REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,289,000
Est. payment /mo
Price Dropped by $35K
3671 Madison Avenue San Diego, CA 92116
4 Beds
2 Baths
5,139 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Normal Heights
MLS Listing ID TR26121591
Bedrooms 4
Lot Size 5,139 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Massive Cashflow Advantage: Seller offering full 2-1 interest rate buydown credit! Located in highly desirable Normal Heights near Von's and Ward Canyon Park, this turnkey duplex is a premium asset for investors or house hackers. Exceptional rental strength with a combined $6,600/month gross income ($3,300 per unit), the finances pencil out at current interest rates. Let the seller buy down your rate and secure this financing advantage. $60K in kitchen, bath and plumbing upgrades. Unique design with each 2 bedroom/1 bath unit, 3671 Madison and 4569 Cherokee, facing a different street for added privacy. Two car detached garage with workshop and one additional outdoor parking space. Potential ADU opportunity. Central heat and air conditioning. Each unit has own washer/dryer. Separate utility meters for gas and electricity. Water metered electronically for each unit. One unit is rented month to month and the other has a lease expiring 8/31/2026. Tenants responsible for all utilities plus water and trash. Abundant outdoor spaces with pavers and pea gravel for entertaining and pets. Kitchens and bathrooms remodeled in 2022. Electrical and plumbing upgrades by previous owner. Mature fruit trees including lemon and avocado. Quiet location. Fully fenced with private spaces for each unit.
Location
State CA
County San Diego
Zoning Public Rec
Direction Meade Ave to Cherokee Ave to Madison Ave
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 4470510200
Acceptable Financing Cash, Conventional, VA
Listing Terms Cash, Conventional, VA
Listed by Jonathan Minerick, DRE#01523060 Homecoin.com