NOT LISTED FOR SALE

2142 Felspar St San Diego, CA 92109

Pacific Beach Neighborhood
4 Beds
4 Baths
2,132 Sq Ft
6,098 Sq Ft Lot

Last Sold August 23, 2021

Last sale price $1,580,000 $741 Per Sq Ft

3 Days on Market

Highlights

  • Partially Fenced Property
  • Sessions Elementary School Rated A-
  • 1-Story Property

About This Home

As of August 2021

The property consists of four one bedroom/one bath units and four single car garages that generate additional income. The subject property has been well cared for over the years but an opportunity exists to remodel/modernize the property to maximize the income. The astute investor may explore the addition on an ADU or converting the single garages to ADU's. Residents enjoy a spacious common area and on site parking for select units. Situated on a quiet block of Pacific Beach residents enjoy a peaceful living environment with sufficient off site parking. The property is walking distance to the vibrant Garnet Avenue Business District including major retailers such as Vons, Trader Joe's, CVS, Starbucks and various local restaurants.

Last Agent to Sell the Property

Dylan Wright

MD Real Estate, Inc License #01411216 Listed on: 07/19/2021

Last Buyer's Agent

Dylan Wright

MD Real Estate, Inc License #01411216 Listed on: 07/19/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 6,098

Home Design

  • Composition Roof
  • Stone Exterior Construction

Additional Features

  • 1-Story Property
  • Partially Fenced Property

Community Details

  • 4 Units
  • Net Operating Income $40,207

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 416-552-18-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Noyes
  • Neighborhood: Pacific Beach
  • LP / Sq Ft: 22.56
  • Stories: 1 Story
  • Sale Price List Price: 1.05
  • Total Stories: 1
  • Year Built: 1970
  • 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: Stone
  • Fencing: Partial
  • Roof: Composition

Condo/Co-op/Association

  • Community: PACIFIC BEACH

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Additional Property Use: ORMKS
  • Assessor Parcel Number: 416-552-18-00

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 40207
  • Annual Expense Actual: 27789
  • Annual Expense Projected: 27789
  • Gross Rent Multiplier Actual: 21.68
  • Gross Rent Multiplier Projected: 15.63
  • Gross Sched Income Actual: 59832
  • Gross Sched Income Projected: 86400
  • Number Of Buildings: 1
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Other Income Actual: 9360
  • Other Income Projected: 9600.0

Range of Values:

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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2021 08/23/21 Sold $1,580,000 +5.3% $741 / Sq Ft
07/23/2021 07/23/21 Pending -- -- --
07/19/2021 07/19/21 For Sale $1,500,000 -- $704 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dylan Wright

    Seller's Agent in 2021

    Dylan Wright

    MD Real Estate, Inc

    (858) 692-4434

    11 in this area

    34 Total Sales

    Dylan Wright
    Section Image
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Map

Source: San Diego MLS

MLS Number: 210020286

San Diego MLS

APN: 416-552-18-00

California San Diego County San Diego 92109 Pacific Beach

2142 Felspar St, San Diego, CA

This home is located at 2142 Felspar St, San Diego, CA 92109 since 19 July 2021. This property was built in 1970. 2142 Felspar St is a home located in San Diego County with nearby schools including Sessions Elementary School, Pacific Beach Middle, and Mission Bay High School.

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