NOT LISTED FOR SALE
4 Beds
4 Baths
2,300 Sq Ft
4,792 Sq Ft Lot

Last Sold April 04, 2017

Last sale price $900,000 $391 Per Sq Ft

114 Days on Market

Highlights

  • Ocean View
  • 3-minute walk to Middletown
  • Gated Home
  • Grant K-8 Rated A-
  • Community Barbecue Grill
  • Gentle Sloping Lot

About This Home

As of April 2017

Panoramic bay, city, and airport views from this prime 3 unit income property! Excellent, central location, close to city, freeways, airport, and all San Diego's major attractions! Large house with attached studio in front building and two separate cottages to help pay your mortgage! Nicely upgraded and this property has tremendous potential! Hurry! Won't last! Seller may carry some financing if needed with large down payment.

Last Agent to Sell the Property

Scott Higgs

Strong House Inc License #01160433 Listed on: 11/09/2016

Last Buyer's Agent

Scott Higgs

Strong House Inc License #01160433 Listed on: 11/09/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • Gated Home
  • Gentle Sloping Lot

Property Views

  • Ocean
  • Bay
  • Panoramic
  • City

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 451-661-04-00

Community Details

Overview

  • 3 Buildings
  • 4 Units

Pet Policy

  • Pets Allowed

Additional Features

  • Community Barbecue Grill
  • Net Operating Income $46,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: W. Palm Street
  • Neighborhood: Mission Hills
  • Stories: 1 Story
  • Sale Price List Price: 0.9
  • Total Stories: 1
  • Year Built: 1940
  • 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: Gate
  • Roof: Composition
  • View: Bay, City, Ocean, Panoramic

Utilities

  • Cooling: Wall/Window
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: MISSION HILLS
  • Complex Features: BBQ
  • Manager Name: Scott Higgs
  • Manager Phone: 619-888-5478

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Topography: Slope Gentle
  • Water District: CITY OF SAN DIEGO
  • Zoning: Multi
  • Assessor Parcel Number: 451-661-04-00
  • Land Use Code: R-3
  • Water District URL: http://www.ci.san-diego.ca.us/water

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 46000
  • Annual Expense Actual: 2600
  • Gross Rent Multiplier Actual: 21.6
  • Gross Sched Income Actual: 48600
  • Gross Sched Income Projected: 55000
  • Number Of Buildings: 3
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 1
  • Number Of Units With Refrigerator: 4

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
04/04/2017 04/04/17 Sold $900,000 -9.5% $391 / Sq Ft
03/03/2017 03/03/17 Pending -- -- --
12/06/2016 12/06/16 Price Changed $995,000 -5.2% $433 / Sq Ft
11/09/2016 11/09/16 For Sale $1,050,000 -- $457 / 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: 160060384

San Diego MLS

APN: 451-661-04-00