1235-41 Hueneme St, San Diego, CA 92110

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Glen Henderson

[email protected] +1(619) 889-7646

$2,500,000

Est. payment - /mo

9 Beds

6 Baths

726 SqFt

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UPDATED:

11/06/2024 04:19 AM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 726 sqft

Price per Sqft $3,443

Subdivision San Diego

MLS Listing ID 240025978

Bedrooms 9

Full Baths 6

HOA Y/N No

Year Built 1957

Lot Size 0.329 Acres

Type of Financing Cash,Conventional

Property Description

Luxury Live Auction! Bidding to start from $2,500,000! This incredible investment property, located at 1235-1241 Hueneme Street, offers breathtaking, unobstructed ocean views from most units due to its elevated position above the surrounding neighborhood. Boasting a 14,348 SF lot directly across from the University of San Diego, this property combines a prime location with remarkable views spanning from Mission Valley to Mission Bay. Currently, four residential income units are on-site, three of which have been beautifully upgraded with modern flooring, sleek baseboards, granite countertops, and stainless steel appliances, adding a touch of luxury to each. Each unit also includes a spacious, private patio?some with stunning views?providing residents a peaceful retreat. With ample parking and proximity to USD, this property is highly appealing to renters, ensuring steady demand and low vacancy rates. For investors eager to maximize potential, the high-density multifamily zoning under the Complete Communities 4.0 FAR overlay creates an exciting opportunity for development. As per the seller, expansion to a total of 35 units?comprising 28 two-bedroom and 7 three-bedroom layouts?is possible, along with an 80-space parking structure. This unique combination of privacy, panoramic views, and a prime location makes this property an ideal choice for investors seeking both immediate income and significant long-term growth potential.

Location

State CA

County San Diego

Community San Diego

Area Old Town Sd (92110)

Building/Complex Name Hueneme

Exterior

Exterior Feature Stucco

Fence Full, Partial, Other/Remarks

View Ocean

Roof Type Composition

Building

Story 2

Lot Size Range .25 to .5 AC

Water Meter on Property

Level or Stories 2 Story

Others

Acceptable Financing Cash, Conventional

Space Rent $3,200

Listing Terms Cash, Conventional

Pets Description Allowed w/Restrictions

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Listed by Jesse Salas • Harcourts Prime Properties

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities