$1,050,000
SOLD NOV 21, 2024
6 Beds
3 Baths
2,089 Sq Ft
7,348 Sq Ft Lot

Recently Sold

$503 Per Sq Ft

5% Below List Price

1 Day on Market

Highlights

  • Property is Fully Fenced
  • Wood Siding
  • 1-minute walk to L street Mini Park
  • Level Lot
  • 1-Story Property

About This Home

As of November 2024

2 detached homes on 1 lot in Grant Hill with future development opportunity sitting on a 7,348sqft lot with alley access. Zoned RM1-1 in the SD Promise zone, COC zone & transit area to receive bonus building density/opportunity zone tax benefits. This duplex also provides a perfect opportunity to live in one unit and receive cash flow income from the 2nd unit. 2775 K Street is a 1920's Craftsman home approx 1,000+sqft with 2bed/1 bath plus office w/gated front yard & large front porch to enjoy SD weather. Inside a well sized living space welcomes you w/ updated flooring while retaining it's original charm with built-in dining cabinet & window/door casings. Spacious updated kitchen w/tile floor, granite counters, & shaker style cabinetry. Under the home is a large basement that provides plenty of storage, gated private yard w/1 parking space. 2777 K St is a 3bed/2bath approx 1,000+ sqft home with updated kitchen at the back of the property w/ it's own yard space, off street gated parking, stucco exterior, dual pane windows & well sized bedrooms. This unit is currently rented at $3,100/month on a month to month lease. The community of Grant Hill has a rich early San Diego History dating back to the 1880's being named after the son of President Grant. Visit Grant Hill Park, Balboa Park, or soak in the local culture. Just South of the 94 fwy & East of Downtown this transit friendly central location is perfect to explore all of San Diego's best attractions! Short commute to Downtown SD/local area attractions.

Last Agent to Sell the Property

Alice Greliak

Compass License #01869522 Listed on: 10/16/2024

Compass

Last Buyer's Agent

Todd Armstrong

Compass License #01256537

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 7,348 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Parking

  • Alley Access
  • RV Potential

Schools

  • San Diego Unified School District Elementary And Middle School
  • San Diego Unified School District High School

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 535-541-12-00

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • K St Community

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: 28th St
  • Neighborhood: Grant Hill
  • Stories: 1 Story
  • Sale Price List Price: 0.95
  • Total Stories: 1
  • Year Built: 1920
  • 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: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco, Wood
  • Fencing: Full
  • Roof: Composition

Garage/Parking

  • Parking for RV: Potential Space

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Forced Air Unit, Wall/Gravity

Condo/Co-op/Association

  • Complex Name: K St
  • Pets Allowed: Yes
  • Community: SAN DIEGO

Schools

  • School District URL: https://www.sandiegounified.org/
  • Elementary School: San Diego Unified School District
  • Elementary School Website: https://www.sandiegounified.org/
  • High School: San Diego Unified School District
  • Middle School Url: https://www.sandiegounified.org/
  • Middle School: San Diego Unified School District

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Curbs, Public Street, Sidewalks, Street Paved
  • Topography: Level, Slope Gentle
  • Water District: CITY OF SAN DIEGO
  • Zoning: RM 1-1
  • Assessor Parcel Number: 535-541-12-00
  • Estimated Lot Sq Ft: 7348
  • Estimated Number of Acres: 0.17
  • Map Code Column: D
  • Map Code Page: 1289
  • Map Code Row: 4

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Gross Rent Multiplier Actual: 16.62
  • Gross Rent Multiplier Projected: 14.32
  • Gross Sched Income Actual: 66600
  • Gross Sched Income Projected: 76800
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 1
  • Number Of Units With Patios: 1
  • 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
11/21/2024 11/21/24 Sold $1,050,000 -4.5% $503 / Sq Ft
10/18/2024 10/18/24 Pending -- -- --
10/16/2024 10/16/24 For Sale $1,100,000 -- $527 / 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: 240023089

San Diego MLS

APN: 535-541-12-00