NOT LISTED FOR SALE
9 Beds
7 Baths
-- Sq Ft
1973 Built

Last Sold August 17, 2017

Last sale price $985,000

60 Days on Market

About This Home

As of August 2017

Presenting a 4 unit property in the sought after Oceanside sub-market of Fire Mountain. The property boasts 4,667 rentable square feet and was constructed in 1973. Unit mix is composed of (1) 3 bedroom 2 bath unit, (2) 2 bedroom 1.5 bath townhouse style units, and (1) 2 bedroom 1 bath unit. The 3 bedroom unit has a 2 car garage, all other units have a single car garage. Individual water heaters. With low rents there is ample opportunity for a new owner to add value and increase the cash flow.

Last Listed By

Gary Kaufman

South Coast Commercial, Inc. License #01816761 Listed on: 04/20/2017

South Coast Commercial, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Home Design

  • Brick Exterior Construction
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane, hot water
  • Assessor Parcel Number 165-011-07-00

Community Details

Overview

  • 4 Units
  • Fire Mountain Community

Building Details

  • Net Operating Income $34,760

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal North
  • Cross Street: Via Sonora & Via Las Rosas
  • Neighborhood: Fire Mountain
  • Stories: 2 Story
  • Sale Price List Price: 0.9
  • Total Stories: 2
  • Year Built: 1973
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Brick, Stucco, Wood

Condo/Co-op/Association

  • Complex Name: Fire Mountain
  • Community: OCEANSIDE

Lot Info

  • Lot Size: .25 to .5 AC
  • Assessor Parcel Number: 165-011-07-00

Rental Info

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

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 34760
  • Annual Expense Actual: 23440
  • Gross Rent Multiplier Actual: 18.3
  • Gross Rent Multiplier Projected: 14.1
  • Gross Sched Income Actual: 60000
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Dryers: 4
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 4
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 4

Range of Values:

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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 Change Sq Ft Price
08/17/2017 08/17/17 Sold $985,000 -10.5% --
06/19/2017 06/19/17 Pending -- -- --
04/20/2017 04/20/17 For Sale $1,100,000 -- --
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: 170019925

San Diego MLS