$2,474,995
SOLD SEP 30, 2024
5 Beds
3 Baths
2,320 Sq Ft
9,048 Sq Ft Lot

Recently Sold

$1,067 Per Sq Ft

1% Below List Price

22 Days on Market

Highlights

  • Property is Fully Fenced
  • Crown Point Junior Music Academy Rated A-
  • 1-Story Property

About This Home

As of September 2024

Location! Location! Location! Move in ready. TWO remodeled homes on 1 Large Lot. Beach Lifestyle with Rental Income including Limitless development opportunity in the desirable Crown Point area just 2.5 blocks to Mission Bay. Quiet, private and walkable to most attractions in Pacific Beach/Mission Bay. Only the Second owner, original lot that has never been split up: approx. 9,000 sqft. Both homes are newly remodeled. Main house: Craftsman 3 bd 2 bath. Rare Solid Adobe brick-only a handful of houses in San Diego. Newer everything including roof, AC/Heat, bathrooms, luxury vinyl floors, stainless appliances (w/d), and a high end kitchen w/ custom Exotic Brazilian granite and oversized island. Second House: Beach Bungalow used as 2 bd 1 bath (1bd+office). Both homes fully fenced w/ large yards and separated by a full fence with private driveways w/ dedicated entrances. Front house also has a fenced large front yard. Chance to live, and earn immediate rental income with spare house. Both homes are currently 5 Star reviewed on Airbnb & VRBO. Crown Point is eligible for new owner short term rental licenses. As of 8/10/24, 721 Tier 3 licenses remain (if both properties are rented) and Unlimited Tier 2 (if one house is owner occupied). Front house sleeps 12-14 guests and back house sleeps 6 guests. Buyer can choose to keep both or one properties as short term rentals, or has an option to have Seller cancel short term rentals upon close of escrow. This property is a rare gem with a potential to be an outstanding cash cow and land development. Sold with ALL furniture!

Last Agent to Sell the Property

Christopher Huynh

Svetlana Volkova License #02077001 Listed on: 08/10/2024

Co-Listed By

Svetlana Volkova

Svetlana Volkova License #01945504

Last Buyer's Agent

Brandan Rosenlund

Marinello and Associates R.E License #01881199

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 9,048 Sq Ft Lot
  • Property is Fully Fenced

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Adobe

Interior Spaces

  • 1-Story Property

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 424-251-18-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

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
  • Stories: 1 Story
  • Sale Price List Price: 0.99
  • Total Stories: 1
  • Year Built: 1950
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 4
  • Prkng Non Garage Spac U2: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Adobe, Brick
  • Fencing: Full
  • Roof: Composition

Utilities

  • Cooling: Central Forced Air

Condo/Co-op/Association

  • Community: PACIFIC BEACH

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Zoning: R-3:RESTRI
  • Assessor Parcel Number: 424-251-18-00
  • Estimated Lot Sq Ft: 9048
  • Estimated Number of Acres: 0.21
  • Map Code Column: B
  • Map Code Page: 1248
  • Map Code Row: 6

Multi Family

  • No. of Units: 2
  • Gross Rent Multiplier Actual: 0.57
  • Gross Sched Income Actual: 156000
  • Number Of Buildings: 2
  • Number Of Furnished Units: 2
  • Number Of Units With Cooling: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

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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
09/30/2024 09/30/24 Sold $2,474,995 -1.0% $1,067 / Sq Ft
09/02/2024 09/02/24 Pending -- -- --
08/10/2024 08/10/24 For Sale $2,499,995 +150.0% $1,078 / Sq Ft
09/19/2018 09/19/18 Sold $1,000,000 +0.5% --
08/31/2018 08/31/18 Pending -- -- --
08/27/2018 08/27/18 For Sale $995,000 -- --
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: 240018908

San Diego MLS

APN: 424-251-18-00