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5419 Lauretta St Apt A &B San Diego, CA 92110
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision San Diego
MLS Listing ID 260013430SD
HOA Y/N No
Year Built 1975
Property Description
Opportunity Knocks! Exceptional investment and development opportunity in a highly sought-after location just a short walk to USD. This unique property features two spacious 3-bedroom, 2-bath condos situated toward the rear of the lot, creating immediate rental income while preserving future development potential. The existing improvements offer flexibility for investors, developers, and owner-users alike. Continue generating income from the current units while exploring opportunities to maximize the property's highest and best use. The positioning of the buildings on the lot may provide additional development options, making this an ideal hold-and-develop asset. The garages present potential conversion opportunities or possible ADU configurations, subject to buyer verification and city approval. Located in one of San Diego's strongest rental markets, the property benefits from close proximity to USD, Mission Bay, beaches, shopping, dining, major employment centers, and convenient freeway access. Demand for housing in this area remains consistently strong, making this an attractive opportunity for both short- and long-term investors. Whether you're looking to generate cash flow today, add value through improvements, or pursue future development, this property offers a rare combination of location, income, and upside potential. See attached Development Opportunity Analysis for additional information regarding possible future uses and development scenarios. Buyer to verify all information.
Location
State CA
County San Diego
Area 92110 - Old Town Sd
Building/Complex Name Silver Terrace Addition
Zoning R-3-7
Interior
Heating Combination
Cooling None
Fireplace No
Exterior
View Y/N No
Roof Type Rolled/Hot Mop
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 43655103(01 & 02)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Lanz Correia Coldwell Banker West #01883404