3440 42 Egan St, Talmadge/San Diego Central, CA 92115

Property Description

Variance granted for 2-4 Units. RARE MID-CITY PRISTINE TURNKEY 2 HOMES GENERATING RENT INCOME ON 10,500 SQ. FT. LOT ONLY 3 MILES FROM SDSU on a quiet cul de sac with plenty of parking in desirable Redwood Village. THE MAIN HOUSE,1,044 sq. ft., was completely renovated in 2018 with new roof, tile floors, new kitchen with granite countertops, custom cabinetry, bathroom, paint, lights and trims throughout. It has 2 bedrooms, 1 bath and a large versatile converted garage with a fireplace perfect for a 3rd bedroom, home office, family room or additional living space. The electrical system was updated in 2026. THE FULLY PERMITTED ADU, finished in 2024, is 498 sq. ft., has 1 bed, 1 bath, a modern kitchen with granite countertops and appliances, in-unit laundry, mini-split heater/Air Conditioning & an owned solar system. It is currently rented to very reliable, excellent tenants. Lease will end this year. The houses are on different ground levels separated by expansive front yard & backyards offering privacy. THE MASSIVE 10,500 SQ. FT. LOT has extensive space for entertaining, expansion, additional development i.e. pool, ADU. The outdoor space offers attached and detached patios, storage shed, gates, fences, and low maintenance landscaping with enough space for boat or RV storage. This is a rare financial flexibility for owner-occupants, multigenerational living, guests, home offices, or investment, GENERATING IMMEDIATE RENTAL INCOME to offset your mortgage. It offers maximum options from day 1 and conveniently located just minutes from San Diego State University, Mission Valley, Downtown San Diego, Balboa Park/Naval Hospital, North Park, Snapdragon Stadium and major highways including I-8, I-15 and SR-94.