NOT LISTED FOR SALE
2 Beds
3 Baths
6,852 Sq Ft
5,227 Sq Ft Lot

Sale Details

Date Sold: June 18, 2021

Last sale price $3,850,000 $562 Per Sq Ft

35 Days on Market

About This Home

As of June 2021

5+ cap rate!! New electrical throughout property!!! Rents are ACTUAL and being paid!!! This is far and away the best value on the market!!! Rare opportunity to get a great money maker in a prime location! 4x studios, 8x Jr 1brs (small living room), 4x 1brs. Bay Views from some units. Updates included refinished hardwood floors, triple pane windows, new paint, newer appliances and fixtures. Vintage Charm and historic character in these craftsman style villas. Walk to the Water Front, Balboa Park, Restaurants Shops, Little Italy & Downtown. Minutes to Petco Park!

Last Agent to Sell the Property

Don Swanson

Don Swanson, Real Estate License #01271617 Listed on: 04/01/2021

Last Buyer's Agent

Erik Anderson

Newmark of Southern California License #01991182

Property Details

Home Type

  • Multi-Family

Lot Details

  • 5,227

Home Design

  • 6,852 Sq Ft Home

Additional Features

  • 2 Bedrooms
  • Number of ADU Units: 4

Listing and Financial Details

  • Total Actual Rent $27,800

Community Details

Overview

  • 16 Units

Building Details

  • 8 Leased Units
  • Operating Expense $100,000

Property Details

Home Type

Multi-Family

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Com-Res Income
  • CapRate: 4.83
  • Co List Office Mls Id: 3088
  • Living Area: 6852.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-03-05T10:38:27Z
  • FullAddress: 2003 3rd Ave
  • NumofLeasedApartments: 8
  • ShortSale: No
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 2

Lot Info

  • Zoning: R-3:RESTRI

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 16
  • Annual Operating Expense: 100000.0
  • Total Actual Rent: 27800.0
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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 List to Sale Price per Sq Ft Prior Sale
06/18/2021 06/18/21 Sold $3,850,000 -11.5% $562 / Sq Ft
06/15/2021 06/15/21 Price Changed $4,349,000 -1.1% $635 / Sq Ft
06/02/2021 06/02/21 Price Changed $4,399,000 0.0% $642 / Sq Ft
05/17/2021 05/17/21 For Sale $4,400,000 0.0% $642 / Sq Ft
05/07/2021 05/07/21 Pending -- -- --
04/29/2021 04/29/21 Price Changed $4,400,000 -4.3% $642 / Sq Ft
04/25/2021 04/25/21 Price Changed $4,600,000 -2.1% $671 / Sq Ft
04/21/2021 04/21/21 Price Changed $4,700,000 -1.1% $686 / Sq Ft
04/01/2021 04/01/21 For Sale $4,750,000 +33.8% $693 / Sq Ft
12/15/2020 12/15/20 Sold $3,550,000 -10.7% $518 / Sq Ft View Prior Sale
10/23/2020 10/23/20 Pending -- -- --
10/13/2020 10/13/20 Price Changed $3,975,001 0.0% $580 / Sq Ft
09/15/2020 09/15/20 Price Changed $3,975,000 -18.9% $580 / Sq Ft
06/06/2020 06/06/20 Price Changed $4,900,000 -9.3% $715 / Sq Ft
04/21/2020 04/21/20 For Sale $5,400,000 -- $788 / Sq Ft
Source: San Diego MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $50,267 $4,167,362 $2,273,106 $1,894,256
2024 $50,267 $4,085,650 $2,228,536 $1,857,114
2023 $49,154 $4,005,540 $2,184,840 $1,820,700
2022 $47,845 $3,927,000 $2,142,000 $1,785,000
2021 $43,821 $3,550,000 $1,950,000 $1,600,000
2020 $24,060 $1,950,000 $910,000 $1,040,000
2019 $23,631 $1,911,765 $892,157 $1,019,608
2018 $22,091 $1,874,280 $874,664 $999,616
2017 $21,563 $1,837,530 $857,514 $980,016
2016 $16,497 $1,400,000 $619,000 $781,000
2015 $16,501 $1,400,000 $619,000 $781,000
2014 $16,568 $1,400,000 $619,000 $781,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210008345

San Diego MLS

APN: 533-206-05-00

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