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$749,999
PTP2603416 MLS ⋅ Active Status
Back On Market- No Fault to Seller! Buyer did not perform. Rare opportunity to acquire a multi-unit property situated across a large lot in a unique canyon setting with rear alley access—offering significant upside potential for investors, builders, or developers.. The property features two units with flexible occupancy, providing immediate opportunity for renovation, repositioning, or redevelopment. The existing improvements reflect deferred maintenance and are being sold as-is, making this an ideal project for those seeking to add value through renovation or explore expansion possibilities (buyer to verify). The lot configuration, privacy, and natural surroundings create a rare setting not commonly found in similar properties, while still being centrally located with convenient access to freeways, shopping, and employment centers. Strong upside in both rental income and long-term development potential. Do not disturb occupants.

3211 Menlo, San Diego
$1,200,000
NDP2603053 MLS ⋅ Active Status
CITY HEIGHTS DUPLEX | R-2 ZONED | IMMEDIATE INCOME + EXTRAORDINARY DEVELOPMENT UPSIDE Few opportunities arrive with this much aligned in your favor. A fully remodeled, income-producing R-2 zoned duplex on a 5,178 square foot lot, positioned in the heart of one of San Diego's most powerfully appreciating urban corridors, this is the kind of generational asset that sophisticated investors recognize immediately and move on decisively. City Heights is not emerging. It has emerged. The Mid-City submarket is experiencing a transformation that is redefining land values, reshaping the streetscape, and rewarding those who had the vision to act early. This property does not sit on the sidelines of that story. It sits at the center of it. Both units were comprehensively remodeled in 2022 to a standard that today's discerning residents expect and deserve. The upper level unfolds across approximately 950 square feet of beautifully appointed living space, offering 2 bedrooms, 1 bathroom, a sweeping open concept layout, custom quartz countertops, a stylish breakfast bar, stainless steel appliances, and the coveted convenience of in-unit laundry. The lower unit presents approximately 850 square feet of equally refined living, with 2 bedrooms, 1 bathroom, a private fenced yard that creates a genuine sense of arrival, and a dedicated laundry closet. Both residences feature individually fenced outdoor retreats and climate controlled comfort through wall and window air conditioning. These are not afterthought finishes. They are the details that attract quality long term residents and keep them. The leases in place and the income figures speak for themselves. The investment opportunity extends well beyond today's cash flow. The R-2 designation, layered with the City of San Diego's landmark ADU ordinance and its aggressive multi-family densification framework, transforms this lot into a genuine development platform. The paths forward are multiple and meaningful. Add accessory dwelling units and multiply your income streams. Maximize the allowable density envelope and reposition the asset for the next decade. The Mid-City Community Plan places this site squarely within the city's highest priority transit-oriented infill zones, which means policy, infrastructure, and capital are all moving in the same direction you are. The risk profile is equally compelling. Flood, fire, and wind exposure each score a remarkable 1 out of 10, supporting clean underwriting and favorable insurance economics. Hamilton Elementary, rated 8 out of 10, anchors the neighborhood's family appeal. Major freeways, thriving employment centers, and robust public transit connections are all within easy reach, fundamentals that sustain demand, validate comparable sales, and strengthen every exit strategy on your model. Whether you are a 1031 exchange buyer seeking a pristine capital preservation vehicle, a value-add investor ready to build on a turnkey foundation, or a developer strategically assembling a land position in one of Southern California's most supply-constrained and policy-favored urban infill markets, this is the opportunity that belongs at the top of your underwriting queue. Assets that unite immediate income, institutional quality finishes, zoning optionality, and locational irreplaceability at this price point are extraordinarily rare. When they appear, the window is brief. The numbers are exceptional. The upside is undeniable. The time to act is now.

2351 53 Modesto Street, San Diego
$749,900
2 Beds ⋅ 2 Baths ⋅ AR25254269 MLS ⋅ Active Status
Excellent investment opportunity! This duplex features two 1-bedroom, 1-bath units, one upstairs and one downstairs,each with separate entrances and individual electric meters. A detached rear building provides laundry hookups, power, and storage for added functionality / possible conversion. The property includes off-street parking (3 spaces) and is situated just off University Avenue between the 805 and 15 freeways, offering quick access to shopping, dining, transit and downtown San Diego. Building and units have been professionally managed and maintained. The property has a strong rental history, providing immediate income potential and long-term upside for investors, whether you’re looking to buy and hold, live in one unit and rent the other, or explore redevelopment options.

3890 37th, San Diego

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.