NOT LISTED FOR SALE

240-48 28th St San Diego, CA 92102

Grant Hill Neighborhood
8 Beds
4 Baths
-- Sq Ft
7,841 Sq Ft Lot

Last Sold March 23, 2023

Last sale price $1,155,000

25 Days on Market

Highlights

  • 1-Story Property
  • Gated Home
  • 1-minute walk to L street Mini Park

About This Home

As of March 2023

We are proud to present this centrally located 4 unit consisting of all 2 bedroom 1 bath units with private patios and in unit washer/dryer hookups situated on a large 7,992 square foot lot. Tenants enjoy the privacy and proximity to Downtown, Balboa Park and the nearby 5, 94 and 15 freeways. Along with the property's great central location, tenants also have an off-street parking space. This property boasts significant rental upside with rents currently about 30% below market

Last Agent to Sell the Property

Colin Darville

Bridgepoint Realty Inc License #02108003 Listed on: 02/04/2023

Co-Listed By

Alexio Barbara

Bridgepoint Realty Inc License #01992393

Last Buyer's Agent

Klemens Ruoss

Berkshire Hathaway HomeService License #01772873

Berkshire Hathaway HomeService

Property Details

Home Type

  • Multi-Family

Year Built

  • 1959

Lot Details

  • 7,841

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 1-Story Property
  • Gated Home

Listing and Financial Details

  • Assessor Parcel Number 535-541-14-00

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • 240 28Th St Community

Building Details

  • Net Operating Income $41,318

Property Details

Home Type

Multi-Family

Year Built

1959

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Metro Central
  • Cross Street: K Street
  • Neighborhood: Grant Hill
  • LP / Sq Ft: 14.18
  • Stories: 1 Story
  • Sale Price List Price: 0.97
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Exterior Features

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

Condo/Co-op/Association

  • Complex Name: 240 28th St
  • Community: SAN DIEGO

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Zoning: RM 1-1
  • Assessor Parcel Number: 535-541-14-00

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 41318
  • Annual Expense Actual: 28040
  • Annual Expense Projected: 28040
  • Gross Rent Multiplier Actual: 17.6
  • Gross Rent Multiplier Projected: 10.9
  • Gross Sched Income Actual: 71136
  • Gross Sched Income Projected: 115200
  • Number Of Buildings: 2
  • Number Of Units With Dryers: 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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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
03/23/2023 03/23/23 Sold $1,155,000 -3.3% --
03/02/2023 03/02/23 Pending -- -- --
02/21/2023 02/21/23 Price Changed $1,195,000 -4.4% --
02/04/2023 02/04/23 For Sale $1,250,000 -- --
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Colin Darville

    Seller's Agent in 2023

    Colin Darville

    Bridgepoint Realty Inc

    (858) 328-2567

    1 in this area

    11 Total Sales

    Colin Darville
    Section Image
  • Alexio Barbara

    Seller Co-Listing Agent in 2023

    Alexio Barbara

    Bridgepoint Realty Inc

    (760) 419-1343

    1 in this area

    51 Total Sales

    Alexio Barbara
    Section Image
  • Klemens Ruoss

    Buyer's Agent in 2023

    Klemens Ruoss

    Berkshire Hathaway HomeService

    (619) 646-8136

    1 in this area

    57 Total Sales

    Klemens Ruoss
    Section Image
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Map

Source: San Diego MLS

MLS Number: 230002328

San Diego MLS
California San Diego County San Diego 92102 Grant Hill

240-48 28th St, San Diego, CA

This home is located at 240-48 28th St, San Diego, CA 92102 since 04 February 2023. This property was built in 1959. 240-48 28th St is a home located in San Diego County with nearby schools including Kimbrough Elementary School, Logan Memorial Educational Campus, and King-Chavez Academy Of Excellence.

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