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3054-56 J St 3054-56 J St

2 Unit Block of Flats £587,475 (£293,737/Unit) San Diego, CA 92102

Investment Highlights

  • RM-1-1 zoning and located within SDA
  • Spacious lot at almost 7,000 sq ft
  • Prime value-add opportunity

Executive Summary

This property features two 2-bedroom, 1-bathroom units on a spacious 6,850 sq ft lot, with RM 1-1 zoning and located within SDA. Whether you’re interested in upgrading the current units or exploring new development, the potential for adding value is substantial.
Located in Grant Hill, this property offers easy access to major freeways, public transportation, shopping, and dining. It is also close to top attractions like Balboa Park, downtown San Diego, and the waterfront, making it an appealing location for tenants seeking convenience and a vibrant lifestyle. The lot size and zoning provide flexibility for investors to expand, redevelop, or enhance the property to meet the growing demand for housing in the area.

Financial Summary (Pro forma - 2024)

Annual Annual Per SF
Gross Rental Income £43,238 £32.86
Other Income - -
Vacancy Loss £1,297 £0.99
Effective Gross Income £41,941 £31.87
Taxes £7,050 £5.36
Operating Expenses £9,030 £6.86
Total Expenses £16,080 £12.22
Net Operating Income £25,861 £19.65

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual £43,238
Annual Per SF £32.86
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual £1,297
Annual Per SF £0.99
Effective Gross Income
Annual £41,941
Annual Per SF £31.87
Taxes
Annual £7,050
Annual Per SF £5.36
Operating Expenses
Annual £9,030
Annual Per SF £6.86
Total Expenses
Annual £16,080
Annual Per SF £12.22
Net Operating Income
Annual £25,861
Annual Per SF £19.65

Property Facts In Escrow

Price £587,475
Price Per Unit £293,737
Sale Type Investment
No. Units 2
Property Type Residential
Property Subtype Apartment
Apartment Style Single Family Home
Building Class C
Lot Size 0.16 AC
Building Size 1,316 SF
Number of Floors 1
Year Built 1964
Opportunity Zone Yes

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+1 2 £979.12 -
Walk Score ®
Very Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code RM-1-1 & SDA
RM-1-1 & SDA
  • Listing ID: 33333364

  • Date on Market: 27/09/2024

  • Last Updated:

  • Address: 3054-56 J St, San Diego, CA 92102

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