NOT LISTED FOR SALE

Estimated Value: $353,000 - $1,069,000

3 Beds
2 Baths
1,400 Sq Ft
$514/Sq Ft Est. Value

Last Sold December 16, 2022

Last sale price $1,100,000 $786 Per Sq Ft

Est. 35% decrease in value since last sale

Current estimated payment $4,447/month

46 Days on Market

Highlights

  • 21,065 Sq Ft lot
  • 1-Story Property
  • Property is Fully Fenced

About This Home

As of December 2022

Investor Opportunity. Do not visit or walk on property. Rare opportunity to purchase a 21,065 SF lot with potential to build up to six detached homes, each with a garage and an ADU. Talk to an architect about how to add junior ADUs as well. Potential for 15 units. Option 2: Adjust lot lines and rehab current structures. All properties, 2922-24 Menlo, are being sold to the same Buyer. Located in a central location close to freeways and only 10 minutes to Downtown San Diego, Balboa Park, and bordering walkable, upbeat neighborhoods like North Park, South Park, and Golden Hill. There are three parcel #s: 476-401-21-00, 476-401-23-00,476-401-22-00.

Last Agent to Sell the Property

Robert Donahue

Compass License #01955467 Listed on: 06/23/2022

Compass

Last Buyer's Agent

Robert Antoniadis

Robert Realty License #01727428

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,038

Year Built

  • 2000

Lot Details

  • 0.48 Acre Lot
  • Property is Fully Fenced

Home Design

  • Composition Roof
  • Stone Exterior Construction

Interior Spaces

  • 1-Story Property

Listing and Financial Details

  • Tenant pays for water, electricity, gas/propane
  • Assessor Parcel Number 476-401-23-00

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Menlo Properties Community

Building Details

  • Net Operating Income $30,064

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,038

Year Built

2000

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Metro Uptown
  • Cross Street: Olive
  • Neighborhood: Swan Canyon
  • Stories: 1 Story
  • Sale Price List Price: 0.88
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 2000

Exterior Features

  • Exterior Material: Stone
  • Fencing: Full
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: Menlo Properties
  • Community: CITY HEIGHTS
  • Manager Name: Lily

Lot Info

  • Lot Size: .5 to 1 AC
  • Assessor Parcel Number: 476-401-23-00
  • Estimated Lot Sq Ft: 21065

Rental Info

  • Tenant Pays: Water, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 30064
  • Annual Expense Actual: 1000
  • Gross Rent Multiplier Actual: 40.0
  • Gross Sched Income Actual: 31164
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 1
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 18, 2022
Sold by
Jo Victor and Jo Lily
Bought by
Swan Canyon Llc
Total Days on Market
46
Current Estimated Value
$719,333

Purchase Details

Closed on
Jun 8, 2021
Sold by
Gloria Lily Ann
Bought by
Gloria Lily Ann and Gloria Victor

Purchase Details

Closed on
Oct 2, 2000
Sold by
Gloria Victor and Gloria Lily Ann
Bought by
Retana Irma T

Purchase Details

Closed on
Apr 28, 1986
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Swan Canyon Llc $1,100,000 First American Title
Gloria Lily Ann -- None Available
Retana Irma T -- --
-- $98,500 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2022 12/16/22 Sold $1,100,000 -12.0% $786 / Sq Ft
08/09/2022 08/09/22 Pending -- -- --
06/23/2022 06/23/22 For Sale $1,250,000 -- $893 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

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
2024 $5,038 $408,000 $408,000 --
2023 $4,927 $75,042 $75,042 $0
2022 $939 $75,042 $75,042 $0
2021 $933 $73,571 $73,571 $0
2020 $922 $72,817 $72,817 $0
2019 $906 $71,390 $71,390 $0
2018 $849 $176,603 $176,603 $0
2017 $82 $68,619 $68,619 $0
2016 $816 $67,274 $67,274 $0
2015 $804 $66,264 $66,264 $0
2014 $792 $64,966 $64,966 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 220015999

San Diego MLS

APN: 476-401-21