2842 Fairmount San Diego CA 92105 PENDING
MLS# PTP2401198 photo #1 MLS# PTP2401198 photo #2 MLS# PTP2401198 photo #3 MLS# PTP2401198 photo #4 MLS# PTP2401198 photo #5
$1,465,000
bd/ba
sf
4,810 lot
3/1/24: 1,465,000 Original List Price
59 Days on Market
Virtual Tour

Residential Income
2 story
6 Parking Garage Spaces
Y Fireplace
None Laundry Location
1955
RS-1-7 Zoning
Unknown Neighborhood
Sidewalks,Urban Complex/Park
$0 Total Fees/mo (HOA and/or Mello)
PTP2401198 MLS

Offered for sale: A value add four-unit residential income property at 2842-48 Fairmount Ave in the vibrant City Heights neighborhood, providing a desirable mix of units for investors. The property features a front building with three 1bed/1bath units, each approximately 756 sq ft, and a rear building that includes a spacious 2bed unit above three single-car garages. Additionally, there are three uncovered parking spaces accessible from the alley. Highlighting the investment appeal is the potential for ADU conversion of the garages, offering a path to increased revenue. Situated in City Heights, this property capitalizes on a high-demand rental market, making it an attractive opportunity for investors seeking to grow their portfolio in a dynamic San Diego neighborhood.

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Listing by Nicolas Hernandez - Top Gun CRE

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Seth Chalnick
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20% Down Conventional
Price $1,465,000
Down Payment% 20.0%
Down Payment$ $293,000
Loan Amount $1,172,000
Term (years) 30
Interest Rate
Principal & Interest
Property Tax $1,343
Home Insurance $125
Total monthly fees (HOA and/or Mello) $0
Estimated Total Payment/mo
 
Property Tax Deduction
Housing Amount You Pay Now
Relative additional expense/savings
3.5% FHA
FHA Unavailable for this price point
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Seth Chalnick
619.251.8803
seth@sethchalnick.com
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