$ 907,500 $ 999,999 9.2%

5305 07 Santa Margarita ST

San Diego, CA 92114

  • 1.05 Lot Size
  • 1959 Year Built
Amazing Investment Opportunity in Encanto. 2 houses on 1 lot. Each home is 2 bedroom 1 bath. Nestled on 1 acre of land, this this RM-1 zoning unlocks the potential to build up to 12 additional units, offering significant future development possibilities. This 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!
Listed by Lani Sylvas of Coldwell Banker West , Sold By Lani Sylvas of Coldwell Banker West

PROPERTY DETAIL

  • Key Details

    Sold Price $907,500

    Property Type Single Family Home

    Listing Status Sold

    Purchase Type For Sale

    MLS Listing ID PTP2502578

    Year Built 1959

    Lot Size 1.050 Acres

  • Location

    State CA

    County San Diego

    Area 92114 - Encanto

    Zoning R-2

  • Building

    Lot Description Lot Over 40000 Sqft, Value In Land, Yard

    Story 1

    Sewer Public Sewer

  • Interior

    Laundry See Remarks

  • Exterior

    Pool None

    Community Features Mountainous

    View Y/N No

  • Others

    Acceptable Financing Cash, Conventional

    Listing Terms Cash, Conventional

    Special Listing Condition Trust

CONTACT

Lani Sylvas
Lani Sylvas

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