$2,995,000
$402K PRICE DROP

Estimated payment $18,811/month

Total Views 53,445
8 Beds
8 Baths
4,220 Sq Ft
$710 Price per Sq Ft

Highlights

  • Corner Lot
  • Fireplace
  • Satellite Dish
  • Richard Henry Dana Middle School Rated A-
  • Community Barbecue Grill
  • Partially Fenced Property

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! 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: 12/04/2023

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
  • Level Lot
  • Sprinkler System

Home Design

  • Clay Roof

Interior Spaces

  • 2-Story Property
  • Fireplace

Location

  • West of 5 Freeway

Schools

  • San Diego Unified School District Elementary And Middle School
  • San Diego Unified School District High School

Utilities

  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 531-314-07-00

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • 4 Units
  • Community Barbecue Grill
  • Net Operating Income $119,195

Property Details

Home Type

Multi-Family

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Dickens Street
  • Neighborhood: Roseville
  • Supplement: 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!
  • LP / Sq Ft: 20.18
  • Stories: 2 Story
  • Total Stories: 2
  • Year Built: 1992
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Prkng Non Garage Spac U3: 1
  • Prkng Non Garage Spac U4: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Partial
  • Roof: Tile/Clay

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial), Satellite Dish
  • Heat Equipment: Fireplace, Forced Air Unit

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: POINT LOMA
  • Complex Features: BBQ

Schools

  • School District URL: https://www.sandiegounified.org/
  • Elementary School: San Diego Unified School District
  • Elementary School Website: https://www.sandiegounified.org/
  • High School: San Diego Unified School District
  • Middle School Url: https://www.sandiegounified.org/
  • Middle School: San Diego Unified School District

Lot Info

  • Irrigation: Sprinklers
  • Lot Size: 4,000-7,499 SF
  • Site: Corner Lot, West of I-5
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: R-4
  • Assessor Parcel Number: 531-314-07-00
  • Estimated Lot Sq Ft: 5327
  • Estimated Number of Acres: 0.12

Rental Info

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

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 119195
  • Annual Expense Actual: 10117
  • Annual Expense Projected: 10000
  • Gross Rent Multiplier Actual: 23.16
  • Gross Rent Multiplier Projected: 18.9
  • Gross Sched Income Actual: 10776
  • Gross Sched Income Projected: 13200
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Dryers: 3
  • Number Of Units With Fireplaces: 4
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 3

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 Change Sq Ft Price
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