$1,770,000
SOLD APR 11, 2022
7 Beds
5 Baths
-- Sq Ft
6,098 Sq Ft Lot

Recently Sold

2% Below List Price

2 Days on Market

About This Home

As of April 2022

Great opportunity to own income generating multi-unit in South Park! This property was grandfathered in with 3 units in this quiet residential neighborhood. Large lot with private outdoor space assigned to each unit, plus a large common area perfect for entertaining guests. The back house includes a garage accessible from the alley. There is off-street parking available for each unit. The middle 2 bedroom unit was recently completely remodeled. There is laundry on-site for tenant convenience.

Last Agent to Sell the Property

Amy Yahnke

SD Real Estate Solutions License #01477031 Listed on: 03/09/2022

Last Buyer's Agent

Kenneth Donaghy

Keller Williams Realty License #02078683

Property Details

Home Type

  • Multi-Family

Year Built

  • 1933

Home Design

  • Stucco Exterior

Additional Features

  • 2-Story Property
  • Partially Fenced Property

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 539-306-05-00

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • South Park Community

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $55,000

Property Details

Home Type

Multi-Family

Year Built

1933

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Metro Central
  • Cross Street: Elm St.
  • Neighborhood: South Park
  • Stories: 2 Story
  • Sale Price List Price: 0.98
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1933

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial

Condo/Co-op/Association

  • Complex Name: South Park
  • Pets Allowed: Yes

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Zoning: R-2: Minor
  • Assessor Parcel Number: 539-306-05-00

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 55000
  • Annual Expense Actual: 27000
  • Gross Rent Multiplier Actual: 22.3
  • Gross Sched Income Actual: 80700
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Other Income Actual: 875

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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
04/11/2022 04/11/22 Sold $1,770,000 -1.7% --
03/12/2022 03/12/22 Pending -- -- --
03/09/2022 03/09/22 For Sale $1,800,000 +46.9% --
06/21/2018 06/21/18 Sold $1,225,000 -2.8% $454 / Sq Ft
06/08/2018 06/08/18 Pending -- -- --
05/19/2018 05/19/18 Price Changed $1,259,995 -3.1% $467 / Sq Ft
05/04/2018 05/04/18 For Sale $1,299,995 +31.3% $481 / Sq Ft
07/20/2016 07/20/16 Sold $990,000 0.0% $411 / Sq Ft
05/20/2016 05/20/16 Pending -- -- --
05/09/2016 05/09/16 For Sale $990,000 -- $411 / 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: 220005265

San Diego MLS

APN: 539-306-05-00