NOT LISTED FOR SALE
6 Beds
5 Baths
-- Sq Ft
4,890 Sq Ft Lot

Last Sold August 01, 2022

Last sale price $1,700,000

42 Days on Market

Highlights

  • Bay View
  • Property is Fully Fenced
  • 4-minute walk to Waldo Dean Waterman Park and Monument
  • Corner Lot
  • Wood Siding

About This Home

As of August 2022

Located on a large corner lot in the heart of Bankers Hill, with beautiful Bay Views, walking distance to Downtown and Little Italy. Great 3-unit property with lots of upside potential. Effective year built 2015 and zoned RM3-7 it makes for an outstanding investment property or live in one and rent out the others. Prior to the pandemic this property was used as a vacation rental with strong income revenue. The property consists of (1) an upstairs 2-bedroom, 1.5 bath, with laundry in-unit; (2) a downstairs 2-bedroom, 1.5 bath with fireplace and laundry in-unit, and, (3) a separate Cottage with 2- bedroom, 1 bath with adjacent laundry room. The upstairs and downstairs units have beautiful views of the Bay & City. Their is also a common courtyard for BBQs & entertaining. All units are currently rented please don't disturb occupants.

Last Agent to Sell the Property

Patrick Olmstead

Coldwell Banker West License #00886130 Listed on: 06/06/2022

Coldwell Banker West

Last Buyer's Agent

Robert Antoniadis

Robert Realty License #01727428

Property Details

Home Type

  • Multi-Family

Year Built

  • 2015

Lot Details

  • 4,890 Sq Ft Lot
  • Property is Fully Fenced
  • Corner Lot
  • Level Lot
  • Sprinkler System

Property Views

  • Bay
  • City

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 533-075-05-00

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Bankers Hill Community

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $59,105

Property Details

Home Type

Multi-Family

Year Built

2015

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Metro Central
  • Cross Street: W Kalmia
  • Neighborhood: Bankers Hill
  • LP / Sq Ft: 17.42
  • Sale Price List Price: 0.92
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 2015

Exterior Features

  • Exterior Material: Stucco, Wood
  • Fencing: Full
  • Roof: Composition
  • View: Bay, City

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial)
  • Heat Equipment: Forced Air Unit, Wall/Gravity

Condo/Co-op/Association

  • Complex Name: Bankers Hill
  • Pets Allowed: Yes
  • Community: SAN DIEGO

Schools

  • School District URL: https://www.sandiegounified.org/

Lot Info

  • Irrigation: Sprinklers
  • Lot Size: 4,000-7,499 SF
  • Site: Corner Lot, Public Street, Sidewalks, Street Paved
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: RM3-7
  • Assessor Parcel Number: 533-075-05-00
  • Estimated Lot Sq Ft: 4890

Rental Info

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

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 59105
  • Annual Expense Actual: 26635
  • Annual Expense Projected: 26635
  • Gross Rent Multiplier Actual: 21.5
  • Gross Rent Multiplier Projected: 17.4
  • Gross Sched Income Actual: 85740
  • Gross Sched Income Projected: 106140
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 3
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Dryers: 3
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3

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
08/01/2022 08/01/22 Sold $1,700,000 -8.1% --
07/19/2022 07/19/22 Pending -- -- --
06/06/2022 06/06/22 For Sale $1,849,000 +32.5% --
02/03/2017 02/03/17 Sold $1,395,000 0.0% $465 / Sq Ft
01/08/2017 01/08/17 Pending -- -- --
12/10/2016 12/10/16 Price Changed $1,395,000 -2.1% $465 / Sq Ft
11/15/2016 11/15/16 Price Changed $1,425,000 0.0% $475 / Sq Ft
11/15/2016 11/15/16 For Sale $1,425,000 -1.4% $475 / Sq Ft
10/19/2016 10/19/16 Pending -- -- --
09/28/2016 09/28/16 Price Changed $1,445,000 -3.3% $482 / Sq Ft
08/18/2016 08/18/16 For Sale $1,495,000 0.0% $498 / Sq Ft
08/01/2016 08/01/16 Pending -- -- --
05/26/2016 05/26/16 For Sale $1,495,000 +78.0% $498 / Sq Ft
07/22/2013 07/22/13 Sold $840,000 0.0% --
06/10/2013 06/10/13 Pending -- -- --
04/05/2013 04/05/13 For Sale $840,000 0.0% --
03/28/2013 03/28/13 Rented $1,350 0.0% --
03/28/2013 03/28/13 For Rent $1,350 -- --
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: 220014030

San Diego MLS

APN: 533-075-05-00