$654,000
SOLD JUL 13, 2015
4 Beds
4 Baths
2,040 Sq Ft
3,498 Sq Ft Lot

Recently Sold

$321 Per Sq Ft

1% Above List Price

8 Days on Market

About This Home

As of September 2021

This is an opportunity for an investor or owner-occupant to acquire an income producing four-plex just blocks from rapidly gentrifying East Village and Bario Logan. East Village has become one of the most dynamic and popular areas of the downtown area attracting young professionals from all over. As downtown continues to expand east, this particular property will offer a substantial rental upside for the owner willing to perform renovations.

Last Agent to Sell the Property

Brian Raynoha

Apartment Advisors Inc. License #01798711 Listed on: 05/27/2015

Last Buyer's Agent

Miguel Contreras

Dominion West Properties, Inc. License #01443317

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 3,498 Sq Ft Lot
  • Property is Fully Fenced

Additional Features

  • 2-Story Property
  • Gas Water Heater

Community Details

  • 4 Units
  • Net Operating Income $25,993

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 535-413-14-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: L Street
  • Neighborhood: Sherman Heights
  • LP / Sq Ft: 21.02
  • Stories: 2 Story
  • Sale Price List Price: 1.01
  • Total Stories: 2
  • Year Built: 1946
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Full

Utilities

  • Water Heater Type: Gas

Condo/Co-op/Association

  • Community: SAN DIEGO
  • Manager Phone: 858.869.9290

Lot Info

  • Lot Size: 1-3,999 SF
  • Assessor Parcel Number: 535-413-14-00
  • Land Use Code: MR
  • Estimated Lot Sq Ft: 3498
  • Estimated Number of Acres: 0.0803
  • Map Code Column: c
  • Map Code Page: 1289
  • Map Code Row: 4

Rental Info

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

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 25993
  • Annual Expense Actual: 14168
  • Annual Expense Projected: 14168
  • Gross Rent Multiplier Actual: 15.84
  • Gross Rent Multiplier Projected: 14.12
  • Gross Sched Income Actual: 40980
  • Gross Sched Income Projected: 45960
  • Number Of Buildings: 1
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4

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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
09/28/2021 09/28/21 Sold $1,025,000 +5.1% $507 / Sq Ft
08/24/2021 08/24/21 Pending -- -- --
08/14/2021 08/14/21 For Sale $975,000 +49.1% $483 / Sq Ft
07/13/2015 07/13/15 Sold $654,000 +0.8% $321 / Sq Ft
06/03/2015 06/03/15 Pending -- -- --
05/26/2015 05/26/15 For Sale $649,000 -- $318 / Sq Ft
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: 150028427

San Diego MLS

APN: 535-413-14-00