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916 Madera St, San Diego, CA, 92114

3beds
3baths
1,586sqft
$800,000
$504price/sqft
$5,540/moest. monthly cost
$221,600/yrincome needed

About This Home

3 incomes built into one property! Fully renovated & permitted garage conversion (ADU) Discover an extraordinary investment opportunity at 916 Madera St, where three income-generating units converge into one unique property, all for under $1 million. This thoughtfully designed asset offers the potential for over $6,000 in monthly income, positioning it as an exceptional choice for both owner-occupants and savvy investors. With options to live in one unit while renting out the others, or lease all three for maximum cash flow, flexibility is at your fingertips. The property features a recent garage conversion, pending final city approval, enhancing its attractiveness in a low vacancy area. Spanning a generous .19-acre lot, this residence not only provides a home but also allows you to offset your mortgage with additional rental income. Why pay homeowner association fees when you can enjoy the benefits of being both a homeowner and a landlord? Seize this unique opportunity to elevate your financial future; properties like this are rare and will not remain on the market for long.

Getting Around

56
WalkingSomewhat Walkable
44
TransitSome Transit
20
BikeSomewhat Bikeable

Schools

4/10
2/10
4/10
Lincoln High SchoolGrades 9-122.2 mi

Construction

Condition

  • Year built: 1935

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: Electric Dryer Hookup,Gas Dryer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 3

Cooling

  • Cooling features: See Remarks,Wall/Window Unit(s),Zoned

Features

  • Fireplace features: None
  • Common walls with other units/homes: 1 Common Wall

Interior Area

  • Total interior livable area: 1,586 sqft

Property

Details

  • Parcel number: 5442012200
  • Attached to another structure: Yes
  • Zoning: R-1:SINGLE FAM-RES
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: South East
  • Pool features: None
  • Has view: Yes
  • View description: Hills,Neighborhood

Lot

  • Lot size: 8,276 sqft
  • Features: 0-1 Unit/Acre,Back Yard,Corner Lot,Front Yard,Landscaped,Level,No Landscaping,Near Public Transit,Yard
  • Lot size dimensions: 118' x 161 x 113 x 17'

Parking

  • Total spaces: 2
  • Uncovered spaces: 2