38
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$1,190,000
Est. payment /mo
9,583 Sqft Lot
New
2101 3 Drescher ST San Diego, CA 92111
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2607928
HOA Y/N No
Year Built 1942
Lot Size 9,583 Sqft
Property Sub-Type Duplex
Property Description
Rare Linda Vista duplex in a highly convenient location, offering remodeled, income-producing units today and exceptional development potential tomorrow. 2022: both 2BR/1BA units fully remodeled with updated kitchens and baths, new flooring, dual-pane windows, mini-split heating/AC (six heads total), instant electric water heaters and updated electrical. 2024: all plumbing retrofitted, including 4" ABS sewer lateral to the main. Paid-off solar grandfathered on SDG&E Net Energy Metering 2 with approx. 15+ years remaining, a valuable rate structure new solar no longer qualifies for, helping keep utility costs low. Sizable driveway for off-street parking, shared washer/dryer on site, and notable ocean views. Development upside: the approx. 9,514 sf lot is zoned RM-3-7 (base density approx. 9 units) and sits within the City's Sustainable Development Area, Transit Priority Area and Complete Communities Housing Solutions FAR Tier 4. Under the Housing Solutions program, qualifying projects that deed-restrict 40% of base units as affordable may build up to 4.0 FAR (roughly 38,000 sf of floor area), with height governed by FAR, no required parking near transit, and potential for 25+ units. Collect rent now, build later. All this, just a short stroll to the Linda Vista Plaza Shopping Center, nearly a mile to USD, minutes to Fashion Valley, Mission Valley and the I-8/163 corridors, and steps to the bus line. Buyer to verify zoning, density and development potential with the City of San Diego. Renderings are conceptual and not approved plans.
Location
State CA
County San Diego
Area 92111 - Linda Vista
Zoning R-2:MINOR MULTIPLE
Interior
Fireplace No
Laundry Outside
Exterior
Pool None
Community Features Curbs, Street Lights
View Y/N No
Private Pool No
Building
Lot Description Back Yard, Corner Lot, Near Public Transit, Value In Land, Walkstreet
Story 1
Others
Senior Community No
Tax ID 4314102400
Acceptable Financing Cash, Conventional, Contract
Listing Terms Cash, Conventional, Contract
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2607928
Listed by Ryan Schuder United Real Estate San Diego 858-361-6095, DRE #01900202
Nearby Locations
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