3 Units tucked away in South Park

Wednesday, October 23, 2019

Thursday, November 29, 2018

3 Units on Grove in South Park

3 Units on Grove St

San Diego, CA

South Park

List Price $949,000

Property is located just a few blocks from Whistlestop, Target and the heart of South Park. The property is nestled between two city lots. Zoned RS-1-1 and RS 1-7

All include with washer dryers and parking. There are four off-street parking spaces. The top 2 bedrooms have 1 space and the bottom unit has two spaces.

1729 Grove - 2/1 - 550 sq ft - $1600 per month, month to month lease - market is $1850

1731 Grove - 2/1 550 sq ft - currently vacant. market rent is $1850

1733 Grove- 2/1 950 sq ft - $1995 per month. month to month lease - market is $2195

Numbers ran at 910K

Investment Summary Click Here

Google Satellite View click here

Positive is its in South Park
Negative: 22 Units across the street

Friday, April 13, 2018

Pics of Lamar

.

OLD PICS OF SOME RANDOM DEAL.....

100 yards from subject looking east away

subject is dead center behind pole

looking west

neighbor across street

subject

looking west again

Looking down culd de sac 100 yards east

Sunday, March 20, 2016

THIS IS OLD NOT AVAILABLE- SOLD ALONG TIME AGO....

3 Units in South Park

1704 Grove.

SD CA 92102

Priced at 734K

Suggested offer price is 662K

Duplex plus a 1 bedroom house

All estimated around 510 SQFT

These need work,

Need to rearrange the driveway to configure additional parking.

Google Street View

Investment Summary Click Here

2 cents:

Most of this street is typical South Park, beautiful well kept craftsmans with well maintained yards. At the North end of this block is an apartment building that is sub par and in a way brings this little pocket down a little bit. Overall good South Park Location and a new owner that puts in some capital (my estimate is 85K) will be able to get rents consistent with South Park and attract great tenants.