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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2600758
HOA Y/N No
Year Built 1927
Property Sub-Type Multi Family
Property Description
Rare multifamily ADU densification opportunity in Sherman Heights, San Diego. By-right ADU development under CA SB-1211 allows expansion from 6 to 12 units. The property features a well-maintained 3-story, 6-unit apartment building (4,608 SF) on a 7,500 SF lot, built in 1927, with month-to-month tenancies and current gross income exceeding $10,000/month. Professionally prepared plans are in final approval for 6 new ADUs across three detached, two-story structures totaling approximately 2,884 SF. Upon completion, the ADUs are projected to generate an additional $13,000+/month in gross rental income. The site is zoned CC-3-4, with ministerial ADU approvals that significantly reduce entitlement risk and development timelines. Ideal for investors seeking unit-count expansion and long-term rental growth in a prime urban infill location.
Location
State CA
County San Diego
Area 92102 - San Diego
Zoning CC-3-4
Interior
Fireplace No
Building
Lot Description Level, Near Public Transit, Rectangular Lot
Story 3
Others
Tax ID 5352301100
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, Trust Deed
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, Trust Deed
Special Listing Condition Standard
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Listed by Max Delbecq Top Gun CRE maxd@topguncre.com, DRE #01964069
Nearby Locations
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