NOT LISTED FOR SALE
6 Beds
5 Baths
2,275 Sq Ft
6,970 Sq Ft Lot

Last Sold October 14, 2022

Last sale price $1,675,000 $736 Per Sq Ft

8 Days on Market

About This Home

As of October 2022

Premier Cottage Style property in an irreplaceable San Diego location near Fern and 30th St surrounded by boutique coffee roasters, breweries, classic restaurants, and walking distance to the famous Balboa Park! Ownership can deliver the entire rear building empty at closing consisting of the primary 2 bedroom unit, the downstairs 1 bed unit, and a huge yard! Allowing an ideal owner-occupy scenario or allowing an investor to immediately renovate those units and capture the current historical high market rents. 3071 Hawthorn can provide a significantly stronger than average market return at an incredible 4.26% cap rate on as-is unit conditions or 4.81% if the empty rear building is renovated, and 5.95% proforma cap rate after all units are renovated. All units possess mid to large size large private yards with no more than one shared wall and under market rents. Attractive financing quote in hand for a 30% downpayment at a 4.825% interest only rate for 5 years fixed! Or 25% downpayment at a 4.75% rate 5 year fixed with a 30 year amortizing schedule.

Last Listed By

Allen Chitayat

CBRE License #00894356 Listed on: 08/02/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • 1937

Lot Details

  • 6,970

Home Design

  • Wood Siding
  • Stucco Exterior

Additional Features

  • 2-Story Property
  • Partially Fenced Property
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 539-162-10-00

Community Details

Overview

  • 3 Buildings
  • 5 Units

Building Details

  • Net Operating Income $81,508

Property Details

Home Type

Multi-Family

Year Built

1937

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Metro Uptown
  • LP / Sq Ft: 16.82
  • Stories: 2 Story
  • Sale Price List Price: 0.99
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1937

Exterior Features

  • Exterior Material: Stucco, Wood
  • Fencing: Partial

Utilities

  • Cooling: Wall/Window

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 539-162-10-00

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 5
  • Actual Net Operating Income: 81508
  • Annual Expense Actual: 32126
  • Annual Expense Projected: 32846
  • Gross Rent Multiplier Actual: 14.62
  • Gross Rent Multiplier Projected: 12.43
  • Gross Sched Income Actual: 11475
  • Gross Sched Income Projected: 134160
  • Number Of Buildings: 3
  • Number Of Units With Cooling: 4
  • Number Of Units With Patios: 5
  • Number Of Units With Range Oven: 5
  • Number Of Units With Refrigerator: 5
  • Other Income Actual: 1200
  • Other Income Projected: 2200.0

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

Property History

Date Event Price Change Sq Ft Price
10/14/2022 10/14/22 Sold $1,675,000 -1.2% $736 / Sq Ft
08/11/2022 08/11/22 Pending -- -- --
08/02/2022 08/02/22 For Sale $1,695,000 -- $745 / 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: 220020043

San Diego MLS

APN: 539-162-10-00