Joe McLaughlin / Broker Associate
619-980-5101 joe@HomesofSanDiego.com
My Office Listings
979 W Laurel St
San Diego
92101
$1,599,000
2-4 Units
1,059 sq. ft.
built: 2007
- Status:
- Active
- Prop. Type:
- 2-4 Units
- MLS® Num:
- 230006178
- Year Built:
- 2007
- Photos (27)
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The Lipschitz Group is pleased to present the opportunity to acquire 979 Laurel Street, San Diego, CA 92101, located in the heart of Little Italy. Two income-producing units plus a garage that can be converted for additional income. Perfect investment for a 1031 exchange. Both units are fully remodeled. This duplex can be utilized for a variety of different investment options. Can operate as one unit or independently and also can be used as a work / live space. Current short-term rental restrictions allow for one unit to automatically gain a short-term rental license while the other unit is occupied either by the owner or long-term tenant. A total of 2,200 SF with updated amenities and move-in ready. Just minutes from the airport, walkable to bars, restaurants and the bay, this location can’t be beat. The project location, strong market fundamentals and lack of new inventory should lead to a stable cash-flow.
- Total Floor Area:
- 1,059 sq. ft.
- Lot Size:
- 1-3,999 SF
- Lot Size:
- 871.2 sq. ft.
- Number of Buildings:
- 1
- Number of Units:
- 1
- Year Built:
- 2007
- Stories:
- 3 Story
- Total Stories:
- 3
- Market Area:
- Metro Central
- Community:
- SAN DIEGO
- County:
- San Diego
- Neighborhood Code:
- Little Italy
- Name of Complex/Subdivision:
- y
- Mello Roos Fee:
- 0.0
- Monthly Total Fees:
- 0.0
- Other Fees:
- 0.0
- Tenant pays:
- N/K
- Projected net operating income:
- 122000
- Other income:
- 0
- Projected other income:
- 0.0
- Annual expense actual:
- 19680
- Projected annual expense:
- 22000
- Cap Rate.:
- 5.9
- Projected Cap Rate.:
- 6.75
- Gross Rent Multiplier:
- 13.0
- Projected Gross Rent Multiplier:
- 11.0
- Gross scheduled income:
- 116832
- Projected gross scheduled income:
- 144000
- Finished Area for Unit 1:
- 1,600 sq. ft.
- Bedrooms for Unit 1:
- 2
- Number of bathrooms for Unit 1:
- 3
- Full Bathrooms for Unit 1:
- 2
- Half Bathrooms for Unit 1:
- 1
- Deposit for Unit 1:
- 6093.0
- Total Rent for Unit 1:
- 6093.0
- Projected Rent for Unit 1:
- 73116.0
- Unit 1 Exclusive Use Yard:
- No
- Laundry Hook Ups for Unit 1:
- Yes
- Finished Area for Unit 2:
- 400 sq. ft.
- Bedrooms for Unit 2:
- 0
- Number of bathrooms for Unit 2:
- 1
- Full Bathrooms for Unit 2:
- 1
- Projected Rent for Unit 2:
- 55229.0
- Laundry Hook Ups for Unit 2:
- No
- Number of bathrooms for Unit 3:
- 0
- Number of bathrooms for Unit 4:
- 0
- Kettner
- Exterior Features:
- Block
- Cooling:
- Central Forced Air
- Number of Units with Cooling:
- 2
- Number of Units with Dishwashers:
- 2
- Number of Units with Dryers:
- 2
- Number of Units with Fireplaces:
- 1
- Number of Furnished Units:
- 2
- Number of Units with Garages:
- 1
- Number of Units with Patios:
- 2
- Number of Units with Range/Oven:
- 2
- Number of Units with Refrigerators:
- 2
- Number of Units with Washers:
- 2
- Roof:
- Composition
- Security:
- N/K
- Fencing:
- Full
- Short Sale:
- No
- Listing Type:
- Exclusive Agency (A)
- Age Restrictions:
- N/K
- Sales Restrictions:
- N/K
- Terms:
- Other/Remarks
- Parcel Number:
- 533-630-06-00
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Data was last updated June 8, 2023 at 11:10 PM (UTC)
Area Statistics
- Listings on market:
- 39
- Avg list price:
- $1,199,000
- Min list price:
- $579,000
- Max list price:
- $2,950,000
- Avg days on market:
- 100
- Min days on market:
- 6
- Max days on market:
- 838
- Avg price per sq.ft.:
- $226.79
These statistics are generated based on the current listing's property type
and located in
Metro Central. Average values are
derived using median calculations.
- Marc Lipschitz
- Compass
- 619-857-2882
- Contact by Email
This information is deemed reliable but not guaranteed.
You should rely on this information only to decide whether or not to further investigate a particular property.
BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional.
You may use this information only to identify properties you may be interested in investigating further.
All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited.
Redistribution or copying of this information, any photographs or video tours is strictly prohibited.
This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc.
Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display.
The information and any photographs and video tours and the compilation from which they are derived is protected by copyright.
Compilation © 2023 San Diego Multiple Listing Service, Inc.
About Me
I make myself available at all times. My web site is here to help you 24 hours a day. When you are ready to see a listing in person, or just have a simple question, please dont hesitate to contact me!
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Direct: 619-980-5101
7863 Girard Ave #208/210, La Jolla, CA, 92037, US
This information is deemed reliable but not guaranteed.
You should rely on this information only to decide whether or not to further investigate a particular property.
BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional.
You may use this information only to identify properties you may be interested in investigating further.
All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited.
Redistribution or copying of this information, any photographs or video tours is strictly prohibited.
This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc.
Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display.
The information and any photographs and video tours and the compilation from which they are derived is protected by copyright.
Compilation © 2023 San Diego Multiple Listing Service, Inc.