NOT LISTED FOR SALE
5 Beds
4 Baths
2,100 Sq Ft
5,621 Sq Ft Lot

Last Sold June 03, 2024

Last sale price $1,650,000 $786 Per Sq Ft

51 Days on Market

Highlights

  • Coastline Views
  • Main Floor Bedroom
  • Private Yard
  • Property is near a park
  • Corner Lot
  • No HOA

About This Home

As of June 2024

Price reduced! Charming, renovated 1939 triplex perfect for owner-occupant. Downtown/Bay views. Extremely well-located at the junction of highly desirable Middletown, Mission Hills, and Bankers Hill. Tenant occupied, but possibility for owner-occupant - call for details. 2 structures. 5,621 SF corner parcel. Front is a 2bed/2bath turnkey house est. @ 1,100 SF w/ private side covered porch with exclusive Downtown and bay views. Interior has been tastefully renovated - all new kitchen/baths, lighting, flooring, paint, SS appliances, cabinets. Rented to long-term tenant at $4.5K/month. Rear 2-story duplex w/ (2) 1bed/1bath units, est. @ 500 SF each, rented to month-month tenants. These units have been recently refreshed but are primed for further upgrades + rent upside. Tenants enjoy private fenced front/side yard areas for additional outdoor relaxation/BBQ space. Newer windows, electrical upgrades, newer mini-split HVAC systems, and exterior landscaping upgrades with new fencing, paint, and drought-tolerant plants. 2 carports offering at least 3 off-street parking spaces and a common-area laundry room for additional income. All units have some views of either Downtown, the Bay or both. Zoned RM-2-5; base density of 1 unit/1,500 SF of land. Complete Communities (Tier 3/6.5x FAR) and Transit Priority Area Overlay zones, both of which lend significant density bonus potential and reduced parking requirements in this prized, coastal location. Fantastic long-term opportunities for investors and developers to explore significant high-density development options. Seller has confirmed any preexisting historical restrictions can be waived; airport authority will allow up to 60’ max. new bldg. height, and has also completed a preliminary architect feasibility study for development of 20-40 multifamily units. Don’t miss this fantastic opportunity to acquire a value-add coastal asset with healthy current income and development potential in one of San Diego’s most desirable residential submarkets!

Last Agent to Sell the Property

Max Delbecq

Top Gun CRE Brokerage Email: maxd@topguncre.com License #01964069 Listed on: 03/06/2024

Co-Listed By

Kenneth Herskind

Top Gun CRE Brokerage Email: maxd@topguncre.com License #01872460

Last Buyer's Agent

Santiago Orvananos

Casa Advisors License #01736139

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 5,621 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Corner Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Private Yard
  • Garden
  • Back and Front Yard
  • Value in Land

Property Views

  • Coastline
  • Bay
  • City Lights
  • Neighborhood

Home Design

  • Triplex

Interior Spaces

  • 2,100 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms | 4 Main Level Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces

Outdoor Features

  • Exterior Lighting

Location

  • Property is near a park
  • Property is near public transit
  • Urban Location

Utilities

  • Ductless Heating Or Cooling System
  • No Heating
  • Overhead Utilities

Listing and Financial Details

  • Tax Tract Number 533055
  • Assessor Parcel Number 5330550100

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Recreation

  • Park
  • Dog Park
  • Water Sports
  • Bike Trail

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: RM-2-5, Complete Communities (Tier 3 ...
  • Property Sub Type: Triplex
  • Property Type: Residential
  • Parcel Number: 5330550100
  • Year Built: 1939
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2100.00 Square Feet
  • Stories: 2
  • Entry Location: Front doors
  • Common Walls: No Common Walls
  • Appliances: No
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Total Bedrooms: 5
  • Entry Level: 1
  • Levels: Two
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 785.71
  • Room Type: Main Floor Bedroom

Exterior Features

  • View: Bay, City Lights, Coastline, Neighborhood, Water
  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: No
  • Total Parking Spaces: 3.00

Utilities

  • Sprinklers: No
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Common Area, Dryer Included, Gas & Electric Dryer Hookup, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Cooling: Ductless
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Urban, Biking, Dog Park, Park, Watersports

Schools

  • School District: San Diego Unified

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Front Yard, Garden, Landscaped, Level with Street, Level, Near Public Transit, Park Nearby, Paved, Utilities - Overhead, Value In Land, Yard
  • Lot Size Sq Ft: 5621.00
  • Lot Size Acres: 0.1290

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5621.0000 Square Feet
  • Number Of Units In Community: 3

Tax Info

  • Tax Tract Number: 533055

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 Change Sq Ft Price
06/03/2024 06/03/24 Sold $1,650,000 0.0% $786 / Sq Ft
06/03/2024 06/03/24 Sold $1,650,000 -2.7% $786 / Sq Ft
04/26/2024 04/26/24 Pending -- -- --
04/26/2024 04/26/24 Pending -- -- --
04/01/2024 04/01/24 Price Changed $1,695,000 0.0% $807 / Sq Ft
04/01/2024 04/01/24 Price Changed $1,695,000 -3.1% $807 / Sq Ft
03/22/2024 03/22/24 Price Changed $1,749,000 0.0% $833 / Sq Ft
03/22/2024 03/22/24 Price Changed $1,749,000 -2.6% $833 / Sq Ft
03/06/2024 03/06/24 Price Changed $1,795,000 0.0% $855 / Sq Ft
03/06/2024 03/06/24 For Sale $1,795,000 -2.7% $855 / Sq Ft
02/28/2024 02/28/24 Price Changed $1,845,000 -2.6% $879 / Sq Ft
02/15/2024 02/15/24 For Sale $1,895,000 0.0% $902 / Sq Ft
02/25/2020 02/25/20 Rented $2,500 0.0% --
02/08/2020 02/08/20 For Rent $2,500 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2401263

California Regional Multiple Listing Service (CRMLS)

APN: 533-055-01-00