NOT LISTED FOR SALE

2238-40 Ocean View Blvd San Diego, CA 92113

Logan Heights Neighborhood
8 Beds
4 Baths
-- Sq Ft
9,086 Sq Ft Lot

Last Sold March 21, 2022

Last sale price $1,400,000

10 Days on Market

About This Home

As of March 2022

We're pleased to present 2238-40 Ocean View Blvd, consisting of four - 2bed/1bath units on a 9086 sq. ft lot. located in the heart of Logan Heights. The units are spread among two buildings with a courtyard and barbecue area and ample parking for both tenants and guests. Rents for all units are under market and with minimal cap-ex and rental stabilization this is a high upside investment. The subject property is extremely well located centrally just a few minutes east of Downtown San Diego & East Village, South of Golden Hill and South Park, North of Coronado and is located in an Opportunity Zone and quickly gentrifying pocket of Logan. Tenants enjoy close proximity to Petco Park, some of the cities best entertainment and restaurants in Downtown, places of employment and the cities major transit lines.

Last Listed By

Cameron Ebrahimi

South Coast Commercial, Inc. License #01820290 Listed on: 02/14/2022

South Coast Commercial, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • 1958

Lot Details

  • 9,086 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Clay Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Listing and Financial Details

  • Tenant pays for water, electricity
  • Assessor Parcel Number 538-420-08-00

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Net Operating Income $47,340

Property Details

Home Type

Multi-Family

Year Built

1958

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Metro Central
  • Cross Street: 28th
  • Neighborhood: Ocean View
  • LP / Sq Ft: 21.29
  • Stories: 2 Story
  • Sale Price List Price: 1.06
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1958

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Tile/Clay

Condo/Co-op/Association

  • Community: LOGAN HEIGHTS

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Assessor Parcel Number: 538-420-08-00
  • Estimated Lot Sq Ft: 9086

Rental Info

  • Tenant Pays: Water, Electricity

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 47340
  • Annual Expense Actual: 23315
  • Annual Expense Projected: 23315
  • Gross Rent Multiplier Actual: 18.2
  • Gross Rent Multiplier Projected: 15.0
  • Gross Sched Income Actual: 72840
  • Gross Sched Income Projected: 88200
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Other Income Projected: 150.0

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 Change Sq Ft Price
03/21/2022 03/21/22 Sold $1,400,000 +5.7% --
02/25/2022 02/25/22 Pending -- -- --
02/14/2022 02/14/22 For Sale $1,325,000 -- --
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cameron Ebrahimi

    Seller's Agent in 2022

    Cameron Ebrahimi

    South Coast Commercial, Inc.

    (858) 729-3094

    1 in this area

    8 Total Sales

    Cameron Ebrahimi
    Section Image
  • Brian Nelson

    Seller Co-Listing Agent in 2022

    Brian Nelson

    South Coast Commercial, Inc.

    (858) 531-8226

    1 in this area

    6 Total Sales

    Brian Nelson
    Section Image

  • A

    Buyer's Agent in 2022

    Anne Marie Mihalkanin

    PE Management Group Inc.

    (858) 472-3393

    2 in this area

    8 Total Sales

    Anne Marie Mihalkanin
    Section Image
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Map

Source: San Diego MLS

MLS Number: 220003233

San Diego MLS

California San Diego County San Diego 92113 Logan Heights

2238-40 Ocean View Blvd, San Diego, CA

Homes for Sale in San Diego, CA

This home is located at 2238-40 Ocean View Blvd, San Diego, CA 92113 since 14 February 2022. This property was built in 1958. 2238-40 Ocean View Blvd is a home located in San Diego County with nearby schools including Logan Memorial Educational Campus and King-Chavez Academy Of Excellence.

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