Active

303-321 Olive Street

Mission Hills CA, 92103

$4,050,000


$736.36 per sqft

Active

5,500 sqft

Commercial

Introducing Olive Villas, a prestigious offering nestled in the highly desirable Bankers Hill neighborhood of San Diego. This exceptional rental community is a captivating showcase of Spanish architecture. It presents an unparalleled opportunity for real estate investors to acquire a pristine property, unburdened by any outstanding debts. Comprising four separate buildings that collectively encompass 5,500 sq. ft., Olive Villas graces a generous 7,544 sq. ft. corner lot. This charming property features nine one-bedroom, one-bath units, and one studio, all thoughtfully upgraded to meet modern standards. Notably, units 313 and 317 stand as prime examples of the transformation, boasting exquisite details such as fresh white Shaker cabinets, refined Quartz countertops, recessed lighting, cutting-edge stainless steel appliances, dishwashers, built-in microwaves, durable vinyl plank flooring, in-unit washer/dryers, and contemporary interior paint. The property's exterior shines with newly painted wood, rails, and fences, while the roofs were replaced in 2018. Additionally, this property offers four garages, providing the new owner with the potential to convert them into Accessory Dwelling Units (ADUs). With a professional management team in place, residents at Olive Villas enjoy a delightful living experience. They can revel in the charming common area, utilize the convenient laundry facilities, and appreciate the security of a gated entry. Four garages and four off-street parking spaces offer residents added convenience and comfort.

230021051

MLS ID

October 25, 2023

Listed

February 15, 2024

Updated

Map

303-321 Olive Street
Mission Hills CA, 92103

Other Property Details

Area Name

Metro Uptown


Days on Market

33


Garage

Yes


Parking

Garage


View

No


County

San Diego


Pool

No


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

11/27/2023

Price Change

$4,050,000

-3%

Listed by Acre Investment Real Estate, Bill Anderson,
Listing Contact: 858-245-4887 

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