NOT LISTED FOR SALE

2480 1/2 L St San Diego, CA 92102

Sherman Heights Neighborhood
3 Beds
2 Baths
-- Sq Ft
3,705 Sq Ft Lot

Last Sold April 11, 2024

Last sale price $780,000

26 Days on Market

Highlights

  • Gated Home
  • 3-minute walk to 25Th & Commercial
  • 4-minute walk to Sherman Park
  • 1-Story Property

About This Home

As of April 2024

Amazing investment opportunity to own two separate homes within walking distance of downtown!!! The front unit is a 2 bedroom 1 bathroom house and the rear unit is a 1 bedroom 1 bathroom house. Both units have their own private fully fenced yards, private laundry, assigned off-street parking, dishwashers and updated kitchens and bathrooms. Current gross rents of $5,100 and a recent appraisal valued the property at $900,000. Each unit has all the amenities a renter could ask for! The current owner has made several upgrades including but not limited to new flooring and subfloors, new dual paned windows, a mini split, private laundry units and updated landscaping with beautiful mature trees. Walking distance to Balboa Park, groceries, restaurants, schools, public transportation and so much more! Easy access to all major freeways, the beach, downtown and airport. Write an offer today, these homes won’t last long!!!

Last Agent to Sell the Property

Dylan O'Neill

LPT Realty,Inc License #02096031 Listed on: 02/28/2024

LPT Realty,Inc

Last Buyer's Agent

Nathan Abbo

Coldwell Banker West License #01513883

Coldwell Banker West

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2013

Lot Details

  • 3,705 Sq Ft Lot
  • Gated Home
  • Property is Fully Fenced

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Utilities

  • Heat Pump System
  • Separate Water Meter

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 535-461-25-00

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Net Operating Income $44,969

Property Details

Home Type

Multi-Family

Year Built

Built in 2013

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: 25th street and L street
  • Neighborhood: Sherman Heights
  • Stories: 1 Story
  • Sale Price List Price: 0.98
  • Total Stories: 1
  • Year Built: 2013
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

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

Utilities

  • Cooling: Heat Pump(s)
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property

Condo/Co-op/Association

  • Community: SAN DIEGO

Lot Info

  • Lot Size: 1-3,999 SF
  • Water District: CITY OF SAN DIEGO
  • Zoning: R-4:MULTIP
  • Assessor Parcel Number: 535-461-25-00
  • Estimated Lot Dimensions: 26 x 142
  • Estimated Lot Sq Ft: 3705
  • Estimated Number of Acres: 0.09
  • Map Code Column: D
  • Map Code Page: 1289
  • Map Code Row: 4

Rental Info

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

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 44969
  • Annual Expense Actual: 15583
  • Gross Rent Multiplier Actual: 11.11
  • Gross Sched Income Actual: 61200
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 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

Range of Values:

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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
04/11/2024 04/11/24 Sold $780,000 -2.4% --
03/26/2024 03/26/24 Pending -- -- --
03/23/2024 03/23/24 Price Changed $799,000 0.0% --
03/23/2024 03/23/24 For Sale $799,000 -11.2% --
03/11/2024 03/11/24 Price Changed $900,000 +32.4% --
03/07/2024 03/07/24 Pending -- -- --
02/28/2024 02/28/24 For Sale $679,900 -- --
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dylan O'Neill

    Seller's Agent in 2024

    Dylan O'Neill

    LPT Realty,Inc

    (619) 672-3963

    1 in this area

    46 Total Sales

    Dylan O'Neill
    Section Image
  • Nathan Abbo

    Buyer's Agent in 2024

    Nathan Abbo

    Coldwell Banker West

    (619) 261-2999

    1 in this area

    63 Total Sales

    Nathan Abbo
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 240004283

San Diego MLS
California San Diego County San Diego 92102 Sherman Heights

2480 1/2 L St, San Diego, CA

This home is located at 2480 1/2 L St, San Diego, CA 92102 since 28 February 2024. This property was built in 2013. 2480 1/2 L St is a home located in San Diego County with nearby schools including Sherman Elementary School, Logan Memorial Educational Campus, and Albert Einstein Academy Charter Middle.

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