Pssoible situation for seller financing. This Grand Victorian Lady, that can be viewed on the east side of HWY 5 as you pass downtown, proudly represents a bygone era. Built in 1887, the Sherman Doig historically designated, Mills Acted home, is in amazing condition. With new purchase price, property taxes will be only approximately $5,000-$6,000 per year due to the Mills Act. Buyers could live on the top two floors which is a 2000 square foot apartment and rent out the lower floors to pay their mortgage. Lower two floors have been used for commercial use in the past. Buyer to research zoning. There are too many options to mention. You have to tour this magnificent property to appreciate its versatility. Or Airbnb the top two floors or long term rental. This 15 room Victorian Lady is conveniently located just across the freeway from Downtown. It's walking distance to Little Italy, Balboa Park, San Diego Zoo, Trolley Stops, Gaslamp, Petco Park, Waterfront Park, and San Diego Bay.The possibilities for this completely, unique property are endless. My favorite aspect of this property is that even though it's historic, there is very little deferred maintenance. Much of the house has had the airport soundproofing already.
Seller financing a possibility. The possibilities for this completely, unique property are endless. In the past the bottom two floors have been used for commerical use. Buyer may be able to run a Bed and Breakfast or just do long term rentals on all five areas that could be made separate from each other. My favorite aspect of this property is that even though it's historic, there is no deferred maintenance. The heating and air conditioning systems have been replaced.. In fact it had the Airport Authority sound proofing a few years ago. The roof is only 7 years old. The entire house was completely painted recently and the driveway, where you can park 6 cars tandem, was redone as well.