2778 Island Avenue

San Diego, CA 92102

$878,988
Price
6
Beds
4
Baths
2,313 Sq. Ft.
$380 / Sq. Ft.
2,313
Sq. Ft.
$380
per Sq. Ft.

Description

3 units Below Market Value ! Huge Opportunity for high vacation rental income! Beautiful style craftsman Two bedroom two bath with optional third bedroom house with 2 detached manufactured homes that are in process being permitted as Accessory Dwelling Units. Plans have been submitted to the city of SD to be permitted as 2 ADUs. Perfect opportunity for cash investor or general contractor to rehab and update interior on 2 adu units. Minutes to downtown San Diego. 1# unit 2 bedroom 1 bath 2# unit 2...3 units Below Market Value ! Huge Opportunity for high vacation rental income! Beautiful style craftsman Two bedroom two bath with optional third bedroom house with 2 detached manufactured homes that are in process being permitted as Accessory Dwelling Units. Plans have been submitted to the city of SD to be permitted as 2 ADUs. Perfect opportunity for cash investor or general contractor to rehab and update interior on 2 adu units. Minutes to downtown San Diego. 1# unit 2 bedroom 1 bath 2# unit 2 bedroom 1 bath. Zoned for a Potential third bonus adu affordable unit. New permitted owned Solar system The adu homes are fixers and need rehabbing. No Va , conventional or FHA financing. Cash or hard money only Tax records show 938 ft.² for the main single-family detached. Per appraiser with bonus room is 1138 ft.² The permit status is unknown and total square footage for bonus room is unverified by seller. These units are in the Opportunity Zone time! Also in the High Transit,Overlay and Promise zones. The price is firm , so do contact me with any intent to offer less. Cash price is List price . Seller is a licensed a real estate agent
  1. Listed by Jim Majeski • DRE #01333737 • Premier Realty Associates

Property Details for 2778 Island Avenue

Area
San Diego (92102)
Neighborhood
Grant Hill
Community
SAN DIEGO
City Postal ID
SAN DIEGO (92102)
Cross Street(s)
28th

Location

Listing Courtesy of Premier Realty Associates, Jim Majeski, DRE #01333737
Add your commute
LISTING UPDATED: 05/01/2024 06:07 PM

Property Details for 2778 Island Avenue

StatusActive
MLS #240008475
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1929
Lot Size-
CountySan Diego County

Location

Listing Courtesy of Premier Realty Associates, Jim Majeski, DRE #01333737
Add your commute

Building Information for 2778 Island Avenue

Stories1Residences-Year Built1929Building Size-Lot Size-

Payment Calculator

$5,535 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,797

Property Taxes

$738

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2778 Island Avenue

Summary Information
Property and Location
  • System ID: 240008475
  • Class: 2-4 UNITS
  • Levels: 1 Story
  • Year Built: 1929
  • Street Number Numeric: 2778
  • Street Name: Island Ave
  • Age Restrictions: N/K
  • Market Area: Metro Central
HOA and Fees
  • Monthly Total Fees: $0
  • CFD/Mello-Roos Fee: $0
  • Other Fees: $0
Interior and Exterior Features
Interior Features
  • Num of Units w/Dishwashers: 1
  • Num of Units w/Cooling: 1
  • Cooling: Central Air
Exterior Features
  • Exterior: Wood/Stucco, Other/Remarks
  • Roof: Composition, Other/Remarks
  • Fencing: Full
  • Security: 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
  • Zoning: RM-1
  • Complex/Park: N/A
  • Assessors Parcel Num: 535-322-16-00
Multi Family Information
Unit 1
  • Unit Num for Unit 1: 2778
  • Unit 1 Num of Bedrooms: 2
  • Unit 1 Num of Total Baths: 2
  • Unit 1 Deposit: $3,500
  • Unit 1 Estimated SqFt: 1,138
  • Unit 1 Exclusive Use Yard: Yes
  • Unit 1 Laundry Hook Ups: Yes
  • Unit 1 Occupied: Vacant
  • Unit 1 Projected Rent: $3,500
  • Unit 1 Rent Actual: $0
Unit 2
  • Unit Num for Unit 2: 2780 -1
  • Unit 2 Num of Bedrooms: 2
  • Unit 2 Num of Total Baths: 1
  • Unit 2 Deposit: $2,800
  • Unit 2 Estimated SqFt: 784
  • Unit 2 Exclusive Use Yard: No
  • Unit 2 Laundry Hook Ups: Yes
  • Unit 2 Occupied: Vacant
  • Unit 2 Projected Rent: $2,800
  • Unit 2 Rent Actual: $0
Unit 3
  • Unit Num for Unit 3: 2780-2
  • Unit 3 Num of Bedrooms: 2
  • Unit 3 Num of Total Baths: 1
  • Unit 3 Deposit: $2,000
  • Unit 3 Estimated SqFt: 391
  • Unit 3 Exclusive Use Yard: No
  • Unit 3 Laundry Hook Ups: No
  • Unit 3 Occupied: Vacant
  • Unit 3 Projected Rent: $2,000
  • Unit 3 Rent Actual: $0
Unit 4
  • Unit 4 Num of Total Baths: 0

Property History for 2778 Island Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2778 Island Avenue

Taxable ValueLand$421,260Additions$299,125Total$720,385
Tax Record2023$8,860 ($738 / month)
Home Facts
Beds2Total Finished SqFt1,722 SqFtAbove Grade Finished SqFt1,722 SqFtLot Size7,196 SqFtStyleSingle Family ResidenceYear Built1929ZoningR-2:MINOR MULCountySAN DIEGOAPN535-322-16-00

Schools near 2778 Island Avenue

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Charter - K to 3
Rating
School
Distance
Kimbrough Elementary School
PublicK to 5

King-Chavez Preparatory Academy
Charter6 to 8

Garfield High School
Public9 to 12

King-Chavez Primary Academy
CharterK to 3

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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2778 Island Avenue is a multi-family home for sale in San Diego, CA 92102. This property was listed for sale on April 18, 2024 by Premier Realty Associates, it's currently listed at $878,988. It has been on the market for a total of 9 days and was last sold on March 17, 2021. This listing's school district is San Diego Unified School District. Nearby schools include Kimbrough Elementary School, King-Chavez Preparatory Academy and Garfield High School. 2778 Island Avenue is a 6-bed, 4-bath, 2,313 sqft multi-family home built in 1929.

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Listing Courtesy of Premier Realty Associates, Jim Majeski, DRE #01333737

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