NOT LISTED FOR SALE

2850-56 W Broadway San Diego, CA 92101

Golden Hill Neighborhood
8 Beds
4 Baths
2,800 Sq Ft
1951 Built

Last Sold December 02, 2021

Last sale price $1,695,000 $605 Per Sq Ft

9 Days on Market

About This Home

As of December 2021

2850-56 Broadway are garden style apartments in the highly desirable Golden Hill submarket of San Diego. This property has a phenomenal walkability score and is located a few minutes from Downtown San Diego. The property consists of 4 x 2 bed/1 bath units with a laundry room and four garages in the back facing the alley. This property has room for upside in rents and can also be developed into a 6 unit apartment complex by converting the back four garages into two 1 ADU's. Since the location and upside potential in this property is so desirable, an investor can't go wrong investing in this trophy asset. Call the listing agent for any questions or concerns.

Last Agent to Sell the Property

Jason Lee

Nara Advisors, Inc. License #02068011 Listed on: 05/25/2021

Last Buyer's Agent

Jason Lee

Nara Advisors, Inc. License #02068011 Listed on: 05/25/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Home Design

  • Composition Roof

Additional Features

  • 1-Story Property
  • Gated Home

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 539-522-23-00

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Golden Hill Park Community

Building Details

  • Net Operating Income $53,032

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: 28th st
  • Neighborhood: Golden Hill
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 1951
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Gate
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: Golden Hill Park
  • Community: SAN DIEGO

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 539-522-23-00

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 53032
  • Annual Expense Actual: 31444
  • Annual Expense Projected: 31444
  • Gross Rent Multiplier Actual: 19.0
  • Gross Rent Multiplier Projected: 14.0
  • Gross Sched Income Actual: 87088
  • Gross Sched Income Projected: 120567
  • Number Of Buildings: 2
  • Number Of Units With Garage: 4

Range of Values:

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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 Change Sq Ft Price
12/02/2021 12/02/21 Sold $1,695,000 0.0% $605 / Sq Ft
06/04/2021 06/04/21 Pending -- -- --
05/25/2021 05/25/21 For Sale $1,695,000 -- $605 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jason Lee

    Seller's Agent in 2021

    Jason Lee

    Nara Advisors, Inc.

    (858) 221-9649

    2 in this area

    125 Total Sales

    Jason Lee
    Section Image
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Map

Source: San Diego MLS

MLS Number: 210014134

San Diego MLS
California San Diego County San Diego 92101 Golden Hill

2850-56 W Broadway, San Diego, CA

This home is located at 2850-56 W Broadway, San Diego, CA 92101 since 25 May 2021. This property was built in 1951. 2850-56 W Broadway is a home located in San Diego County with nearby schools including Golden Hill Elementary School, Roosevelt International Middle School, and Albert Einstein Academy.

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