NOT LISTED FOR SALE
5 Beds
4 Baths
-- Sq Ft
6,250 Sq Ft Lot

Last Sold October 05, 2020

Last sale price $1,375,000

5 Days on Market

About This Home

As of October 2020

Updated 4-unit income producing property available in coastal Ocean Beach with many possibilities. Live in the detached house and rent out the front building to help pay the mortgage! OR rent out all units for cash flow. OR the lot is zoned for up to six 3-story units or twelve micro units for a development opportunity with ocean views! Front building has been remodeled to include new flooring, new roof, and rebuilt decking. Each unit enjoys off street parking and private outdoor area(s). [Supplement]: Each unit also enjoys views of Sea World. Detached back home boasts a very spacious yard, newer roof (2011), new 100A electrical service (2017), new windows (September 2020), and three parking spots. Entire property sits a bike ride to the beach with easy access to Ocean Beach's shops, bars and restaurants. All units are currently occupied; please do not disturb tenants. Hurry, this cash cow will not last long!

Last Agent to Sell the Property

David Rose

Dream Makers Realty License #01878451 Listed on: 08/28/2020

Last Buyer's Agent

Melinda Merrion

Climb Real Estate License #01415532

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 6,250

Home Design

  • Composition Roof
  • Stucco

Interior Spaces

  • 2-Story Property
  • Bay Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Additional Features

  • 6,250 Sq Ft Lot
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Assessor Parcel Number 4498610200

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Operating Expense $24,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • CapRate: 5.60
  • Property Attached: No
  • Subdivision Name Other: Ocean Beach
  • View: Yes
  • Zoning: R-4:MULTIP
  • Property Type: Residential Income
  • Parcel Number: 4498610200
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Levels: Two

Exterior Features

  • View: Bay
  • Roof: Composition
  • Construction Materials: Stucco

Utilities

  • Cooling: Wall/Window Unit(s)

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6250.00
  • Lot Size Acres: 0.1400

Multi Family

  • Gross Multiplier: 17.70
  • Gross Scheduled Income: 77700.00
  • Lot Size Area: 6250.0000 Square Feet
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Total Expenses: 24000.00

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 List to Sale Price per Sq Ft
10/05/2020 10/05/20 Sold $1,375,000 0.0% --
09/02/2020 09/02/20 Pending -- -- --
08/28/2020 08/28/20 For Sale $1,375,000 -- --
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: 200041922

California Regional Multiple Listing Service (CRMLS)