Current Status of the Property –
Lot has been cleared and Ready to go!
Address: 1270 Emerald St. San Diego 92109 – https://www.redfin.com/CA/San-Diego/1270-Emerald-St-92109/home/5135489
Land Comp: 1220 Emerald St. $900,500 sold 10/19/16 https://www.redfin.com/CA/San-Diego/1220-Emerald-St-92109/home/5135519
Finished Comp: several in the area between 1.7M-1.8M
Cost to Build – $550,000
The permit needs to be paid for and pulled by April, otherwise it will expire. There are no issues. Seller just want to sell. However, if he doesn’t find a buyer, he will pull the permit and start building it.
They have already paid for everything that was needed to get the coastal permit approved, ie: architectural, structural, soil test, surveying, water drainage study as well as utility relocation, temp pole, and demo. This is a shovel ready project.
Coastal permit has been paid for and issued. Building permit has been fully signed off and approved. We just have to pay the school fees and inspection fees and pull the permit. These fees amount to about $8000.00
At this time seller doesn’t want to J.V. and prefers to sell fast with cash.
I’m Direct to the Seller and this is an off-market sale! Contact me Direct. Greg@FixandFlippers.com | 858-386-0949