$2,995,000
$402K PRICE DROP

Estimated payment $18,780/month

Total Views 56,485
8 Beds
8 Baths
4,220 Sq Ft
$710 Price per Sq Ft

Highlights

  • Corner Lot
  • Fireplace
  • Forced Air Heating System
  • Richard Henry Dana Middle School Rated A-
  • Community Barbecue Grill
  • Satellite Dish

About This Home

A rare opportunity to own an amazing multifamily investment property in beautiful Point Loma, one of the most sought-after areas in San Diego. This never-before-listed gem, custom-built in 1992 on a corner lot, speaks to comfort and functionality. Each of the four units consist of two bedrooms and two full bathrooms, with one of the bathrooms being a primary en suite. Residents will enjoy the convenience of an indoor washer and dryer, a cozy gas fireplace, a wet bar, a private balcony, ample closet space throughout, and an abundance of natural light streaming through the expansive windows and skylights. They are all a generous 1,055 square feet and the top two units have vaulted ceilings which provide an even more spacious feel. An ideal and invaluable feature of this property is its gated subterranean garage with a parking spot and additional storage closet for each unit. The property’s driveway also allows for tandem parking and leads to a small communal area featuring a brick BBQ. An added perk? Each of the four units is equipped with its own water meter, ensuring autonomy and efficiency. Located just blocks from tranquil Shelter Island and only minutes from an array of shopping, dining, schools, and local attractions, this property offers a unique chance to own a prime piece of real estate in one of San Diego’s highly desirable locales. Don’t let it pass you by!

Listing Agent

Karine Izidoro

Keller Williams San Diego Metro License #01941146 Listed on: 11/13/2023

Keller Williams San Diego Metro

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1992

Lot Details

  • 5,327 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Sprinkler System

Home Design

  • Clay Roof

Interior Spaces

  • 8 Bedrooms
  • 4,220 Sq Ft Home
  • 2-Story Property
  • Fireplace

Location

  • West of 5 Freeway

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Satellite Dish
  • Cable TV Available

Community Details

Overview

  • 4 Units
  • Point Loma Subdivision

Pet Policy

  • Pets Allowed

Additional Features

  • Community Barbecue Grill
  • Operating Expense $10,117

Property Details

Home Type

Multi-Family

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1992
  • Unit Levels: 2 Story
  • Property Sub Type: Res Income 2-4 Units
  • Community Features: BBQ
  • SpaFeatures: N/K
  • Security Features: N/K
  • CapRate: 3.98
  • Co List Office Mls Id: 64647
  • Subdivision Name: POINT LOMA
  • Directions: Please use Apple or Google Maps.
  • BuildingName: N/A
  • AgeRestrictions: N/K
  • ShortSale: No
  • Site: Corner Lot, West of I-5
  • Telecommunications: Cable (coaxial), Satellite Dish
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Total Bedrooms: 8

Exterior Features

  • Fencing: Partial
  • Roof: Tile/Clay
  • Pool Features: N/K
  • Construction Type: Wood/Stucco

Utilities

  • Cooling: N/K
  • Heating: Fireplace, Forced Air Unit
  • Utilities: Sewer Connected
  • Water Source: Meter on Property, Other/Remarks
  • HeatSource: Natural Gas

Condo/Co-op/Association

  • Pets Allowed: Yes

Schools

  • Junior High Dist: San Diego Unified School Distric

Lot Info

  • Zoning: R-4
  • Lot Size Sq Ft: 5327.0

Rental Info

  • Tenant Pays: Cable TV, Electricity, Hot Water, Sewer, Water

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 4
  • Annual Operating Expense: 10117.0

Map

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 List to Sale Price per Sq Ft
06/11/2025 06/11/25 Price Changed $2,995,000 -3.4% $710 / Sq Ft
06/07/2025 06/07/25 For Sale $3,100,000 0.0% $735 / Sq Ft
03/23/2025 03/23/25 Pending -- -- --
01/21/2025 01/21/25 Price Changed $3,100,000 -8.7% $735 / Sq Ft
11/24/2024 11/24/24 For Sale $3,397,000 0.0% $805 / Sq Ft
11/05/2024 11/05/24 Pending -- -- --
12/04/2023 12/04/23 For Sale $3,397,000 -- $805 / Sq Ft
Source: San Diego MLS

Source: San Diego MLS

MLS Number: 230022316

San Diego MLS