NOT LISTED FOR SALE
1 Bed
2 Baths
781 Sq Ft
1939 Built

Last Sold May 06, 2019

Last sale price $583,164 $747 Per Sq Ft

119 Days on Market

Highlights

  • Floor Furnace
  • Partially Fenced Property
  • 1-Story Property

About This Home

As of May 2019

Strong buyer interest. Taking back up offers. Charming 1930’s Golden Hill Multi Unit! 1/1 Bungalow w/ full detached Studio. Sits high off the street w/ separate yards, lush and private. Units have been Airbnb rentals (56k gross ’18 w/ 5-stars on both). Studio can be a rental, guest house, office, art studio, for the teens, or expanded. Centrally located 2mi from downtown; enjoy a nice dinner in the yard or nearby restaurants. Great investment, low maintenance, and many possibilities. Square footage includes both units. 2018 Short Term Rental Income: 57k (gross)/ 41k (net) per seller Seller Motivated. 2 on 1 back on the market! 55k price reduction. After going under contract 2 days, December 19 2018, after listing Seller has finally lost confidence after months of runarounds regarding buyer loan qualifying. Appraisal and inspection signed off 3 weeks into escrow Jan. 9, 2019. I know. Owner is selling due to investment opportunities closer to home. Lots of natural light and cool breezes throughout.Updates throughout. If you don't know the neighborhood it's time to take a drive to this pocket of the neighborhood, in up and coming Golden Hill, still a secret to many don't miss out! Perfect for professionals who work downtown and want a quiet detached single family home to come home to. Even if you work at home the amazing freeway access allows you quick travel times wherever you want to explore in San Diego. Just a few blocks from Balboa Hill park with great neighborhood schools. The house was remodeled circa 2007 and the studio in 2010, both updated in June 2017 when property was changed to a vacation rental. Both units have a private yard. Studio has private entrance from front walkway. Both properties have been updated with dual pane windows. Updated appliances (other than stove in studio). Washer and dryer is located in the house while the studio is without. Central heating in house. Studio has a gas radiant heater and an older gas stove. It is conveniently located , 5 minutes to downtown, North Park, Kensington, University Heights, the Navy Medical Center, Balboa Park with easy access to the 94, 805 & 15 Freeways. Buyer must do their own fact finding prior to waiving contingencies and closing escrow.

Last Agent to Sell the Property

Hans Merklein

Greater San Diego Association License #00633429 Listed on: 12/15/2018

Last Buyer's Agent

Julianne Pulido

HomeSmart Realty West License #01891099

HomeSmart Realty West

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 3,634 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Separate Water Meter

Listing and Financial Details

  • Assessor Parcel Number 534-430-06-00

Community Details

Overview

  • Association fees include sewer
  • 2 Buildings
  • 2 Units
  • Golden Hill Community

Building Details

  • Net Operating Income $41,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: 28th & 27th
  • Neighborhood: Golden Hill
  • Supplement: Square footage includes both units. 2018 Short Term Rental Income: 57k (gross)/ 41k (net) per seller Seller Motivated. 2 on 1 back on the market! 55k price reduction. After going under contract 2 days, December 19 2018, after listing Seller has finally lost confidence after months of runarounds regarding buyer loan qualifying. Appraisal and inspection signed off 3 weeks into escrow Jan. 9, 2019. I know. Owner is selling due to investment opportunities closer to home. Lots of natural light and cool breezes throughout.Updates throughout. If you don't know the neighborhood it's time to take a drive to this pocket of the neighborhood, in up and coming Golden Hill, still a secret to many don't miss out! Perfect for professionals who work downtown and want a quiet detached single family home to come home to. Even if you work at home the amazing freeway access allows you quick travel times wherever you want to explore in San Diego. Just a few blocks from Balboa Hill park with great neighborhood schools. The house was remodeled circa 2007 and the studio in 2010, both updated in June 2017 when property was changed to a vacation rental. Both units have a private yard. Studio has private entrance from front walkway. Both properties have been updated with dual pane windows. Updated appliances (other than stove in studio). Washer and dryer is located in the house while the studio is without. Central heating in house. Studio has a gas radiant heater and an older gas stove. It is conveniently located , 5 minutes to downtown, North Park, Kensington, University Heights, the Navy Medical Center, Balboa Park with easy access to the 94, 805 & 15 Freeways. Buyer must do their own fact finding prior to waiving contingencies and closing escrow.
  • Stories: 1 Story
  • Sale Price List Price: 0.98
  • Total Stories: 1
  • Year Built: 1939
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

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

Utilities

  • Cooling: Wall/Window
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Heat Equipment: Floor Furnace

Condo/Co-op/Association

  • Complex Name: Golden Hill
  • Community: SAN DIEGO
  • Home Owner Association Fee Includes: Sewer

Lot Info

  • Lot Size: 1-3,999 SF
  • Site: Curbs, Public Street, Sidewalks, Street Paved
  • Zoning: RM-2-5
  • Assessor Parcel Number: 534-430-06-00
  • Estimated Lot Sq Ft: 3634

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 41000
  • Gross Sched Income Actual: 57000
  • Number Of Buildings: 2
  • Number Of Furnished Units: 2
  • Number Of Units With Cooling: 2
  • Number Of Units With Dryers: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 1

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
05/06/2019 05/06/19 Sold $583,164 -2.0% $747 / Sq Ft
04/14/2019 04/14/19 Pending -- -- --
04/06/2019 04/06/19 For Sale $595,000 0.0% $762 / Sq Ft
04/05/2019 04/05/19 Price Changed $595,000 -8.4% $762 / Sq Ft
12/19/2018 12/19/18 Pending -- -- --
12/15/2018 12/15/18 For Sale $649,500 -- $832 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 180067597

San Diego MLS