4379-4383 Montalvo St #0, San Diego, California
4379-4383 Montalvo St #0, San Diego, California 92107 - The subject property has an existing 3 units (1 front house and 2 units on the rear building) and situated between the streets of Valeta & Montalvo. Current rents of all the units are below the market. This is a rare development opportunity to acquire a piece of property that has approved plans in place. The approved plans with conditions received from the City of San Diego allows to build 9 units with underground parking. This is a Probate sale. See Supplement. The approved plans is composed of 6 two-story townhomes and 3 flats on the third level. This property gives the potential owner the opportunity to build the approved plans and sell after completion or hold and run as apartments to enjoy the income and appreciation of a piece of real estate in a rapidly growing area. It also gives the potential owner the option to sell later on the completed 9 units as an apartment or sell each unit individually as condos.
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Listing Courtesy of Keller Williams Carmel Valley
“In addition to Eugene's top quality professional skills, he was also proactive in preparing each step of the transaction from offer, to negotiation to inspection and close. He provided excellence throughout the transaction and continues to assist by answering questions and putting us in touch with the right people as we settle into our new home. He was fantastic to work with.”