San Diego, CA 92106,3404 Russell St
San Diego, CA 92106,3404 Russell St
San Diego, CA 92106,3404 Russell St
San Diego, CA 92106,3404 Russell St
San Diego, CA 92106,3404 Russell St
San Diego, CA 92106,3404 Russell St
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$2,330,000

$2,399,000

2.9%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 05/13/2024

Key Details

Sold Price $2,330,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision San Diego

MLS Listing ID 230020594SD

Sold Date 05/13/24

HOA Y/N No

Year Built 1939

Property Description

GORGEOUS NEW DETACHED UNITS AVAILABLE NOW!!! Total projected annual rental income: $174,000.00 / Potential for higher income projected at $210,000/year if front house used as short-term rental. FRONT HOUSE: $5,500/month UNIT 1: $6,500/month UNIT 2: $2,800/month Three detached units, each separately metered. The front house is remodeled, 2-bed, 2-bath house with wood floors, new appliances, laundry room, and open kitchen-living room layout. It is Airbnb approved and is 1,190 square feet. The two additional units are brand new builds. UNIT 1 is 1119 sq ft, 3-bed/2-bath, and features beautiful views from the second floor facing southeast & west with bi-fold doors on both sides, decks, and wood floors throughout. UNIT 2 (Studio) also has wood floors throughout, stacked W/D, full kitchen and spacious bathroom. Conveniently located near beaches, Liberty Station, Little Italy, downtown, and restaurants. Rental Income: Overall, a lucrative investment property due to its location, views and amenities. Variance granted for 2-4 units. Welcome to 3404 Russell St, San Diego, CA 92106! 3 Detached Units!!! This property offers a fully remodeled 2-bed, 2-bath front house with 1,190 sq ft on a corner lot with sunset and city light views. It features wood floors, new appliances, a full laundry room, and an open kitchen-living room layout. It is expected to yield $5,500 in rental income for investors. This property is an excellent investment opportunity or a comfortable owner-occupancy with 2 UNITS completely detached from the house to offset monthly mortgage. You'll be conveniently close to beaches, Liberty Station, Little Italy, downtown, and top restaurants and shops. The front house is Airbnb approved. Additionally, two new units will be completed by November 15th: Total projected rental income $174,000 a year!!! Front House: Full Remodel - 2 bed, 2 bath house 1190 sq ft. Views of evening lights. Laundry room and large front yard for entertaining. Rental income of 5,500 a month. Unit 1: New Construction - A 3-bed, 2-bath unit with 1,119 sq ft and stunning views. It includes two decks with bifold doors and wood floors throughout, with a projected rental income of $6,500 per month. Views to Pacific Beach and La Jolla. Unit 2: New Construction - A Studio with wood floors, ideal for rental adjacent to Unit 1 $2,500 per month.

Location

State CA

County San Diego

Area 92106 - Point Loma

Interior

Cooling Central Air

Fireplace No

Appliance Gas Water Heater, Tankless Water Heater

Exterior

View Y/N Yes

View Bay

Roof Type Composition

Building

Story Multi/Split

Entry Level Multi/Split

Level or Stories Multi/Split

Others

Senior Community No

Tax ID 4500120400

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Financing Conventional

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California Regional MLS (CRMLS)
Listed by Nathan Winnett • eXp Realty of California, Inc.
Bought with Rhonda Hebert • eXp Realty of California, Inc.
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