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Previous Description:
One-of-a-kind rural duplex on over 1 acre of land featuring two beautifully rustic 2-bedroom, 1-bathroom + detached office units nestled in the heart of breathtaking Torrey Hills. Enjoy tranquil coastal living in a country-like setting, just minutes from all the amenities of Torrey Hills and Del Mar. This 2-unit property has been a successful short and long-term rental. In-place long-term rents are $5,995 and $5,370, with future short-term monthly bookings grossing over $8,700 per unit. The property is a non-conforming legal duplex, which allows for incredible expansion potential. The base zoning of AR-1-2 alone permits 20% lot coverage, and statewide ADU laws could possibly allow for multiple ADUs to be built on the acre. Schematic design, topographic survey, and biological technical report are complete. The exceptional rental income and development potential make this property a once-in-a-lifetime investment opportunity in one of San Diego’s most desirable locations.
Updated Description:
One-of-a-kind rural duplex on over 1 acre of land featuring two beautifully rustic 2-bedroom, 1-bathroom + detached office units nestled in the heart of breathtaking Torrey Hills. Enjoy tranquil coastal living in a country-like setting, just minutes from all the amenities of Torrey Hills and Del Mar. This 2-unit property has been a successful short and long-term rental. In-place long-term rent is $5,370 for one unit and short-term monthly revenue for 3856 has grossed up to $12k per month in the past. The property is a non-conforming legal duplex, which allows for incredible expansion potential. The base zoning of AR-1-2 alone permits 20% lot coverage, and statewide ADU laws could possibly allow for multiple ADUs to be built on the acre. Schematic design, topographic survey, and biological technical report are complete. The exceptional rental income and development potential make this property a once-in-a-lifetime investment opportunity in one of San Diego’s most desirable locations.
