NOT LISTED FOR SALE

2480 - 2480 1/2 L St San Diego, CA 92102

Sherman Heights Neighborhood
3 Beds
2 Baths
1,300 Sq Ft
3,498 Sq Ft Lot

Last Sold December 16, 2015

Last sale price $365,000 $281 Per Sq Ft

35 Days on Market

Highlights

  • 1-Story Property
  • 4-minute walk to 25Th & Commercial
  • 3-minute walk to Sherman Park
  • Partially Fenced Property
  • Level Lot

About This Home

As of December 2015

Back on the Market! Charming bread and butter cottages in the Sherman Heights historic district! Perfect setup for owner occupant with a helper unit to pay your mortgage! Two separate homes on one lot with private yards and alley access. Both homes are move in ready with updated kitchens, bathrooms, appliances, flooring and paint. Awesome location just minutes from downtown, freeways and the airport and just a short walk to Petco Park! Investors: Take advantage of strong rents and get into this neighborhood now. There’s tremendous long term potential for upside as the area continues to improve. The easy access to the 5, 15, 805, 94 and 165 along with the close proximity to the rapidly expanding East Village of Downtown San Diego will help to increase the demand and desirability of Sherman Heights. Each home has a separate gas & electric meter. One water meter is shared between the two homes. This duplex and the single family house next door used to be operated as one triplex. Better separation via fencing and gates would make a world of difference to the operation and appeal of the lot and yards.

Last Agent to Sell the Property

Aaron Castagna

eXp Realty of California, Inc. License #01458327 Listed on: 10/09/2015

eXp Realty of California, Inc.

Last Buyer's Agent

Kim Tran

Compass License #01332293

Property Details

Home Type

  • Multi-Family

Year Built

  • 1913

Lot Details

  • 3,498 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Parking

  • Alley Access

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 1-Story Property
  • Separate Water Meter

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 535-461-25-00

Property Details

Home Type

Multi-Family

Year Built

1913

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Metro Central
  • Cross Street: 25th Street
  • Neighborhood: San Diego
  • Supplement: Investors: Take advantage of strong rents and get into this neighborhood now. There’s tremendous long term potential for upside as the area continues to improve. The easy access to the 5, 15, 805, 94 and 165 along with the close proximity to the rapidly expanding East Village of Downtown San Diego will help to increase the demand and desirability of Sherman Heights. Each home has a separate gas & electric meter. One water meter is shared between the two homes. This duplex and the single family house next door used to be operated as one triplex. Better separation via fencing and gates would make a world of difference to the operation and appeal of the lot and yards.
  • LP / Sq Ft: 16.44
  • Stories: 1 Story
  • Sale Price List Price: 0.95
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1913

Exterior Features

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

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property

Condo/Co-op/Association

  • Community: SAN DIEGO

Schools

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

Lot Info

  • Lot Size: 1-3,999 SF
  • Site: Alley Access
  • Topography: Level
  • Assessor Parcel Number: 535-461-25-00
  • Land Use Code: MF
  • Estimated Lot Sq Ft: 3498

Multi Family

  • No. of Units: 2
  • Annual Expense Projected: 5382
  • Gross Rent Multiplier Projected: 13.33
  • Gross Sched Income Projected: 28800
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 1

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
12/16/2015 12/16/15 Sold $365,000 -5.2% $281 / Sq Ft
11/13/2015 11/13/15 Pending -- -- --
10/09/2015 10/09/15 For Sale $385,000 +72.6% $296 / Sq Ft
11/12/2014 11/12/14 Sold $223,000 -36.3% $194 / Sq Ft
09/21/2014 09/21/14 Pending -- -- --
09/13/2014 09/13/14 For Sale $350,000 -- $304 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Aaron Castagna

    Seller's Agent in 2015

    Aaron Castagna

    eXp Realty of California, Inc.

    (760) 310-9625

    51 Total Sales

    Aaron Castagna
    Section Image

  • K

    Buyer's Agent in 2015

    Kim Tran

    Compass

    Section Image
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Map

Source: San Diego MLS

MLS Number: 150054981

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

2480 - 2480 1/2 L St, San Diego, CA

This home is located at 2480 - 2480 1/2 L St, San Diego, CA 92102 since 09 October 2015. This property was built in 1913. 2480 - 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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