$2,795,000

Estimated payment $15,471/month

Total Views 547
12 Beds
8 Baths
4,684 Sq Ft
$597 Price per Sq Ft

Highlights

  • 12,382 Sq Ft lot
  • Property Near a Canyon
  • Tankless Water Heater
  • McKinley Elementary School Rated A
  • Valley View
  • Laundry Facilities

About This Home

A rare, investment opportunity in prime North Park. Surrounded by single family homes in the charming, historic Altadena neighborhood, this multi unit property is a truly rare find. Situated on two separate parcels totaling 12,382 SF, the property features four individual 3 BD 2 BA units. Comprising of two 2 story buildings with a shared driveway, onsite covered parking stalls and laundry facilities. Each single level unit is a spacious 1,171 SF and a mirror image of each other. Features include a kitchen and open dining area, large living room, separate hall bath and primary bedroom with ensuite bathroom, plus 2 other bedrooms, ample storage closets and a private patio that overlooks the canyon behind the property. The property has been well maintained over the years and each unit has a very functional floor-plan with good flow. The property offers excellent, long term potential and is located in one of San Diego's most vibrant and walkable neighborhoods with strong rental demand and long term upside. Residents enjoy North Park's vibrant atmosphere with top rated restaurants, boutique breweries, nightlife, shops and easy access to Balboa Park and freeways.

Listing Agent

Anne Herrin

Coldwell Banker Realty License #01715512 Listed on: 08/26/2025

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,260

Year Built

  • Built in 1976

Lot Details

  • 0.28 Acre Lot
  • Property Near a Canyon

Home Design

  • Rolled or Hot Mop Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Valley Views

Utilities

  • Radiant Heating System
  • Separate Water Meter
  • Tankless Water Heater

Listing and Financial Details

  • Assessor Parcel Number 453-832-24-00

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • N/K Community

Additional Features

  • Laundry Facilities
  • Net Operating Income $101,673

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,260

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Felton St
  • Neighborhood: Altadena
  • Stories: 2 Story
  • Total Stories: 2
  • Year Built: 1976
  • 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
  • Prkng Non Garage Spac U3: 1
  • Prkng Non Garage Spac U4: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Frontage: Canyon
  • Roof: Rolled/Hot Mop
  • View: Valley/Canyon

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Tankless
  • Heat Equipment: Radiant

Condo/Co-op/Association

  • Complex Name: N/K
  • Community: NORTH PARK
  • Complex Features: Laundry Facilities

Lot Info

  • Lot Size: .25 to .5 AC
  • Assessor Parcel Number: 453-832-24-00
  • Estimated Lot Sq Ft: 12382

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 101673
  • Annual Expense Actual: 25899
  • Gross Rent Multiplier Actual: 21.95
  • Gross Rent Multiplier Projected: 16.5
  • Gross Sched Income Actual: 127572
  • Gross Sched Income Projected: 169020
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Other Income Actual: 1020

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 $3,260 $264,117 $145,007 $119,110
2024 $3,260 $258,939 $142,164 $116,775
2023 $3,187 $253,863 $139,377 $114,486
2022 $3,100 $248,887 $136,645 $112,242
2021 $3,077 $244,008 $133,966 $110,042
2020 $3,040 $241,507 $132,593 $108,914
2019 $2,986 $236,773 $129,994 $106,779
2018 $2,794 $232,132 $127,446 $104,686
2017 $80 $227,582 $124,948 $102,634
2016 $2,683 $223,121 $122,499 $100,622
2015 $2,644 $219,770 $120,659 $99,111
2014 $2,603 $215,466 $118,296 $97,170
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2025 08/26/25 For Sale $2,795,000 -- $597 / Sq Ft
Source: San Diego MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Grant Deed -- None Listed On Document
Grant Deed -- None Listed On Document
Source: Public Records

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Source: San Diego MLS

MLS Number: 250037245

San Diego MLS

APN: 453-832-24