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522 Fergus St San Diego, CA 92114
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Key Details
Sold Price $790,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,377 sqft
Price per Sqft $573
Subdivision Encanto
MLS Listing ID 240000915SD
Sold Date 03/08/24
Bedrooms 4
Full Baths 3
Half Baths 1
HOA Y/N No
Year Built 1950
Lot Size 8,145 Sqft
Property Description
Welcome to this recently renovated 4-bedroom, 3-bathroom home that has undergone extensive updates, making it a true gem. As you step inside, you'll immediately notice the brand-new kitchen featuring solid Calcutta countertops and beautiful kitchen cabinets. The upgrades continue with new flooring throughout the entire house, providing a fresh and modern look as well as updated bathrooms and plumbing. Every room and living space have been illuminated with new lighting fixtures, creating a bright and welcoming atmosphere. Outside, the property has new beautiful synthetic turf, making it easy to maintain. Situated on a spacious lot just minutes from downtown, you'll enjoy both convenience and space. Solar is installed and paid for, keeping utilities cost very low. But that's not all – this property is ready to generate income! Two of the bedrooms have their own separate entrance, making them perfect for rental income. Additionally, there's a park-model RV on the premises, currently rented to long-term tenants. Furthermore, the garage is also generating rental income. If you're looking for an ADU (Accessory Dwelling Unit) opportunity, this property is ready for it! With a small investment, the garage can easily be converted into a 2-bedroom ADU, adding to the income potential of the property. The garage, complete with a bathroom, was previously used as a living unit, and plumbing and electrical work have already been installed. The owner will even provide schematic drawings to facilitate the conversion process. With the home rentals, ADU and RV rental, and this property has the potential to bring in an impressive monthly income. Investors will appreciate the home's proximity to mass transit, offering additional benefits. Located in a Promise Neighborhood, it qualifies for tax incentives and SB10, which could allow for up to 10 units on the property! Don't miss this fantastic opportunity to own a beautifully updated home with income potential and ADU possibilities in a prime location!
Location
State CA
County San Diego
Area 92114 - Encanto
Zoning COMMERCIAL
Interior
Interior Features Ceiling Fan(s), Granite Counters, Open Floorplan, Recessed Lighting, Storage
Heating Electric, High Efficiency, Heat Pump
Cooling Heat Pump
Flooring Laminate
Fireplace No
Appliance Gas Cooking, Gas Cooktop, Gas Oven, Gas Range
Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Outside, See Remarks
Exterior
Garage Driveway, Gated, Uncovered
Garage Spaces 2.0
Garage Description 2.0
Fence Chain Link, Fair Condition, Wrought Iron
Pool None
View Y/N Yes
View None
Roof Type Shingle
Attached Garage No
Total Parking Spaces 8
Private Pool No
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5490521600
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Frances Inda • Century 21 Affiliated