NOT LISTED FOR SALE
4 Beds
3 Baths
1,360 Sq Ft
3,485 Sq Ft Lot

Last Sold January 12, 2024

Last sale price $1,130,000 $831 Per Sq Ft

35 Days on Market

Highlights

  • City View
  • Trails
  • Level Lot
  • The community has rules related to allowing live work
  • Cross Fenced
  • Wood Siding

About This Home

As of January 2024

Seize an exceptional opportunity to own a 2-unit income-producing property in the dynamic neighborhood of South Park, San Diego. This well-maintained property offers the perfect blend of residential living and investment potential, generating steady rental income while providing a charming home in a highly sought-after location. This property features two separate units, each with 2 bedrooms and 1 bathroom, ensuring a consistent stream of rental income. Nestled in the heart of South Park, this property is surrounded by a vibrant array of restaurants, coffee shops, shops, and entertainment venues. Residents can enjoy the neighborhood's walkable lifestyle and easy access to a variety of amenities. Contact us today to schedule a viewing and discover the endless possibilities that await you in this exceptional property. Zoned RM-2-5.

Last Agent to Sell the Property

Sandra Alatriste

Catch Real Estate License #01385520 Listed on: 11/17/2023

Co-Listed By

Esaul Alatriste

Catch Real Estate License #01336271

Last Buyer's Agent

Christian Ballow

Bowman Investments, Inc. License #02046669

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2007

Lot Details

  • Cross Fenced
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 1-Story Property
  • City Views

Utilities

  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for trash, cable TV, electricity
  • Assessor Parcel Number 539-301-11-00

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • N/K Community
  • The community has rules related to allowing live work

Recreation

  • Trails

Building Details

  • Net Operating Income $50,878

Property Details

Home Type

Multi-Family

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: Elm St.
  • Neighborhood: South Park
  • Stories: 1 Story
  • Sale Price List Price: 0.98
  • Total Stories: 1
  • Year Built: 2007
  • 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, Wood
  • Fencing: Cross Fencing
  • Roof: Composition
  • View: City

Utilities

  • Water: Meter on Property
  • Water Heater Type: Gas

Condo/Co-op/Association

  • Complex Name: N/K
  • Complex Features: Biking/Hiking Trails
  • Manager Name: Owner

Lot Info

  • Lot Size: 1-3,999 SF
  • Topography: Level
  • Zoning: RM 2-5
  • Additional Property Use: Res/Business Use OK
  • Assessor Parcel Number: 539-301-11-00

Rental Info

  • Tenant Pays: Trash, Cable TV, Electricity

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 50878
  • Annual Expense Actual: 8022
  • Gross Rent Multiplier Actual: 58900.0
  • Gross Sched Income Actual: 58900
  • Number Of Buildings: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

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
01/12/2024 01/12/24 Sold $1,130,000 -1.7% $831 / Sq Ft
12/23/2023 12/23/23 Pending -- -- --
12/12/2023 12/12/23 Price Changed $1,150,000 -11.5% $846 / Sq Ft
11/17/2023 11/17/23 For Sale $1,300,000 -- $956 / 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: 230022584

San Diego MLS

APN: 539-301-11-00