2430 Union Street
2430 Union Street
$3,000,000
6
4
3,401
3,401
$882
Sold 4/19/22
Description
Rare Opportunity to own a practically brand new building in one of San Diego's most prestigious neighborhoods that generates enough income to have leveraged cash flow! Union 4 is that opportunity. Original historic house that has been renovated and still carries a Mills Act designation for lower property taxes along with 3 units built in 2013 by a well known San Diego architect. The location will attract both young professionals looking to live within walking distance to downtown but you can also...Rare Opportunity to own a practically brand new building in one of San Diego's most prestigious neighborhoods that generates enough income to have leveraged cash flow! Union 4 is that opportunity. Original historic house that has been renovated and still carries a Mills Act designation for lower property taxes along with 3 units built in 2013 by a well known San Diego architect. The location will attract both young professionals looking to live within walking distance to downtown but you can also operate the building as a Short Term Vacation Rental. The Penthouse 2BR suite is going to remain as a Vacation Rental which will allow an investor to decide how to operate it moving forward. Offered at a 4.13% cap with long term rentals this is easily one of the best opportunities in Southern CA considering the quality and location. Operated as a full time vacation rental the property has the potential to generate >$260,000 and over a 6% Cap Rate. In addition the current owners have worked with the city and there are approved plans for a 257 Sq Ft Accessory Dwelling Unit (ADU) that should generate an additional $24K to $28K of income. Do not miss this opportunity.
- Listed by Thomas McCartin • DRE #01427348 • Brokerage DRE #00530854 • Marcus & Millichap
Property Details for 2430 Union Street
Area
San Diego Downtown (92101)
NeighborhoodBankers Hill
CommunitySAN DIEGO
City Postal IDSAN DIEGO DOWNTOWN (92101)
Cross Street(s)Union & West Laurel
Location
LISTING UPDATED: 04/20/2022 01:21 PM
Property Details for 2430 Union Street
Status | Sold |
---|---|
MLS # | 220007137 |
Days on Market | 9 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 2013 |
Lot Size | 0.12 AC / 5,227 SF |
County | San Diego County |
Location
Building Information for 2430 Union Street
Stories3Residences-Year Built2013Building Size-Lot Size0.12 AC / 5,227 SF
Payment Calculator
$17,347 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2430 Union Street
Property History for 2430 Union 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.
Public Records for 2430 Union Street
Taxable ValueLand$571,008Additions$380,673Total$951,681
Tax Record2023$11,703 ($975 / month)
Home Facts
Total Finished SqFt3,401 SqFtAbove Grade Finished SqFt3,401 SqFtLot Size5,102 SqFtStyleMiscellaneous AgriculturalYear Built2013ZoningSPECIAL AND/OCountySAN DIEGOAPN533-062-05-00
Schools near 2430 Union Street
This home is within San Diego Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Charter - | 9 to 12 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
Washington Elementary School PublicK to 5 | ||
Roosevelt International Middle School Public6 to 8 | ||
King-Chavez Community High School Charter9 to 12 | ||
Museum 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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