3115 Olive St, San Diego, CA 92104

Property Description

Truly rare-this nearly 12,000 sf North Park private lot has unparalleled views of Switzer Canyon & is home to 2 lovely properties.The 3/2 house, 1,600 esf, is a stunning mid-century with sweeping canyon views from every room & the parcel is a gardener's dream! The 2+1 opt./1 bath house, 1,000 esf, is loaded w/character, a basement & its own canyon view deck. Both houses have a 2 car garage & laundry.See supp. remarks & attachments! Family compound? Live in one and rent the other? What an opportunity! The smaller house facing Nutmeg Place was built by the Sellers' parents in 1942. They built the larger house in 1956. The smaller house was occupied by tenants for many years paying under market value rent. Amazing short-term or long-term rental income potential here-please see attached Pro Forma. Would also make a great inter-generational family compound! The list of improvements to the properties is extensive, please see the attachment. There is plenty of room for that dream orchard or vineyard! This prime parcel is in the heart of North Park minutes to Balboa Park and adjoining metro neighborhoods. In addition to enjoying Switzer Canyon and views all the way to downtown, there is always plenty to enjoy in this lively community filled with its quaint business district, coffee houses, breweries and restaurants. Neighborhoods: North Park Exterior: Wood/Stucco Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 3115 Olive Unit # for Unit 2: Nutmeg Unit 1 Parking Spaces: 4 Unit 2 Parking Spaces: 6 Unit 3 Parking Spaces: 0 Unit 4 Parking Spaces: 0 Number of Furnished Units: 0 Topography: ,,GSL