Variance granted 2-4 Units: A rare coastal investment opportunity combining two substantial residences, exceptional parking, sophisticated design, and multiple income-producing strategies. This distinctive Point Loma property offers a 2,276-square-foot primary residence with 4 bedrooms and 2.5 bathrooms, complemented by a completely separate 1,200-square-foot second residence/ADU with 3 bedrooms and 2 bathrooms. The configuration creates exceptional flexibility for an investor, owner-user, multigenerational household, or buyer seeking to offset ownership costs with rental income. The property's two-residence layout provides multiple potential strategies, including renting both residences, living in one while leasing the other, multigenerational living, extended-stay accommodations, or maintaining a dedicated second residence for family, guests, or a home-based business, subject to applicable regulations and requirements. The separation between the residences enhances privacy while creating a compelling combination of lifestyle utility and investment potential. The 2,276-square-foot main residence showcases elevated modern design with subtle mid-century influences, expansive windows, soaring ceilings, rich wood flooring, dramatic full-height tiled feature walls, quartz countertops, and a sophisticated palette of walnut, white oak, crisp white, and bold black cabinetry. The kitchen features sleek designer appliances, a Blanco sink, and an oversized island designed for entertaining, casual dining, and everyday living. See Supplemental RemarksMore details
Welcome to a rare, turnkey 4-unit opportunity in the heart of Fairmount Village, where modern design meets smart investment potential. Property has 5.45% Cap Rate, 15.53 GRM, $525,00 a door at $662 SF. Every unit comes with parking with a 1 to 1 parking ratio. Property owner only expenses are taxes, insurance, and trash. Anchoring the property is a beautifully reimagined front home offering 1,198 SF of stylish living space and its own exclusive-use private yard—a true standout feature that feels like a single-family retreat. Fully remodeled from top to bottom, this residence showcases luxury vinyl plank flooring, brand-new dual-pane windows, a new roof, and a thoughtfully designed kitchen and bathrooms that blend clean, contemporary finishes with everyday functionality. Tucked behind, three newly constructed units deliver the ultimate in low-maintenance, high-demand living. The unit mix includes two 1-bedroom residences and a spacious 3-bedroom home with a versatile layout—featuring one bedroom and full bath on the main level, and two additional bedrooms and a bath upstairs—ideal for multi-generational living or maximizing rental flexibility. Each unit is equipped with its own split HVAC system, in-unit washer and dryer, and assigned off-street parking, offering comfort and convenience that today’s tenants and owners expect. All the heavy lifting has been done—new construction, major system upgrades, and modern finishes—so you can step right into a seamless ownership experience. Located in Fairmount Village neighborhood of East San Diego, minutes from downtown San Diego.More details
Listed by Compass and Joseph M. Galascione, Broker
Exceptional investment and Development Opportunity! This income-producing property features a REMODELED. As well as APPROVED plans to add 4 additional units totaling 4700 sqft+. Rare that you can add this many units with parking for each unit. A rare chance with APPROVED plans to maximize value and create a highly desirable multi-unit property with strong rental potential.More details
Exceptional invstrment opportunity! Live in one and rent the other or turn into a family compound. 3577 is a2BR/1BA with a curbcut on Landis and off street parking and an alley load driveway for aditional parking. 3585 is a 1BR/1BA. The properties and parking spaces are fully fenced in. Both homes are in need of work and list price reflects that. The homes are just a few blocks from Cherokee Point Elementary School. And less than a ten minute walk to all the great shops, eateries, fine dining, and entertainment North Park has to offer.More details