Sold

2938 Beech St

San Diego CA, 92102

$2,450,000


$692.48 per sqft

Sold

7 Beds

5 Baths

3,538 sqft

Multi-family

Built in 2023

Located on the corner of Beech & Dale St in the heart of the highly coveted South Park neighborhood, this turn key asset sits caddy corner to Harland Brewing tasting room, 1 block from restaurants including Buona Forchetta, 1 block from Albert Einstein Charter Academy and a couple blocks to Balboa Park. Finished a full scale renovation last year on the existing duplex with designer finishes while preserving the character from this early 1900's gem. Renovation included replacing all the plumbing an electrical. Additionally, current ownership just completed ground up construction on a new 722 SF detached 2-BD ADU and is awaiting installation of solar panels to pass final inspection (expected in September). Rent for the ADU is anticipated to be $4,000/mo. Live in one and rent the other two units or own as a pure investment property in a strong rental demand market. Could also serve as an excellent short-term rental. The tenants of the 3 BD unit are interested in moving into the ADU so this unit could be available to live in. Each unit in the duplex have their own private decks and fenced in yards. The operating costs are very low given the property condition and all utilities are covered by tenants. Not to mention 8-panel solar on the ADU which minimizes its electric costs. 3-BD 1,530 SF duplex unit leased at $5,000/mo. 2-BD 1,286 duplex unit leased at $4,300/mo. 2 off street parking spots.

230015631

MLS ID

August 11, 2023

Listed

February 15, 2024

Updated

Map

2938 Beech St
San Diego CA, 92102

Interior Features

Total Stories

2


Bedrooms

7


Total Bathrooms

5


Appliances

Gas Water Heater, Dishwasher, Range/Oven, Refrigerator, Dryer, Washer


Laundry Description

Unit 1 Hookups, Unit 2 Hookups, Unit 3 Hookups


Fireplace

Yes


Cooling

Yes


Cooling Description

Other/Remarks


Heating

No

Exterior/Building Features

Lot Size

0.12 Acres


Lot Features

Corner Lot, Sidewalks


Roof

Rolled/Hot Mop

Other Property Details

Area Name

Metro Central


Days on Market

19


Garage

No


View

No


County

San Diego


Water Source

Meter on Property


Pool

No


Zoning

R-2:MINOR


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

9/16/2023

Price Change

$2,450,000

-2%

9/16/2023

Sold

$2,450,000

9/8/2023

Pending

Listed by Westview Realty, Rob Perkins,
Listing Contact: 858-437-2976 

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