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$1,040,000

  • Sold
  • Closed
  • Multi-Family
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• Presenting one of the BEST Located 4 Unit Complexes in Sherman Heights • Potential of a 2 Bedroom, 2 Bath ADU on vacant portion of the lot • Great Value Add Potential • 2nd Floor Units have Views of Coronado Bridge and Downtown San Diego • Directly across the Street from Sherman Heights Elementary School • Unit Mix Two - 2 Bedroom, 1 Bath Units & Two - 1 Bedroom, 1 Bath Units • Located in Sherman Heights and Grant Hill Historic District • One of the Lowest Priced 4Plexes in Sherman Heights / Grant Hill • Projected GRM of 10 and Projected CAP rate of 6.8

Full Property Details for 2401-2407 Island Ave

General

  • Sold For: $1,040,000
  • Status: Closed
  • Type: Multi-Family
  • Source: SANDICOR
  • MLS ID: 240024400
  • Added to Site: 476 day(s) ago

Location

  • Area: SAN DIEGO (92102)
  • County: San Diego
  • Subdivision: Sherman Heights
  • Complex: Sherman Heights 4Plex

School Information

  • Elem School District: San Diego Unified School District

Utilities

  • Sewer: Sewer Connected

Structural Information

  • Roof: Other (See Remarks)
  • Stories/Levels: 2
  • Year Built: 1908

Unit Information

  • Units w/Range/Oven: 4

Unit 1

  • Square Feet: 735
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Square Feet: 752
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Square Feet: 765
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Square Feet: 732
  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Property View: City
  • Lot Size (Sq. Ft.): 3,591
  • Lot Dimensions: 45 x 90
  • Frontage Feet: 45
  • Fencing (Description): Partial

Financial Considerations

  • Terms: Other/Remarks
  • Tenant Expense: Cable TV, Electricity, Gas/Propane

Listed by Siemienowski & Associates (858) 866-0750, Jeff Elden
Sold by The Mendes Company (858) 692-1771, Anthony J Mendes

Listing agent

— 2401-2407 Island Ave —

  • Jeff Elden

    Siemienowski & Associates

    858-692-1771

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Price & Sales History for 2401-2407 Island Ave

Date
Details
Price
Change
Source
1/02/2025
Sold
$1,040,000
-5.02%
MLS
10/11/2024
Listed
$1,095,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Siemienowski & Associates (858) 866-0750, Jeff Elden
Sold by The Mendes Company (858) 692-1771, Anthony J Mendes

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2401-2407 Island Avenue, San Diego, CA 92102 (MLS# 240024400) is a Multi-Family property that was sold at $1,040,000 on January 02, 2025. Want to learn more about 2401-2407 Island Avenue? Do you have questions about finding other Multi-Family real estate for sale in South San Diego? You can browse all South San Diego real estate or contact a Coldwell Banker agent to request more information.