$2,500,000
1235-41 Hueneme St San Diego, CA 92110
46
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$2,500,000
Est. payment /mo
9 BD
6 BA
726 SqFt
New
1235-41 Hueneme St San Diego, CA 92110
UPDATED:
11/06/2024 04:19 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 726 sqft
Price per Sqft $3,443
Subdivision San Diego
MLS Listing ID 240025978
Bedrooms 9
Full Baths 6
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
Community San Diego
Area Old Town Sd (92110)
Building/Complex Name Hueneme
Exterior
Exterior Feature Stucco
Fence Full, Partial, Other/Remarks
View Ocean
Roof Type Composition
Building
Story 2
Lot Size Range .25 to .5 AC
Water Meter on Property
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional
Space Rent $3,200
Listing Terms Cash, Conventional
Pets Description Allowed w/Restrictions
Listed by Jesse Salas • Harcourts Prime Properties
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