3404 Russell Street

San Diego, CA 92106

$2,399,000
Price
5
Beds
5
Baths
2,709 Sq. Ft.
$886 / Sq. Ft.
2,709
Sq. Ft.
$886
per Sq. Ft.

Description

Gorgeous new detached units available now! Total projected annual rental income: $174,000.00 / Potential for higher income projected at $210,000/year if front house used as short-term rental. FRONT HOUSE: $5,500/month UNIT 1: $6,500/month UNIT 2: $2,800/month Three detached units, each separately metered. The front house is remodeled, 2-bed, 2-bath house with wood floors, new appliances, laundry room, and open kitchen-living room layout. It is Airbnb approved and is 1,190 square feet. The two additional...Gorgeous new detached units available now! Total projected annual rental income: $174,000.00 / Potential for higher income projected at $210,000/year if front house used as short-term rental. FRONT HOUSE: $5,500/month UNIT 1: $6,500/month UNIT 2: $2,800/month Three detached units, each separately metered. The front house is remodeled, 2-bed, 2-bath house with wood floors, new appliances, laundry room, and open kitchen-living room layout. It is Airbnb approved and is 1,190 square feet. The two additional units are brand new builds. UNIT 1 is 1119 sq ft, 3-bed/2-bath, and features beautiful views from the second floor facing southeast & west with bi-fold doors on both sides, decks, and wood floors throughout. UNIT 2 (Studio) also has wood floors throughout, stacked W/D, full kitchen and spacious bathroom. Conveniently located near beaches, Liberty Station, Little Italy, downtown, and restaurants. Rental Income: Overall, a lucrative investment property due to its location, views and amenities. Variance granted for 2-4 units. Welcome to 3404 Russell St, San Diego, CA 92106! 3 Detached Units! This property offers a fully remodeled 2-bed, 2-bath front house with 1,190 sq ft on a corner lot with sunset and city light views. It features wood floors, new appliances, a full laundry room, and an open kitchen-living room layout. It is expected to yield $5,500 in rental income for investors. This property is an excellent investment opportunity or a comfortable owner-occupancy with 2 UNITS completely detached from the house to offset monthly mortgage. You'll be conveniently close to beaches, Liberty Station, Little Italy, downtown, and top restaurants and shops. The front house is Airbnb approved. Additionally, two new units will be completed by November 15th: Total projected rental income $174,000 a year! Front House: Full Remodel - 2 bed, 2 bath house 1190 sq ft. Views of evening lights. Laundry room and large front yard for entertaining. Rental income of 5,500 a month. Unit 1: New Construction - A 3-bed, 2-bath unit with 1,119 sq ft and stunning views. It includes two decks with bifold doors and wood floors throughout, with a projected rental income of $6,500 per month. Views to Pacific Beach and La Jolla. Unit 2: New Construction - A Studio with wood floors, ideal for rental adjacent to Unit 1 $2,500 per month.
  1. Listed by Nathan Winnett • DRE #01320737 • Brokerage DRE #01878277 • eXp Realty of California, Inc.
  2. Listed by Vanessa D Peraza Virissimo • DRE #02024331 • Brokerage DRE #02187306 • eXp Realty of Southern California, Inc.

Property Details for 3404 Russell Street

Area
Point Loma (92106)
Neighborhood
Loma Portal
Community
SAN DIEGO
View Description
Bay, City, Evening Lights, Mountains/Hills, Valley/Canyon
City Postal ID
POINT LOMA (92106)
Cross Street(s)
Plum

Location

Listing Courtesy of eXp Realty of California, Inc., Nathan Winnett, DRE #01320737; eXp Realty of Southern California, Inc., Vanessa D Peraza Virissimo, DRE #02024331
Add your commute
LISTING UPDATED: 04/25/2024 04:14 PM

Property Details for 3404 Russell Street

StatusPending
MLS #230020594
Days on Market158
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1939
Lot Size-
CountySan Diego County

Location

Listing Courtesy of eXp Realty of California, Inc., Nathan Winnett, DRE #01320737; eXp Realty of Southern California, Inc., Vanessa D Peraza Virissimo, DRE #02024331
Add your commute

Building Information for 3404 Russell Street

Stories-Residences-Year Built1939Building Size-Lot Size-

Payment Calculator

$14,334 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,092

Property Taxes

$1,242

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3404 Russell Street

Summary Information
Property and Location
  • System ID: 230020594
  • Class: 2-4 UNITS
  • Levels: Other/Remarks
  • Year Built: 1939
  • Street Number Numeric: 3404
  • Street Name: Russell St
  • Age Restrictions: N/K
  • Market Area: Coastal South
HOA and Fees
  • Home Owner Fees: $0
  • Monthly Total Fees: $0
  • CFD/Mello-Roos Fee: $0
  • Other Fees: $0
Virtual Tour
Supplement
  • Supplement: Variance granted for 2-4 units. Welcome to 3404 Russell St, San Diego, CA 92106! 3 Detached Units!!! This property offers a fully remodeled 2-bed, 2-bath front house with 1,190 sq ft on a corner lot with sunset and city light views. It features wood floors, new appliances, a full laundry room, and an open kitchen-living room layout. It is expected to yield $5,500 in rental income for investors. This property is an excellent investment opportunity or a comfortable owner-occupancy with 2 UNITS completely detached from the house to offset monthly mortgage. You'll be conveniently close to beaches, Liberty Station, Little Italy, downtown, and top restaurants and shops. The front house is Airbnb approved. Additionally, two new units will be completed by November 15th: Total projected rental income $174,000 a year!!! Front House: Full Remodel - 2 bed, 2 bath house 1190 sq ft. Views of evening lights. Laundry room and large front yard for entertaining. Rental income of 5,500 a month. Unit 1: New Construction - A 3-bed, 2-bath unit with 1,119 sq ft and stunning views. It includes two decks with bifold doors and wood floors throughout, with a projected rental income of $6,500 per month. Views to Pacific Beach and La Jolla. Unit 2: New Construction - A Studio with wood floors, ideal for rental adjacent to Unit 1 $2,500 per month.
Interior and Exterior Features
Interior Features
  • Num of Units w/Dishwashers: 3
  • Num of Units w/Cooling: 3
  • Cooling: Central Air
  • Water Heater Type: Gas, Tankless
Exterior Features
  • Exterior: Stucco
  • Roof: Composition
  • Fencing: Full
  • Security: N/K
Property Information
Property and Assessments
  • Entry Only: No
  • Lot Size: 4,000-7,499 SF
  • Lot Size Source: Assessor Record
  • Frontage: N/K
  • Topography: Level
  • Complex/Park: 0
  • Assessors Parcel Num: 450-012-04-00
Utilities
  • Water: Meter on Property
Multi Family Information
Unit 1
  • Unit Num for Unit 1: 2036
  • Unit 1 Num of Bedrooms: 0
  • Unit 1 Num of Total Baths: 1
  • Unit 1 Deposit: $2,500
  • Unit 1 Estimated SqFt: 400
  • Unit 1 Exclusive Use Yard: Yes
  • Unit 1 Laundry Hook Ups: Yes
  • Unit 1 Occupied: Vacant
  • Unit 1 Projected Rent: $2,500
  • Unit 1 Rent Actual: $0
Unit 2
  • Unit Num for Unit 2: 2038
  • Unit 2 Num of Bedrooms: 3
  • Unit 2 Num of Total Baths: 2
  • Unit 2 Deposit: $6,500
  • Unit 2 Estimated SqFt: 1,119
  • Unit 2 Exclusive Use Yard: Yes
  • Unit 2 Laundry Hook Ups: Yes
  • Unit 2 Occupied: Vacant
  • Unit 2 Projected Rent: $6,500
  • Unit 2 Rent Actual: $0
Unit 3
  • Unit Num for Unit 3: 3404
  • Unit 3 Num of Bedrooms: 2
  • Unit 3 Num of Total Baths: 2
  • Unit 3 Deposit: $5,500
  • Unit 3 Estimated SqFt: 1,190
  • Unit 3 Exclusive Use Yard: Yes
  • Unit 3 Laundry Hook Ups: Yes
  • Unit 3 Occupied: Owner
  • Unit 3 Projected Rent: $5,500
  • Unit 3 Rent Actual: $0
Unit 4
  • Unit 4 Num of Total Baths: 0

Property History for 3404 Russell Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3404 Russell Street

Taxable ValueLand$1,101,600Additions$112,200Total$1,213,800
Tax Record2023$14,904 ($1,242 / month)
Home Facts
Beds3Total Finished SqFt1,119 SqFtAbove Grade Finished SqFt1,119 SqFtLot Size5,000 SqFtStyleSingle Family ResidenceYear Built1939ZoningR-1:SINGLE FACountySAN DIEGOAPN450-012-04-00

Schools near 3404 Russell Street

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Loma Portal Elementary School
PublicK to 4

Dana
Public5 to 6

Correia Middle School
Public7 to 8

Point Loma High School
Public9 to 12

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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Listing Courtesy of eXp Realty of California, Inc., Nathan Winnett, DRE #01320737; eXp Realty of Southern California, Inc., Vanessa D Peraza Virissimo, DRE #02024331

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