$2,250,000
SOLD OCT 28, 2024
9 Beds
4 Baths
3,215 Sq Ft
6,251 Sq Ft Lot

Recently Sold

$700 Per Sq Ft

10% Below List Price

6 Days on Market

Highlights

  • Property is near a park
  • Wood Flooring
  • Private Yard
  • Crown Point Junior Music Academy Rated A-
  • Corner Lot
  • No HOA

About This Home

As of October 2024

Pacific Beach gem! Awesome cash flow opportunity awaits. First time on market in over 40 years! This large 4 unit property close to the bay is situated on a rare corner lot with 4 garages! Excellent unit mix with 1 three bedroom unit above the garages that features a balcony with views, and 3 two bedroom units on the ground level, each with outdoor yard space. This would make an excellent long term, mid-term, or short term rental property. As of this listing, San Diego still has over 600 Tier 3 Short-Term Residential Occupancy (STRO) permits available! Laundry room with coin-operated machines provides additional revenue opportunity.

Last Agent to Sell the Property

Trevor Smith

Lily Field Realty Brokerage Email: trevor.smith@evrealestate.com License #01700986 Listed on: 09/20/2024

Lily Field Realty

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 6,251 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Corner Lot
  • Rectangular Lot
  • Level Lot
  • Private Yard
  • Lawn
  • Front Yard

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,215 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Location

  • Property is near a park
  • Property is near public transit
  • Urban Location
  • Suburban Location

Utilities

  • No Heating
  • Overhead Utilities

Listing and Financial Details

  • Legal Lot and Block 19,20 / 281
  • Tax Tract Number 922
  • Assessor Parcel Number 4242611200
  • $44 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Property is near a preserve or public land

Amenities

  • Laundry Facilities

Recreation

  • Park
  • Water Sports
  • Bike Trail

Building Details

  • 2 Leased Units
  • 5 Separate Electric Meters
  • 1 Separate Water Meter
  • New Taxes Expense $31,000
  • Gross Income $45,474

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 1.80
  • Price Per Unit: 623750
  • Property Attached: Yes
  • View: No
  • Zoning: RM-1-1
  • Property Type: Residential Income
  • Parcel Number: 4242611200
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Street
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Appliances: No
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 699.84

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: No
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Preserve/Public Land, Sidewalks, Storm Drains, Street Lights, Suburban, Urban, Biking, Park, Watersports

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Landscaped, Lawn, Level with Street, Rectangular Lot, Level, Near Public Transit, Park Nearby, Utilities - Overhead, Walkstreet, Yard
  • Lot Size Sq Ft: 6251.00
  • Lot Size Acres: 0.1435

Multi Family

  • Gross Income: 45474.00
  • Gross Scheduled Income: 45474.00
  • Lot Size Area: 6251.0000 Square Feet
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Number With Range: 4
  • Rent Control: No
  • Total Actual Rent: 3789.50

Tax Info

  • New Taxes Expense: 31000.00
  • Tax Block: 281
  • Tax Lot: 19,20
  • Tax Tract Number: 000922
  • TaxOtherAnnualAssessmentAmount: 43.78

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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
07/18/2025 07/18/25 Pending -- -- --
07/07/2025 07/07/25 For Sale $3,099,000 +37.7% $965 / Sq Ft
10/28/2024 10/28/24 Sold $2,250,000 -9.8% $700 / Sq Ft
09/27/2024 09/27/24 Pending -- -- --
09/20/2024 09/20/24 For Sale $2,495,000 -- $776 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2408423

California Regional Multiple Listing Service (CRMLS)