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Listed by Christian Ballow • Gene Bowman Realty
$1,100,000
Est. payment /mo
4 Beds
3 Baths
1,314 SqFt
Price Dropped by $99K
2624 Comstock Street San Diego, CA 92111
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,314 sqft
Price per Sqft $837
MLS Listing ID 8P-2602930
Bedrooms 4
Full Baths 3
Year Built 1946
Lot Size 4,900 Sqft
Property Sub-Type Single Family Residence
Source California Regional Multiple Listing Service (CRMLS)
Property Description
2624 Comstock Street is a fully permitted 5-unit development opportunity in Linda Vista — ADU permits approved and RTI by the City of San Diego. The hard work is done. No permitting risk. No design delays. No waiting on the city. The back-of-lot build consists of four brand-new ADUs across two 2-story buildings (2,160 SF total): two 1BD/1BA units at 430 SF and two 2BD/1BA units at 650 SF — each with in-unit laundry, ductless mini-split HVAC, and private decks on upper units. At market rents, the four ADUs project to $9,400–$10,400/month in gross income upon stabilization. Combined with the front home's current lease at $4,095/month, this property pencils to up to $15,000/month in total gross rents — all on a single APN. While you build, the front home carries you. Completely remodeled from the studs up — new roof, new HVAC, new windows, new doors, new kitchen, new bathrooms, and new flooring throughout. Currently tenant-occupied at $4,095/month with immediate cash flow from day one. Shovel-ready permits, a fully remodeled front home generating $4,095/month in current rent, and a clear path to $15,000/month in gross income upon ADU completion — all on a single APN in Linda Vista. For a developer or investor looking for a turnkey entry into a high-demand San Diego submarket, 2624 Comstock is a straightforward opportunity at an attractive price point.
Location
State CA
County San Diego
Area 92111 - Linda Vista
Zoning RM-1-1
Interior
Cooling Central Air
Fireplaces Type None
Laundry Inside
Exterior
Garage Spaces 2.0
Pool None
Community Features Curbs
View Y/N Yes
Building
Lot Description Yard
Sewer Public Sewer
Others
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