50
See all 50 photos
$907,500
$999,999 9.2%
Est. payment /mo
1.05 Acres Lot
Sold on 05/16/2025
5305 07 Santa Margarita ST San Diego, CA 92114
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Key Details
Sold Price $907,500
Property Type Residential Income
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PTP2502578
Year Built 1959
Lot Size 1.050 Acres
Property Description
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!
Location
State CA
County San Diego
Area 92114 - Encanto
Zoning R-2
Interior
Laundry See Remarks
Exterior
Pool None
Community Features Mountainous
View Y/N No
Building
Lot Description Lot Over 40000 Sqft, Value In Land, Yard
Story 1
Sewer Public Sewer
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Trust
Listed by Lani Sylvas Coldwell Banker West Lani@sandiego-lifestyle.com
Bought with Lani Sylvas Coldwell Banker West
Bought with Lani Sylvas Coldwell Banker West