4560 Winona Ave
San Diego, CA 92115
0.15 acres | #250024227SD
Description
Prime value-add + development opportunity in highly desirable Talmadge. This 6,600 SF RM-1-1 zoned lot currently features three units: a front duplex with one vacant 1bd/1ba and one 1bd/1ba rented at $1,170/month, plus a vacant detached 2bd/1ba house in the rear. Seller has fully approved permits in hand to demolish the rear house and construct 9 new units, while retaining and renovating the existing duplex—bringing the total to 11 rentable units. With two units currently vacant, new ownership can begin renovations and lease-up immediately. Projected pro forma cap rate of 7.5%. Located in a low-density, high-demand rental market with limited multifamily supply. Excellent access to I-8 and I-15 puts you minutes from Downtown, Mission Valley, Kensington, and the College Area. Rare opportunity to develop in one of San Diego’s most stable, appreciating infill neighborhoods.
Property Details
- MLS #250024227SD
- MLS #250024227SD
- Utility SourceSeeRemarks
- Utility FeaturesSeeRemarks
- Original List Price$1,395,000
- CountySan Diego
- Property TypePurchase
- SubdivisionTalmadge
- Cost1395000
- Acres0.1495
- Property SubtypeLand
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Miles Slater (#SAND-706137)
Listing Office: JLM Real Estate Inc (#SAND-991580)
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