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3001 Channing St
For Sale $765,000 ($153.00 per Sq Ft)
$765,000 ($153.00 per Sq Ft)
- 5 Bedrooms
- 2 Bathrooms
- 5,000 Sq Ft
- 14,300 Sq Ft
Description
Asking Price: $849,000
Discover an incredible investment opportunity with this property offering significant potential. The existing home spans 5,000 sq ft and includes 5 bedrooms and 2 bathrooms. It is a blank canvas, needing a full rehab down to the studs. An added bonus is the garage, which has the potential to be converted into an Accessory Dwelling Unit (ADU).
The property sits on four plots totaling 14,300 sq ft, providing ample space for various development options.
Investment Opportunities:
Rehab & Convert: Rehab the current home and convert the garage into an ADU. Rehab quotes are estimated at $250,000, with an After Repair Value (ARV) of approximately $1.5 million.
New Construction: Alternatively, you can build 2-3 duplexes on the land, with each unit having a resale value of around $950,000. Legal and contractor consultations have already been completed, and an architect and contractor are ready to start the project.
This property offers a unique chance to maximize your return on investment through either rehabilitation or new construction. Don’t miss out on this exceptional opportunity!
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $765,000 |
| Property Type | Single Family Homes |
| Usable Sqft | 5,000 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1925 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 4360//0808 |
| MLS # | DCDC2151816 |
| Property ID | 320704320 |
| Lot Sqft | 14,300 |
| Zoning | R |
| Days on Market | 112 |
| Original List Price | Unknown |
| Date Updated | November 04, 2024 |
| Date Created | July 23, 2024 |
Listing Provided By
Thomas S Hennerty an agent of .
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Data last updated: November 12, 2024.
Robert Crawford
REAL ESTATE AGENT