3404 Russell St

San Diego, CA 92106 View Map $2,330,000 Ask a Question
Beds5
Baths5
Sold On5/13/2024
Year1939

MASIV Real Estate

(619) 878-3778

Ask a Question
Status: Sold
Property Type:Res Income 2-4 Units
MLS #:230020594
Date Sold:5/13/2024
County:San Diego

Listing Agent/Office

Agent:Nathan Winnett
Agent Phone:858-829-1204
Office:Exp Realty Of California, Inc.
GORGEOUS NEW DETACHED UNITS AVAILABLE NOW!!! Total projected annual rental income: $174,000.00 / Potential for higher income projected at $210,000/year if front house used as short-term rental. FRONT HOUSE: $5,500/month UNIT 1: $6,500/month UNIT 2: $2,800/month Three detached units, each separately metered. The front house is remodeled, 2-bed, 2-bath house with wood floors, new appliances, laundry room, and open kitchen-living room layout. It is Airbnb approved and is 1,190 square feet. The two additional units are brand new builds. UNIT 1 is 1119 sq ft, 3-bed/2-bath, and features beautiful views from the second floor facing southeast & west with bi-fold doors on both sides, decks, and wood floors throughout. UNIT 2 (Studio) also has wood floors throughout, stacked W/D, full kitchen and spacious bathroom. Conveniently located near beaches, Liberty Station, Little Italy, downtown, and restaurants. Rental Income: Overall, a lucrative investment property due to its location, views and amenities.

Variance granted for 2-4 units. Welcome to 3404 Russell St, San Diego, CA 92106! 3 Detached Units!!! This property offers a fully remodeled 2-bed, 2-bath front house with 1,190 sq ft on a corner lot with sunset and city light views. It features wood floors, new appliances, a full laundry room, and an open kitchen-living room layout. It is expected to yield $5,500 in rental income for investors. This property is an excellent investment opportunity or a comfortable owner-occupancy with 2 UNITS completely detached from the house to offset monthly mortgage. You'll be conveniently close to beaches, Liberty Station, Little Italy, downtown, and top restaurants and shops. The front house is Airbnb approved. Additionally, two new units will be completed by November 15th: Total projected rental income $174,000 a year!!! Front House: Full Remodel - 2 bed, 2 bath house 1190 sq ft. Views of evening lights. Laundry room and large front yard for entertaining. Rental income of 5,500 a month. Unit 1: New Construction - A 3-bed, 2-bath unit with 1,119 sq ft and stunning views. It includes two decks with bifold doors and wood floors throughout, with a projected rental income of $6,500 per month. Views to Pacific Beach and La Jolla. Unit 2: New Construction - A Studio with wood floors, ideal for rental adjacent to Unit 1 $2,500 per month.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
11/29/2023$2,499,000$2,450,000-2%
1/29/2024$2,449,000$2,399,000-2%
5/13/2024$2,399,000$2,330,000-2.9%

Community Information

Address:3404 Russell St, San Diego, CA 92106
Area:Point Loma (92106)
County:San Diego
City:San Diego
Area (MLS Code):Coastal South
Subdivision:Loma Portal
Zip Code:92106
Community:SAN DIEGO

Architecture

Bedrooms: 5
Bathrooms: 5
Year Built:1939
Exterior: Stucco
Unit 1: 1 bath
Unit 2: 3 beds, 2 baths
Unit 3: 2 beds, 2 baths
Roof: Composition

Features / Amenities

View: Bay, City, Evening Lights, Mountains/Hills, Valley/Canyon
Cooling: Central Forced Air
Water Heater: 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
Topography: Level
Water: Meter on Property
Fencing: Full

Tax and Financial Info

Gross Sched Income Projected: $174, 000
Annual Expense Projected: $24, 000
Cap Rate Projected: $6
Terms: Cash, Conventional, FHA, VA

Schools

WALKING AND TRANSPORTATION

0
Wait...
Walk Score ®
0
Wait...
Transit Score ®
0
Wait...
Bike Score ®
Please wait while loading...