311 San Elijo, Point Loma (Pt Loma), CA 92106

$2,450,000
Sold Price
$2,450,000
List Price
$2,395,000
Closing Date
Apr 11, 2024
Status
CLOSED
MLS#
240004660SD
Year Built
1952
Lot Size
7,500
Acres
0.17
Lot Location
Sprinkler System
Days on Market
10
Property Type
Multifamily
Stories
Multi Level
Neighborhood
Point Loma

Property Description

***The Price You Have Been Waiting For***Purchased in 2022 For $2,425,000 + $400,000 Remodel /Upgrades***$2,825,000 Investment ***Listed $430,000 Less Than Cost At $2,395,000***Motivated***San Diego Bay* Harbor *Ocean*Coronado *Mexico Sit Down Views***La Playa***The Crown Jewel Of Point Loma***Three On One 7,500 Sq Ft (50x150) Parcel Zoned RM-3-9***Potential For Up to 13 Units***FAR Of 2.7***Up to 25 Units Would Be Possible If Affordable Housing Was Desired*** Turn Key 2230 Sq Ft Mid Century * Two One Bedroom One Bathroom 588 Sq Ft Single Story Living***One Two Bedroom One Bathroom 1054 Sq Ft***Two Large Oversized Two Car Garages***Yard & Patios ***Common Area Laundry***Live In One Rent Two Short Term AirBNB or Two Long Term**Rent All Three Long Term Or All Three Short Term AirBNB***So Much Potential & Opportunity***Enjoy The Benefits Of Ownership With Over a Quarter Million Of Remodel Just Completed***Seller Financing @5% Available for up to $1,000,000*** ***The Price You Have Been Waiting For***Purchased in 2022 For $2,425,000 + $400,000 Remodel /Upgrades***$2,825,000 Investment ***Listed $430,000 Less Than Cost At $2,395,000***Motivated***San Diego Bay* Harbor *Ocean*Coronado *Mexico Sit Down Views***La Playa***The Crown Jewel Of Point Loma***Three On One 7,500 Sq Ft (50x150) Parcel Zoned RM-3-9***Potential For Up to 13 Units***FAR Of 2.7***Up to 25 Units Would Be Possible If Affordable Housing Was Desired*** Turn Key 2230 Sq Ft Mid Century * Two One Bedroom One Bathroom 588 Sq Ft Single Story Living***One Two Bedroom One Bathroom 1054 Sq Ft***Two Large Oversized Two Car Garages***Yard & Patios ***Common Area Laundry***Live In One Rent Two Short Term AirBNB or Two Long Term**Rent All Three Long Term Or All Three Short Term AirBNB***So Much Potential & Opportunity***Enjoy The Benefits Of Ownership With Over a Quarter Million Of Remodel Just Completed***Seller Financing @5% Available for up to $1,000,000***

Additional Information

Appliances
Gas Water Heater
Pool Description
None
Heat
Natural Gas
Cooling Description
None
View
Bay, Ocean
Roof
Composition
Attached Structure
Detached
Number Of Units Total
3
Gross Scheduled Income
$98,280

Listing courtesy of Listing Agent: Robert Antoniadis (robert@robertrealtysd.com) from Listing Office: Robert Realty.

Listing sold by Salvatore DeMaria from Coldwell Banker Realty

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.