NOT LISTED FOR SALE

2022 Ocean View Blvd San Diego, CA 92113

Logan Heights Neighborhood
4 Beds
3 Baths
1,850 Sq Ft
3,360 Sq Ft Lot

Last Sold April 30, 2019

Last sale price $520,000 $281 Per Sq Ft

28 Days on Market

Highlights

  • City Lights View
  • 2-minute walk to 25Th & Commercial
  • 1-Story Property
  • Property is Fully Fenced
  • Level Lot

About This Home

As of April 2019

Centrally located three on one / triplex in the Logan Heights area. Attractive upside potential & substantial opportunity for a new owner/investor to increase rents through efficient mgmt. & property improvements. Recent owner improvements include plumbing, fixtures, & newer flooring in 2 of the units. Stucco exterior allows for relatively low exterior maintenance. Property is just steps to the trolley line/mass transit & walking dist. to all conveniences. Easy fwy access. All tenants are Month-to-Month. This Property falls within the "Opportunity Zone! Investor's Keep all Appreciation on this purchase if they hold the property for at least 10 Years! The 2017 Tax Cuts and Jobs Act includes a new tax incentive provision intended to promote investment in economically distressed communities, referred to as “Opportunity Zones.” Through this program, investors can achieve the following three significant tax benefits: 1. Deferral of Gain: tax on capital gains following disposition of property are deferred if such gains are invested in a “Qualified Opportunity Fund” within 180 days of disposition until the earlier of the date on which the subsequent investment is sold or exchanged, or December 31, 2026; 2. Up to 15% of Taxable Gain Extinguished: 10% of the tax on the gain invested in the QOF is eliminated after 5 years and an additional 5% (for a total of 15%) is eliminated after 7 years; and 3. Elimination of Gain on Investment in Fund: if the investment is held in the QOF for at least 10 years, taxes on the appreciation in value of the investment in the QOF are eliminated. PLEASE VERIFY & CONSULT YOUR TAX/LEGAL Professional.

Last Agent to Sell the Property

Michael Wolf

Coldwell Banker West License #01709065 Listed on: 02/21/2019

Coldwell Banker West

Co-Listed By

Jessica Wolf

Coldwell Banker West License #01855679

Last Buyer's Agent

Daniel Lecuna

Big Block Realty, Inc. License #01876568

Big Block Realty, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 3,360 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot

Parking

  • Alley Access

Home Design

  • Rolled or Hot Mop Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property
  • City Lights Views

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 538-160-05-00

Community Details

Overview

  • 3 Units
  • Barrio Logan Community

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: Dewey
  • Neighborhood: Barrio Logan
  • Supplement: This Property falls within the "Opportunity Zone! Investor's Keep all Appreciation on this purchase if they hold the property for at least 10 Years! The 2017 Tax Cuts and Jobs Act includes a new tax incentive provision intended to promote investment in economically distressed communities, referred to as “Opportunity Zones.” Through this program, investors can achieve the following three significant tax benefits: 1. Deferral of Gain: tax on capital gains following disposition of property are deferred if such gains are invested in a “Qualified Opportunity Fund” within 180 days of disposition until the earlier of the date on which the subsequent investment is sold or exchanged, or December 31, 2026; 2. Up to 15% of Taxable Gain Extinguished: 10% of the tax on the gain invested in the QOF is eliminated after 5 years and an additional 5% (for a total of 15%) is eliminated after 7 years; and 3. Elimination of Gain on Investment in Fund: if the investment is held in the QOF for at least 10 years, taxes on the appreciation in value of the investment in the QOF are eliminated. PLEASE VERIFY & CONSULT YOUR TAX/LEGAL Professional.
  • LP / Sq Ft: 17.32
  • Stories: 1 Story
  • Sale Price List Price: 0.95
  • Total Stories: 1
  • Year Built: 1956
  • 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: Stucco
  • Fencing: Full
  • Roof: Rolled/Hot Mop
  • View: City, Evening Lights

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: Barrio Logan
  • Pets Allowed: Yes
  • Community: LOGAN HEIGHTS
  • Manager Name: KTB

Lot Info

  • Lot Size: 1-3,999 SF
  • Site: Alley Access
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: R-4:MULTIP
  • Assessor Parcel Number: 538-160-05-00
  • Estimated Lot Sq Ft: 3360
  • Water District URL: http://www.ci.san-diego.ca.us/water
  • Estimated Number of Acres: 0.08
  • Map Code Column: D
  • Map Code Page: 1289
  • Map Code Row: 4

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Annual Expense Actual: 14193
  • Annual Expense Projected: 14000
  • Gross Rent Multiplier Actual: 17.0
  • Gross Rent Multiplier Projected: 12.6
  • Gross Sched Income Actual: 33600
  • Gross Sched Income Projected: 45600
  • Number Of Buildings: 1
  • Number Of Units With Dryers: 1
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 1

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
04/30/2019 04/30/19 Sold $520,000 -5.4% $281 / Sq Ft
03/22/2019 03/22/19 Pending -- -- --
03/20/2019 03/20/19 Price Changed $549,900 0.0% $297 / Sq Ft
03/20/2019 03/20/19 For Sale $549,900 -5.0% $297 / Sq Ft
03/03/2019 03/03/19 Pending -- -- --
02/25/2019 02/25/19 For Sale $579,000 0.0% $313 / Sq Ft
02/24/2019 02/24/19 Pending -- -- --
02/21/2019 02/21/19 For Sale $579,000 +55.6% $313 / Sq Ft
03/03/2015 03/03/15 Sold $372,000 -7.0% $186 / Sq Ft
01/19/2015 01/19/15 Pending -- -- --
07/03/2014 07/03/14 For Sale $400,000 -- $200 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael Wolf

    Seller's Agent in 2019

    Michael Wolf

    Coldwell Banker West

    (858) 722-6847

    237 Total Sales

    Michael Wolf
    Section Image
  • Jessica Wolf

    Seller Co-Listing Agent in 2019

    Jessica Wolf

    Coldwell Banker West

    (858) 722-3441

    143 Total Sales

    Jessica Wolf
    Section Image
  • Daniel Lecuna

    Buyer's Agent in 2019

    Daniel Lecuna

    Big Block Realty, Inc.

    (619) 865-3944

    2 in this area

    22 Total Sales

    Section Image
  • Tony Johnson

    Seller's Agent in 2015

    Tony Johnson

    LPT Realty,Inc

    (619) 454-3725

    21 Total Sales

    Tony Johnson
    Section Image
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Map

Source: San Diego MLS

MLS Number: 190009920

San Diego MLS

California San Diego County San Diego 92113 Logan Heights

2022 Ocean View Blvd, San Diego, CA

This home is located at 2022 Ocean View Blvd, San Diego, CA 92113 since 21 February 2019. This property was built in 1956. 2022 Ocean View Blvd is a home located in San Diego County with nearby schools including Burbank Elementary School, Logan Memorial Educational Campus, and King-Chavez Academy Of Excellence.

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