Active

3404 Russell St

San Diego CA, 92106

$2,399,000


Active

Residential

Built in 1939

Listed by Nathan Winnett with eXp Realty of California, Inc. 858-258-7383

GORGEOUS NEW DETACHED UNITS AVAILABLE NOW!!! Total projected annual rental income: $174,000.00 / Potential for higher income projected at $210,000/year if front house used as short-term rental. FRONT HOUSE: $5,500/month ADU 1: $6,500/month ADU 2: $2,800/month Three detached units, each separately metered. The front house is remodeled, 2-bed, 2-bath house with wood floors, new appliances, laundry room, and open kitchen-living room layout. It is Airbnb approved and is 1,119 square feet. The two additional ADU units are brand new builds. ADU 1 is 1190 sq ft, 3-bed/2-bath, and features beautiful views from the second floor facing southeast & west with bi-fold doors on both sides, decks, and wood floors throughout. ADU 2 (Studio Junior ADU) also has wood floors throughout, stacked W/D, full kitchen and spacious bathroom. Conveniently located near beaches, Liberty Station, Little Italy, downtown, and restaurants. Rental Income: Overall, a lucrative investment property due to its location, views and amenities. Variance granted for 2-4 units. Welcome to 3404 Russell St, San Diego, CA 92106! 3 Detached Units!!! This property offers a fully remodeled 2-bed, 2-bath front house with 1,119 sq ft on a corner lot with sunset and city light views. It features wood floors, new appliances, a full laundry room, and an open kitchen-living room layout. It is expected to yield $5,500 in rental income for investors. This property is an excellent investment opportunity or a comfortable owner-occupancy with 2 ADU's completely detached from the house to offset monthly mortgage. You'll be conveniently close to beaches, Liberty Station, Little Italy, downtown, and top restaurants and shops. The front house is Airbnb approved. Additionally, two new ADUs will be completed by November 15th: Total projected rental income $174,000 a year!!! Front House: Full Remodel - 2 bed, 2 bath house 1119 sq ft. Views of evening lights. Laundry room and large front yard for entertaining. Rental income of 5,500 a month. ADU 1: New Construction - A 3-bed, 2-bath unit with 1,190 sq ft and stunning views. It includes two decks with bifold doors and wood floors throughout, with a projected rental income of $6,500 per month. Views to Pacific Beach and La Jolla. ADU 2: New Construction - A Studio Junior ADU with wood floors, ideal for rental adjacent to ADU 1 $2,500 per month.

230020594SD

MLS ID

October 3, 2023

Listed

February 26, 2024

Updated

Map

3404 Russell St
San Diego CA, 92106

Interior Features

Appliances

Gas Water Heater, Tankless Water Heater


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes

Exterior/Building Features

Roof

Composition

Other Property Details

Area Name

92106 - Point Loma


Days on Market

131


Garage

No


Parking Total

0


View

Yes


View Description

Bay


County

San Diego


Pool

No


Buyer Agency Compensation

3%

Listing History

Date

Event

Price

1/29/2024

Price Change

$2,399,000

-3%

1/18/2024

Price Change

$2,449,000

-1%

11/29/2023

Price Change

$2,450,000

-2%

Listing Contact: 858-258-7383 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/26/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/26/2024 at 9:13 PM UTC

 

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