San Diego, CA 92106,3404 Russell St
San Diego, CA 92106,3404 Russell St
San Diego, CA 92106,3404 Russell St
San Diego, CA 92106,3404 Russell St
San Diego, CA 92106,3404 Russell St
San Diego, CA 92106,3404 Russell St
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$2,330,000

$2,399,000

2.9%
Est.Price: ?

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Est. payment /mo

5 Beds

5 Baths

400 SqFt


SOLD DATE : 05/13/2024

Key Details

Sold Price $2,330,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

Square Footage 400 sqft

Price per Sqft $5,825

Subdivision San Diego

MLS Listing ID 230020594

Sold Date 05/13/24

Bedrooms 5

Full Baths 5

HOA Y/N No

Year Built 1939

Property Description

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.

Location

State CA

County San Diego

Community San Diego

Area Point Loma (92106)

Interior

Cooling Central Forced Air

Fireplaces Number 1

Exterior

Exterior Feature Stucco

Fence Full

View Bay, City, Evening Lights, Mountains/Hills, Valley/Canyon

Roof Type Composition

Building

Lot Size Range 4000-7499 SF

Water Meter on Property

Level or Stories Other/Remarks

Others

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Financing Conventional

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San Diego Regional MLS (SDMLS)
Listed by Nathan Winnett • eXp Realty of California, Inc.
Bought with Rhonda Hebert • eXp Realty of California, Inc.
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