$1,900,000
PENDING

Estimated payment $11,086/month

Total Views 12,656
4 Beds
-- Bath
1,904 Sq Ft
$998 Price per Sq Ft

Highlights

  • Property is near public transit
  • Private Yard
  • No Heating
  • Corner Lot
  • No HOA
  • 1-Story Property

About This Home

A rare redevelopment opportunity across the freeway from Downtown San Diego!!! Two adjacent parcels on the corner of 19th & E Street totaling 9,531 square feet (.22 Acres) of lot space. One parcel includes Three detached cottage units that each feature their own private entry and garage/storage unit. The other parcel is open land that backs to the on ramp of the interstate 5 and 94. The property is zoned RM-2-5, which permits up to Seven units without any density bonus; but more importantly the property is situated in the Complete Communities Tier 3, which permits an FAR of 6.5x the total lot (potential for 61,951.5 square feet). This is a true value-add and redevelopment opportunity that will allow a new owner to build in an area that needs more housing and will have views of Downtown San Diego and Coronado.

Listing Agent

Joseph Bonin

SVN Vanguard Brokerage Email: joe.bonin@svn.com License #00801397 Listed on: 02/01/2023

SVN Vanguard

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 9,531 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Level Lot
  • Private Yard
  • Back Yard
  • Density is up to 1 Unit/Acre
  • 5343740600

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage

Interior Spaces

  • 4 Bedrooms
  • 1,904 Sq Ft Home
  • 1-Story Property

Laundry

  • Laundry in unit
  • Washer Hookup

Utilities

  • No Heating
  • Sewer Paid

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 534
  • Tax Tract Number 374
  • Assessor Parcel Number 5343740100

Community Details

Overview

  • No Home Owners Association
  • 6 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,892
  • New Taxes Expense $23,110
  • Operating Expense $32,718
  • Gross Income $60,540
  • Net Operating Income $26,006

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

9,531 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: No
  • CapRate: 1.37
  • Property Attached: No
  • View: No
  • Zoning: RM-2-5 & Complete Communities Overlay...
  • Property Type: Residential Income
  • Parcel Number: 5343740100
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: No
  • Price Per Square Foot: 997.90

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: No
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 5343740600
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Corner Lot, Level with Street, Near Public Transit, Yard
  • Lot Size Sq Ft: 9531.00
  • Lot Size Acres: 0.2188

Multi Family

  • Gross Income: 60540.00
  • Gross Scheduled Income: 60540.00
  • Insurance Expense: 1892.00
  • Lot Size Area: 9531.0000 Square Feet
  • Net Operating Income: 26006.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 32718.00
  • Rent Control: No
  • Total Actual Rent: 5045.00
  • Total Expenses: 32718.00

Tax Info

  • New Taxes Expense: 23110.00
  • Tax Lot: 534
  • Tax Tract Number: 374

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2025 $9,889 $739,867 $325,542 $414,325
2024 $9,012 $725,360 $319,159 $406,201
2023 $8,808 $711,138 $312,901 $398,237
2022 $8,574 $697,195 $306,766 $390,429
2021 $8,513 $683,525 $300,751 $382,774
2020 $8,409 $676,518 $297,668 $378,850
2019 $8,260 $663,254 $291,832 $371,422
2018 $7,724 $650,250 $286,110 $364,140
2017 $7,540 $637,500 $280,500 $357,000
2016 $7,419 $625,000 $275,000 $350,000
2015 $6,895 $580,368 $254,995 $325,373
2014 -- $569,000 $250,000 $319,000
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
03/29/2023 03/29/23 Pending -- -- --
02/01/2023 02/01/23 For Sale $1,900,000 -- $998 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 Type Sale Price Title Company
Interfamily Deed Transfer -- Wfg National Title Co Of Ca
Grant Deed $699,000 Title 365 Company
Grant Deed $619,000 Fidelity National Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- California Title Company
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- California Title Company
Grant Deed -- American Title Co
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 Loan Amount Loan Type
Closed $494,000 New Conventional
Closed $524,250 Commercial
Closed $433,300 Commercial
Closed $47,700 Commercial
Closed $119,750 Credit Line Revolving
Closed $370,000 Negative Amortization
Closed $313,000 Commercial
Closed $150,000 Credit Line Revolving
Closed $66,973 Commercial
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2300476

California Regional Multiple Listing Service (CRMLS)

APN: 534-374-01-00

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