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Sold for $2,330,000 on 05/13/24
  • $2,330,000

    3404 Russell St, San Diego, CA 92106

    5beds
    --sqft
    Multi Family
    Built in 1939
    -- sqft lot
    $2,268,300 Zestimate®
    $--/sqft
    $5,858 Estimated rent

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: 7 hours ago

    Listed by:

    Nathan Winnett DRE #01320737 858-829-1204,

    eXp Realty of California Inc,

    Vanessa D Peraza Virissimo DRE #02024331 702-296-8570,

    eXp Realty of Southern California, Inc.

    Bought with:

    Rhonda Hebert, DRE #01372413

    eXp Realty of California, Inc.

    Thomas Sitterly, DRE #02078034

    eXp Realty of California, Inc

    Source: SDMLS,MLS#: 230020594MLS LogoOriginating MLS: San Diego Association of REALTOR

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 5
    • Full bathrooms: 5
    Cooling
    • Central Forced Air
    Interior area
    • Total structure area: 2,709

    Property

    Features
    • Levels: Other/Remarks
    • Fencing: Full
    • Has view: Yes
    • View description: Bay, City, Evening Lights, Mountains/Hills, Valley/Canyon
    • Has water view: Yes
    • Water view: Bay
    • Frontage type: N/K
    Details
    • Parcel number: 4500120400

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Stucco
    • Roof: Composition
    Condition
    • Year built: 1939

    Utilities & green energy

    • Water: Meter on Property

    Community & neighborhood

    Security
    • Security features: N/K
    Location
    • Region: San Diego
    • Subdivision: SAN DIEGO

    Other

    Other facts
    • Listing terms: Cash,Conventional,FHA,VA
    Services availability
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    Estimated market value

    $2,268,300