NOT LISTED FOR SALE

1611-15 Edgemont St San Diego, CA 92102

South Park Neighborhood
4 Beds
3 Baths
2,200 Sq Ft
7,650 Sq Ft Lot

Last Sold December 30, 2021

Last sale price $1,627,250 $740 Per Sq Ft

22 Days on Market

About This Home

As of December 2021

3 Units available in Prime South Park. Quite Residential Street. 2 units (The front 2BR/1Bath House and one of the 1BR/1Bath units) will be delivered unoccupied at the close of escrow. Tons of immediate upside in the rents. Estimated $2,000/1BR in current condition. With some updating the pro forma rents should be closer to $2,450. Front 2BR/1.5Bath House with longer term tenant and rents about 25% below market. Large lot with plenty of parking as well as a garage. Each unit has a patio/yard. Alternative use could be operating as short term rentals with a nightly rate of $150-$200 for the 1BR Bungalow style units.

Last Agent to Sell the Property

Thomas McCartin

Marcus & Millichap License #01427348 Listed on: 11/27/2021

Last Buyer's Agent

Dylan Wright

MD Real Estate, Inc License #01411216

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 7,650

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 1-Story Property
  • 7,650 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 539-373-03-00

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • San Diego Community

Building Details

  • Net Operating Income $53,293

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: Cedar St & Edgemont St
  • Neighborhood: South Park
  • LP / Sq Ft: 24.67
  • Stories: 1 Story
  • Sale Price List Price: 0.96
  • Total Stories: 1
  • Year Built: 1938
  • 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
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: San Diego

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Zoning: R-2 Multip
  • Assessor Parcel Number: 539-373-03-00
  • Estimated Lot Sq Ft: 7650
  • Estimated Number of Acres: 0.17

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 53293
  • Annual Expense Actual: 27707
  • Annual Expense Projected: 27707
  • Gross Rent Multiplier Actual: 20.98
  • Gross Rent Multiplier Projected: 17.07
  • Gross Sched Income Actual: 81000
  • Gross Sched Income Projected: 99600
  • Number Of Buildings: 3
  • Number Of Units With Fireplaces: 2
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Other Income Projected: 1800.0

Range of Values:

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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
12/30/2021 12/30/21 Sold $1,627,250 -4.3% $740 / Sq Ft
12/20/2021 12/20/21 Pending -- -- --
11/27/2021 11/27/21 For Sale $1,700,000 +79.7% $773 / Sq Ft
08/31/2016 08/31/16 Sold $946,000 -0.3% --
07/14/2016 07/14/16 Pending -- -- --
06/22/2016 06/22/16 For Sale $949,000 -- --
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Thomas McCartin

    Seller's Agent in 2021

    Thomas McCartin

    Marcus & Millichap

    (858) 362-9376

    2 in this area

    34 Total Sales

    Thomas McCartin
    Section Image
  • Dylan Wright

    Buyer's Agent in 2021

    Dylan Wright

    MD Real Estate, Inc

    (858) 692-4434

    1 in this area

    35 Total Sales

    Dylan Wright
    Section Image
  • Dallas Martensen

    Seller's Agent in 2016

    Dallas Martensen

    Rock Realty

    (619) 219-4449

    Section Image

  • S

    Buyer's Agent in 2016

    Shane Pliskin

    Bennion Deville Homes

See All Agents

Map

Source: San Diego MLS

MLS Number: 210032187

San Diego MLS

California San Diego County San Diego 92102 South Park

1611-15 Edgemont St, San Diego, CA

This home is located at 1611-15 Edgemont St, San Diego, CA 92102 since 27 November 2021. This property was built in 1938. 1611-15 Edgemont St is a home located in San Diego County with nearby schools including Golden Hill Elementary School, Roosevelt International Middle School, and Mcgill School Of Success.

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