NOT LISTED FOR SALE
4 Beds
4 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold February 03, 2021

Last sale price $2,500,000

155 Days on Market

Highlights

  • Partially Fenced Property
  • Sunset View Elementary School Rated A
  • 1-Story Property

About This Home

As of February 2021

This beautiful property overlooking the ocean is a one-of-a-kind coastal asset and a TURN-KEY vacation rental in a highly-sought after beach destination. The property comprises (4) newly remodeled 1BR/1BA units that are tastefully furnished and fully-equipped for short-term rentals. The most impressive feature is the cliff-side patio area, where guests can barbecue or use one of two hotubs while enjoying breathtaking views of the ocean and stunning sunsets. Contact Aaron Bove for the Marketing Package.

Last Agent to Sell the Property

Aaron Marcusmillichap

Marcus & Millichap License #01318320 Listed on: 06/09/2020

Last Buyer's Agent

Jose R. Valenciano

Relogic, Inc License #01503295

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 7,405

Home Design

  • Clay Roof
  • Stucco Exterior

Additional Features

  • 1-Story Property
  • Partially Fenced Property
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 448-242-02-00

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Ocean Beach Community

Building Details

  • Net Operating Income $141,001

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Sunset Cliffs Blvd
  • Neighborhood: Ocean Beach
  • Stories: 1 Story
  • Sale Price List Price: 0.96
  • Total Stories: 1
  • Year Built: 1955
  • 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: Partial
  • Roof: Tile/Clay

Utilities

  • Cooling: Central Forced Air, Wall/Window

Condo/Co-op/Association

  • Complex Name: Ocean Beach
  • Community: OCEAN BEACH

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 448-242-02-00

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 141001
  • Annual Expense Actual: 103397
  • Gross Rent Multiplier Actual: 11.12
  • Gross Sched Income Actual: 244398
  • Number Of Buildings: 2
  • Number Of Furnished Units: 4
  • Number Of Units With Cooling: 4
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4

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
02/03/2021 02/03/21 Sold $2,500,000 -3.7% --
11/12/2020 11/12/20 Pending -- -- --
11/04/2020 11/04/20 For Sale $2,595,000 0.0% --
09/15/2020 09/15/20 Pending -- -- --
06/09/2020 06/09/20 For Sale $2,595,000 +95.8% --
06/07/2014 06/07/14 Sold $1,325,000 0.0% $627 / Sq Ft
08/09/2013 08/09/13 Pending -- -- --
06/11/2013 06/11/13 For Sale $1,325,000 -- $627 / 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: 200026422

San Diego MLS

APN: 448-242-02-00