1833 Fern Street

San Diego, CA 92102

$2,999,999
Price
7
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

VA 100% Financing OK! Welcome to this stunning five-unit property (3 Units+ 2 ADUs) in the charming and very walkable South Park neighborhood of San Diego. This property consists of 5 Units Total: 1833 Fern is a 4 bed 3 bath Single Family home, 1835 Fern Units A & B is a top/bottom duplex identical 1 bd 1 ba's, and 2 new construction ADUs both identical 1bd 1ba's. This is an excellent opportunity for an owner-occupant or a savvy investor. Once stabilized, this property could bring in upwards of $14,000+...VA 100% Financing OK! Welcome to this stunning five-unit property (3 Units+ 2 ADUs) in the charming and very walkable South Park neighborhood of San Diego. This property consists of 5 Units Total: 1833 Fern is a 4 bed 3 bath Single Family home, 1835 Fern Units A & B is a top/bottom duplex identical 1 bd 1 ba's, and 2 new construction ADUs both identical 1bd 1ba's. This is an excellent opportunity for an owner-occupant or a savvy investor. Once stabilized, this property could bring in upwards of $14,000+ in gross rents or push that further by having a mix of short-term and long-term rentals. With South Park's amazing location and with the combination of short-term and long-term rentals, this property could reach gross rents of upwards of $20,000+per month. With a location that is second to none, you can walk to everything South Park offers, including amazing restaurants, fun events, a food truck park, Target Express, more shopping, bars, parks, hiking trails, the zoo, and even the airport. Strategic financing options available for owner-occupied and non-owner-occupied purchasers - VA and DSCR financing are available!

Listing Agents

  1. Leslie Duvernay

    Leslie Duvernay

    Listing Agent

    Compass

    DRE #01936896

  2. Michael Brown

    Michael Brown

    Alternative Listing Agent

    Compass

    DRE #02021895

Property Details for 1833 Fern Street

Zoning
RM 3-5
Cross Streets
Fir
Source Living Area
Owner
Area
San Diego (City) (SD)
Lot Size Area
4859
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly

Location

Listing Courtesy of Compass, Leslie Duvernay, DRE #01936896; Compass, Michael Brown, DRE #02021895
Add your commute
LISTING UPDATED: 04/27/2024 06:01 PM

Property Details for 1833 Fern Street

StatusActive
MLS #230014564SD
Days on Market277
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2023
Lot Size0.11 AC / 4,859 SF
CountySan Diego County

Location

Listing Courtesy of Compass, Leslie Duvernay, DRE #01936896; Compass, Michael Brown, DRE #02021895
Add your commute

Virtual Tour

Building Information for 1833 Fern Street

Stories2Residences-Year Built2023Building Size-Lot Size0.11 AC / 4,859 SF

Payment Calculator

$16,372 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,372

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1833 Fern Street

Community / Development
Community / Development
  • Complex Name: N/A
  • Number Of Units: 5
  • Amenities: None
  • Association Fees Include: N/K
  • Builders Tract Name: South Park
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 2
  • View: Yes
  • View Description: City, Evening Lights, Valley
  • Security Features: None
  • Water: Meter on Property, Other
  • Sewer: Sewer Connected
  • Water Heater Features: Electric, Gas, Tankless
  • Water District: CITY OF SAN DIEGO
Contract Info
Contract Info
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $75,888.00
  • Gross Scheduled Income: $79,050
  • Cap Rate: 2.30%
  • Gross Rent Multiplier: $40.47
  • Other Income1: $.00
  • Total Annual Expense: 3330
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
  • Lot Description: Street Paved
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: None, None Known
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Central Forced Air, Wall/Window
  • Heating Type: Electric, Fireplace, Forced Air, Natural Gas, Wall
Exterior Features
Exterior Features
  • Pool: No
  • Pool Description: None
  • Spa: No
  • Roof: Composition
  • Fence: Full
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional, Exchange, Other, VA
  • Tenant Pays: Electricity, Gas/Propane, Other, Sewer, Water
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Rent: $3,200.00
  • Unit Actual Rent: $3,200.00
  • Unit Projected Rent: $4,900.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $1,350.00
  • Unit Actual Rent: $1,350.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $1,350.00
  • Unit Actual Rent: $1,350.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $2,300.00
  • Unit Actual Rent: $2,300.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1

Property History for 1833 Fern Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 1833 Fern Street

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

Garfield High School
Public9 to 12

Roosevelt International Middle School
Public6 to 8

Mcgill School Of Success
CharterK to 5

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.

Similar Homes

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1833 Fern Street is a multi-family home for sale in San Diego, CA 92102. This property was listed for sale on July 26, 2023 by Compass, it's currently listed at $2,999,999. This listing's school district is San Diego Unified School District. Nearby schools include Golden Hill K-8, Garfield High School and Roosevelt International Middle School. 1833 Fern Street is a 7-bed, 6-bath, multi-family home built in 2023.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Leslie Duvernay, DRE #01936896; Compass, Michael Brown, DRE #02021895

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