6831-33 Amherst Street

San Diego, CA 92115

$2,295,000
Price
9
Beds
7
Baths
4,431 Sq. Ft.
$518 / Sq. Ft.
4,431
Sq. Ft.
$518
per Sq. Ft.

Description

Current 4-unit building has very large backyard with ability to add 8 MORE UNITS to create a 12-unit apartment community. MASSIVE UPSIDE and seller may be open to staying on to complete the development with buyer. Amazing opportunity to own an income producing 4 unit property in a highly desirable neighborhood near SDSU! All units have been remodeled with new interior/exterior paint, new flooring, new kitchen cabinets/countertop, can lights in every room, remodeled bathrooms, laundry rooms, new windows,...Current 4-unit building has very large backyard with ability to add 8 MORE UNITS to create a 12-unit apartment community. MASSIVE UPSIDE and seller may be open to staying on to complete the development with buyer. Amazing opportunity to own an income producing 4 unit property in a highly desirable neighborhood near SDSU! All units have been remodeled with new interior/exterior paint, new flooring, new kitchen cabinets/countertop, can lights in every room, remodeled bathrooms, laundry rooms, new windows, new electrical outlets, & new ceiling fans. The renovated units will ensure your income stream is reliable at acquisition with 1 unit already rented out and the others soon to follow as the development is under professional management. Additional Opportunity exists with recent law changes allowing for an increased FAR with the ability to add 4 additional ADUs at 500 sq. ft. each. Assuming construction cost of $720K and each new unit renting at $1900/month, this property would perform over 5% cap rate, excellent for San Diego! The Sellers are willing to assist in helping the new owners build the new ADU units and maximize their investment!

Listing Agent

  1. Seth O'Byrne

    Seth O'Byrne

    Listing Agent

    Compass

    DRE #01463479

    seth.obyrne@compass.com

    P: (858)-260-4982

Property Details for 6831-33 Amherst Street

Area
San Diego (92115)
Neighborhood
College
Community
SAN DIEGO
City Postal ID
SAN DIEGO (92115)
Cross Street(s)
68th St
LISTING UPDATED: 10/17/2024 10:17 AM

Property Details for 6831-33 Amherst Street

StatusActive
MLS #240024215
Days on Market6
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2000
Lot Size0.16 AC / 6,981 SF
CountySan Diego County

Building Information for 6831-33 Amherst Street

Stories1Residences-Year Built2000Building Size-Lot Size0.16 AC / 6,981 SF

Property Information for 6831-33 Amherst Street

Summary Information
Property and Location
  • System ID: 240024215
  • Class: 2-4 UNITS
  • Levels: 1 Story
  • Year Built: 2000
  • Street Number Numeric: 6831
  • Street Name: Amherst St
  • Age Restrictions: N/K
  • Market Area: Metro Uptown
HOA and Fees
  • Home Owner Fees: $0
  • Monthly Total Fees: $0
  • CFD/Mello-Roos Fee: $0
  • Other Fees: $0
Interior and Exterior Features
Interior Features
  • Num of Units w/Dishwashers: 4
  • Num of Units w/Cooling: 2
  • Cooling: See Remarks
  • Heat Source: Electric, Natural Gas
Exterior Features
  • Exterior: Stucco
  • Roof: Composition
  • Fencing: Partial
  • Security: N/K
  • Pool: N/K
Property Information
Property and Assessments
  • Total Stories: 1
  • Entry Only: No
  • Lot Size: 4,000-7,499 SF
  • Lot Size Source: Assessor Record
  • Topography: Level
  • Complex/Park: La Mesa Colony
  • Assessors Parcel Num: 468-260-02-00
Multi Family Information
Unit 1
  • Unit Num for Unit 1: 6831
  • Parking Garage Unit 1: Attached
  • Unit 1 Num of Bedrooms: 3
  • Unit 1 Num of Total Baths: 2
  • Unit 1 Deposit: $0
  • Unit 1 Estimated SqFt: 1,250
  • Unit 1 Exclusive Use Yard: Yes
  • Unit 1 Laundry Hook Ups: Yes
  • Unit 1 Occupied: Tenant
  • Unit 1 Prkng Garage Space: 1
  • Unit 1 Projected Rent: $3,750
  • Unit 1 Rent Actual: $3,600
Unit 2
  • Unit Num for Unit 2: 6833
  • Parking Garage Unit 2: N/K
  • Unit 2 Num of Bedrooms: 3
  • Unit 2 Num of Total Baths: 2
  • Unit 2 Deposit: $3,600
  • Unit 2 Estimated SqFt: 1,640
  • Unit 2 Exclusive Use Yard: Yes
  • Unit 2 Laundry Hook Ups: Yes
  • Unit 2 Occupied: Tenant
  • Unit 2 Projected Rent: $3,650
  • Unit 2 Rent Actual: $3,600
Unit 3
  • Unit Num for Unit 3: 6833 - 1
  • Parking Garage Unit 3: N/K
  • Unit 3 Num of Bedrooms: 3
  • Unit 3 Num of Total Baths: 2
  • Unit 3 Deposit: $0
  • Unit 3 Estimated SqFt: 1,182
  • Unit 3 Exclusive Use Yard: Yes
  • Unit 3 Laundry Hook Ups: Yes
  • Unit 3 Occupied: Vacant
  • Unit 3 Projected Rent: $3,550
  • Unit 3 Rent Actual: $0
Unit 4
  • Unit Num for Unit 4: 6833 - 2
  • Parking Garage Unit 4: N/K
  • Unit 4 Num of Bedrooms: 0
  • Unit 4 Num of Total Baths: 1
  • Unit 4 Deposit: $1,400
  • Unit 4 Estimated SqFt: 359
  • Unit 4 Exclusive Use Yard: No
  • Unit 4 Laundry Hook Ups: Yes
  • Unit 4 Occupied: Tenant
  • Unit 4 Projected Rent: $1,400
  • Unit 4 Rent Actual: $1,400
Building Details
  • Heating: Electric, Natural Gas

Property History for 6831-33 Amherst Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 6831-33 Amherst 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
Charter - K to 8
Rating
School
Distance
Clay Elementary School
PublicK to 5

Mann Middle School
Public6 to 8

Crawford High School
Public9 to 12

Harriet Tubman Village Charter School
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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6831-33 Amherst Street is a multi-family home for sale in San Diego, CA 92115. This property was listed for sale on October 11, 2024 by Compass, it's currently listed at $2,295,000. This listing's school district is San Diego Unified School District. Nearby schools include Clay Elementary School, Mann Middle School and Crawford High School. 6831-33 Amherst Street is a 9-bed, 7-bath, 4,431 sqft multi-family home built in 2000.

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 Compass, Seth O'Byrne, DRE #01463479; Compass, Alexander J Gould, DRE #02229169

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