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Listed by Christian Ballow, DRE #02046669 • Gene Bowman Realty
$ 1,100,000
Est. payment /mo
Price Dropped by $99K
2624 Comstock ST San Diego, CA 92111
4 Beds
3 Baths
1,314 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,314 sqft
Price per Sqft $837
MLS Listing ID CRPTP2602930
Bedrooms 4
Full Baths 3
Year Built 1946
Lot Size 4,900 Sqft
Property Sub-Type Single Family Home
Source California Regional MLS
Property Description
2624 Comstock Street is a fully permitted 5-unit development opportunity in Linda Vista - ADU permits approved and RTI by the City of San Diego. The hard work is done. No permitting risk. No design delays. No waiting on the city. The back-of-lot build consists of four brand-new ADUs across two 2-story buildings (2,160 SF total): two 1BD/1BA units at 430 SF and two 2BD/1BA units at 650 SF - each with in-unit laundry, ductless mini-split HVAC, and private decks on upper units. At market rents, the four ADUs project to $9,400-$10,400/month in gross income upon stabilization. Combined with the front home's current lease at $4,095/month, this property pencils to up to $15,000/month in total gross rents - all on a single APN. While you build, the front home carries you. Completely remodeled from the studs up - new roof, new HVAC, new windows, new doors, new kitchen, new bathrooms, and new flooring throughout. Currently tenant-occupied at $4,095/month with immediate cash flow from day one. Shovel-ready permits, a fully remodeled front home generating $4,095/month in current rent, and a clear path to $15,000/month in gross income upon ADU completion - all on a single APN in Linda Vista. For a developer or investor looking for a turnkey entry into a high-demand San Diego submarket, 262
Location
State CA
County San Diego
Area 92111 - Linda Vista
Zoning RM-1-1
Interior
Cooling Central AC
Fireplaces Type None
Laundry Other
Exterior
Garage Spaces 2.0
Pool None
View Local/Neighborhood
Building
Story One Story
Others
Tax ID 4317100100
Special Listing Condition Not Applicable
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