Seller's Agent in 2021
Kenneth Herskind
Top Gun CRE
(619) 550-4515
1 in this area
13 Total Sales
1501 Grove St San Diego, CA 92102
South Park Neighborhood
4
Beds
2
Baths
4,222
Sq Ft
10,303
Sq Ft Lot
Highlights
- 0.23 Acre Lot
- Laundry Room
- Front Yard
- Corner Lot
About This Home
As of April 2021Location Location Location 6 units: SFR, Duplex and Triplex on 2 parcels. A real value-add asset in the coveted neighborhood of South Park, San Diego. First time in market since 1995. Prime rental location for both long-term and short-term Airbnb. This unique investment opportunity consists of two parcels: Parcel 1: A spacious 2 bedroom/1 bath detached house that includes additional rooms such as dining room, a large closet room behind bedroom that can be used for home office and a storage /laundry room behind kitchen. Parcel 2: Includes a duplex consisting of a 2 bedroom/1 bath and a 1 bedroom/1 bath unit along with a triplex consisting of (3) 1 bedroom one bath units. There are 3 total garage / storage spaces. Ample yard space. All units are separately metered. The neighborhood of South Park is bordered by balboa park to the west, north park to the north, the interstate 15 east and Golden hills to the south. This sale lends investors the rare opportunity to acquire a value add property in one of San Diego's most coveted residential rental markets, Located in the hearth of South park, this complex is within walking distance tom many local stores and eateries, only few blocks away from entertainment on 30th street and renowned Balboa Park. The property is located in mostly single-family residential area with in historically designated neighborhood giving the buyer the opportunity save up to 50% on property taxes by applying for Mills act.
Last Agent to Sell the Property
Top Gun CRE License #01872460 Listed on: 01/23/2021
Last Buyer's Agent
Angela Pirtle
Angela Pirtle Realty License #00917405
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1926
Lot Details
- 10,303 Sq Ft Lot
- 1 Common Wall
- Corner Lot
- Front Yard
- 5393631300
Parking
- 2 Car Garage
Home Design
- 4,222 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
Listing and Financial Details
- Tax Lot yes
- Assessor Parcel Number 5393631200
Community Details
Overview
- 3 Buildings
- 6 Units
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- Insurance Expense $2,200
- Professional Management Expense $6,495
- Water Sewer Expense $1,500
- New Taxes Expense $26,890
- Operating Expense $49,410
- Gross Income $6,490
- Net Operating Income $80,493
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/21/2021 04/21/21 | Sold | $2,180,000 | 0.0% | $516 / Sq Ft |
| 02/04/2021 02/04/21 | Pending | -- | -- | -- |
| 01/23/2021 01/23/21 | For Sale | $2,180,000 | -- | $516 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Kenneth Herskind
-
Buyer's Agent in 2021
Angela Pirtle
Angela Pirtle Realty
(858) 344-0512
1 in this area
13 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PTP2100492
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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