1833 37 Fern St, San Diego

$2,999,999

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7 Beds
6 Baths
.11 Acre
0 Garage

VA 100% Financing OK! Welcome to this stunning five-unit property (3 Units + 2 ADUs) in the charming and very walkable South Park neighborhood of San Diego. This property consists of 5 Units Total: 1833 Fern is a 4 bed 3 bath Single Family home, 1835 Fern Units A & B is a top/bottom duplex identical 1 bd 1 ba's, and 2 new construction ADUs both identical 1bd 1ba's. This is an excellent opportunity for an owner-occupant or a savvy investor. Once stabilized, this property could bring in upwards of $14,000+ in gross rents or push that further by having a mix of short-term and long-term rentals. With South Park's amazing location and with the combination of short-term and long-term rentals, this property could reach gross rents of upwards of $20,000+ per month. With a location that is second to none, you can walk to everything South Park offers, including amazing restaurants, fun events, a food truck park, Target Express, more shopping, bars, parks, hiking trails, the zoo, and even the airport. Strategic financing options available for owner-occupied and non-owner-occupied purchasers - VA and DSCR financing are available! 1833 Fern St: SFR with 4 Bedrooms + 3 Bathrooms, 1640 SF, 2 side-by-side uncovered parking spaces, Central AC/Heat - 1835 Fern St. Unit A: 1st floor, 1 bedroom + 1 bathroom, 750 SF + 1 off-street uncovered parking - 1835 Fern St. Unit B: 2nd floor, 1 bedroom + 1 bathroom, 750 SF, + 2 tandem style off-street uncovered parking spaces - The new construction ADUs, side by side 2 story "row home style" 1 bedroom + 1 bathroom, AC/Heat, 565 SF, no parking spaces, 1 unit enters alley side, 1 unit enters on the Fern St. Side.

Essential Information

MLS® #
230014564SD
Price
$2,999,999
Bedrooms
7
Bathrooms
6.00
Acres
0.11
Year Built
2023
Type
Residential Income
Status
Active

Community Information

Address
1833 37 Fern St
Area
92102 - San Diego
City
San Diego
County
San Diego
Zip Code
92102
Senior Community
N

Amenities

Pool
None

Interior

# of Stories
2
Stories
Two

Appliances

Electric Water Heater, Gas Water Heater, Tankless Water Heater

Heating

Combination, Electric, Forced Air, Natural Gas

Cooling

Central Air, Wall/Window Unit(s)

Exterior

Roof
Composition

Additional Information

Date Listed
July 27th, 2023
Days on Market
298
Zoning
RM 3-5

Listing Details

Agent
Leslie Duvernay
Office
Compass
Property History
Price Reduced from $3,199,000 to $2,999,999

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Based on information from California Regional Multiple Listing Service, Inc. as of May 21st, 2024 at 9:55am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.