3814 Merivale Ave, Normal Heights, CA 92116

$699,999
3
BD
2.0
BA
1,555
SqFt
List Price
$699,999
Price Change
▼ $74,801 1518154078
Days on Market
124
Status
PENDING
MLS#
170054375
Bedrooms
3
Bathrooms
2.0
Living Sq. Ft
1,555
Lot Size(Range)
4,000-7,499 SF
Lot Size(apprx.)
6,218
Ownership
Fee Simple
Property Type
Single Family Residential
Year Built
1930

Property Description

Price reduction! Price to sell - bring offers.North of Adams Avenue, this elegant beauty consists of a 3 bed / 2 bath Located central to parks, cultural areas, coffee houses and restaurants, this is move-in ready for a family or a savvy investor wanting to own in a prime area

Additional Information

Stories
1 Story
Roof
Composition
Additional Rooms
Bedroom Entry Level, Guest Maid, MBR Entry Level, Living Room, All Bedrooms Down
Cooling
Central Forced Air
Heat Equipment
Floor Furnace
Heat Source
Natural Gas
Parking Garage Spaces
3
Age Restriction
N/K

Room Dimensions

Dining Room
9x7
Kitchen
15x7
Living Room
21x17
Extra Room 1
7x6
Supplement
This elegant beauty located north of Adams Avenue within the Normal Heights neighborhood is centrally located to parks, cultural areas, coffee houses and restaurants. Once you are home you will not feel the need to venture far. The floorplan of this home is multi-functional as either a spacious single-family residence or as a rental duplex due to its layout and amenities. Perfectly appointed as a single-family home boasting 3 bedrooms and 2 bathrooms, the property has rich, solid hardwood floors which flows throughout the living and dining room areas. Abundant natural light shines through the multiple sliding doors ensuring that the home is light and airy. The third bedroom has a sitting area, an ensuite bathroom, personal kitchen, private garage, and a private entry making it the perfect in-law, nanny suite or rental. The home has the luxury of a central air conditioning system, a rarity in San Diego properties. The outdoor living space consists of two patio areas off of the living room and master bedroom along with a third patio in the back of the home. The prize of the property is an enormous 3-car garage. The garage, one of the largest in Normal Heights, has been partitioned off into a 2-car garage with workshop space and an additional oversized 1-car garage. There is also RV parking available in the long driveway. The property can fully function as a 3 bedroom, 2 bathroom, 2 kitchen family home or as a rental property consisting of a 2 bed, 1 bath home and a separate 1 bed, 1 bath studio due to the partitioning of the studio and the studio’s self-contained kitchen and full size bathroom. If used as a duplex consisting of a 2-bed / 1 bath and a studio, the pro forma gross market rents are over $50,000 with a CAP rate of 4%. For further value-add, if used as a short-term rental, the property has the potential to produce 2 to 3 times the revenue. 3814 Merivale is a prime single-family residence or long-term rental property for any family or investor that wants to own within an exclusive residential neighborhood north of Adams Avenue and bordering Kensington.

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Reef Point Realty, Inc