$1,100,000
SOLD AUG 29, 2023 RENTED JAN 3, 2025
8 Beds
4 Baths
2,896 Sq Ft
5,521 Sq Ft Lot

Recently Sold

$380 Per Sq Ft

5% Above List Price

8 Days on Market

About This Home

As of August 2023

Introducing a splendid opportunity to create CASH FLOW and get in front of the lucrative San Diego appreciation. This 4 unit is in one of San Diego’s premium up-and-coming neighborhoods and presents a tremendous VALUE ADD POTENTIAL. Each unit is 2 bed 1 bath with approximately 724SF. Only minutes away from grocery stores, shopping centers, restaurants, and the freeway, everything you can hope for in a neighborhood is only minutes away. Only 4.1 miles to the Coronado bridge and 3.7 miles to Downtown. This property is an absolute PRIME investment. Come take a look!

Last Agent to Sell the Property

Mark Otero

Real Broker License #02174091 Listed on: 07/20/2023

Real Broker

Co-Listed By

Jesse Klein

Real Broker License #02051253

Last Buyer's Agent

Adam Wolf

Redfin Corporation License #01978674

Redfin Corporation

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 5,521 Sq Ft Lot
  • Gated Home

Home Design

  • Stucco Exterior

Additional Features

  • 2-Story Property
  • Gas Water Heater

Community Details

  • 4 Units
  • Net Operating Income $50,000

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 5502040300

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: Newton Ave
  • Neighborhood: Emerson Heights
  • Stories: 2 Story
  • Sale Price List Price: 1.05
  • Total Stories: 2
  • Year Built: 1960
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Gate

Utilities

  • Water Heater Type: Gas

Condo/Co-op/Association

  • Community: LOGAN HEIGHTS

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 5502040300
  • Estimated Lot Sq Ft: 5521

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 50000
  • Annual Expense Actual: 1000
  • Gross Rent Multiplier Actual: 20.56
  • Gross Rent Multiplier Projected: 9.9
  • Gross Sched Income Actual: 51000
  • Gross Sched Income Projected: 105600
  • Number Of Buildings: 1

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Range of Values:

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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
01/03/2025 01/03/25 Rented $2,500 +11.1% --
10/30/2024 10/30/24 Price Changed $2,250 -9.8% $3 / Sq Ft
07/13/2024 07/13/24 For Rent $2,495 0.0% --
08/29/2023 08/29/23 Sold $1,100,000 +4.9% $380 / Sq Ft
07/29/2023 07/29/23 Pending -- -- --
07/20/2023 07/20/23 For Sale $1,049,000 -- $362 / 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: 230013990

San Diego MLS

APN: 550-204-03-00