Property Detail
Description
Motivated seller, priced for quick sale by EOY 25. Almost 150k Pro-forma rent and 7.2 CAP. 9.38 GRM. 8 units in two 4-plexes. Each unit is 2 bed/1 bath. Huge half-acre lot with the possibility to add more units with access from Traction Ave. 7 out of 8 units are completely remodeled with new luxury vinyl plank flooring, new doors, new appliances, new paint, remodeled bathrooms. All new exterior paint. The roof has been replaced in 2012. All units have dual pane windows. The property is completely gated. 16 parking spaces. 5 units rented, 3 vacant. Each building has a separate water meter. Potential subdivision of the lot into 2 regular 4plexes and resale as Non commercial or add ADUs in the back. Located in economic opportunity zone. Close to downtown, parks, schools, and shopping.
Map Location
Listing provided courtesy of Alexey Blokhin of Real E-State. Last updated 2025-11-07 09:32:07.000000. Listing information © 2025 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
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858.252.0200
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Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
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