NOT LISTED FOR SALE
4 Beds
2 Baths
756 Sq Ft
6,237 Sq Ft Lot

Last Sold December 30, 2022

Last sale price $1,680,675 $2,223 Per Sq Ft

41 Days on Market

Highlights

  • 1-Story Property
  • Partially Fenced Property
  • Level Lot
  • Pacific Beach Elementary School Rated A-

About This Home

As of December 2022

Two houses on 50x125 ft lot located just 5 blocks from the beach. Great development opportunity or live in one and rent the other. Zoning would allow additional units. Quiet neighborhood, good location close to waves, restaurants and all Pacific Beach has to offer. First time on the market in over 50 years. This is a Trust Sale to settle an estate. Has been a long-term rental. Tenants are month to month but would like to stay. The front house is a 2-bedroom 1 bath plus a den. Formal dining area, private closed in patio and yard plus double garage. The back house is a 2-bedroom one bath with car port and private patio area.

Last Agent to Sell the Property

Estelle Hayes

Solymar Real Estate License #01223678 Listed on: 10/19/2022

Last Buyer's Agent

Patrick Cairncross

Berkshire Hathaway HomeServices California Properties License #01984531

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • 1941

Lot Details

  • 6,237 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 415-490-13-00

Community Details

Overview

  • 2 Buildings
  • 2 Units

Pet Policy

  • No Pets Allowed

Building Details

  • Net Operating Income $57,900

Property Details

Home Type

Multi-Family

Year Built

1941

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Coastal South
  • Cross Street: Dawes
  • Neighborhood: Pacific Beach
  • Stories: 1 Story
  • Sale Price List Price: 0.91
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1941

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Pets Allowed: No Pets Allowed
  • Community: PACIFIC BEACH

Schools

  • School District URL: https://www.sandiegounified.org/

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: R3
  • Assessor Parcel Number: 415-490-13-00
  • Land Use Code: R3
  • Estimated Lot Dimensions: 50x125
  • Estimated Lot Sq Ft: 6237

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 57900
  • Annual Expense Actual: 10500
  • Gross Rent Multiplier Actual: 27.0
  • Gross Rent Multiplier Projected: 24.4
  • Gross Sched Income Actual: 68400
  • Gross Sched Income Projected: 75600
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Dryers: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 1

Range of Values:

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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 List to Sale Price per Sq Ft
12/30/2022 12/30/22 Sold $1,680,675 -9.2% $2,223 / Sq Ft
11/30/2022 11/30/22 Pending -- -- --
10/19/2022 10/19/22 For Sale $1,850,000 -- $2,447 / 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: 220026284

San Diego MLS

APN: 415-490-13-00