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$3,250,000
NDP2210981 MLS Active Status
We have over an acre listed for sale in San Ysidro, located within an Opportunity Zone and Transit Priority Area. The opportunity offers 7 multifamily units producing over $20,000 per month. The owner is currently producing additional income from parking and three non-conforming units on site in excess of $3,000 additional, per month. The offering will produce solid cash flow while going through entitlements. About San Ysidro: San Ysidro is an often misunderstood and ever evolving sub-market of San Diego County and within the city of San Diego. One of the last infill frontiers of San Diego County and a great way to tap into a population of over two million people located just five miles away in Tijuana. The San Ysidro Port of Entry is the busiest port of entry in the Western Hemisphere, with 62,792 vehicles and pedestrians crossing, per day. As housing becomes more expensive in Tijuana and South San Diego, the San Ysidro market will continue to attract residents as more housing is built, both affordable and market rate. Market rents in this neighborhood range from $1,500 for studios, $2,000 for one beds, $2,200-$2,500 for two beds and $3,000 for three beds. For comparison, nice apartments in TJ easily rent for $1,300 for one beds all the way to $2,500 for three beds, with rents far above and below depending on size, renovations and building type. Multifamily Development Options: By right you can build 17 units plus 2 ADUs, for 19 units total Micro units can build 34 units plus 2 ADUs Affordable you can build 26 units plus 2 ADUs The city states commercial and mixed us can be built here

104 Alverson Road, San Ysidro

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.

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