NOT LISTED FOR SALE
2 Beds
1 Bath
1,902 Sq Ft
5,000 Sq Ft Lot

Last Sold February 24, 2023

Last sale price $1,600,000 $841 Per Sq Ft

4 Days on Market

Highlights

  • Fishing
  • Wood Flooring
  • Laundry Room
  • Crown Point Junior Music Academy Rated A-
  • No HOA
  • Bike Trail

About This Home

As of February 2023

Fantastic opportunity to own two detached units on a prime corner lot in the quite neighborhood of Crown Point/Pacific Beach. Walk to the bay, the beach, and everyday amenities, this well maintained and clean property has endless opportunities to add immediate value. Buyers can live in one unit while renting the other, rent out both, build a dream home, and the R3 zoning lot allows for opportunities to add on. The front house is 879 sqft, features 2 bed/1 bath and ample outdoor space with private front and back patios, new roof and windows, and currently has long-term tenants. The back house is 1,005 sqft features 2 bed/1.5 baths, private outdoor space and attached single car garage. Both units have their own washer/dryer. Alley access, quite neighborhood and plenty of street parking. This beach paradise oasis has all the potential to make your dreams come true. Property being sold “as-is”. Property has two addresses on one APN: 1824 Chico and 4050 Sequoia.

Last Agent to Sell the Property

Jennifer Brown

Coldwell Banker Realty License #02016332 Listed on: 01/02/2023

Coldwell Banker Realty

Last Buyer's Agent

Kristopher Armstrong

Kristopher Armstrong, Broker License #01924475

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50x100
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Home Design

  • Raised Foundation
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,902 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Utilities

  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 08001
  • Tax Tract Number 77
  • Assessor Parcel Number 4244110800

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Recreation

  • Fishing
  • Park
  • Dog Park
  • Water Sports
  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $125
  • Water Sewer Expense $100
  • New Taxes Expense $19,068
  • Operating Expense $225
  • Gross Income $30,600
  • Net Operating Income $72,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 4.20
  • Price Per Unit: 847500
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 100.00
  • Zoning: R3: Restricted Multiple Multi-Famil...
  • Property Type: Residential Income
  • Parcel Number: 4244110800
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: No
  • Fireplace Features: Living Room
  • Price Per Square Foot: 841.22

Exterior Features

  • Foundation: Concrete Perimeter, Raised
  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Biking, Dog Park, Fishing, Park, Watersports

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 50x100
  • Lot Size Sq Ft: 5000.00
  • Lot Size Acres: 0.1148

Multi Family

  • Gross Income: 30600.00
  • Gross Scheduled Income: 75600.00
  • Insurance Expense: 125.00
  • Lot Size Area: 5000.0000 Square Feet
  • Net Operating Income: 72000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 3600.00
  • Rent Control: No
  • Total Expenses: 225.00

Tax Info

  • New Taxes Expense: 19068.00
  • Tax Lot: 08001
  • Tax Tract Number: 77.02

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
02/24/2023 02/24/23 Sold $1,600,000 -5.6% $841 / Sq Ft
01/07/2023 01/07/23 Pending -- -- --
01/02/2023 01/02/23 For Sale $1,695,000 -- $891 / Sq Ft
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: NDP2212031

California Regional Multiple Listing Service (CRMLS)

APN: 424-411-08-00