NOT LISTED FOR SALE

3022 Cedar St San Diego, CA 92102

South Park Neighborhood
4 Beds
4 Baths
2,150 Sq Ft
3,772 Sq Ft Lot

Last Sold May 01, 2013

Last sale price $780,000 $363 Per Sq Ft

35 Days on Market

Highlights

  • Corner Lot
  • The community has rules related to allowing live work
  • Partially Fenced Property

About This Home

As of May 2013

Opportunity...Great 3 unit income property in the heart of South Park. Very close to restaurants, parks, golf course and schools. Minutes from Downtown. Property has 2 buildings on it, 1 is a duplex and the other is a free standing building. Tenants pay all utilities, 1 to 1 parking ratio. Newly remodeled, newer roof. Development opportunity as property can be commercial as well. For development the FAR is 2, Max DU is 1500, Max Height is 30, Parking Ratio is 1.25. Do not disturb tenants. Great property in heart of South Park. Close to restaurants, parks, golf and schools. Very easy to find tenants. Recently remodeled. Off street 1 to 1 parking. Each tenant pays their own utilities including water. Newer Roofs. Development Opportunity as property can be commercial as well. For Development the FAR is 2, Max DU is 1500, Max Height is 30, Parking Ratio is 1.25. Zoning is GHPD-GH-CC. That provides a Max SQ FT of 7545 and 5 units. All informaiton in this listing must be verified by the buyer and shall not be relied upon by the buyer. Buyer is instructed to conduct a thorough investigation of the zoning and physical characteristics of this property. Buyer to verify all informtion in this listing and the information in this listing should not be relied upon by the buyer.

Last Agent to Sell the Property

Rory Firks

Premier Agency Real Estate Inc. License #01400084 Listed on: 01/02/2013

Co-Listed By

Out of Area Agent

Out of Area Office

Last Buyer's Agent

Non-Member Default

Default Non-Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,444

Year Built

  • 1945

Lot Details

  • 3,772 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Level Lot
  • Sprinklers on Timer

Home Design

  • Split Level Home
  • Composition Roof
  • Stucco Exterior

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for sewer, trash, water, cable TV, electricity, gas/propane
  • Assessor Parcel Number 539-361-05-00

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • The community has rules related to allowing live work

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $44,712

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,444

Year Built

1945

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Metro Central
  • Cross Street: Fern
  • Neighborhood: South Park
  • Supplement: Great property in heart of South Park. Close to restaurants, parks, golf and schools. Very easy to find tenants. Recently remodeled. Off street 1 to 1 parking. Each tenant pays their own utilities including water. Newer Roofs. Development Opportunity as property can be commercial as well. For Development the FAR is 2, Max DU is 1500, Max Height is 30, Parking Ratio is 1.25. Zoning is GHPD-GH-CC. That provides a Max SQ FT of 7545 and 5 units. All informaiton in this listing must be verified by the buyer and shall not be relied upon by the buyer. Buyer is instructed to conduct a thorough investigation of the zoning and physical characteristics of this property. Buyer to verify all informtion in this listing and the information in this listing should not be relied upon by the buyer.
  • Stories: Split Level
  • Sale Price List Price: 1.13
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1945

Exterior Features

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

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial)
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: SAN DIEGO

Schools

  • School District URL: https://www.sandiegounified.org/

Lot Info

  • Irrigation: Automatic
  • Lot Size: 1-3,999 SF
  • Site: Corner Lot
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: GHPD-GH-CC
  • Additional Property Use: Res/Business Use OK
  • Assessor Parcel Number: 539-361-05-00
  • Land Use Code: 6
  • Estimated Lot Sq Ft: 3772

Rental Info

  • Tenant Pays: Sewer, Trash, Water, Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 44712
  • Annual Expense Actual: 8268
  • Gross Rent Multiplier Actual: 13.06
  • Gross Sched Income Actual: 52980
  • Number Of Buildings: 2
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 22, 2013
Sold by
Grb Property Group Llc
Bought by
Black Diamond Bay Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$502,500
Outstanding Balance
$352,600
Interest Rate
3.34%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 18, 2012
Sold by
Faulk Thomas J and Faulk Robert C
Bought by
Grb Property Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
3.62%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Black Diamond Bay Llc $780,000 First American Title
Grb Property Group Llc $610,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Black Diamond Bay Llc $502,500
Previous Owner Grb Property Group Llc $155,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2013 05/01/13 Sold $780,000 +13.3% $363 / Sq Ft
01/21/2013 01/21/13 Pending -- -- --
12/17/2012 12/17/12 For Sale $688,740 -- $320 / 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
2025 $8,444 $695,745 $314,008 $381,737
2024 $8,444 $682,103 $307,851 $374,252
2023 $8,256 $668,729 $301,815 $366,914
2022 $8,037 $655,618 $295,898 $359,720
2021 $7,980 $642,764 $290,097 $352,667
2020 $7,883 $636,174 $287,123 $349,051
2019 $7,743 $623,701 $281,494 $342,207
2018 $7,240 $611,473 $275,975 $335,498
2017 $7,069 $599,484 $270,564 $328,920
2016 $6,957 $587,730 $265,259 $322,471
2015 $6,854 $578,903 $261,275 $317,628
2014 $6,746 $567,564 $256,157 $311,407
Source: Public Records

Agents Affiliated with this Home

  • Rory Firks

    Seller's Agent in 2013

    Rory Firks

    Premier Agency Real Estate Inc.

    (858) 255-0353

    1 in this area

    22 Total Sales

    Rory Firks
    Section Image

  • O

    Seller Co-Listing Agent in 2013

    Out of Area Agent

    Out of Area Office

  • N

    Buyer's Agent in 2013

    Non-Member Default

    Default Non-Member Office

  • K

    Buyer's Agent in 2013

    Kathryn Frost

    RETS IDX TCAR VENDORS

    Section Image
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Map

Source: San Diego MLS

MLS Number: 130000086

San Diego MLS

APN: 539-361-05

California San Diego County San Diego 92102 South Park

3022 Cedar St, San Diego, CA

This home is located at 3022 Cedar St, San Diego, CA 92102 since 02 January 2013. This property was built in 1945. 3022 Cedar St is a home located in San Diego County with nearby schools including Golden Hill Elementary School, Roosevelt International Middle School, and Mcgill School Of Success.

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