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Rachell Lara

rachell@laraandco.com +1(619) 316-7445

$ 900,000

Est. payment | -/mo

3 Beds

3 Baths

1,586 SqFt

Save Virtual Tour

$ 900,000

Est. payment | -/mo

Save Virtual Tour

3 Beds

3 Baths

1,586 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,586 sqft

Price per Sqft $567

MLS Listing ID PTP2602772

Bedrooms 3

Full Baths 3

HOA Y/N No

Year Built 1935

Lot Size 8,276 Sqft

Lot Dimensions Assessor

Property Sub-Type Single Family Residence

Property Description

3 incomes built into one property! Fully renovated & permitted garage conversion (ADU) Discover an extraordinary investment opportunity at 916 Madera St, where three income-generating units converge into one unique property, all for under $1 million. This thoughtfully designed asset offers the potential for over $6,000 in monthly income, positioning it as an exceptional choice for both owner-occupants and savvy investors. With options to live in one unit while renting out the others, or lease all three for maximum cash flow, flexibility is at your fingertips. The property features a recent garage conversion, pending final city approval, enhancing its attractiveness in a low vacancy area. Spanning a generous .19-acre lot, this residence not only provides a home but also allows you to offset your mortgage with additional rental income. Why pay homeowner association fees when you can enjoy the benefits of being both a homeowner and a landlord? Seize this unique opportunity to elevate your financial future; properties like this are rare and will not remain on the market for long.

Location

State CA

County San Diego

Area 92114 - Encanto

Zoning R-1:SINGLE FAM-RES

Interior

Cooling See Remarks, Wall/Window Unit(s), Zoned

Fireplaces Type None

Fireplace No

Laundry Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Pool None

Community Features Biking, Curbs, Dog Park, Foothills, Gutter(s), Park, Storm Drain(s), Street Lights, Suburban, Sidewalks

View Y/N Yes

View Hills, Neighborhood

Total Parking Spaces 2

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Back Yard, Corner Lot, Front Yard, Landscaped, Level, No Landscaping, Near Public Transit, Yard

Story 1

Entry Level One

Sewer Public Sewer

Level or Stories One

Schools

School District San Diego Unified

Others

Senior Community No

Tax ID 5442012200

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2602772

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Andrew Santiago Real Broker 619-758-5707, DRE #01975921

NEARBY SCHOOL & BUSINESS

+1(619) 316-7445

rachell@laraandco.com

1420 Kettner Blvd. # 100, Diego, CA, 92101, USA

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San Diego Cities & Communities

916 Madera ST San Diego, CA 92114