Amazing Investment Opportunity in Encanto. 2 houses on 1 lot. Nestled on 1 acre of land, this is a unique opportunity to own two separate homes currently on the property as well as build additional multiple units. This RM-1, 43,738 lot is located in transit priority area, and sustainable development area is your perfect opportunity to create multigenerational living, add additional rental income, or a flexible lifestyle. Both homes currently on the property offer comfort and privacy, approximately 920 square feet of living space each featuring spacious living areas, kitchens, and nice size bedrooms. The lot itself is a blank canvas with ample space. Whether you''re dreaming of a family compound, rental income, or future development, this is your chance to own a prime piece of real estate with endless potential. Spacious, flexible, and full of possibilities, properties like this don’t come around often. This is a rare opportunity to own a versatile and spacious piece of real estate. Don’t let this one slip away—your dream starts here!
Property Details
Price:
$999,999
MLS #:
PTP2500629
Status:
Active
Baths:
0
Address:
5305 Santa Margarita Street
Type:
Residential Income
Neighborhood:
92114encanto
City:
San Diego
Listed Date:
Jan 24, 2025
State:
CA
ZIP:
92114
Lot Size:
45,738 sqft / 1.05 acres (approx)
Year Built:
1959
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Schools
Interior
Exterior
Community Features
Mountainous
Garage Spaces
0.00
Lot Features
Lot Over 40000 Sqft, Value In Land, Yard
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
Financial
Association Fee
0.00
Map
Community
- Address5305 Santa Margarita Street San Diego CA
- Area92114 – Encanto
- CitySan Diego
- CountySan Diego
- Zip Code92114
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5305 Santa Margarita Street
San Diego, CA
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