6831 Amherst Street
$2,295,000
9
7
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Listed By Compass
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 Agents
Property Details for 6831 Amherst Street
Cross Streets
68th St
Source Living AreaOwner
AreaSan Diego (City) (SD)
Lot Size Area6981
Home owner Dues$0
HOA Fee Frequency 1Monthly
HOA Fee 2$0
HOA Fee Frequency 2Monthly
LISTING UPDATED: 11/19/2024 11:12 AM
Property Details for 6831 Amherst Street
Status | Active |
---|---|
MLS # | 240024215SD |
Days on Market | 40 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 2000 |
Lot Size | 0.16 AC / 6,981 SF |
County | San Diego County |
Building Information for 6831 Amherst Street
Stories1Residences-Year Built2000Building Size-Lot Size0.16 AC / 6,981 SF
Property Information for 6831 Amherst Street
Property History for 6831 Amherst Street
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 6831 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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