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About the Listing 88655 - 812238
3 incomes built into one property! Fully renovated & permitted garage conversion (ADU) Discover an extraordinary investment opportunity at 916 Madera St, where three income-generating units converge into one unique property, all for under $1 million. This thoughtfully designed asset offers the potential for over $6,000 in monthly income, positioning it as an exceptional choice for both owner-occupants and savvy investors. With options to live in one unit while renting out the others, or lease all three for maximum cash flow, flexibility is at your fingertips. The property features a recent garage conversion, pending final city approval, enhancing its attractiveness in a low vacancy area. Spanning a generous .19-acre lot, this residence not only provides a home but also allows you to offset your mortgage with additional rental income. Why pay homeowner association fees when you can enjoy the benefits of being both a homeowner and a landlord? Seize this unique opportunity to elevate your financial future; properties like this are rare and will not remain on the market for long.
Listing Highlights
Status
Pending
Days on Site
50
Property Type
Residential
MLS ®
PTP2602772
Year Built
1935
Total Square Footage
1,586
Lot/Acreage
0.19
Interior Details
- Bedrooms: 3
- Bathrooms: 3 Full
- Appliances:
- Air Cond: See Remarks,Wall/Window Unit(s),Zoned
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: 0-1 Unit/Acre,Back Yard,Corner Lot,Front Yard,Landscaped,Level,No Landscaping,Near Public Transit,Yard,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 2
- Lot Dimensions: 118' x 161 x 113 x 17'
- Zoning: R-1:SINGLE FAM-RES
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5442012200
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
916 Madera St San Diego, CA 92114
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