$1,659,000
$81K PRICE DROP

Estimated payment $9,682/month

Total Views 4,295
4 Beds
3 Baths
1,726 Sq Ft
$961 Price per Sq Ft

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property
  • Grant K-8 Rated A-
  • No Heating
  • 2-minute walk to Old Town Plaza

About This Home

Prime Old Town San Diego 3-unit property offering strong income and future flexibility. Each unit has dedicated parking, new water heaters, and countless upgrades. The 2BR/1BA cottage with private yard is perfect for owner-occupants, while the duplex features two 1BR/1BA units, all units have in-unit laundry, updated kitchens/baths, private patios, and dedicated parking. Recent improvements include a new roof, plumbing upgrades, new water heaters, and modern finishes. Fully tenant-occupied and currently generating $7,470/month in rent. Property previously ran as a short-term rental and generated even more in monthly income! Live in one unit and rent the others, or continue as a pure investment. With RM-3-7 zoning, there’s potential to add more units or ADUs (buyer to verify). A rare opportunity in a highly desirable location with built-in cash flow and future upside.

Listing Agent

Jay Johnson

LPT Realty, Inc. Brokerage Email: jay@landingcollective.com License #02012350 Listed on: 08/07/2025

LPT Realty, Inc.

Co-Listing Agent

Nicole Farquar

LPT Realty, Inc. Brokerage Email: jay@landingcollective.com License #02025286

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,627

Year Built

  • Built in 1948

Lot Details

  • 8,276 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 1,726 Sq Ft Home
  • 1-Story Property
  • Gas Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Utilities

  • No Heating
  • Water Heater

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 1 / 450
  • Assessor Parcel Number 4426621600

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gross Income $7,470

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,627

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Assessments: No
  • Price Per Unit: 553000
  • Property Attached: Yes
  • View: No
  • Zoning: R-3: Restricted Multiple
  • Property Type: Residential Income
  • Parcel Number: 4426621600
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: Exterior
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 961.18

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Appliances: Gas Range, Refrigerator, Water Heater
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8276.40
  • Lot Size Acres: 0.1900

Multi Family

  • Gross Income: 7470.00
  • Gross Scheduled Income: 7470.00
  • Lot Size Area: 0.1900 Acres
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number Wall A C: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Rent Control: No
  • Total Actual Rent: 7470.00

Tax Info

  • Tax Block: 450
  • Tax Lot: 1
  • Tax Tract Number: Mm0040

Map

Range of Values:

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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 $10,627 $879,229 $628,023 $251,206
2024 $10,627 $861,990 $615,709 $246,281
2023 $10,392 $845,089 $603,637 $241,452
2022 $10,116 $828,519 $591,801 $236,718
2021 $10,047 $812,275 $580,198 $232,077
2020 $9,925 $803,947 $574,249 $229,698
2019 $9,748 $788,185 $562,990 $225,195
2018 $9,114 $772,731 $551,951 $220,780
2017 $8,897 $757,580 $541,129 $216,451
2016 $8,754 $742,726 $530,519 $212,207
2015 $8,625 $731,571 $522,551 $209,020
2014 $8,490 $717,241 $512,315 $204,926
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2025 08/21/25 Price Changed $1,659,000 -4.7% $961 / Sq Ft
08/07/2025 08/07/25 For Sale $1,740,000 -- $1,008 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $799,000 Chicago Title Co
Grant Deed $725,000 Chicago Title Co
Interfamily Deed Transfer -- Chicago Title Co
Deed $575,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $639,200 Negative Amortization
Previous Owner $543,750 Unknown
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2506000

California Regional Multiple Listing Service (CRMLS)

APN: 442-662-16