NOT LISTED FOR SALE
2 Beds
2 Baths
-- Sq Ft
1965 Built

Last Sold October 19, 2015

Last sale price $700,000

29 Days on Market

Highlights

  • Wood Siding
  • 1-Story Property
  • 4-minute walk to Leucadia Oaks Park
  • Paul Ecke-Central Elementary Rated A

About This Home

As of October 2015

The property consists of two separate units, a 2 bedroom, 1 bath home and a studio unit. This opportunity offers excellent cash flow in a rapidly appreciating market. Both rental rates and real estate values have been increasing due to high demand and immediate neighborhood improvements. Further, this opportunity offers a purchaser several options for several options for adding value. (i.e.) renovating current units, adding an extra unit, or redeveloping the parcel with new condos or a new home.

Last Listed By

ray adams

Ray Adams Investment Real Estate Inc License #00989238 Listed on: 08/20/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property

Listing and Financial Details

  • Assessor Parcel Number 254-254-12-00

Community Details

Overview

  • 2 Units
  • Duplex Community

Building Details

  • Net Operating Income $26,313

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal North
  • Cross Street: N Vulcan Ave & E Jason St
  • Neighborhood: Encinitas
  • LP / Sq Ft: 19.71
  • Stories: 1 Story
  • Sale Price List Price: 1.01
  • Total Stories: 1
  • Year Built: 1965
  • Allow Comments Review: No
  • Internet Address Field: No Address
  • Internet Syndication Y N: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: Duplex
  • Community: LEUCADIA

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Zoning: N-R20
  • Assessor Parcel Number: 254-254-12-00
  • Map Code Column: A
  • Map Code Page: 1147
  • Map Code Row: 3

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 26313
  • Annual Expense Actual: 12183
  • Annual Expense Projected: 12183
  • Gross Rent Multiplier Actual: 17.92
  • Gross Rent Multiplier Projected: 14.62
  • Gross Sched Income Actual: 38496
  • Gross Sched Income Projected: 47196
  • Number Of Buildings: 1
  • Number Of Units With Patios: 2
  • Other Income Actual: 183
  • Other Income Projected: 183.0

Range of Values:

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Average Value
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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
10/19/2015 10/19/15 Sold $700,000 +1.4% --
09/17/2015 09/17/15 Pending -- -- --
08/19/2015 08/19/15 For Sale $690,000 -- --
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: 150045805

San Diego MLS

APN: 254-254-12-00