3671 Madison Avenue, San Diego, CA 92116
3671 Madison Avenue, San Diego, CA 92116,Video Tour
3671 Madison Avenue, San Diego, CA 92116
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John R Thompson

John R Thompson

+1(805) 796-5221
Listed by Jonathan Minerick • Homecoin.com
$1,299,900
Est. payment /mo
1,505 SqFt
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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,505 sqft

Price per Sqft $863

Subdivision Normal Heights

MLS Listing ID TR-26169750

Style Ranch

Year Built 1948

Lot Size 5,139 Sqft

Property Sub-Type Duplex

Source California Regional Multiple Listing Service (CRMLS)

Property Description

Massive Cashflow Advantage: Seller offering full 2-1 interest rate buydown credit! Potentially save over $1300/month on your mortgage payment in year one! Located in highly desirable Normal Heights near Von's and Ward Canyon Park, this turnkey duplex is a premium asset for investors or house hackers. Exceptional rental strength with a combined $6,600/month gross income ($3,300 per unit), the finances pencil out at current interest rates. Let the seller buy down your rate and secure this financing advantage. $60K in kitchen, bath and plumbing upgrades. Unique design with each 2 bedroom/1 bath unit, 3671 Madison and 4569 Cherokee, facing a different street for added privacy. Two car detached garage with workshop and one additional outdoor parking space. Potential ADU opportunity. Also potential to convert to a single family property. Buyers to research alternatives. Central heat and air conditioning. Each unit has own washer/dryer. Separate utility meters for gas and electricity. Water metered electronically for each unit. Tenants responsible for all utilities plus water and trash. Abundant outdoor spaces with pavers and pea gravel for entertaining and pets. Kitchens and bathrooms remodeled in 2022. Electrical and plumbing upgrades by previous owner. Mature fruit trees including lemon and avocado. Quiet location. Fully fenced with private spaces for each unit.

Location

State CA

County San Diego

Area 92116 - Normal Heights

Interior

Interior Features Ceiling Fan(s), Living Room Deck Attached, Storage

Heating Central

Fireplaces Type Bath, Electric, Gas, Kitchen, Living Room, Outside, Patio

Laundry Dryer Included, In Garage, Inside, Stackable, Washer Included

Exterior

Exterior Feature Barbeque Private

Parking Features Garage, Garage - Three Door, Garage Door Opener, Parking Space, Workshop in Garage, Concrete, Deck

Garage Spaces 2.0

Pool None

Community Features Biking, Curbs, Dog Park, Park, Sidewalks, Suburban

Utilities Available Sewer Connected, Water Connected, Cable Available, Electricity Connected, Natural Gas Connected, Phone Available

View Y/N Yes

Building

Lot Description Front Yard, Landscaped, 2-5 Units/Acre

Sewer Public Sewer

Others

Virtual Tour https://www.zillow.com/view-imx/83aa7c47-372e-43cf-915c-dfdabc2636af?

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John R Thompson

John R Thompson

+1(805) 796-5221

Broker/Owner | License ID: 01200900

Broker/Owner License ID: 01200900

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3671 Madison Avenue