NOT LISTED FOR SALE
4 Beds
3 Baths
1,850 Sq Ft
1926 Built

Last Sold November 15, 2017

Last sale price $1,142,000 $617 Per Sq Ft

79 Days on Market

Highlights

  • RV Access or Parking
  • Community Barbecue Grill
  • Wood Siding
  • City Lights View
  • Property is Fully Fenced
  • Heating Available

About This Home

As of November 2017

This luxurious 1926 Bungalow seems brand new, retaining its 1926 charm. The front house (1300 sq. ft) rents for $4200/mo. It's fresh, hip modern-meets-classic featuring a state-of-the-art white high gloss kitchen, with a huge carrera quartz waterfall island, opens up to the outdoors via its La Cantina sliding wall doors that open to the outdoor courtyard and gas fire table. The back cottage has also been totally updated - rents for $1850 /mo. Both homes have their own yards, W/D, etc. Cash Flow!! This 1926 Bungalow just got a 99% renovation into a fresh, hip modern-meets-classic California Bungalow. The front house, (1,300 sq. ft) features a state-of-the-art white high gloss kitchen, with a huge carrera quartz waterfall island, 2.0 touch sink, Samsung multi-temperature stainless steel french door refrigerator, 52-bottle built in wine fridge, alkaline water filtration system built in, and an integrated dishwasher. The kitchen opens to the courtyard deck dining under the starts via its seamless vinyl La Cantina sliding door system that welcomes the indoors outdoors. On the deck you will notice a custom built NATURUAL GAS "fire table." You will never have to change a propane tank! This is also true of the Genesis Weber Grill, and the travertine firepit on the "party deck...." The owners didn't want to run out of propane tanks, so they made everything plumbed with Natural Gas! The entire house is open concept, with a dining / breakfast nook seating 5, that looks onto the living room that features a floating high gloss built-in entertainment system. The entire home is wired with Cat-5 wiring. And has brand new ducting / A/C heat system. Did I mention the Master retreat? A huge walk-in closet which opens to a side-by-side washer dryer, with side door access for dirty kids or after you are finished gardening. The bathroom features a private water closet, dual vanity, and beautiful Brazilian Tiger Polished blue tile. The shower / tub features custom glass framing, a shampoo niche, and a custom glass brick mural. The Master bedroom boasts high ceilings, a dual fan, and French Doors which open onto a 100 year old brick patio. The second bedroom has the original fire place, large closet, and modern fan. The third bedroom is perfect for a nursury, and is quietly tucked in the center of the home. The front yard is beautifully landscaped with a whimsical theme, with a stone siting area at the forefront. The front and back yard have an automatic irrigation system for self-sufficient watering. The property also features two off-street parking spots, with an automatic gate opener at the rear of the property. The owners can enter via the ally entrance. In the back yard, the home has a floating deck with a large 110 square foot shed. Behind that is the 500 square foot guest house which was built around 1940. It has a brand new kitchen, and ductless air conditioning and heating unit. The bathroom was totally remodeled in 2008, and this home is also wired with Cat-5 wiring. It has a dishwasher, quartz counters, and a very large bedroom. This is one of the last remaining cash flow investments in South Park. Run, Don't Walk... it will go fast!!

Last Agent to Sell the Property

Megan Duma

Realty National, Inc. License #01981413 Listed on: 07/28/2017

Last Buyer's Agent

Megan Duma

Realty National, Inc. License #01981413 Listed on: 07/28/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • Property is Fully Fenced
  • Sprinklers on Timer

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Wired For Data
  • City Lights Views

Parking

  • Alley Access
  • Automatic Gate
  • RV Access or Parking

Utilities

  • Heating Available
  • Separate Water Meter
  • Water Heater

Listing and Financial Details

  • Tenant pays for water, electricity
  • Assessor Parcel Number 539-242-02-00

Community Details

Overview

  • 2 Buildings
  • 2 Units

Pet Policy

  • Pets Allowed

Additional Features

  • Community Barbecue Grill
  • Net Operating Income $58,751

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: Grape and 31st
  • Neighborhood: South Park
  • Supplement: This 1926 Bungalow just got a 99% renovation into a fresh, hip modern-meets-classic California Bungalow. The front house, (1,300 sq. ft) features a state-of-the-art white high gloss kitchen, with a huge carrera quartz waterfall island, 2.0 touch sink, Samsung multi-temperature stainless steel french door refrigerator, 52-bottle built in wine fridge, alkaline water filtration system built in, and an integrated dishwasher. The kitchen opens to the courtyard deck dining under the starts via its seamless vinyl La Cantina sliding door system that welcomes the indoors outdoors. On the deck you will notice a custom built NATURUAL GAS "fire table." You will never have to change a propane tank! This is also true of the Genesis Weber Grill, and the travertine firepit on the "party deck...." The owners didn't want to run out of propane tanks, so they made everything plumbed with Natural Gas! The entire house is open concept, with a dining / breakfast nook seating 5, that looks onto the living room that features a floating high gloss built-in entertainment system. The entire home is wired with Cat-5 wiring. And has brand new ducting / A/C heat system. Did I mention the Master retreat? A huge walk-in closet which opens to a side-by-side washer dryer, with side door access for dirty kids or after you are finished gardening. The bathroom features a private water closet, dual vanity, and beautiful Brazilian Tiger Polished blue tile. The shower / tub features custom glass framing, a shampoo niche, and a custom glass brick mural. The Master bedroom boasts high ceilings, a dual fan, and French Doors which open onto a 100 year old brick patio. The second bedroom has the original fire place, large closet, and modern fan. The third bedroom is perfect for a nursury, and is quietly tucked in the center of the home. The front yard is beautifully landscaped with a whimsical theme, with a stone siting area at the forefront. The front and back yard have an automatic irrigation system for self-sufficient watering. The property also features two off-street parking spots, with an automatic gate opener at the rear of the property. The owners can enter via the ally entrance. In the back yard, the home has a floating deck with a large 110 square foot shed. Behind that is the 500 square foot guest house which was built around 1940. It has a brand new kitchen, and ductless air conditioning and heating unit. The bathroom was totally remodeled in 2008, and this home is also wired with Cat-5 wiring. It has a dishwasher, quartz counters, and a very large bedroom. This is one of the last remaining cash flow investments in South Park. Run, Don't Walk... it will go fast!!
  • Stories: 1 Story
  • Sale Price List Price: 0.95
  • Total Stories: 1
  • Year Built: 1926
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood
  • Fencing: Full
  • Roof: Composition
  • View: Evening Lights

Garage/Parking

  • Parking for RV: On-Site Parking

Utilities

  • Cooling: Central Forced Air
  • Security: Automatic Gate
  • Water: Meter on Property
  • Water Heater Type: Electric
  • Telecommunications: Wired High Speed Internet
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: SAN DIEGO
  • Complex Features: BBQ

Lot Info

  • Irrigation: Automatic
  • Lot Size: 7,500-10,889 SF
  • Site: Alley Access
  • Assessor Parcel Number: 539-242-02-00
  • Land Use Code: Mult

Rental Info

  • Tenant Pays: Water, Electricity

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 58751
  • Annual Expense Actual: 13849
  • Gross Rent Multiplier Actual: 1253886.0
  • Gross Sched Income Actual: 72600
  • Number Of Buildings: 2
  • Number Of Furnished Units: 2
  • Number Of Units With Cooling: 2
  • 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

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
11/15/2017 11/15/17 Sold $1,142,000 -4.8% $617 / Sq Ft
10/16/2017 10/16/17 Pending -- -- --
07/28/2017 07/28/17 For Sale $1,199,000 0.0% $648 / Sq Ft
03/01/2017 03/01/17 Rented $4,200 +5.0% --
01/29/2017 01/29/17 For Rent $4,000 -- --
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: 170039560

San Diego MLS