NOT LISTED FOR SALE
6 Beds
5 Baths
2,721 Sq Ft
5,715 Sq Ft Lot

Last Sold October 25, 2023

Last sale price $1,900,000 $698 Per Sq Ft

7 Days on Market

About This Home

As of October 2023

The subject property was built in 1977 and is comprised of a 2 bedroom/1 Bath house that's approximately 1,065 square feet and two 2 bedroom/1.5 bath units that are approximately 828 square feet each. The interiors include spacious and efficient layouts, well kept interiors, and in unit laundry for all three units. Each unit comes with a private patio or balcony for tenant enjoyment. The property has 4 single garages in the rear which have excellent ADU potential.

Last Agent to Sell the Property

Dylan Wright

MD Real Estate, Inc License #01411216 Listed on: 08/24/2023

Last Buyer's Agent

Kelsey Olson

Compass License #02033733

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 5,715

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 2-Story Property
  • 5,715 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity, gas/propane, hot water
  • Assessor Parcel Number 424-252-06-00

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Net Operating Income $47,871

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Lamont
  • Neighborhood: Pacific Beach
  • LP / Sq Ft: 13.41
  • Stories: 2 Story
  • Sale Price List Price: 1.06
  • Total Stories: 2
  • Year Built: 1977
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Roof: Composition

Condo/Co-op/Association

  • Community: PACIFIC BEACH

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Additional Property Use: ORMKS
  • Assessor Parcel Number: 424-252-06-00
  • Estimated Lot Sq Ft: 5715

Rental Info

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

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 47871
  • Annual Expense Actual: 32154
  • Annual Expense Projected: 37994
  • Gross Rent Multiplier Actual: 21.82
  • Gross Rent Multiplier Projected: 10.14
  • Gross Sched Income Actual: 82500
  • Gross Sched Income Projected: 177600
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Dryers: 3
  • Number Of Units With Garage: 1
  • 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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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
10/25/2023 10/25/23 Sold $1,900,000 +5.6% $698 / Sq Ft
09/01/2023 09/01/23 Pending -- -- --
08/24/2023 08/24/23 For Sale $1,800,000 -- $662 / 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: 230016455

San Diego MLS

APN: 424-252-06-00