2059 65 Morena Blvd, Old Town, CA 92110

$1,900,000

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List Price
$1,900,000
Status
ACTIVE
MLS#
260021403SD
Year Built
1951
Lot Size
6,826
Acres
0.16
Days on Market
2
Property Type
Multifamily
Stories
One Level
Neighborhood
Bay Park

Property Description

Vacant four-unit investment opportunity in Bay Park, consisting of two duplexes with detached rear garages. The property offers flexibility for an investor or developer to renovate and reposition the existing residences, with potential to convert the garages into two additional dwelling units, subject to City approval. The current unit mix includes one- and two-bedroom floor plans, and the vacant condition allows a new owner to begin improvements and establish market rents without relocating existing tenants. The site may also offer longer-term redevelopment potential under current zoning and applicable housing programs. Conveniently located near the Morena/Linda Vista Trolley Station, Mission Bay, USD, major employment centers, shopping, dining, and freeway access. Buyer to independently verify zoning, allowable density, development potential, ADU feasibility, square footage, and all property information with the appropriate agencies.

Additional Information

Cooling Description
None
Attached Structure
Detached
Number Of Units Total
4

Listing courtesy of Listing Agent: Aaron Bove (aaron.bove@colliers.com) from Listing Office: Colliers International SD, Inc.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.