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Bill Lane

bill@billlanerealty.com +1(619) 243-4000

$ 850,000

Est. payment -/mo

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545 Radio San Diego, CA 92114

5 Beds

3 Baths

1,462 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,462 sqft

Price per Sqft $581

Subdivision Encanto

MLS Listing ID SB26087682

Bedrooms 5

Full Baths 3

HOA Y/N No

Year Built 1955

Lot Size 0.444 Acres

Property Sub-Type Duplex

Property Description

Exceptional value-add opportunity featuring two homes on one lot with significant upside potential. This versatile property is ideal for investors seeking multiple income streams and future development opportunities. The front residence is a 3-bedroom, 1.5-bath home that was fully renovated in 2020, offering modern finishes and strong rental appeal. The rear unit is a well-maintained 2-bedroom, 1-bath home with washer and dryer hookups and a spacious private backyard, enhancing tenant desirability. Situated on a uniquely configured “L”-shaped lot, the property provides ample space for expansion, with additional land at the rear presenting potential for ADU development or other value-add projects (buyer to verify all possibilities and conduct their own due diligence). With its flexible layout, existing improvements, and development potential, this asset offers a compelling opportunity to increase cash flow, maximize land use, and drive long-term appreciation. Ideal for experienced investors looking to unlock additional value.

Location

State CA

County San Diego

Area 92114 - Encanto

Rooms

Main Level Bedrooms 3

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Laundry Washer Hookup

Exterior

Parking Features Carport

Pool None

Community Features Suburban

View Y/N Yes

View Valley

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Dwelling Type Duplex

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Schools

School District San Diego Unified

Others

Senior Community No

Tax ID 5480802000

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Anthony (Tony) Rogondino Vista Sotheby’s International Realty 619-518-9899, DRE #02052749