NOT LISTED FOR SALE

2328 Soto St Unit 30 San Diego, CA 92107

Point Loma Heights Neighborhood
6 Beds
5 Baths
3,000 Sq Ft
6,970 Sq Ft Lot

Last Sold February 01, 2018

Last sale price $1,259,000 $420 Per Sq Ft

30 Days on Market

Highlights

  • Park or Greenbelt View
  • Attic Fan
  • Level Lot
  • Ocean Beach Elementary School Rated A
  • Partially Fenced Property
  • 1-minute walk to Collier Neighborhood Park

About This Home

As of February 2018

A lot of possibilities with this 2 on 1 property across from Collier's Park in Ocean Beach. Two separate buildings here surrounded by single family homes. A 3 BR 2 BA approximately 1,300 sf home in front and a 3 BR 2 BA upstairs unit of approximately 1,200 sf with the downstairs of approximately 1,200 sf, which could be used for a garage or other purposes. Second story back unit is bright and airy with great views towards the ocean. Across the street is the Park, Community Garden and natural habitat trail Year Built on the front single story 3 BR 2 BA house is estimated to be 1945 as is indicated on similar properties on the street; however, plans show the rear second story building with the 3 BR 2 BA unit upstairs was built in 1974. These plans are available upon any accepted offer. The Actual and Projected Cap Rates are computed on the estimated real estate taxes that the new owner would or could be paying and not on the existing taxes which are considered extremely low since the property has been held over two generations. Current rents are low due to the fact that one tenant in front has been there for over 20 years. Projected Cap Rate with market rents to be 4.9% to 5.2%.

Last Agent to Sell the Property

Tom Seymour CCIM

Thomas Seymour, Broker License #00399863 Listed on: 11/20/2017

Last Buyer's Agent

Nikolas Mazzola

Shorebreak Real Estate License #01724621

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • Partially Fenced Property
  • Level Lot
  • Sprinkler System

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Park or Greenbelt Views
  • Attic Fan

Location

  • West of 5 Freeway

Schools

  • San Diego Unified School District Elementary And Middle School
  • San Diego Unified School District High School

Utilities

  • Heating System Uses Natural Gas
  • Gravity Heating System
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 448-702-20-00

Community Details

Overview

  • 2 Buildings
  • 2 Units

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $42,610

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Greene
  • Neighborhood: Pt Loma Heights
  • Supplement: Year Built on the front single story 3 BR 2 BA house is estimated to be 1945 as is indicated on similar properties on the street; however, plans show the rear second story building with the 3 BR 2 BA unit upstairs was built in 1974. These plans are available upon any accepted offer. The Actual and Projected Cap Rates are computed on the estimated real estate taxes that the new owner would or could be paying and not on the existing taxes which are considered extremely low since the property has been held over two generations. Current rents are low due to the fact that one tenant in front has been there for over 20 years. Projected Cap Rate with market rents to be 4.9% to 5.2%.
  • LP / Sq Ft: 20.63
  • Stories: 2 Story
  • Sale Price List Price: 0.99
  • Total Stories: 2
  • Year Built: 1945
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood
  • Fencing: Partial
  • Roof: Composition
  • View: Greenbelt, Parklike

Utilities

  • Cooling: Attic Fan
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Electric, Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: OCEAN BEACH

Schools

  • School District URL: https://www.sandiegounified.org/
  • Elementary School: San Diego Unified School District
  • Elementary School Website: https://www.sandiegounified.org/
  • High School: San Diego Unified School District
  • Middle School Url: https://www.sandiegounified.org/
  • Middle School: San Diego Unified School District

Lot Info

  • Irrigation: Sprinklers
  • Lot Size: 4,000-7,499 SF
  • Site: Public Street, Sidewalks, Street Paved, West of I-5
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: MF Com 2+
  • Assessor Parcel Number: 448-702-20-00
  • Land Use Code: R-2
  • Water District URL: http://www.ci.san-diego.ca.us/water
  • Map Code Column: A
  • Map Code Page: 1268
  • Map Code Row: 6

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 42610
  • Annual Expense Actual: 19790
  • Annual Expense Projected: 19790
  • Gross Rent Multiplier Actual: 20.4
  • Gross Rent Multiplier Projected: 15.6
  • Gross Sched Income Actual: 62400
  • Gross Sched Income Projected: 81600
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Garage: 1
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2

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
02/01/2018 02/01/18 Sold $1,259,000 -1.3% $420 / Sq Ft
12/21/2017 12/21/17 Pending -- -- --
11/20/2017 11/20/17 For Sale $1,275,000 -- $425 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2018

    Tom Seymour CCIM

    Thomas Seymour, Broker

    Section Image
  • Nikolas Mazzola

    Buyer's Agent in 2018

    Nikolas Mazzola

    Shorebreak Real Estate

    (619) 851-7680

    1 in this area

    25 Total Sales

    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 170059474

San Diego MLS

APN: 448-702-20-00

California San Diego County San Diego 92107 Point Loma Heights

2328 Soto St Unit 30, San Diego, CA

This home is located at 2328 Soto St Unit 30, San Diego, CA 92107 since 20 November 2017. This property was built in 1945. 2328 Soto St Unit 30 is a home located in San Diego County with nearby schools including Ocean Beach Elementary School, Richard Henry Dana Middle School, and Correia Middle School.

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