$2,500,000
1235 41 Hueneme St San Diego, CA 92110
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$2,500,000
Est. payment /mo
0.33 Acres Lot
Active
1235 41 Hueneme St San Diego, CA 92110
UPDATED:
11/06/2024 04:19 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision San Diego
MLS Listing ID 240025978SD
HOA Y/N No
Year Built 1957
Lot Size 0.329 Acres
Property Description
Luxury Live Auction! Bidding to start from $2,500,000! This incredible investment property, located at 1235-1241 Hueneme Street, offers breathtaking, unobstructed ocean views from most units due to its elevated position above the surrounding neighborhood. Boasting a 14,348 SF lot directly across from the University of San Diego, this property combines a prime location with remarkable views spanning from Mission Valley to Mission Bay. Currently, four residential income units are on-site, three of which have been beautifully upgraded with modern flooring, sleek baseboards, granite countertops, and stainless steel appliances, adding a touch of luxury to each. Each unit also includes a spacious, private patio—some with stunning views—providing residents a peaceful retreat. With ample parking and proximity to USD, this property is highly appealing to renters, ensuring steady demand and low vacancy rates. For investors eager to maximize potential, the high-density multifamily zoning under the Complete Communities 4.0 FAR overlay creates an exciting opportunity for development. As per the seller, expansion to a total of 35 units—comprising 28 two-bedroom and 7 three-bedroom layouts—is possible, along with an 80-space parking structure. This unique combination of privacy, panoramic views, and a prime location makes this property an ideal choice for investors seeking both immediate income and significant long-term growth potential.
Location
State CA
County San Diego
Area 92110 - Old Town Sd
Building/Complex Name Hueneme
Interior
Cooling None
Fireplace No
Appliance Gas Water Heater
Exterior
Fence Partial
View Y/N Yes
View Ocean
Roof Type Composition
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 4364230100
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Jesse Salas • Harcourts Prime Properties