J
Seller's Agent in 2023
Joseph Galascione
Joseph M. Galascione, Broker
(619) 518-9426
3042 C St San Diego, CA 92102
Golden Hill Neighborhood
9
Beds
6
Baths
4,050
Sq Ft
5,257
Sq Ft Lot
Highlights
- Ocean View
- Property is Fully Fenced
- Level Lot
- Zoned Heating and Cooling
About This Home
As of February 2023Brand new, Turn Key, 3 Unit, Class A Apartment Building in HUD QUALIFIED OPPORTUNITY ZONE which is a huge tax benefit. This Property is located in the very popular South Park/Golden Hill area. New Units are also Exempt from CA Rent Control (Ask attorney)! Property's Current Annual Gross Rents are $147,000 ($12,250 Mthly) and Net Operating Income is $116,900 annual ($9,750 Mthly). Actual GRM is 15.64 and actual 5.1% Cap. The Operating Expenses are very low as the tenants pay ALL utilities & the new property has little maintenance requirements. Each unit is individually metered for water (sub metered), gas (front house only) & electric. Property has solar which is owned. There is off street parking for tenants a 1 to 1 ratio. Close to transit lines & 4 major freeways. Views of Coronado Bridge, Downtown & Ocean from units. Front house recently remodeled, designer inspired finish and completely upgraded. It is a single story craftsman with built-in cabinets, original hardwood floors, a amazing large front porch, & exclusive use front, back and side yards. Back units are Townhouses, built in 2022 with upgraded finishes, expansive 1,500 sq. ft floorpan (unique and very desirable for South Park), impressive views from private patios and master bedrooms, new stainless appliances, quartz counter tops, 2 full baths, and high end vinyl plank flooring. Washer & Dryer in all units. Very walkable area close to restaurants, bars, golf course, Balboa Park, Coronado, beaches, dog park, & shops. 5 Min to downtown & North Park.
Last Agent to Sell the Property
Joseph Galascione
Joseph M. Galascione, Broker License #01455641 Listed on: 12/29/2022
Property Details
Home Type
- Multi-Family
Year Built
- 2022
Lot Details
- 5,257 Sq Ft Lot
- Property is Fully Fenced
- Level Lot
Parking
- Alley Access
Property Views
- Ocean
- Bay
- City Lights
- Mountain
Home Design
- Composition Roof
- Stucco Exterior
Eco-Friendly Details
- Sprinklers on Timer
Utilities
- Zoned Heating and Cooling
- Separate Water Meter
- Water Heater
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, hot water, sewer, trash, water
- Assessor Parcel Number 539-541-18-00
Community Details
Overview
- Association fees include cable/tv services, electricity, hot water, sewer, water
- 2 Buildings
- 3 Units
- C Street Apartments Community
Pet Policy
- Pets Allowed
Building Details
- Net Operating Income $116,900
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/24/2023 02/24/23 | Sold | $2,190,000 | -4.8% | $541 / Sq Ft |
| 01/24/2023 01/24/23 | Pending | -- | -- | -- |
| 01/06/2023 01/06/23 | Price Changed | $2,300,000 | -19.3% | $568 / Sq Ft |
| 12/29/2022 12/29/22 | For Sale | $2,850,000 | +322.2% | $704 / Sq Ft |
| 01/17/2020 01/17/20 | Sold | $675,000 | 0.0% | $645 / Sq Ft |
| 12/24/2019 12/24/19 | Pending | -- | -- | -- |
| 07/17/2019 07/17/19 | Off Market | $675,000 | -- | -- |
| 05/16/2019 05/16/19 | For Sale | $700,000 | -- | $669 / Sq Ft |
Source: San Diego MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
Patti McKelvey
Buyer's Agent in 2023
Patti McKelvey
Coldwell Banker West
(619) 271-8300
1 in this area
497 Total Sales
-
Patrick Rourke
P
Seller's Agent in 2020
Patrick Rourke
Rourke Realty
(619) 287-1900
11 Total Sales
Map
Source: San Diego MLS
MLS Number: 220030172
APN: 539-541-18-00
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