NOT LISTED FOR SALE
3 Beds
3 Baths
1,932 Sq Ft
3,874 Sq Ft Lot

Last Sold June 30, 2022

Last sale price $1,700,000 $880 Per Sq Ft

9 Days on Market

Highlights

  • Partially Fenced Property
  • Jefferson Elementary Rated A-
  • Gravity Heating System

About This Home

As of June 2022

Great location with all that North Park/Hillcrest has to offer. Walking distance to Balboa Park and Morley Field. The front house was originally built 1949 and remodeled in 2020. Modern upgrades throughout including central air/heat and in-unit laundry. The front house has a tandem parking spot. The two rear units were built in 2020 and feature open concept living with tons of natural light and modern finishes. The rear units are fully electric with solar PV offsetting the electrical use. Both rear units have private decks with the top unit deck affording 180 degree views of North Park. This property is perfect for investors or buyers who'd like to call one of the units home and enjoy the income from the other units. This is truly a MUST SEE! Unit 1915 is electric and gas. Units 17 and 19 are all electric powered by 5kWp solar pv system. Solar offsets 100% of the energy usage. Each unit has its own 50 gal electric heat pump water heater

Last Agent to Sell the Property

John Selby

Compass License #01772626 Listed on: 05/20/2022

Compass

Co-Listed By

Josh Higgins

Compass License #01459409

Last Buyer's Agent

Sabrina Ortega

Pacific Sotheby's International Realty License #01944928

Pacific Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1949

Lot Details

  • 3,874 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Utilities

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

Listing and Financial Details

  • Tenant pays for water, electricity, gas/propane, hot water
  • Assessor Parcel Number 453-183-03-00

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Morley Field Community

Building Details

  • Net Operating Income $85,000

Property Details

Home Type

Multi-Family

Year Built

1949

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Metro Uptown
  • Cross Street: Cypress Ave
  • Neighborhood: Morley Field
  • Supplement: Unit 1915 is electric and gas. Units 17 and 19 are all electric powered by 5kWp solar pv system. Solar offsets 100% of the energy usage. Each unit has its own 50 gal electric heat pump water heater
  • Stories: 2 Story
  • Sale Price List Price: 1.06
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1949

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: Morley Field
  • Community: NORTH PARK

Lot Info

  • Lot Size: 1-3,999 SF
  • Site: Curbs, Public Street, Sidewalks, Street Paved
  • Zoning: R-3:RESTRI
  • Assessor Parcel Number: 453-183-03-00
  • Estimated Lot Sq Ft: 3874

Rental Info

  • Tenant Pays: Water, Electricity, Gas/Propane, Hot Water

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 85000
  • Annual Expense Actual: 5000
  • Gross Rent Multiplier Actual: 17.78
  • Gross Rent Multiplier Projected: 16.46
  • Gross Sched Income Actual: 90000
  • Gross Sched Income Projected: 97200
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 3
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Dryers: 3
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3

Range of Values:

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Average Value
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List Price
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
06/30/2022 06/30/22 Sold $1,700,000 +6.3% $880 / Sq Ft
05/30/2022 05/30/22 Pending -- -- --
05/20/2022 05/20/22 For Sale $1,600,000 +238.6% $828 / Sq Ft
09/05/2014 09/05/14 Sold $472,500 -2.6% $622 / Sq Ft
08/29/2014 08/29/14 Pending -- -- --
07/08/2014 07/08/14 For Sale $485,000 +7.8% $638 / Sq Ft
03/07/2014 03/07/14 Sold $450,000 -8.2% $592 / Sq Ft
01/29/2014 01/29/14 Pending -- -- --
01/09/2014 01/09/14 Price Changed $489,999 0.0% $645 / Sq Ft
01/09/2014 01/09/14 For Sale $489,999 +8.9% $645 / Sq Ft
12/10/2013 12/10/13 Off Market $450,000 -- --
10/04/2013 10/04/13 Price Changed $515,000 -6.2% $678 / Sq Ft
09/24/2013 09/24/13 For Sale $549,000 -- $722 / 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: 220012421

San Diego MLS

APN: 453-183-03-00