1725 Edgemont St - Apartments FOR SALE


San Diego, CA 92102- South Park
$1,995,000 USD
858-336-9688
1725 Edgemont St, San Diego, CA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/70
null | 3.5% Cap Rate

1725 Edgemont St
San Diego, CA 92102
South Park


HIGHLIGHTS

  • Assumable VA loan at 3%, $1.676M loan balance remaining
  • Turnkey
  • Owner can transfer Airbnb supplies to new owner at no cost

OVERVIEW

This fully renovated triplex at 1725-35 Edgemont St in San Diego’s desirable South Park neighborhood offers an exceptional investment opportunity with strong rental income potential and an assumable VA loan at 3.875%. The property includes three units: a detached 3BD/1.5BA rented for $4,150/month to great tenants, a 2BD/2BA currently occupied by the owner, and a 2BD/1BA operating as a successful Airbnb, generating $60K/year (after Airbnb fees and transient occupancy taxes). Recent updates include new appliances, electrical panels, a complete rewire for the 2bd units, AC/heat in all units, separate washers/dryers, dual-pane windows, a new large Tuffshed, turf and hardwood fencing for the front yard, and fresh exterior paint. With an asking price of $1,995,000 and a remaining VA loan balance of $1.676M, this property is perfect for an owner-occupier looking to live in one unit and rent the others, or for investors seeking a steady income stream. South Park is a vibrant, central area of San Diego, known for its charming atmosphere, local shops, and easy access to all the city has to offer. OM attached

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$829 USD /SF

# OF UNITS

3

PRICE/UNIT

$665,000

CAP RATE

3.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1725-35 Edgemont St San Diego, CA 92102

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1933

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,387 SF

ZONING

RS-1-7

APN/PARCEL ID

539-306-05,539-306-05-00

ASK ABOUT THIS PROPERTY

Jason LeeJLM Real Estate Inc.More Info
858-336-9688

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Jason LeeJLM Real Estate Inc.More Info
858-336-9688

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.