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4232 Sharron Pl

San Diego, CA 92115
  • $1,249,000
  • STATUS: ACTIVE
  • ON SITE: 20 Days
  • ID#: 250017488
Price Reduced
UPDATED: 35 min ago
$1,249,000
  • 5
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 1,522
    SQFT
  • $821
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1952
County:

School Ratings & Info

Description

4 Unit Development Opportunity! 7 Units Total... 4232 Sharron Pl is a rare investment opportunity in the heart of San Diego. This property sits on a generous 7,700-square-foot lot and offers three existing income-producing units that were newly renovated. This property also comes with approved permits to build four additional 2-bedroom, 2-bathroom units at 717sf. This property is a perfect fit for developers, investors, or owner-occupants seeking value-add opportunities in a high-demand market. The existing units have all been recently renovated which includes a new roof, all new modern appliances, luxury vinyl tile flooring, new countertops, bathroom fixtures, windows and landscaping. The main house is 3B/2B at 955sf and offers an open floor plan with spacious bathrooms. The other two units are identical studios (not permitted) at 285sf that are fully equipped with an electric stove top, full size shower, and in unit laundry. Draft plans for submission to the city to permit the studios come with the purchase. In total the units collect $6600/month. The location of this property is central to San Diego and is only 15 min to downtown. The property is also conveniently located right next to Crawford Highschool and Mann Middle School. Use the following link to access all affiliated documents such as the after completion appraisal value, building plans, photo/video, and full proforma. https://drive.google.com/drive/folders/1Dg6Uv6nrazRfMHr2-dpFmHAlpSTex0pu?usp=drive_link

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
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4232 Sharron Pl San Diego, CA 92115

  • Price: $1,249,000
  • Status: ACTIVE
  • On Site: 20 Days
  • Updated: 35 min ago
  • ID#: 250017488
5
Beds
4
Baths
0
½ Baths
N/A
Acres
1,522
SQFT
$821
$/SQFT
1952
Built
Neighborhood:
El Cerrito
County:
San Diego
Area:
San Diego (92115)
Property Description
4 Unit Development Opportunity! 7 Units Total... 4232 Sharron Pl is a rare investment opportunity in the heart of San Diego. This property sits on a generous 7,700-square-foot lot and offers three existing income-producing units that were newly renovated. This property also comes with approved permits to build four additional 2-bedroom, 2-bathroom units at 717sf. This property is a perfect fit for developers, investors, or owner-occupants seeking value-add opportunities in a high-demand market. The existing units have all been recently renovated which includes a new roof, all new modern appliances, luxury vinyl tile flooring, new countertops, bathroom fixtures, windows and landscaping. The main house is 3B/2B at 955sf and offers an open floor plan with spacious bathrooms. The other two units are identical studios (not permitted) at 285sf that are fully equipped with an electric stove top, full size shower, and in unit laundry. Draft plans for submission to the city to permit the studios come with the purchase. In total the units collect $6600/month. The location of this property is central to San Diego and is only 15 min to downtown. The property is also conveniently located right next to Crawford Highschool and Mann Middle School. Use the following link to access all affiliated documents such as the after completion appraisal value, building plans, photo/video, and full proforma. https://drive.google.com/drive/folders/1Dg6Uv6nrazRfMHr2-dpFmHAlpSTex0pu?usp=drive_link
Exterior Features

Exterior Stucco Fencing Cross Fencing Irrigation Drip Roof Composition Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Units With Garages 0 Units With Patios 1

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Heat Source ElectricNatural Gas Stories 1 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Units With Cooling 2 Units With Dishwashers 1 Units With Dryers 1 Units With Fireplaces 0 Units With Range Oven 1 Units With Refrigerators 3 Units With Washers 1

Property Features

Actual Cap Rate 4.0 Age Restrictions N/K Annual Expense Actual 24600 Association ID San Diego Association of REALTORS (SDAR) Buildings 1 Cfd Mello Roos Fee 0.0 Community SAN DIEGO Complex Park N/a Cross Streets Trojan Ave/Sharron Gross Rent Multiplier Actual 17.0 Gross Scheduled Income Actual 79200 Home Owners Fees 0.0 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 4.5 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays WaterElectricityGas/Propane Terms AssumableCashConventional Unit1 Deposit 3600 Unit1 Occupied Tenant Unit1 Projected Rent 3800.0 Unit1 Rent Actual 3600.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Projected Rent 1800.0 Unit2 Rent Actual 1500.0 Unit3 Deposit 0 Unit3 Occupied Tenant Unit3 Projected Rent 1800 Unit3 Rent Actual 1500.0

San Diego MLS logo Listing provided courtesy of Rory Cornelius of ROA California Inc: 760-710-1897. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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