NOT LISTED FOR SALE
4 Beds
2 Baths
2,000 Sq Ft
1945 Built

Last Sold June 13, 2022

Last sale price $1,782,112 $891 Per Sq Ft

6 Days on Market

Highlights

  • 1-Story Property
  • Pacific Beach Elementary School Rated A-
  • Property is Fully Fenced

About This Home

As of June 2022

What an amazing opportunity to own a large lot in PB just 3 blocks from Law Street beach! This property hasn't been available since 1979 and has been an awesome rental income property for years. 2/1 front house and 2/1 back house with ally access in the back. The options are endless. Keep the property rented, build the home of your dreams or build a few units for investment property (zoned R-3). One of the original PB bungalows with PB charm and a perfect location - don't wait on this one. The property right next door just sold with multiple offers. Pics are from the front house. LA is executor and trustee.

Last Agent to Sell the Property

Kathy Dryden

Owen Properties License #01831216 Listed on: 05/20/2022

Last Buyer's Agent

Brad Brinkman

eXp Realty of California Inc License #01221928

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • 1945

Home Design

  • Clay Roof
  • Stucco Exterior

Additional Features

  • 1-Story Property
  • Property is Fully Fenced

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 415-490-04-00

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Net Operating Income $40,000

Property Details

Home Type

Multi-Family

Year Built

1945

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Coastal South
  • Cross Street: Law and Cass
  • Neighborhood: Pacific Beach
  • Stories: 1 Story
  • Sale Price List Price: 0.94
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1945

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full
  • Roof: Tile/Clay

Utilities

  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Community: PACIFIC BEACH
  • Manager Name: Kathy Dryden
  • Manager Phone: 858-740-1920

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 415-490-04-00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 40000
  • Annual Expense Actual: 5000
  • Gross Rent Multiplier Actual: 42.0
  • Gross Sched Income Actual: 44100
  • Number Of Buildings: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2022 06/13/22 Sold $1,782,112 -6.2% $891 / Sq Ft
05/27/2022 05/27/22 Pending -- -- --
05/20/2022 05/20/22 For Sale $1,900,000 -- $950 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 220012516

San Diego MLS