3554-56 Sydney Place

San Diego, CA 92116

$1,083,000
Price
Beds
2
Baths
630 Sq. Ft.
$1,719 / Sq. Ft.
630
Sq. Ft.
$1,719
per Sq. Ft.

Description

Stunning Canyon-View Duplex in Normal Heights! Sydney Place, is a fully remodeled income-producing duplex nestled on a serene canyon in the heart of Normal Heights, San Diego. This unique property offers a rare blend of modern upgrades, versatile living, and exceptional cash flow potential. Property Highlights: • 2 Units: Each 1 bed / 1 bath unit has been meticulously renovated with a contemporary design. • Upper Unit: Positioned at street level, this spacious unit boasts 1 bedroom, 1 bath, shaker...Stunning Canyon-View Duplex in Normal Heights! Sydney Place, is a fully remodeled income-producing duplex nestled on a serene canyon in the heart of Normal Heights, San Diego. This unique property offers a rare blend of modern upgrades, versatile living, and exceptional cash flow potential. Property Highlights: • 2 Units: Each 1 bed / 1 bath unit has been meticulously renovated with a contemporary design. • Upper Unit: Positioned at street level, this spacious unit boasts 1 bedroom, 1 bath, shaker white cabinets, stainless steel appliances, and a modern mini split AC system. The open-concept living area flows seamlessly to a 350+ sq.ft private deck, perfect for enjoying canyon views or entertaining guests. Added bonuses include in-unit washer/dryer hookups and abundant natural light. • Lower Unit: Also featuring 1 bedroom, 1 bath, the downstairs unit offers a front balcony that overlooks the peaceful canyon, making it a desirable retreat. Complete with updated finishes and its own mini split AC, this unit has direct access to shared laundry facilities. Investor’s Dream: With a proven track record as a short-term rental, both units come fully furnished and have consistently generated high occupancy rates and attractive returns. Whether you’re an investor seeking steady income or a homeowner looking to live in one unit while renting out the other, this property offers exceptional flexibility. Whether you’re an investor seeking steady income or a homeowner looking to live in one unit while renting out the other, this property offers exceptional flexibility • Lot Size: Situated on a 7,224 sq. ft. lot with ample parking options. Location Perks: Normal Heights is known for its vibrant social scene, walkable streets, trendy cafes, and proximity to major freeways, making it a highly sought-after neighborhood. Residents enjoy easy access to parks, restaurants, and shopping, offering an active lifestyle and a strong sense of community. Don’t miss out on this rare opportunity to own a canyon-view duplex in one of San Diego’s most charming and centrally located neighborhoods!
  1. Listed by Tiffani Tu • DRE #02044515 • Brokerage DRE #01897784 • Century 21 Affiliated • tutiffani.estates@gmail.com

Property Details for 3554-56 Sydney Place

Architectural Style
Contemporary, Modern
View
Canyon
Parking Spaces Total
0
Private Pool
No
Cooling Type
Ductless
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
LISTING UPDATED: 11/15/2024 06:34 AM

Property Details for 3554-56 Sydney Place

StatusActive
MLS #NDP2409348
Days on Market32
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1980
Lot Size0.17 AC / 7,224 SF
CountySan Diego County

Building Information for 3554-56 Sydney Place

Stories1Residences-Year Built1980Building Size-Lot Size0.17 AC / 7,224 SF

Property Information for 3554-56 Sydney Place

Income / Expense / Tax Details
Income Details
  • Gross Income: $227,650
  • Gross Scheduled Income: $128,000
  • Net Operating Income: $657,972
  • Cap Rate: 6.53
Expense Details
  • Operating Expense: $0
  • New Taxes Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 08001
  • Tax Lot: 08001
Community / Development
Community / Development
  • Accessibility Features: 2+ Access Exits, No Interior Steps
  • Disability Access: 2+ Access Exits, No Interior Steps
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Curbs, Sidewalks, Urban, Dog Park, Park
  • Park Name: Adams North
Property / Structure Info
Interior Features
  • Appliances: Barbecue, Dishwasher, Gas Range, Microwave, Refrigerator, Tankless Water Heater, Water Heater
  • Equipment: Barbeque, Dishwasher, Dryer, Dryer Included, Gas Or Electric Dryer Hookup, Microwave, Refrigerator, Washer, Washer Hookup, Washer Included
  • Water Heater Features: Tankless
  • Laundry: Yes
  • Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, Washer Hookup, Washer Included
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Ductless
  • Flooring: Stone, Tile
Exterior Features
  • Exterior Features: Awning(s), Rain Gutters, Balcony
  • Entry Location: Front Door of both- upper + lower unit
  • Fence: Yes
  • Fence: Vinyl
  • Fencing: Vinyl
  • Property Condition: Turnkey
  • View Description: Canyon
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Back Yard, Landscaped, Level with Street, Lot 20000-39999 Sqft, Near Public Transit, Park Nearby, Patio Home
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
  • Utilities: Electricity Connected
  • Electric: Electricity Connected
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: On street
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Street
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $6,500
  • Unit Type Total Rent: $6,500
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,500
  • Unit Type Total Rent: $3,500
  • Unit Type Pro Forma: 0
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Number With Patio: 2
  • Number Wall AC: 2

Property History for 3554-56 Sydney Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 3554-56 Sydney Place

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
Charter - K to 8
Rating
School
Distance
Adams Elementary School
PublicK to 5

Wilson Middle School
Public6 to 8

Hoover High School
Public9 to 12

San Diego Global Vision Academy
CharterK to 8

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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3554-56 Sydney Place is a multi-family home for sale in San Diego, CA 92116. This property was listed for sale on October 5, 2024 by Century 21 Affiliated, it's currently listed at $1,083,000. It has been on the market for a total of 32 days and was last sold on November 30, 2022. This listing's school district is San Diego Unified School District. Nearby schools include Adams Elementary School, Wilson Middle School and Hoover High School. 3554-56 Sydney Place is a 0-bed, 2-bath, 630 sqft multi-family home built in 1980.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Affiliated, Tiffani Tu, DRE #02044515

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