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2624 Comstock Street — San Diego — 4 Beds • 3 Baths • 1,314 Sq Ft | Belmont Brokerage

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$1,100,000

$837/ft²

2624 Comstock St, San Diego, CA 92111

Property Description

2624 Comstock Street is a fully permitted 5-unit development opportunity in Linda Vista — ADU permits approved and RTI by the City of San Diego. The hard work is done. No permitting risk. No design delays. No waiting on the city. The back-of-lot build consists of four brand-new ADUs across two 2-story buildings (2,160 SF total): two 1BD/1BA units at 430 SF and two 2BD/1BA units at 650 SF — each with in-unit laundry, ductless mini-split HVAC, and private decks on upper units. At market rents, the four ADUs project to $9,400–$10,400/month in gross income upon stabilization. Combined with the front home's current lease at $4,095/month, this property pencils to up to $15,000/month in total gross rents — all on a single APN. While you build, the front home carries you. Completely remodeled from the studs up — new roof, new HVAC, new windows, new doors, new kitchen, new bathrooms, and new flooring throughout. Currently tenant-occupied at $4,095/month with immediate cash flow from day one. Shovel-ready permits, a fully remodeled front home generating $4,095/month in current rent, and a clear path to $15,000/month in gross income upon ADU completion — all on a single APN in Linda Vista. For a developer or investor looking for a turnkey entry into a high-demand San Diego submarket, 2624 Comstock is a straightforward opportunity at an attractive price point.

Listing provided by: Christian BallowDRE #02046669619-477-1111 Christian@genebowman.com, Gene Bowman Realty

MLS #: PTP2602930