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$1,299,900

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5,140 Sqft Lot

New

3671 Madison AVE San Diego, CA 92116

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Francisco "Paco" Licea

paco@pacotherealtor.com +1(951) 213-9131

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Normal Heights

MLS Listing ID TR26169750

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 1948

Lot Size 5,140 Sqft

Property Sub-Type Duplex

Property Description

Massive Cashflow Advantage: Seller offering full 2-1 interest rate buydown credit! Potentially save over $1300/month on your mortgage payment in year one! Located in highly desirable Normal Heights near Von's and Ward Canyon Park, this turnkey duplex is a premium asset for investors or house hackers. Exceptional rental strength with a combined $6,600/month gross income ($3,300 per unit), the finances pencil out at current interest rates. Let the seller buy down your rate and secure this financing advantage. $60K in kitchen, bath and plumbing upgrades. Unique design with each 2 bedroom/1 bath unit, 3671 Madison and 4569 Cherokee, facing a different street for added privacy. Two car detached garage with workshop and one additional outdoor parking space. Potential ADU opportunity. Also potential to convert to a single family property. Buyers to research alternatives. Central heat and air conditioning. Each unit has own washer/dryer. Separate utility meters for gas and electricity. Water metered electronically for each unit. Tenants responsible for all utilities plus water and trash. Abundant outdoor spaces with pavers and pea gravel for entertaining and pets. Kitchens and bathrooms remodeled in 2022. Electrical and plumbing upgrades by previous owner. Mature fruit trees including lemon and avocado. Quiet location. Fully fenced with private spaces for each unit.

Location

State CA

County San Diego

Area 92116 - Normal Heights

Rooms

Other Rooms Second Garage

Interior

Interior Features Ceiling Fan(s), Living Room Deck Attached, Storage

Heating Central, Natural Gas

Cooling Central Air, Electric, Gas

Fireplaces Type Bath, Electric, Gas, Kitchen, Living Room, Primary Bedroom, Outside

Fireplace Yes

Appliance Dryer, Washer

Laundry Inside, In Garage, Stacked

Exterior

Exterior Feature Barbecue

Parking Features Concrete, Door-Multi, Garage, Garage Door Opener, Deck, One Space, Workshop in Garage

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Biking, Curbs, Dog Park, Park, Suburban, Sidewalks

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N Yes

View Neighborhood

Roof Type Shingle

Total Parking Spaces 2

Private Pool No

Building

Lot Description 2-5 Units/Acre, Front Yard, Landscaped

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style Ranch

Level or Stories One

Additional Building Second Garage

New Construction No

Construction Status Updated/Remodeled,Turnkey

Others

Senior Community No

Tax ID 4470510200

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional, FHA 203(b), FHA 203(k), Government Loan, VA Loan

Listing Terms Cash, Conventional, FHA 203(b), FHA 203(k), Government Loan, VA Loan

Special Listing Condition Standard

Virtual Tour https://www.zillow.com/view-imx/b6dea041-285f-4664-b3e0-4fa707fedc3f?

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Listed by Jonathan Minerick Homecoin.com 888-400-2513, DRE #01523060

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Francisco "Paco" Licea

Broker Associate | License ID: 01337048

+1(951) 213-9131