NOT LISTED FOR SALE
4 Beds
4 Baths
2,850 Sq Ft
4,796 Sq Ft Lot

Last Sold November 09, 2023

Last sale price $1,565,000 $549 Per Sq Ft

63 Days on Market

Highlights

  • Corner Lot
  • Partially Fenced Property
  • Wood Siding
  • Tankless Water Heater

About This Home

As of November 2023

Price improvement - Investors dream in the heart of South Park. Four spacious and light filled one bedroom units with dining areas, 10ft high ceilings, wood floors and built-ins. All units have private outdoor areas and there's common laundry. Two units have fireplaces. The property sits on a 4660sf corner lot, with mature shade trees and landscaping all on irrigation. Copper plumbing, new roof, electrical wiring/boxes all within the last 7 years. Walls in kitchens have been rewired for new kitchens. Shops, restaurants, coffee houses, bars and Target all a couple of blocks. On transit zone with bus stop across the street. Also perfect for owner/user. Upside in rents and some renovations. May qualify for Mills Act/tax savings. See historic photos

Last Agent to Sell the Property

Lisa Bohlken

Keller Williams San Diego Metro License #01889698 Listed on: 08/03/2023

Keller Williams San Diego Metro

Last Buyer's Agent

Aziz Zakkout

Zakkout Real Estate Services License #01911009

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1903

Lot Details

  • 4,796 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Level Lot
  • Sprinklers on Timer

Home Design

  • Clay Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property

Utilities

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

Community Details

  • 4 Units
  • Net Operating Income $50,316

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 539-223-07-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: Fir St
  • Neighborhood: Golden Hill
  • Stories: 2 Story
  • Sale Price List Price: 0.92
  • Total Stories: 2
  • Year Built: 1903
  • 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: Wood
  • Fencing: Partial
  • Roof: Tile/Clay

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas, Tankless
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: SAN DIEGO

Lot Info

  • Irrigation: Automatic
  • Lot Size: 4,000-7,499 SF
  • Site: Corner Lot, Public Street, Sidewalks, Street Paved
  • Topography: Level
  • Assessor Parcel Number: 539-223-07-00
  • Estimated Lot Sq Ft: 4796

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 50316
  • Annual Expense Actual: 21684
  • Gross Rent Multiplier Actual: 25.0
  • Gross Rent Multiplier Projected: 14.0
  • Gross Sched Income Actual: 72000
  • Gross Sched Income Projected: 129600
  • Number Of Buildings: 1
  • Number Of Units With Fireplaces: 2
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 4

Range of Values:

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Average Value
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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
11/09/2023 11/09/23 Sold $1,565,000 -7.9% $549 / Sq Ft
10/06/2023 10/06/23 Pending -- -- --
09/07/2023 09/07/23 Price Changed $1,700,000 -8.1% $596 / Sq Ft
08/03/2023 08/03/23 For Sale $1,850,000 -- $649 / 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: 230015051

San Diego MLS

APN: 539-223-07-00