Property Description

Charming, well-maintained, Golden Hill 4plex with development potential. Pride-of-ownership 1880s house (Victorian?) later converted to a legal 4plex with additional 135 SF basement and lush, maturely-landscaped rear backyard. Value-add with lower current rents. All tenants month-month. Units have been selectively upgraded over the years. Significant (roughly 50%) total income upside upon additional renovations. Possibly some ADU potential to convert basement or build in rear yard. Zoned RM-2-5, Complete Communities (Tier 3), Transit Priority Area, and Transit Area Overlay zones, so there is some interesting development potential (build up to 34K SF under Complete Communities). There are many examples of this new construction proof of concept in the immediate area. There does NOT appear to be any formal historical designation (buyer to verify). Long-term current owner (4 decades). Narrow, sloped driveway with tandem parking for 3-4 cars. Rear yard with mature landscaping and shade. Fantastic Golden Hill location near Gaslamp, Downtown, Balboa Park, Zoo, etc.

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Property Details