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FOR SALE
$1,700,000

10916 New Salem Court
San Diego, CA 92126

Single Family
Residence
5
Beds
3
Baths
+
1 Half
2,599
Sq. Ft.
0.1584
Acre Lot
1of
Photos
Map
Courtesy: Alexander Good CalDRE: 01701870 - HOMEVANA
Showcase> California> San Diego> 92126
NCOME PROPERTY! RECESSION APPROVE INVESTMENT OPPORTUNITY! 2 HOUSES with 2 separate and private entries, 2 separate and private back yards, 2 separate addresses and separate utilities. Situated in a quiet cul-de-sac neighborhood. First house has 1,445 sqft and worth $1,000,000 Second house has 1,200 sqft and worth $850,000. To be sold together at a discounted price of $1,700,000 There is more room to build another 2 bedroom house to rent it out. Rents are moving upwards. If and when recession hits and people lose their homes rental units will be more in demand and the rents will go even higher. Also the property is in the right zone for SB 9 lot split. First house is tastefully remodeled and has a nice size of backyard with exotic fruit trees and new studio. The Second house is newly built. It has a modern interior, fantastic view from the second floor and is rented for $3,100 a month. Owner financing is available with 50% down. If you live in one house and rent the other one your house payments will be about $3,500. If you rent out both houses you will have around $90,000 annual income. That's a Cap rate of 5% . Plus real estate property appreciation of average 6% a year. In 10 years it will amount to 1.3M. This is very good INVESTMENT OPPORTUNITY. DON'T MISS IT.
PV22172675
Single Family, 1 Story
5
3 Full/1 Half
1972
San Diego
0.1584 Acres
Public
1
Public Sewer
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