We are pleased to present the opportunity to acquire 979 Laurel Street, San Diego, CA 92101, located in the heart of Little Italy. Two income-producing units plus a garage that can be converted for additional income. Perfect investment for a 1031 exchange. Both units are fully remodeled. This duplex can be utilized for a variety of different investment options. Can operate as one unit or independently and also can be used as a work / live space. Current short-term rental restrictions allow for one unit to automatically gain a short-term rental license while the other unit is occupied either by the owner or long-term tenant. A total of 2,200 SF with updated amenities and move-in ready. Just minutes from the airport, walkable to bars, restaurants and the bay, this location can’t be beat. The project location, strong market fundamentals and lack of new inventory should lead to a stable cash-flow.
DAYS ON MARKET
|
125
|
LAST UPDATED
|
8/16/2023
|
TRACT
|
Little Italy
|
YEAR BUILT
|
2007
|
COMMUNITY
|
SAN DIEGO DOWNTOWN
|
COUNTY
|
San Diego
|
STATUS
|
Sold
|
PROPERTY TYPE(S)
|
Residential Income
|
Prior to Aug 16, '23
|
$1,599,000
|
Aug 16, '23 - Today |
$1,537,000 |
AIR |
Central Forced Air |
AIR CONDITIONING |
Yes |
AREA |
SAN DIEGO DOWNTOWN |
LOT |
1059 sq ft |
STORIES |
3 |
SUBDIVISION |
Little Italy |
Listed with Compass
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