Description

HUGE PRICE REDUCTION! This remarkable triplex is a true treasure in the heart of University Heights, steps from the historic Lafayette Hotel, Trolley Barn Park, & North Park, where original Craftsman-era charm has been impeccably preserved. The stunning original hardwood floors, craftsman molding and wainscoting, fireplaces, and custom original built-ins are in excellent condition, creating a warm and inviting atmosphere in every unit. These timeless features are perfectly paired with thoughtful modern upgrades, including custom kitchen cabinetry, quartz countertops, and beautifully remodeled bathrooms, ensuring a seamless blend of classic elegance and contemporary comfort. All units painted in the last two years, tankless hot water heater upgrade and new water heaters < 2 years old, and new dual-pane windows create an infrastructure that is turn key and will last! Each unit offers a private yard for outdoor entertaining, blossoming orange and guava trees on site, and the convenience of its own washer and dryer, as well as 6 off-street parking spots! The current owner has also added an additional structure with electrical service that serves as a home gym, adding even more functionality to this already exceptional property, which comes with 2 additional exterior storage sheds! And with RM-2-5 zoning with 1.35 base FAR on a 5,593 sq. ft. lot, the potential to build is sky-high... or at least as high as you can build within the current development codes! San Diego’s bonus ADU program makes it easy to add additional rental units, increasing both value and income potential! Ask listing agent about ADU feasibility before it is too late! Perfectly located in a highly walkable neighborhood, this property is just steps from trendy restaurants, cafes, and shops, as well as two major freeways that make commuting to any work location a breeze! Whether you’re an owner-occupant looking for a charming place to call home or an investor seeking premium rental potential, this is your chance to own a piece of San Diego history and premium cash flow! Schedule a tour today – this one will not last!!! Seller desires to rent-back one bedroom unit at $2800/mo for 6+months.