NOT LISTED FOR SALE

2434-38 Broadway San Diego, CA 92102

Golden Hill Neighborhood
5 Beds
4 Baths
2,810 Sq Ft
1950 Built

Last Sold February 25, 2022

Last sale price $1,650,000 $587 Per Sq Ft

13 Days on Market

About This Home

As of February 2022

Fantastic Golden Hill 4 units available. Long term ownership with long term tenants. Rents are 50% below market but the property should be in good condition with hands on ownership. Immediate Upside in Garage Income and Potential to add an ADU or two by converting a garage and/or utilizing the large .15 ACRE Lot. Diverse Unit Mix with 2BR, 1BR & a Studio. 3 Garages. Plenty of Street Parking. Walk Score 81 out of 100 which is considered "Very Walkable". Close to dining, markets, freeways & downtown San Diego.

Last Agent to Sell the Property

Thomas McCartin

Marcus & Millichap License #01427348 Listed on: 01/25/2022

Last Buyer's Agent

Thomas McCartin

Marcus & Millichap License #01427348 Listed on: 01/25/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • 1950

Lot Details

  • 6,735 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 534-272-16-00

Community Details

Overview

  • 3 Buildings
  • 4 Units
  • Golden Hill Community

Building Details

  • Net Operating Income $27,601

Property Details

Home Type

Multi-Family

Year Built

1950

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Metro Central
  • Cross Street: Broadway & 24th Street
  • Neighborhood: Golden Hill
  • LP / Sq Ft: 16.21
  • Stories: 2 Story
  • Sale Price List Price: 1.06
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1950

Exterior Features

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

Condo/Co-op/Association

  • Complex Name: Golden Hill

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Zoning: MF 2-4
  • Assessor Parcel Number: 534-272-16-00
  • Estimated Lot Sq Ft: 6735

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 27601
  • Annual Expense Actual: 27599
  • Annual Expense Projected: 27599
  • Gross Rent Multiplier Actual: 30.04
  • Gross Rent Multiplier Projected: 12.76
  • Gross Sched Income Actual: 51600
  • Gross Sched Income Projected: 121440
  • Number Of Buildings: 3
  • Number Of Units With Garage: 3
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Other Income Actual: 3600
  • Other Income Projected: 5400.0

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 List to Sale Price per Sq Ft
02/25/2022 02/25/22 Sold $1,650,000 +6.5% $587 / Sq Ft
02/08/2022 02/08/22 Pending -- -- --
01/25/2022 01/25/22 For Sale $1,550,000 -- $552 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Thomas McCartin

    Seller's Agent in 2022

    Thomas McCartin

    Marcus & Millichap

    (858) 362-9376

    1 in this area

    34 Total Sales

    Thomas McCartin
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Map

Source: San Diego MLS

MLS Number: 220001546

San Diego MLS
California San Diego County San Diego 92102 Golden Hill

2434-38 Broadway, San Diego, CA

This home is located at 2434-38 Broadway, San Diego, CA 92102 since 25 January 2022. This property was built in 1950. 2434-38 Broadway is a home located in San Diego County with nearby schools including Roosevelt International Middle School, Urban Discovery Academy Charter, and Urban Discovery Academy Charter School.

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