NOT LISTED FOR SALE

2085 Franklin Ave San Diego, CA 92113

Logan Heights Neighborhood

Estimated Value: $821,000 - $988,684

4 Beds
2 Baths
1,774 Sq Ft
$521/Sq Ft Est. Value

Last Sold January 26, 2023

Last sale price $718,000 $405 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $5,666/month

76 Days on Market

Highlights

  • 1-Story Property
  • Gated Home
  • 4-minute walk to 25Th & Commercial

About This Home

As of January 2023

Don’t let the pictures and curb appeal fool you, the rear unit is in amazing condition and could be move in ready for an owner-landlord. This is the incredible multi-unit income opportunity you have been looking for! This great property is all about location, location, location with so much upward potential. It’s in the heart of Logan Heights, an up-and-coming neighborhood with so much growth. Tenant pride shows in the rear with the beautiful gardens and clean environment for outdoor enjoyment. Perfect for a BBQ, jacuzzi or great deck. There is also a ton of space in the rear that could expand for potential for additional units if the city permits. The front unit has a great yard and so much potential with some upgrades and simple cosmetic TLC inside and out. LIVE IN THE REAR WHILE YOU REHAB THE FRONT!!! For the investor this property has huge rental potential with minimum rehab to bring it to top rental potential. In this location with this much potential, 2 units will not last long! Get it before it’s gone.

Last Agent to Sell the Property

Dennis Dailey

Southwestern Mortgage License #01484412 Listed on: 10/21/2022

Last Buyer's Agent

Jonathan Webster

Webster Realty Group License #01313645

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,853

Year Built

  • 1955

Lot Details

  • 7,277 Sq Ft Lot
  • Gated Home
  • Property is Fully Fenced

Parking

  • Alley Access

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Utilities

  • Gravity Heating System
  • Separate Water Meter

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 538-160-16-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,853

Year Built

1955

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Metro Central
  • Cross Street: 28th
  • Neighborhood: Bario Logan
  • Stories: 1 Story
  • Sale Price List Price: 0.96
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1955

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full, Gate
  • Roof: Composition

Utilities

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

Condo/Co-op/Association

  • Community: LOGAN HEIGHTS

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Site: Alley Access, Curbs, Public Street, Sidewalks
  • Zoning: R-4:MULTIP
  • Assessor Parcel Number: 538-160-16-00
  • Estimated Lot Sq Ft: 7277

Multi Family

  • No. of Units: 2
  • Gross Sched Income Actual: 2064
  • Gross Sched Income Projected: 4000
  • Number Of Buildings: 1
  • Number Of Units With Patios: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 12, 2023
Sold by
Magy Daniel
Bought by
2085 Franklin Llc
Current Estimated Value
$924,921

Purchase Details

Listed on
Oct 21, 2022
Closed on
Jan 19, 2023
Sold by
Villalobos Melanie
Bought by
Magy Daniel
Seller's Agent
Dennis Dailey
Southwestern Mortgage
Buyer's Agent
Jonathan Webster
Webster Realty Group
List Price
$750,000
Sold Price
$718,000
Premium/Discount to List
-$32,000
-4.27%
Views
47

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.07%
Original Mortgage
$568,000
Interest Rate
6.27%
Mortgage Type
Balloon

Purchase Details

Closed on
Apr 26, 2001
Sold by
Wilson William
Bought by
Wilson William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.92%

Purchase Details

Closed on
Nov 1, 2000
Sold by
William Wilson
Bought by
Wilson William
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
2085 Franklin Llc -- None Listed On Document
Magy Daniel -- Chicago Title
Wilson William -- South Coast Title
Wilson William -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2085 Franklin Llc $622,500
Previous Owner Magy Daniel $568,000
Previous Owner Wilson William $203,000
Previous Owner Wilson William $137,000
Previous Owner Wilson William $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2023 01/26/23 Sold $718,000 -4.3% $405 / Sq Ft
01/06/2023 01/06/23 Pending -- -- --
11/29/2022 11/29/22 For Sale $750,000 0.0% $423 / Sq Ft
11/18/2022 11/18/22 Pending -- -- --
10/21/2022 10/21/22 For Sale $750,000 -- $423 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

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 $8,853 $732,360 $561,000 $171,360
2024 $8,853 $718,000 $550,000 $168,000
2023 $5,728 $464,797 $328,093 $136,704
2022 $5,576 $455,684 $321,660 $134,024
2021 $5,538 $446,750 $315,353 $131,397
2020 $5,471 $442,170 $312,120 $130,050
2019 $5,374 $433,500 $306,000 $127,500
2018 $438 $34,468 $10,738 $23,730
2017 $345 $33,793 $10,528 $23,265
2016 $337 $33,131 $10,322 $22,809
2015 $331 $32,634 $10,167 $22,467
2014 $325 $31,995 $9,968 $22,027
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    Dennis Dailey

    Southwestern Mortgage

    (323) 821-8323

    1 in this area

    41 Total Sales

    Dennis Dailey
    Section Image
  • Jonathan Webster

    Buyer's Agent in 2023

    Jonathan Webster

    Webster Realty Group

    (310) 871-6806

    4 in this area

    13 Total Sales

    Jonathan Webster
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 220026517

San Diego MLS

APN: 538-160-16

California San Diego County San Diego 92113 Logan Heights

2085 Franklin Ave, San Diego, CA

This home is located at 2085 Franklin Ave, San Diego, CA 92113 since 21 October 2022 and is currently estimated at $924,921, approximately $521 per square foot. This property was built in 1955. 2085 Franklin Ave 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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