402 Church Ave

PRIME MIXED-USE REDEVELOPMENT PROPERTY!! Multiple redevelopment scenarios from 49 AFFORDABLE UNITS + 8 ADU's; OR 10 Lot Possibility FOR INDIVIDUAL TOWNHOMES; OR 10 Units + 8 ADU's; or build 2 TOWNHOMES OR 6 ADDITIONAL UNITS to replace commercial Mechanics Shop on Back Alley. Keep the four residential units in place while entitling and building out back two buildings for income. Or Mechanic Owner/User with 4 Residential Income Units on Front 2-Story building. This property has a variety of options and potential for a future investor or developer from small projects to large affordable units. Bring your developers large or small as SB386 paves the way. All tenants on M-M with lower than market rents for value add. 10 % increases will bring this to approx. TO A 5.22% CAP. Both buildings insured separately connected by emergency exit exterior 2nd- floor wooden staircase attached to both buildings. Gated property, on corner of Church Ave. and G St- WITH LEGAL ADDRESSES OF 402 CHURCH FOR UNITS 2(2B/1B $1870/m) , 3(2B/1B $1980/m) & 4(2B/1B $2200/m) + each pay utilities, except water; 282 G ST. (2B/2B $2300/m + utilities, except water) AND MECHANICS SHOP 286 G ST. ($2500/m + all utilities including water)one block off 3RD AVENUE PROMENADE- FAMOUS Walking Retail, Restaurant & Commercial District with Mass Transit. MECHANICS SHOP SEPARATELY METERED; TENANT PAYS WATER & G&E. ALL FOUR RESIDENTIAL UNITS SEPARATELY METERED FOR SDGE. LANDLORD PAYS WATER ON 4 RESIDENTIAL UNITS. 2B/2B AT 282 G STREET HAS 2 POINT INGRESS/EGRESS AS WERE LEGALLY CONVERTED RESIDENTIAL UNITS ONCE OFFICES.