$1,675,000
$25K PRICE DROP

Estimated payment $9,458/month

Total Views 7,856
4 Beds
4 Baths
2,674 Sq Ft
$626 Price per Sq Ft

Highlights

  • Gated Community
  • Birney Elementary School Rated A
  • Gated Home

About This Home

Pleased to present 2416-2418 Polk Ave, a two-unit apartment building in San Diego’s coveted North Park neighborhood. Built in 2013, the property consists of two large 2 Bed / 2 Bath units totaling 1,337 sf each. The units were designed with modern open floorplans and high ceilings which optimize space and comfort for residents. Each unit is two stories and features an attached two car garage, private rear yard, private roof deck, ducted heating and air conditioning and full-size washers and dryers. Kitchens are designed with butcher block countertops, farmhouse-style sinks and sleek cabinetry that provide abundant storage. The lot totals approximately 3,000 sf and features two individual APN’s which creates the potential opportunity for a future condo conversion, and for the units to be sold individually. Buyer responsible for verifying the ability for a condo conversion with the City of San Diego development department.

Listing Agent

Nate Pepper

CBRE License #01993739 Listed on: 05/15/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,989

Year Built

  • Built in 2013

Home Design

  • Stucco Exterior

Additional Features

  • 2-Story Property
  • Gated Home
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 445-531-33 & 34

Community Details

Overview

  • 2 Buildings
  • 2 Units

Additional Features

  • Net Operating Income $39,172
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,989

Year Built

Built in 2013

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Polk Ave
  • Neighborhood: North Park
  • Stories: 2 Story
  • Total Stories: 2
  • Year Built: 2013
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Gate

Utilities

  • Cooling: Heat Pump(s)
  • Security: Gated Community

Condo/Co-op/Association

  • Community: NORTH PARK

Lot Info

  • Lot Size: 1-3,999 SF
  • Assessor Parcel Number: 445-531-33 & 34

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 39172
  • Annual Expense Actual: 28220
  • Gross Rent Multiplier Actual: 23.86
  • Gross Sched Income Actual: 70200
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Map

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

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,989 $325,781 $119,522 $206,259
2024 $3,989 $319,394 $117,179 $202,215
2023 $3,900 $313,132 $114,882 $198,250
2022 $3,795 $306,993 $112,630 $194,363
2021 $3,768 $300,974 $110,422 $190,552
2020 $3,723 $297,889 $109,290 $188,599
2019 $3,657 $292,049 $107,148 $184,901
2018 $3,420 $286,324 $105,048 $181,276
2017 $83 $280,711 $102,989 $177,722
2016 $3,285 $275,208 $100,970 $174,238
2015 $3,237 $271,075 $99,454 $171,621
2014 $3,187 $265,766 $97,506 $168,260
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2025 08/11/25 Price Changed $1,675,000 -1.5% $626 / Sq Ft
05/15/2025 05/15/25 For Sale $1,700,000 -- $636 / Sq Ft
Source: San Diego MLS

Mortgage History

Date Status Loan Amount Loan Type
Closed $680,000 New Conventional
Closed $500,000 Adjustable Rate Mortgage/ARM
Source: Public Records

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Source: San Diego MLS

MLS Number: 250027554

San Diego MLS

APN: 445-531-33