2848 Morningside Street

San Diego, CA 92139

$1,395,000
Price
6
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Variance granted 2-4 Units. Money maker! Unicorn Alert! 3 units in one building. RARE and valuable investment opportunity! Updated main home is 1,104 sft 3/2 single level with gorgeous canyon views and panoramic sunsets over the Pacific & downtown from your large covered deck that runs the length of the house. 2023 newly built and legally permitted ADUs feature a 2BR ADU 758 sft & 1BR JADU 499 sft. Soundproofed and built for comfort, these two ADUs were taken down to the studs and well built. The...Variance granted 2-4 Units. Money maker! Unicorn Alert! 3 units in one building. RARE and valuable investment opportunity! Updated main home is 1,104 sft 3/2 single level with gorgeous canyon views and panoramic sunsets over the Pacific & downtown from your large covered deck that runs the length of the house. 2023 newly built and legally permitted ADUs feature a 2BR ADU 758 sft & 1BR JADU 499 sft. Soundproofed and built for comfort, these two ADUs were taken down to the studs and well built. The west facing JADU also offers beautiful canyon views and gorgeous sunsets. The location is quiet and convenient. Hidden in a serene corner high on a mesa just north of Bonita, it s only a 4 minute drive to Westfield Plaza Bonita, faster to I-805 and 54, and a quick drive to downtown. Significant rental income can help pay your mortgage! Move into a unit to qualify for a low-down payment mortgage OR approx. $7840/month renting all 3 units. This amazing investment opportunity offers 3 easily rented, units with separate: addresses, front doors, outdoor space, washers/dryers and electrical meters. Main home & JADU have terrific tenants until June at $3,070 and $2,125. 2BR ADU last rented for $2,645. Must see to appreciate the view and neighborhood.
  1. Listed by Julie Adams • DRE #01409835 • Brokerage DRE #01180851 • Real Broker

Property Details for 2848 Morningside Street

Cross Streets
Rolling Hills Dr
Source Living Area
Assessor
Area
Paradise Hills (PAH)
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
Assessor Parcel Number
587-310-14-00
LISTING UPDATED: 12/20/2024 06:31 PM

Property Details for 2848 Morningside Street

StatusActive
MLS #240028708SD
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1975
Lot Size-
CountySan Diego County

Building Information for 2848 Morningside Street

Stories2Residences-Year Built1975Building Size-Lot Size-

Property Information for 2848 Morningside Street

Community / Development
Community / Development
  • Complex Name: none
  • Number Of Units: 3
  • Pets Allowed: Yes
  • Builders Tract Name: South Paradise Hills
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 2
  • View: No
  • Security Features: None
Contract Info
Contract Info
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $.00
  • Gross Scheduled Income: $0
  • Cap Rate: .00%
  • Gross Rent Multiplier: $.00
  • Other Income1: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Composition
  • Fence: Partial
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional, FHA, VA
  • Tenant Pays: Cable TV, Electricity, Water
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Rent: $3,070.00
  • Unit Actual Rent: $3,070.00
  • Unit Projected Rent: $3,300.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Projected Rent: $2,645.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $2,125.00
  • Unit Actual Rent: $2,125.00
  • Unit Projected Rent: $2,125.00
  • Like Units: 1

Property History for 2848 Morningside Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2848 Morningside Street

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Lee Elementary School
PublicK to 5

Bell Middle School
Public6 to 8

Morse High School
Public9 to 12

San Diego Scpa School
Public6 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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2848 Morningside Street is a multi-family home for sale in San Diego, CA 92139. This listing's school district is San Diego Unified School District. Nearby schools include Lee Elementary School, Bell Middle School and Morse High School. 2848 Morningside Street is a 6-bed, 4-bath, multi-family home built in 1975.

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Listing Courtesy of Real Broker, Julie Adams, DRE #01409835

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