1245 Colusa Street

92110 - Old Town Sd San Diego 92110

BIG PRICE REDUCTION! 1245 Colusa Street is a fully leased and rehabilitated triplex in the desirable Morena neighborhood of San Diego next to University of San Diego. The complex features two structures consisting of a 2-bedroom house at the corner of Lauretta and Colusa, a 2-bedroom / 1-bath unit and fully permitted Studio / 1-Bath ADU within the alley corner structure. The property sits on a 3,312 square foot lot built in 1940. All units have received top tier upgrades such as recessed lighting, new Frigidaire appliance packages, custom white cabinetry and hardware, sliding barn doors, backsplash, coil sinks, fans, flooring, doors and tiled walk-in showers. All units feature washer/dryers and exteriors have received new lighting, landscaping, private rear shed, mailboxes, unit numbers and paint. Morena is a densely populated urban neighborhood of San Diego neighboring Bay Park, Linda Vista, Mission Hills and the University of San Diego. The neighborhood is popular among students and young families with a median age of 25. A majority of the area is made up of homes and rentals with the main food and entertainment corridor along Linda Vista Road which includes breweries, coffee shops, a mixture of local and large food chains and shops. An astute investor may buy the property to live in and rent out the property or finish off renovations of the front house and sit on the property as a long-term investment.