2014-20 Irving Avenue San Diego, CA 92113

Unique gated turn-key property with Opportunity Zone upside potential. One-of-a-kind in this area receiving $9600 per month rental income. Four (4) One-Bedroom cottages completely renovated with a bonus 5th unit studio (unpermitted). All five units include new kitchens, bathrooms and electric panels, double-paned vinyl windows, mini-split AC/heat units, private fenced-patios, stackable washer dryers and vinyl flooring. Three units have assigned off-street parking spaces. Property is located in Opportunity Zone (per US Dept of Treasury, investors who build get tax discounts after five or seven years and ultimately pay no taxes on capital gains after 10 years) and new zoning laws will allow garage to be permitted as ADU and/or removed to develop large back area with multiple garages and extra units. Studio has been renovated with mini-split A/C/Heat, full kitchen w/ stainless appliances, bath with tub, walk-in closet and stackable washer dryer. It is booked continuously on Airbnb with average $2,500 per month net of fees. Highly desirable rental location with close proximity to downtown, Trolley stop, Petco Stadium and military bases at 32nd Street Naval Station and Naval Base Coronado Island. Easily rents to military personnel at top dollar market rents. Lush landscaping (gardener maintained) with avocado, orange and fig trees. Succulents and other drought tolerant plants are included for low water consumption. Seller (50% of ownership) is also a California Licensed Broker - CalBRE #01888816.