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Key Details
Sold Price $1,035,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Encanto
MLS Listing ID SW24046636
Sold Date 05/15/24
HOA Y/N No
Year Built 1952
Lot Size 6,799 Sqft
Property Description
Welcome to 5206 La Paz Dr., a meticulously renovated single-family home in San Diego, CA 92114, transformed into a permitted three-unit property, designed to maximize your investment potential. This versatile property not only offers a comfortable two-bedroom, one-bathroom main house but also includes two additional two-bedroom, one-bathroom ADUs, providing multiple income streams.
Each unit features modern finishes, including quartz countertops and luxury vinyl plank flooring, ensuring tenant satisfaction and maximizing rental value. The recent renovation encompasses essential upgrades such as a new roof and windows, as well as contemporary fixtures throughout, guaranteeing minimal maintenance costs for investors.
With a local property management company estimating potential rental income exceeding $8,000 per month, this property promises significant cash flow potential, offering an attractive return on investment. Whether you're a seasoned investor or new to real estate investment, 5206 La Paz Dr. provides an excellent opportunity for passive income generation in one of San Diego's most desirable neighborhoods.
Beyond its income-generating capabilities, this property is conveniently located with easy access to amenities, parks, and transportation hubs, enhancing its appeal to potential tenants and ensuring high occupancy rates. Whether you're targeting long-term tenants or short-term rentals, the prime location of 5206 La Paz Dr. guarantees a steady stream of reliable income.
Don't miss out on this exceptional opportunity to own a turnkey property strategically designed for maximum income potential. Schedule a viewing today and secure your investment in the thriving San Diego real estate market.
Location
State CA
County San Diego
Area 92114 - Encanto
Zoning RS-1-7
Interior
Interior Features Balcony, Quartz Counters
Fireplace No
Laundry Inside
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs, Street Lights, Suburban, Sidewalks
Total Parking Spaces 2
Private Pool No
Building
Lot Description Back Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5484401300
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Financing VA
Special Listing Condition Standard
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Bought with David Fletes • Coldwell Banker West
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David Burchell
Team Leader & Realtor | License ID: #02033130
Team Leader & Realtor License ID: #02033130