Presenting The JordanHouse - A beautiful Prairie-Style turn-of-the-century residence that operates as a Single Room Occupancy (SRO) investment in the strong sub-market of Golden Hill, directly adjacent to Downtown San Diego. The savvy investor will appreciate this property as a solid performing addition to their portfolio or as an ideal 1031 exchange upleg. The property is comprised of (11) single-room occupancy (SRO) rooms/units, which share common kitchen & bathrooms. All of the units are furnished by owner, and managed impeccably - Entire house & property is in excellent condition with many recent upgrades; this is a perfect turnkey investment. Upside in current rents; Potential further upside in rental income by positioning property as a Short Term Rental / AirBNB operation for increased return. Every system of the home has been updated or remodeled over the past several years. Most recently, a high-end security system was installed eliminating the need for a night manager. Other recent upgrades include electrical updating, new windows, Foundation Reinforcement, Main Sewer Drain Reline, On-Demand Water Heater, New Furnace, Several exterior common area enhancements & so much more. Most of the tenants are longer term quality tenants. Tenants pay weekly w/ rents adjusted to size and view of room. All units fully furnished and include all utilities. This property is a great cash flow investment, with minimal expenses and available to be purchased with residential financing. Property is in an area with several historic homes. New owner may be able to submit to city for Mills Act designation for substantial tax savings. Buyer to verify all prior to close of escrow
