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Property Description

Variance granted Commercial Res Income. VA 100% Financing OK! Welcome to this stunning five-unit property (3 Units + 2 ADUs) in the charming and very walkable South Park neighborhood of San Diego. This property consists of 5 Units Total: 1833 Fern is a 4 bed 3 bath Single Family home, 1835 Fern Units A & B is a top/bottom duplex identical 1 bd 1 ba’s, and 2 new construction ADUs both identical 1bd 1ba’s. This is an excellent opportunity for an owner-occupant or a savvy investor. Once stabilized, this property could bring in upwards of $14,000+ in gross rents or push that further by having a mix of short-term and long-term rentals. With South Park’s amazing location and with the combination of short-term and long-term rentals, this property could reach gross rents of upwards of $20,000+ per month. With a location that is second to none, you can walk to everything South Park offers, including amazing restaurants, fun events, a food truck park, Target Express, more shopping, bars, parks, hiking trails, the zoo, and even the airport. Strategic financing options available for owner-occupied and non-owner-occupied purchasers – VA and DSCR financing are available! 1833 Fern St: SFR with 4 Bedrooms + 3 Bathrooms, 1640 SF, 2 side-by-side uncovered parking spaces, Central AC/Heat – 1835 Fern St. Unit A: 1st floor, 1 bedroom + 1 bathroom, 750 SF + 1 off-street uncovered parking – 1835 Fern St. Unit B: 2nd floor, 1 bedroom + 1 bathroom, 750 SF, + 2 tandem style off-street uncovered parking spaces – The new construction ADUs, side by side 2 story “row home style” 1 bedroom + 1 bathroom, AC/Heat, 565 SF, no parking spaces, 1 unit enters alley side, 1 unit enters on the Fern St. Side.

Features
: Forced air, Wall Furnace
Additional Information
Compass
0
SAND-668688
SAND-992075
Leslie
5392330300

Commercial Sale For Sale

1833 Fern St, San Diego, California 92102

$2,999,999
Listing ID #230014561SD
Basic Details
Status : Active
DaysOnMarket : 279
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 230014561SD
Price : $2,999,999
Country : US
State : California
County : San Diego
City : San Diego
Zipcode : 92102
ModificationTimestamp : 2024-06-03 11:22:20
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