351 Milbrae Street San Diego, CA 92113

$599,999
4
Beds
2.5
Baths
1,263
SQFT
475
$/SQFT
$599,999
4
Beds
2.5
Baths
1,263   sf
$475 / sf
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Fixer with development potential for 7 units! Short Sale, Lender approved at $600k, cannot entertain offers below $600k. Cash or Hard Money only. This value-add property includes City San Diego submitted plans to convert the existing single-family residence into 2 residential units, constructing 4 new detached ADUs, and completing 1 garage conversion ADU for a total of 7 units. Save months of planning and pre-development time with plans already prepared for a project designed for today's high-demand infill housing market. The property features valuable alley access; providing excellent functionality for construction, access, and future unit layout. Whether you're looking to build a long-term rental portfolio, create a high-performing income-producing asset, or capitalize on the strong demand for new housing, this project offers a rare opportunity to acquire a development that's ready for its next phase.

Fixer with development potential for 7 units! Short Sale, Lender approved at $600k, cannot entertain offers below $600k. Cash or Hard Money only. This value-add property includes City San Diego submitted plans to convert the existing single-family residence into 2 residential units, constructing 4 new detached ADUs, and completing 1 garage conversion ADU for a total of 7 units. Save months of planning and pre-development time with plans already prepared for a project designed for today's high-demand infill housing market. The property features valuable alley access; providing excellent functionality for construction, access, and future unit layout. Whether you're looking to build a long-term rental portfolio, create a high-performing income-producing asset, or capitalize on the strong demand for new housing, this project offers a rare opportunity to acquire a development that's ready for its next phase.

Listed by:
Honeybee Realty

Source:
CRMLS

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Property details

Community Features

  • No HOA
  • Not Age Restricted

Exterior features

  • Has garage
  • No Pool
  • Parking

Style

  • Ranch / One Story
  • One Story

Property History

DateDays AgoEventNew Price
Aug 20, 202615 days agoPrice decreased49,001 (8%)$599,999
Jul 30, 20261 mo agoNew on market$649,000
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