351 Milbrae St

San Diego, CA 92113

About this property

Fixer with development potential for 7 units! Short Sale, Lender approved at $600k, cannot entertain offers below $600k. Cash or Hard Money only. This value-add property includes City San Diego submitted plans to convert the existing single-family residence into 2 residential units, constructing 4 new detached ADUs, and completing 1 garage conversion ADU for a total of 7 units. Save months of planning and pre-development time with plans already prepared for a project designed for today's high-demand infill housing market. The property features valuable alley access; providing excellent functionality for construction, access, and future unit layout. Whether you're looking to build a long-term rental portfolio, create a high-performing income-producing asset, or capitalize on the strong demand for new housing, this project offers a rare opportunity to acquire a development that's ready for its next phase.

About this property

Fixer with development potential for 7 units! Short Sale, Lender approved at $600k, cannot entertain offers below $600k. Cash or Hard Money only. This value-add property includes City San Diego submitted plans to convert the existing single-family residence into 2 residential units, constructing 4 new detached ADUs, and completing 1 garage conversion ADU for a total of 7 units. Save months of planning and pre-development time with plans already prepared for a project designed for today's high-demand infill housing market. The property features valuable alley access; providing excellent functionality for construction, access, and future unit layout. Whether you're looking to build a long-term rental portfolio, create a high-performing income-producing asset, or capitalize on the strong demand for new housing, this project offers a rare opportunity to acquire a development that's ready for its next phase.

Features and Additional Information

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$599,999 Active
4 Bed(s)
3
Baths
1,263 sqft

Presented By Desert Lifestyle Properties

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Brokerage
Honeybee Realty
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Area Information

92113 Logan Heights | San Diego County | San Diego

$ 599,999
This listing is play_arrow 13.3% lower than the average in the area
$ 692,000 in the area
1,263 SqFt
This listing is play_arrow 8.7% smaller than the average in the area
1,383 SqFt in the area
$ 475 $/SqFt
This listing is play_arrow 10.0% less than the average in the area
$ 528 $/SqFt in the area
41 days on site
This listing is play_arrow 43.4% below the average in the area
73 days on site in the area

Schools in the Area

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Listed By Chantelle Brown
Brokerage: Honeybee Realty

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