4232 Sharron Pl

Description

4 Unit Development Opportunity! 7 Units Total... 4232 Sharron Pl is a rare investment opportunity in the heart of San Diego. This property sits on a generous 7,700-square-foot lot and offers three existing income-producing units that were newly renovated. This property also comes with approved permits to build four additional 2-bedroom, 2-bathroom units at 717sf. This property is a perfect fit for developers, investors, or owner-occupants seeking value-add opportunities in a high-demand market. The existing units have all been recently renovated which includes a new roof, all new modern appliances, luxury vinyl tile flooring, new countertops, bathroom fixtures, windows and landscaping. The main house is 3B/2B at 955sf and offers an open floor plan with spacious bathrooms. The other two units are identical studios (not permitted) at 285sf that are fully equipped with an electric stove top, full size shower, and in unit laundry. Draft plans for submission to the city to permit the studios come with the purchase. In total the units collect $6600/month. The location of this property is central to San Diego and is only 15 min to downtown. The property is also conveniently located right next to Crawford Highschool and Mann Middle School. Use the following link to access all affiliated documents such as the after completion appraisal value, building plans, photo/video, and full proforma. https://drive.google.com/drive/folders/1Dg6Uv6nrazRfMHr2-dpFmHAlpSTex0pu?usp=drive_link

Listing information courtesy of: Rory Cornelius, ROA California Inc 760-710-1897. *Based on information from the Association of REALTORS/Multiple Listing as of 02/13/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.