Real estate investor was seeking a cash-out 1st TD on this free-and-clear San Diego investment property. The borrower inherited this property from his mom and intends to remodel the home, and, in turn, garner maximum rental income via Airbnb.com.
Currently the subject is a single-story SFR with 1,350 SF of living space and 7 total rooms with 4 BR/1 BA and 2-car attached garage. The home sits on a large 8,800 sf lot. Upon completion of the remodel, the home will feature 4 BR and 3 BA as well as a 785 SF Additional Dwelling Unit behind the SFR. There will also be a new 500 SF deck off of the SFR. The property is situated near HWY 125 and is close to schools, shopping, restaurants, recreation and medical facilities.
Recent Transaction- $500,000 Business Purpose, San Diego, CA 92119
