2401-2407 Island Avenue
$1,095,000
6
4
2,984
2,984
$367
Description
• Presenting one of the BEST Located 4 Unit Complexes in Sherman Heights • Potential of a 2 Bedroom, 2 Bath ADU on vacant portion of the lot • Great Value Add Potential • 2nd Floor Units have Views of Coronado Bridge and Downtown San Diego • Directly across the Street from Sherman Heights Elementary School • Unit Mix Two – 2 Bedroom, 1 Bath Units & Two – 1 Bedroom, 1 Bath Units • Located in Sherman Heights and Grant Hill Historic District • One of the Lowest Priced 4Plexes in Sherman Heights / Grant...• Presenting one of the BEST Located 4 Unit Complexes in Sherman Heights • Potential of a 2 Bedroom, 2 Bath ADU on vacant portion of the lot • Great Value Add Potential • 2nd Floor Units have Views of Coronado Bridge and Downtown San Diego • Directly across the Street from Sherman Heights Elementary School • Unit Mix Two – 2 Bedroom, 1 Bath Units & Two – 1 Bedroom, 1 Bath Units • Located in Sherman Heights and Grant Hill Historic District • One of the Lowest Priced 4Plexes in Sherman Heights / Grant Hill • Projected GRM of 10 and Projected CAP rate of 6.8
Sherman Heights is a Great Place to live. Sherman Heights has easy access to downtown San Diego, and access to major highways and public transportation. Yet the lifestyle is low key. It is easy to imagine coming home to this charming neighborhood with Victorian and Craftsman-style homes and Walkable tree-lined streets. This 1908 Sherman Heights two-story apartment 4-Plex is located at the corner of 24th Street and Island Avenue. The building has a hipped roof, overhanging eaves and a boxed cornice. Each unit has a Decorative (but inoperable) Fireplace Surround. There are 2 interior staircases as well as a shared exterior staircase. The historic architecture of 2401-07 Island and its “good bones” make this fixer-upper ready to be restored to its former glory. A vacant portion of the lot allows potential adding ADUs. This is a unique investment opportunity.
Sherman Heights is a Great Place to live. Sherman Heights has easy access to downtown San Diego, and access to major highways and public transportation. Yet the lifestyle is low key. It is easy to imagine coming home to this charming neighborhood with Victorian and Craftsman-style homes and Walkable tree-lined streets. This 1908 Sherman Heights two-story apartment 4-Plex is located at the corner of 24th Street and Island Avenue. The building has a hipped roof, overhanging eaves and a boxed cornice. Each unit has a Decorative (but inoperable) Fireplace Surround. There are 2 interior staircases as well as a shared exterior staircase. The historic architecture of 2401-07 Island and its “good bones” make this fixer-upper ready to be restored to its former glory. A vacant portion of the lot allows potential adding ADUs. This is a unique investment opportunity.
- Listed by Jeff Elden • DRE #00921343 • Siemienowski & Associates
- Listed by Joseph Siemienowski • Brokerage DRE #00831832 • Siemienowski & Associates
Property Details for 2401-2407 Island Avenue
Area
San Diego (92102)
NeighborhoodSherman Heights
CommunitySAN DIEGO
View DescriptionCity
City Postal IDSAN DIEGO (92102)
Cross Street(s)24th Street
LISTING UPDATED: 10/14/2024 04:25 PM
Property Details for 2401-2407 Island Avenue
Status | Active |
---|---|
MLS # | 240024400 |
Days on Market | 7 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1908 |
Lot Size | 0.08 AC / 3,591 SF |
County | San Diego County |
Building Information for 2401-2407 Island Avenue
Stories2Residences-Year Built1908Building Size-Lot Size0.08 AC / 3,591 SF
Property Information for 2401-2407 Island Avenue
Property History for 2401-2407 Island Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 2401-2407 Island Avenue
This home is within San Diego Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Charter - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Sherman Elementary School PublicK to 5 | ||
King-Chavez Preparatory Academy Charter6 to 8 | ||
Garfield High School Public9 to 12 | ||
e3 Civic High School Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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