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522 Fergus St San Diego, CA 92114
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Key Details
Sold Price $790,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,377 sqft
Price per Sqft $573
Subdivision Encanto
MLS Listing ID 240000915
Sold Date 03/08/24
Style Detached
Bedrooms 4
Full Baths 3
Half Baths 1
HOA Y/N No
Year Built 1950
Lot Size 8,145 Sqft
Acres 0.19
Property Description
Welcome to this recently renovated 4-bedroom, 3-bathroom home that has undergone extensive updates, making it a true gem. As you step inside, you'll immediately notice the brand-new kitchen featuring solid Calcutta countertops and beautiful kitchen cabinets. The upgrades continue with new flooring throughout the entire house, providing a fresh and modern look as well as updated bathrooms and plumbing. Every room and living space have been illuminated with new lighting fixtures, creating a bright and welcoming atmosphere. Outside, the property has new beautiful synthetic turf, making it easy to maintain. Situated on a spacious lot just minutes from downtown, you'll enjoy both convenience and space. Solar is installed and paid for, keeping utilities cost very low. But that's not all – this property is ready to generate income! Two of the bedrooms have their own separate entrance, making them perfect for rental income. Additionally, there's a park-model RV on the premises, currently rented to long-term tenants. Furthermore, the garage is also generating rental income. If you're looking for an ADU (Accessory Dwelling Unit) opportunity, this property is ready for it! With a small investment, the garage can easily be converted into a 2-bedroom ADU, adding to the income potential of the property. The garage, complete with a bathroom, was previously used as a living unit, and plumbing and electrical work have already been installed. The owner will even provide schematic drawings to facilitate the conversion process.
With the home rentals, ADU and RV rental, and this property has the potential to bring in an impressive monthly income. Investors will appreciate the home's proximity to mass transit, offering additional benefits. Located in a Promise Neighborhood, it qualifies for tax incentives and SB10, which could allow for up to 10 units on the property! Don't miss this fantastic opportunity to own a beautifully updated home with income potential and ADU possibilities in a prime location!
Location
State CA
County San Diego
Community Encanto
Area Encanto (92114)
Zoning COMMERCIAL
Rooms
Guest Accommodations Other/Remarks
Master Bedroom 14x13
Bedroom 2 9x10
Bedroom 3 9x14
Bedroom 4 11x10
Living Room 24x14
Dining Room 13x13
Kitchen 16x8
Interior
Interior Features Ceiling Fan, Copper Plumbing Full, Granite Counters, Low Flow Toilet(s), Open Floor Plan, Recessed Lighting, Shower, Storage Space, Kitchen Open to Family Rm
Heating Electric
Cooling Heat Pump(s), SEER Rated 13-15, SEER Rated 16+
Flooring Laminate
Equipment Gas Oven, Gas Stove, Gas Range, Gas Cooking
Appliance Gas Oven, Gas Stove, Gas Range, Gas Cooking
Laundry Outside, Other/Remarks
Exterior
Exterior Feature Stucco
Garage Detached
Garage Spaces 2.0
Fence Full, Gate, Fair Condition, Wrought Iron, Chain Link
Roof Type Shingle
Total Parking Spaces 8
Building
Story 1
Lot Size Range 7500-10889 SF
Sewer Sewer Connected
Water Meter on Property
Level or Stories 1 Story
Others
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Read Less
Bought with Frances Inda • Century 21 Affiliated