3553 Landis Street, San Diego, CA 92104
3553 Landis Street, San Diego, CA 92104
3553 Landis Street, San Diego, CA 92104
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$1,895,000
Est. payment /mo
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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision North Park

MLS Listing ID 260017219SD

HOA Y/N No

Year Built 1987

Property Description

Price reduced by $100,000. Bring all Offers. The Landis Canyon Apartments is a 4-unit, canyon-facing property built in 1987, consisting of four large 3BR/2BA units situated on a 0.21-acre flat lot in the highly desirable 92104 zip code. The asset offers stabilized market rents with current income of approximately $11,400/month, along with architectural plans in place to add two additional units (2BR/2BA + 3BR/3BA), projected to generate an additional ~$7,000/month. The property is centrally located between the 805 and 15 freeways, within close proximity to North Park, South Park, and Normal Heights. Tenants benefit from walkable access to retail, dining, and entertainment, while the large unit sizes appeal to both families—due to nearby schools and conveniences—and young professionals seeking an urban lifestyle

Location

State CA

County San Diego

Area 92104 - North Park

Building/Complex Name Cherokee Point

Interior

Cooling Zoned

Fireplace No

Exterior

Fence Partial

View Y/N No

Roof Type Composition

Building

Story 2

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 4476412900

Acceptable Financing Conventional

Listing Terms Conventional

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Listed by Thomas McCartin Marcus & Millichap #01427348

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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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