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916 Madera ST San Diego, CA 92114
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Key Details
Sold Price $850,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,586 sqft
Price per Sqft $535
MLS Listing ID PTP2602772
Sold Date 06/24/26
Bedrooms 3
Full Baths 3
HOA Y/N No
Year Built 1935
Lot Size 8,276 Sqft
Lot Dimensions Assessor
Property Sub-Type Single Family Residence
Property Description
3 incomes built into one property! Fully renovated & permitted garage conversion (ADU) Discover an extraordinary investment opportunity at 916 Madera St, where three income-generating units converge into one unique property, all for under $1 million. This thoughtfully designed asset offers the potential for over $6,000 in monthly income, positioning it as an exceptional choice for both owner-occupants and savvy investors. With options to live in one unit while renting out the others, or lease all three for maximum cash flow, flexibility is at your fingertips. The property features a recent garage conversion, pending final city approval, enhancing its attractiveness in a low vacancy area. Spanning a generous .19-acre lot, this residence not only provides a home but also allows you to offset your mortgage with additional rental income. Why pay homeowner association fees when you can enjoy the benefits of being both a homeowner and a landlord? Seize this unique opportunity to elevate your financial future; properties like this are rare and will not remain on the market for long.
Location
State CA
County San Diego
Area 92114 - Encanto
Zoning R-1:SINGLE FAM-RES
Interior
Cooling See Remarks, Wall/Window Unit(s), Zoned
Fireplaces Type None
Fireplace No
Laundry Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Pool None
Community Features Biking, Curbs, Dog Park, Foothills, Gutter(s), Park, Storm Drain(s), Street Lights, Suburban, Sidewalks
View Y/N Yes
View Hills, Neighborhood
Total Parking Spaces 2
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Back Yard, Corner Lot, Front Yard, Landscaped, Level, No Landscaping, Near Public Transit, Yard
Story 1
Entry Level One
Sewer Public Sewer
Level or Stories One
Schools
School District San Diego Unified
Others
Senior Community No
Tax ID 5442012200
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Miles Palacios Ecco Realty
NEARBY SCHOOLS & BUSINESSES
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