NOT LISTED FOR SALE

1128 Sassafras St San Diego, CA 92103

Middletown Neighborhood
3 Beds
3 Baths
1,500 Sq Ft
5,350 Sq Ft Lot

Last Sold October 17, 2022

Last sale price $1,529,000 $1,019 Per Sq Ft

28 Days on Market

Highlights

  • Tankless Water Heater
  • Zoned Heating and Cooling
  • Partially Fenced Property
  • Grant K-8 Rated A-

About This Home

As of October 2022

Great opportunity to own an income producing multiunit in the charming neighborhood of Mission Hills! These 3 units were fully remodeled in 2020 with beautiful finishes that make them very attractive for long term or short term rentals. Each unit is 500 sqft with one bedroom, one bathroom, kitchen, washer/dryer, patio, AC. Roof is only a few years old, sewer pipe was replaced recently. 3 side by side tandem parking spots.

Last Agent to Sell the Property

Paola Middleton

Real Broker License #01999067 Listed on: 08/17/2022

Real Broker

Co-Listed By

Luke Middleton

LPT Realty,Inc License #01744850

LPT Realty,Inc

Last Buyer's Agent

Luke Middleton

LPT Realty,Inc License #01744850

LPT Realty,Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • 1937

Lot Details

  • 5,350 Sq Ft Lot
  • Partially Fenced Property
  • Sprinklers on Timer

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Utilities

  • Zoned Heating and Cooling
  • Separate Water Meter
  • Tankless Water Heater
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 451-473-06-00

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • 3 Units
  • Net Operating Income $68,074

Property Details

Home Type

Multi-Family

Year Built

1937

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Metro Uptown
  • Cross Street: Ibis St
  • Neighborhood: Mission Hills
  • LP / Sq Ft: 21.85
  • Stories: 2 Story
  • Sale Price List Price: 0.96
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1937

Exterior Features

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

Utilities

  • Cooling: Zoned Area(s)
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Electric, Gas, Tankless
  • Heat Equipment: Zoned Areas

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: MISSION HILLS

Lot Info

  • Irrigation: Automatic
  • Lot Size: 4,000-7,499 SF
  • Zoning: R-2:MINOR
  • Assessor Parcel Number: 451-473-06-00
  • Estimated Lot Sq Ft: 5350

Rental Info

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

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 68074
  • Annual Expense Actual: 12013
  • Annual Expense Projected: 12013
  • Gross Rent Multiplier Actual: 20.0
  • Gross Rent Multiplier Projected: 18.77
  • Gross Sched Income Actual: 80088
  • Gross Sched Income Projected: 85200
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 3
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Dryers: 3
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3

Range of Values:

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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
10/17/2022 10/17/22 Sold $1,529,000 -4.4% $1,019 / Sq Ft
09/15/2022 09/15/22 Pending -- -- --
08/17/2022 08/17/22 For Sale $1,599,000 -- $1,066 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Paola Middleton

    Seller's Agent in 2022

    Paola Middleton

    Real Broker

    (619) 316-4396

    2 in this area

    13 Total Sales

    Paola Middleton
    Section Image
  • Luke Middleton

    Seller Co-Listing Agent in 2022

    Luke Middleton

    LPT Realty,Inc

    (858) 228-7204

    2 in this area

    46 Total Sales

    Luke Middleton
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 220021378

San Diego MLS
California San Diego County San Diego 92103 Middletown

1128 Sassafras St, San Diego, CA

This home is located at 1128 Sassafras St, San Diego, CA 92103 since 17 August 2022. This property was built in 1937. 1128 Sassafras St is a home located in San Diego County with nearby schools including Grant K-8, Richard Henry Dana Middle School, and Roosevelt International Middle School.

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