1833-37 Fern St

San Diego, CA 92102 View Map $2,999,999 Schedule a Tour
Beds7
Baths6
Sq.Ft.4,859
Year2023
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Status: Active
Property Type:Res Income 2-4 Units
MLS #:230014564
Sq. Feet:4,859
On Site:30 Days
County:San Diego

Listing Agent/Office

Agent:Leslie Duvernay
Agent Phone:619-554-8520
Office:Compass
VA 100% Financing OK! Welcome to this stunning five-unit property (3 Units + 2 ADUs) in the charming and very walkable South Park neighborhood of San Diego. This property consists of 5 Units Total: 1833 Fern is a 4 bed 3 bath Single Family home, 1835 Fern Units A & B is a top/bottom duplex identical 1 bd 1 ba's, and 2 new construction ADUs both identical 1bd 1ba's. This is an excellent opportunity for an owner-occupant or a savvy investor. Once stabilized, this property could bring in upwards of $14,000+ in gross rents or push that further by having a mix of short-term and long-term rentals. With South Park's amazing location and with the combination of short-term and long-term rentals, this property could reach gross rents of upwards of $20,000+ per month. With a location that is second to none, you can walk to everything South Park offers, including amazing restaurants, fun events, a food truck park, Target Express, more shopping, bars, parks, hiking trails, the zoo, and even the airport. Strategic financing options available for owner-occupied and non-owner-occupied purchasers - VA and DSCR financing are available!

1833 Fern St: SFR with 4 Bedrooms + 3 Bathrooms, 1640 SF, 2 side-by-side uncovered parking spaces, Central AC/Heat - 1835 Fern St. Unit A: 1st floor, 1 bedroom + 1 bathroom, 750 SF + 1 off-street uncovered parking - 1835 Fern St. Unit B: 2nd floor, 1 bedroom + 1 bathroom, 750 SF, + 2 tandem style off-street uncovered parking spaces - The new construction ADUs, side by side 2 story "row home style" 1 bedroom + 1 bathroom, AC/Heat, 565 SF, no parking spaces, 1 unit enters alley side, 1 unit enters on the Fern St. Side.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:1833-37 Fern St, San Diego, CA 92102
County:San Diego
Area (MLS Code):Metro Central
Subdivision:South Park
Zip Code:92102

School Information

Architecture

Bedrooms: 7
Bathrooms: 6
Year Built:2023
Stories:2
Exterior: Stucco
Total Stories: 2
Unit 1: 4 beds, 3 baths. Rent: $3200.0
Unit 2: 1 bed, 1 bath. Rent: $1350.0
Unit 3: 1 bed, 1 bath. Rent: $1350.0
Unit 4: 1 bed, 1 bath. Rent: $2300.0
Roof: Composition

Features / Amenities

View: City, Evening Lights, Valley/Canyon
Cooling: Central Forced Air, Wall/Window
Heating: Fireplace, Forced Air Unit, Wall/Gravity
Heat Source: Electric, Natural Gas
Water Heater: Electric, Gas, Tankless

Rooms

Dimensions
Master
Bedroom 2
Bedroom 3
Bedroom 4
Bedroom 5
Breakfast Area
Dining Room
Kitchen
Living Room
Family Room
Extra Room 1
Extra Room 2
Extra Room 3

Property Features

Lot Dimensions:4,000-7,499 SF
Site: Alley Access, Public Street, Street Paved
Topography: Level
Water: Meter on Property
Sewer: Sewer Connected
Fencing: Full
Zoning:RM 3-5
Directions:30th St turns into Fern St. - Intersection for the alley access is at Fern & Fir St.

Tax and Financial Info

Gross Sched Income Actual: $79, 050
Gross Sched Income Projected: $166, 800
Annual Expense Actual: $3, 330
Annual Expense Projected: $5, 550
Cap Rate Actual: $2.30
Cap Rate Projected: $4.90
Tenant Pays: Sewer, Water, Electricity, Gas/Propane
Terms: Cash, Conventional, Exchange, VA

Schools

WALKING AND TRANSPORTATION

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1833-37 Fern St San Diego,  CA 92102
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1833-37 Fern St San Diego, CA 92102
 
ASAP
Mon
27
May
Tue
28
May
Wed
29
May
Thu
30
May
Fri
31
May
Sat
1
Jun
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2
Jun
Choose Your Date -- It's Free, Cancel Anytime
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