NOT LISTED FOR SALE
7 Beds
4 Baths
2,669 Sq Ft
5,367 Sq Ft Lot

Last Sold February 28, 2024

Last sale price $2,000,000 $749 Per Sq Ft

151 Days on Market

Highlights

  • Property is near a park
  • Stone Countertops
  • Neighborhood Views
  • Wood Flooring
  • No HOA
  • Cooling System Mounted To A Wall/Window

About This Home

As of February 2024

Price Reduced!! $1,975,000-$2,300,000! Here it is...the one you've been waiting for. First time on the market since 1999! Pride of ownership in every corner of this property. Listing consists of 3 units total: 1936 is a 3Bd/2Bth home + 1934 & 1934 1/2 are each 2bd/2bth apartment units! Over $120K spent in upgrades! Fantastic investment opportunity for the sharp investor! This property is located in the highly coveted South Park neighborhood of San Diego! Splendid area full of restaurants, golf, parks, shopping, schools, bars within WALKING distance. Target and local favorite restaurant Piacere Mio are 2 block away. Albert Einstein Charter school is just down the street, nail salons, boutiques and Buona Forchetta, another favorite restaurant are within walking distance. Enter 1936 and be met with your private veranda/porch perfect to sip a glass of wine while enjoying a good book or a relaxing day in. Enter thru the beautiful cantina doors which open wide to give you unfettered access to the spacious living room, perfect for guests to relax in front of the fireplace. The dining room offers the perfect space to create your memories with family and friends. Enter the kitchen and enjoy your remodeled kitchen with new paint, remodeled cabinets, updated appliances and much more. Need company while cooking? The kitchen offers a waiting area/pantry area where more guests can relax and keep you company! The master bedroom offers updated décor, lighting, and a new sliding barn door to your very large closet, with enough space for all of your personal belongings. Relax in your remodeled master bath with new glass shower door, updated tile and much more. Want more? No problem. As you walk into the backyard, you will see your spacious garage that's ready to be converted to a 4th unit for even more income! The spacious backyard offers the perfect spot to relax with company under your gazebo and enjoy delicious BBQ parties and dinners! Then enjoy the income from the 2 back apartments (permitted) each with their own 2 bd's and 2baths! Each unit has their own water heater, mailbox and independent garages! Owner has an extra garage space on the back alley if needed! So many updates done including: Upgraded electrical pane for property, new electrical wiring in bedrooms and bathrooms, new roofing for the back units and roof recoating for the front home, upgraded gas furnaces for all units, AC wall units for bedrooms of front unit and so much more. Enjoy the 3d walkthrough and the production done for you to know that this is the investment you have been waiting for.

Last Agent to Sell the Property

Vince Garcia

Pretorian Realty License #01713512 Listed on: 08/24/2023

Last Buyer's Agent

Twana Rasoul

Compass License #02026495

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,000

Year Built

  • Built in 1957 | Remodeled

Lot Details

  • 5,367 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Level Lot
  • Garden
  • Back and Front Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Entry on the 1st floor
  • Turnkey
  • Flat Roof Shape
  • Raised Foundation
  • Shingle Roof
  • Spanish Tile Roof
  • Rolled or Hot Mop Roof
  • Tar and Gravel Roof
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 2,669 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Living Room with Fireplace
  • Storage
  • Neighborhood Views

Kitchen

  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer
  • Washer

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Grill

Location

  • Property is near a park
  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 539-241-29-00
  • Tax Tract Number 1003
  • Assessor Parcel Number 5392412900
  • $38 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $150
  • Insurance Expense $1,050
  • Water Sewer Expense $300
  • New Taxes Expense $14,000
  • Gross Income $55,200
  • Net Operating Income $55,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,000

Year Built

Built in 1957 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 2.00
  • Inclusions: Gazebo in backyard, All washers/dryers, smart thermostat, window blinds
  • Price Per Unit: 766667
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Security Lights, Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 300.00
  • Zoning: R-2:MINOR MULTIPLE
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 5392412900
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Recessed Lighting, Stone Counters, Storage
  • Stories: 2
  • Entry Location: Street
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Price Per Square Foot: 749.34

Exterior Features

  • Foundation: Raised
  • Exterior Features: Barbecue Private
  • View: Neighborhood
  • Fence: No
  • Pool Private: No
  • Roof: Asphalt, Flat, Rolled/Hot Mop, Shingle, Spanish Tile, Tar/Gravel
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Water Heater, Microwave, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Fireplace(s), Forced Air
  • Laundry Features: Common Area, Dryer Included, Electric Dryer Hookup, Gas & Electric Dryer Hookup, In Garage, Washer Included, Gas Dryer Hookup
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Garden, Landscaped, Level with Street, Park Nearby
  • Lot Size Sq Ft: 5367.00
  • Lot Size Acres: 0.1232

Multi Family

  • Electric Expense: 150.00
  • Gross Income: 55200.00
  • Gross Operating Income: 55200.00
  • Gross Scheduled Income: 55200.00
  • Insurance Expense: 1050.00
  • Lot Size Area: 5367.0000 Square Feet
  • Net Operating Income: 55200.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Rent Control: Yes
  • Total Actual Rent: 55200.00

Tax Info

  • New Taxes Expense: 14000.00
  • Tax Lot: 539-241-29-00
  • Tax Tract Number: 001003
  • Tax Annual Amount: 14000.00
  • TaxOtherAnnualAssessmentAmount: 37.80

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
02/28/2024 02/28/24 Sold $2,000,000 -13.0% $749 / Sq Ft
01/23/2024 01/23/24 Pending -- -- --
10/28/2023 10/28/23 Price Changed $2,300,000 -11.5% $862 / Sq Ft
08/24/2023 08/24/23 For Sale $2,600,000 -- $974 / 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: PTP2304092

California Regional Multiple Listing Service (CRMLS)