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

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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
  • SDMLS_NumofADUUnits: 4.0
  • 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2021
Closed on
May 12, 2021
Sold by
Bought by
Seller's Agent
Don Swanson
Don Swanson, Real Estate
Buyer's Agent
Erik Anderson
Newmark of Southern California
List Price
$4,400,000
Sold Price
$3,850,000
Premium/Discount to List
-$550,000
-12.5%

Purchase Details

Listed on
Apr 17, 2020
Closed on
Dec 10, 2020
Sold by
Bought by
Seller's Agent
Angela Manatt
VIP Premier Realty Corp
Buyer's Agent
Don Swanson
Don Swanson, Real Estate
List Price
$5,400,000
Sold Price
$3,550,000
Premium/Discount to List
-$1,850,000
-34.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.24%
Original Mortgage
$2,485,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 17, 2020
Closed on
Dec 8, 2020
Sold by
Bought by
Seller's Agent
Angela Manatt
VIP Premier Realty Corp
Buyer's Agent
Don Swanson
Don Swanson, Real Estate
List Price
$5,400,000
Sold Price
$3,550,000
Premium/Discount to List
-$1,850,000
-34.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,485,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 12, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
5.86%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,850,000 Ticor Title Sd Commercial
$3,550,000 Ticor Title Company
$3,550,000 Ticor Title Company
$1,500,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed --
Previous Owner $2,485,000
Previous Owner $603,500
Previous Owner $909,000
Previous Owner $800,000
Previous Owner $210,000
Previous Owner $200,000
Previous Owner $950,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $52,243 $4,250,709 $2,318,568 $1,932,141
2025 $52,243 $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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