NOT LISTED FOR SALE
5 Beds
3 Baths
-- Sq Ft
6,234 Sq Ft Lot

Last Sold May 15, 2017

Last sale price $1,315,000

99 Days on Market

Highlights

  • Level Lot
  • Pacific Beach Elementary School Rated A-
  • 1-Story Property

About This Home

As of May 2017

2 Homes on one lot! So many options with this beautifully remodeled beach property. Two detached homes on one parcel. Possible to add more units. Owner occupy one unit and rent out the other? Turnkey and ready to move in and generate rental income immediately! Original hardwood floor completely refinished. Adequate closet space for homes of this era. A real gem retaining much of its original charm. Front home is 3BR 2 BA. Back home is 2BR 1BA. Seven off-street parking spots. [Supplement]: 2 Homes on one lot. Wow! Walking distance to the beach, the bay, schools, shops, and restaurants! Home was completely remodeled at the end of 2016, with special attention paid to maintaining the original beach cottage charm of this property: original hardwood floors brought back to life, architectural lines kept intact, with improvements in insulation and function with modern appliances and new windows throughout. Yes the three most important things in real estate are location .... but the three most important things in Pacific Beach Real estate are parking, parking and parking! This property has abundant parking with two separate detached garages, a two-car, carport, and a long driveway that can accommodate two cars, and RV, or a boat. Rare for PB. Plenty of room for pets.

Last Agent to Sell the Property

Erik Trogden

Camden Investment Strategies License #01849204 Listed on: 01/11/2017

Last Buyer's Agent

CRMLS FILL Agent

CRMLS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 6,234 Sq Ft Lot
  • Property fronts an alley
  • Level Lot

Home Design

  • Composition Roof
  • Stucco

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • Carport
  • Parking Available

Additional Features

  • 1-Story Property
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 4240320200

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • PB

Building Details

  • Operating Expense $25,000
  • Net Operating Income $57,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • CapRate: 4.70
  • Park Name: PB
  • Road Frontage Type: Alley
  • Subdivision Name Other: Pacific Beach
  • Zoning: R-3:RESTRI
  • Property Type: Residential Income
  • Parcel Number: 4240320200
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Appliances: Yes
  • Levels: One

Exterior Features

  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Carport

Utilities

  • Appliances: Gas Water Heater

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: Level
  • Lot Size Sq Ft: 6234.00
  • Lot Size Acres: 0.1400

Multi Family

  • Gross Multiplier: 17.57
  • Gross Scheduled Income: 82800.00
  • Lot Size Area: 6234.0000 Square Feet
  • Net Operating Income: 57800.00
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Total Expenses: 25000.00

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
05/15/2017 05/15/17 Sold $1,315,000 0.0% --
04/20/2017 04/20/17 Pending -- -- --
01/11/2017 01/11/17 For Sale $1,315,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 170001923

California Regional Multiple Listing Service (CRMLS)