NOT LISTED FOR SALE
3 Beds
2 Baths
11,472 Sq Ft
0.73 Acre Lot

Sale Details

Date Sold: February 2, 2023

Last sale price $5,935,000 $517 Per Sq Ft

22 Days on Market

About This Home

As of February 2023

175 E Street consists of 25 units housed in one 11,472 square foot structure built in 1962 with wood and stucco construction situated on one 31,798 sq ft parcel. The property features over 30 parking spaces, a pool, and laundry facilities with leased equipment. Twenty-four units are approximately 450 square foot 1 Bedroom / 1 Bathroom units and there is one 2 Bedroom / 1.5 Bathroom unit. Many of the units have been remodeled. There is over 25% upside in rents. This property is located blocks from the new Bayfront Development project.

Last Agent to Sell the Property

Benn Vogelsang

NorthMarq Multifamily License #01883437 Listed on: 11/04/2022

Last Buyer's Agent

Robert Weinberger

RJW Properties, Inc. License #01327725

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Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.73

Parking

  • 30 Parking Spaces

Home Design

Interior Spaces

  • 3 Bedrooms
  • 11,472 Sq Ft Home
  • 2-Story Property

Additional Features

  • 31,798 Sq Ft Lot
  • Number of ADU Units: 1

Listing and Financial Details

  • Total Actual Rent $39,084

Community Details

Overview

  • 25 Units

Building Details

  • 25 Leased Units
  • Operating Expense $166,252

Property Details

Home Type

Multi-Family

Lot Details

0.73 Acres

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Property Sub Type: Com-Res Income
  • CapRate: 4.8
  • Co List Office Mls Id: 990885
  • Living Area: 11472.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-02-13T07:02:36Z
  • FullAddress: 175 E Street
  • NumofLeasedApartments: 25
  • ShortSale: No
  • SDMLS_NumofADUUnits: 1.0
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 3

Garage/Parking

  • Total Parking Spaces: 30.0

Lot Info

  • Lot Size Sq Ft: 31798.0

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 25
  • Annual Operating Expense: 166252.0
  • Total Actual Rent: 39084.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2022
Closed on
Jan 17, 2023
Sold by
Bought by
Seller's Agent
Benn Vogelsang
NorthMarq Multifamily
Buyer's Agent
Robert Weinberger
RJW Properties, Inc.
List Price
$6,000,000
Sold Price
$5,935,000
Premium/Discount to List
-$65,000
-1.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,600,000
Outstanding Balance
$3,444,871
Interest Rate
6.27%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 19, 2021
Sold by
Bought by

Purchase Details

Closed on
Aug 1, 2020
Sold by
Bought by

Purchase Details

Closed on
Dec 18, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,905,000
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 21, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 2, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,575,000
Interest Rate
3.58%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 8, 1998
Sold by
Bought by

Purchase Details

Closed on
Jul 26, 1994
Sold by
Bought by

Purchase Details

Closed on
Nov 28, 1988
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$5,935,000 Chicago Title
-- Chicago Title Co Com Div
$4,600,000 Chicago Title Co Com Div
-- Chicago Title Company
$3,647,500 Chicago Title Company
$1,062,500 Chicago Title Company
$800,000 Fidelity National Title Co
-- --
$865,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $3,600,000
Previous Owner $3,050,000
Previous Owner $2,905,000
Previous Owner $2,000,000
Previous Owner $900,000
Previous Owner $1,575,000
Previous Owner $1,200,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/02/2023 02/02/23 Sold $5,935,000 -1.1% $517 / Sq Ft
12/05/2022 12/05/22 Pending -- -- --
11/12/2022 11/12/22 For Sale $6,000,000 -- $523 / Sq Ft
Source: San Diego MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $73,453 $6,298,268 $3,395,865 $2,902,403
2025 $73,453 $6,174,774 $3,329,280 $2,845,494
2024 $70,865 $6,053,700 $3,264,000 $2,789,700
2023 $56,391 $4,785,840 $2,080,800 $2,705,040
2022 $54,768 $4,692,000 $2,040,000 $2,652,000
2021 $53,498 $4,600,000 $2,000,000 $2,600,000
2020 $44,406 $3,870,756 $1,591,812 $2,278,944
2019 $43,255 $3,794,859 $1,560,600 $2,234,259
2018 $42,587 $3,720,450 $1,530,000 $2,190,450
2017 $25,685 $2,244,097 $928,409 $1,315,688
2016 $25,079 $2,200,096 $910,205 $1,289,891
2015 $24,723 $2,167,049 $896,533 $1,270,516
2014 $24,314 $2,124,601 $878,972 $1,245,629
Source: Public Records

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Map

Source: San Diego MLS

MLS Number: 220027990

San Diego MLS

APN: 566-251-16-00

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