NOT LISTED FOR SALE
4 Beds
4 Baths
2,500 Sq Ft
5,663 Sq Ft Lot

Last Sold August 07, 2023

Last sale price $1,340,000 $536 Per Sq Ft

11 Days on Market

About This Home

As of August 2023

We are pleased to present 1055 21st St, a 4-unit community located in the Golden Hill neighborhood of San Diego, California. The two-story property is situated on a 0.14 acre lot and is comprised of four (4) one-bedroom/one-bathroom units totaling approximately 2,500 rentable square feet. The subject property is located in Golden Hill, a neighborhood situated on the south end of the world-famous Balboa Park. Golden Hill is well known for its easy access to major employment centers such as Downtown, Mission Valley, and South Bay. The area has recently come to see an influx of new bars and restaurants pushing south from North Park along the 30th St corridor and Fern St. High walkability, chic local diners which showcase a sense of place and convenience to Balboa Park, Downtown, and freeways make this niche neighborhood extremely desirable. Often touted as a ‘haven’ for artists and musicians, it is home to Black Box Recording Studios, The Habitat Recording Studios, Influx Café, Turf Supper Club, Krakatoa, and Pizzeria Luigi. The new owner will enjoy the security of having the property situated near infrastructure, jobs, as well as having easy access to Highway 94, Interstate 5, and Downtown. This offering is perfect for a value-add investor looking to purchase a rarely traded asset and take advantage of one of the fastest growing areas in San Diego. This property is one of five properties in a portfolio being offered for sale. Each property can be purchased on an individual basis.

Last Agent to Sell the Property

Austin Huffman

Marcus & Millichap License #01981817 Listed on: 05/25/2023

Last Buyer's Agent

Kire Nastevski

Marcus & Millichap License #01312183

Property Details

Home Type

  • Multi-Family

Lot Details

  • 5,663

Interior Spaces

  • 2-Story Property

Listing and Financial Details

  • Assessor Parcel Number 534-266-02-00

Community Details

Overview

  • 4 Units
  • Fourplex Community

Building Details

  • Net Operating Income $40,197

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: C St, 21st St, Broadway
  • Neighborhood: Golden Hill
  • Stories: 2 Story
  • Sale Price List Price: 0.97
  • Total Stories: 2
  • Year Built: 9999
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Condo/Co-op/Association

  • Complex Name: Fourplex
  • Community: SAN DIEGO

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 534-266-02-00

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 40197
  • Annual Expense Actual: 30283
  • Gross Rent Multiplier Actual: 18.92
  • Gross Sched Income Actual: 72660
  • Number Of Buildings: 1
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4

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
08/07/2023 08/07/23 Sold $1,340,000 -2.5% $536 / Sq Ft
06/06/2023 06/06/23 Pending -- -- --
05/25/2023 05/25/23 For Sale $1,375,000 -- $550 / 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: 230009770

San Diego MLS

APN: 534-266-02-00