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Chuck Lamm

chuck.lamm@engelvoelkers.com +1(818) 652-2876

$ 900,000

Est. payment -/mo

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Active

970 Hanover ST #72 San Diego, CA 92114

1,338 SqFt

UPDATED:

10/21/2024 01:19 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,338 sqft

Price per Sqft $672

Subdivision Encanto

MLS Listing ID SW24216097

HOA Y/N No

Year Built 1930

Lot Size 0.552 Acres

Acres 0.5523

Property Description

Seller will carry with 10 percent down at a 5.5 percent interest rate. No bank approval needed. Amazing opportunity to get into a duplex with an unpermitted Tiny Home ADU in the back as a third unit. You could absoulety house hack this property and have a small mortgage or no mortgage at all after renting out the tiny home and the top unit. The top unit has a tenant that has been there for 3 years and has always paid rent on time. Tenant just went month to month starting in October after their year lease ended. They would like to stay if possible. There are great views of downtown SD from the top unit. The bottom unit is vacant and ready to be rented out. Each unit is seperately metered and the tiny home is hooked up to the 972 unit. Both units are 2 bedroom 1 bathroom units. The tiny home is 2 stories with a loft upstairs that is perfect size for a bed and some storage. It has a toilet and shower in the bathroom, and a sink in the living room with a vent and space for a small cook top. The home also comes with plans to build a 1200sq ft ADU in the back. The property is almost a half acre with plenty of room to expand and develop for even more cash flow. I have all the disclosures, property inspection, everything you would need to do your due diligence.

Location

State CA

County San Diego

Area 92114 - Encanto

Zoning RS-1-6

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Fireplace No

Laundry Common Area

Exterior

Garage Public, On Street

Pool None

Community Features Storm Drain(s), Street Lights

Parking Type Public, On Street

Private Pool No

Building

Lot Description Sloped Down

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5425101900

Acceptable Financing Cash, Cash to Existing Loan, Cal Vet Loan, 1031 Exchange, FHA 203(b), FHA 203(k), FHA, Freddie Mac, Government Loan, Lease Back, Lease Option, Owner Will Carry, Owner May Carry, Owner Pay Points, Private Financing Available

Listing Terms Cash, Cash to Existing Loan, Cal Vet Loan, 1031 Exchange, FHA 203(b), FHA 203(k), FHA, Freddie Mac, Government Loan, Lease Back, Lease Option, Owner Will Carry, Owner May Carry, Owner Pay Points, Private Financing Available

Special Listing Condition Standard

Listed by Matthew Schaeffer • Arrive Real Estate • 951-837-6854

Chuck Lamm

Broker Associate | License ID: 00857151

+1(818) 652-2876

Chuck Lamm

970 Hanover ST #72 San Diego, CA 92114

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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970 Hanover ST #72