NOT LISTED FOR SALE
8 Beds
8 Baths
3,440 Sq Ft
4,611 Sq Ft Lot

Last Sold July 26, 2021

Last sale price $2,365,000 $688 Per Sq Ft

9 Days on Market

Highlights

  • Level Lot
  • Sessions Elementary School Rated A-
  • Gravity Heating System

About This Home

As of July 2021

Attractive 4 unit building in pristine condition. All 2 Br. 2 Ba. units have been totally upgraded with remodeled kitchens & baths, LVP flooring, multiple skylights, dual pane windows, built in microwaves, and each each unit has their own private laundry. Plus, ALL units have 2 off street parking spaces, Two units have a private garage, plus 1 space, the other two have covered carport plus 1 space. Unit 2 has private yard/patio. Prime location, close to beach, bay, Kate Sessions Park, shopping, restaurants. Quick drive to both downtown San Diego and La Jolla. Incredible investment opportunity could be used for either long or short term rentals.

Last Agent to Sell the Property

Lindy Kaiser

Keller Williams Realty License #01327406 Listed on: 06/07/2021

Keller Williams Realty

Last Buyer's Agent

Kristin Slaughter

Berkshire Hathaway HomeServices California Properties License #01239669

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 4,611 Sq Ft Lot
  • Level Lot
  • Sprinklers on Timer

Home Design

  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Utilities

  • Gravity Heating System
  • Separate Water Meter

Community Details

  • 4 Units
  • Net Operating Income $96,423

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 416-322-13-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Jewell St
  • Neighborhood: Pacific Beach
  • LP / Sq Ft: 21.17
  • Stories: 2 Story
  • Sale Price List Price: 0.99
  • Total Stories: 2
  • Year Built: 1987
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Prkng Non Garage Spac U3: 1
  • Prkng Non Garage Spac U4: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco

Utilities

  • Water: Meter on Property
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: PACIFIC BEACH

Lot Info

  • Irrigation: Automatic, Sprinklers
  • Lot Size: 4,000-7,499 SF
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Assessor Parcel Number: 416-322-13-00
  • Estimated Lot Sq Ft: 4611
  • Water District URL: http://www.ci.san-diego.ca.us/water
  • Map Code Column: J
  • Map Code Page: 1247
  • Map Code Row: 5

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 96423
  • Annual Expense Actual: 23204
  • Gross Rent Multiplier Actual: 18.9
  • Gross Rent Multiplier Projected: 17.57
  • Gross Sched Income Actual: 10580
  • Gross Sched Income Projected: 11380
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Dryers: 4
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 4

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
07/26/2021 07/26/21 Sold $2,365,000 -1.5% $688 / Sq Ft
06/17/2021 06/17/21 Pending -- -- --
06/07/2021 06/07/21 For Sale $2,400,000 -- $698 / 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: 210015605

San Diego MLS

APN: 416-322-13-00