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$ 890,000
Est. payment /mo
New
3845 Ocean View Blvd San Diego, CA 92113
5 Beds
2 Baths
1,423 SqFt
UPDATED:
02/21/2025 11:49 PM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 1,423 sqft
Price per Sqft $625
Subdivision Logan Heights
MLS Listing ID 250019239
Bedrooms 5
Full Baths 2
HOA Y/N No
Year Built 1952
Lot Size 6,800 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Discover the perfect blend of potential and immediate value with this unique property featuring two separate homes on an expansive lot. The front residence, while well-maintained, retains its original charm, offering a fantastic opportunity for personalization and modernization. Meanwhile, the rear 2-bedroom, 1-bath unit has been beautifully remodeled, boasting stylish updates and move-in-ready comfort. Ideal for multi-generational living, rental income, or future development, this property is thoughtfully designed with separate access and privacy. The rear unit enjoys alley access, a generous private yard, and ample parking, making it a prime income-producing opportunity. With a recent purchase and strategic upgrades to the rear home, the current owner has positioned this property as a rare find—ready to generate instant rental income while leaving room for the next owner to unlock its full potential. A rare opportunity with so many possibilities—don't miss out!
**The Benefits of Owning a Duplex** Investing in a **duplex** offers numerous financial and lifestyle advantages, making it an excellent choice for homeowners and investors alike. Whether you plan to live in one unit while renting the other or lease both for passive income, a duplex provides a unique opportunity to build wealth and maximize property value. **1. Generate Rental Income** One of the biggest advantages of owning a duplex is the ability to **generate rental income**. By leasing out one or both units, you can significantly offset mortgage payments, property taxes, and maintenance costs. This built-in revenue stream makes a duplex an attractive option for first-time buyers and seasoned investors. **2. Live in One, Rent the Other** Owner-occupants can benefit from **house hacking**, a strategy where you live in one unit while renting out the other. This can reduce or even eliminate your monthly housing expenses, allowing you to build equity with minimal financial strain. **3. Increased Property Value & Appreciation** Multi-unit properties, including duplexes, tend to appreciate over time, especially in high-demand areas. With two separate living spaces, **a duplex often holds more value than a single-family home**, providing a stronger return on investment in the long run. **4. Tax Advantages** Owning a rental property comes with **valuable tax deductions**, including mortgage interest, property depreciation, repairs, maintenance, and even certain home expenses if you occupy one unit. These financial benefits can significantly reduce your taxable income. **5. Flexibility & Multi-Generational Living** A duplex is an excellent solution for **multi-generational families**, offering proximity while maintaining privacy. Parents, adult children, or extended family members can live close by without compromising independence. Alternatively, the additional unit can serve as a **guest house or home office**. **6. Easier Financing & Lower Risk** Lenders often view duplexes as lower-risk investments due to their **income-generating potential**. If you plan to occupy one unit, you may also qualify for **owner-occupied financing options**, including FHA loans, which require lower down payments compared to traditional investment properties. **7. Diversified Investment Strategy** Owning a duplex helps you **diversify your real estate portfolio**. Instead of relying on a single unit for income or appreciation, you have **two separate revenue sources**, reducing financial risk in changing market conditions. **8. Future Flexibility & Long-Term Potential** A duplex provides **long-term flexibility**—you can start as an owner-occupant and transition into a full-time landlord later. Additionally, a well-maintained duplex offers future resale opportunities, whether selling as an investment property or converting it into a single-family home. **A Smart Investment for Any Buyer** Whether you're looking for an **affordable way to own a home, a reliable income-producing asset, or a long-term wealth-building strategy**, a duplex offers an unbeatable combination of benefits. Take advantage of this opportunity to invest wisely, maximize value, and enjoy the financial freedom that comes with owning a multi-unit property.
**The Benefits of Owning a Duplex** Investing in a **duplex** offers numerous financial and lifestyle advantages, making it an excellent choice for homeowners and investors alike. Whether you plan to live in one unit while renting the other or lease both for passive income, a duplex provides a unique opportunity to build wealth and maximize property value. **1. Generate Rental Income** One of the biggest advantages of owning a duplex is the ability to **generate rental income**. By leasing out one or both units, you can significantly offset mortgage payments, property taxes, and maintenance costs. This built-in revenue stream makes a duplex an attractive option for first-time buyers and seasoned investors. **2. Live in One, Rent the Other** Owner-occupants can benefit from **house hacking**, a strategy where you live in one unit while renting out the other. This can reduce or even eliminate your monthly housing expenses, allowing you to build equity with minimal financial strain. **3. Increased Property Value & Appreciation** Multi-unit properties, including duplexes, tend to appreciate over time, especially in high-demand areas. With two separate living spaces, **a duplex often holds more value than a single-family home**, providing a stronger return on investment in the long run. **4. Tax Advantages** Owning a rental property comes with **valuable tax deductions**, including mortgage interest, property depreciation, repairs, maintenance, and even certain home expenses if you occupy one unit. These financial benefits can significantly reduce your taxable income. **5. Flexibility & Multi-Generational Living** A duplex is an excellent solution for **multi-generational families**, offering proximity while maintaining privacy. Parents, adult children, or extended family members can live close by without compromising independence. Alternatively, the additional unit can serve as a **guest house or home office**. **6. Easier Financing & Lower Risk** Lenders often view duplexes as lower-risk investments due to their **income-generating potential**. If you plan to occupy one unit, you may also qualify for **owner-occupied financing options**, including FHA loans, which require lower down payments compared to traditional investment properties. **7. Diversified Investment Strategy** Owning a duplex helps you **diversify your real estate portfolio**. Instead of relying on a single unit for income or appreciation, you have **two separate revenue sources**, reducing financial risk in changing market conditions. **8. Future Flexibility & Long-Term Potential** A duplex provides **long-term flexibility**—you can start as an owner-occupant and transition into a full-time landlord later. Additionally, a well-maintained duplex offers future resale opportunities, whether selling as an investment property or converting it into a single-family home. **A Smart Investment for Any Buyer** Whether you're looking for an **affordable way to own a home, a reliable income-producing asset, or a long-term wealth-building strategy**, a duplex offers an unbeatable combination of benefits. Take advantage of this opportunity to invest wisely, maximize value, and enjoy the financial freedom that comes with owning a multi-unit property.
Location
State CA
County San Diego
Community Logan Heights
Area Logan Heights (92113)
Building/Complex Name Mountain View Parkl
Zoning R-2:MINOR
Interior
Heating Other/Remarks
Fireplaces Number 1
Appliance Wall/Gravity
Exterior
Exterior Feature Stucco, Wood
Parking Features Unit1:N/K Unit2:N/K
Fence Partial
Roof Type Other/Remarks
Building
Lot Description Alley Access
Story 1
Lot Size Range 4000-7499 SF
Sewer Sewer Connected
Water Meter on Property
Level or Stories 1 Story
Others
Acceptable Financing Conventional, VA, Other/Remarks
Listing Terms Conventional, VA, Other/Remarks
Virtual Tour https://www.propertypanorama.com/instaview/snd/250019239
Listed by Prem Advani • Compass
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