NOT LISTED FOR SALE

3104 Third Ave San Diego, CA 92103

Bankers Hill Neighborhood
6 Beds
4 Baths
3,300 Sq Ft
1950 Built

Last Sold October 20, 2021

Last sale price $2,250,000 $682 Per Sq Ft

40 Days on Market

About This Home

As of October 2021

Presenting 3104 Third Avenue in Bankers Hill / Hillcrest, San Diego. The property consists of (1) three bedroom / two bathroom unit plus den, (1) three bedroom / one bathroom unit, and (1) studio cottage. The two largest units have been extensively renovated and feature expansive private decks. The studio cottage is newly constructed and fully permitted. All units include in-unit washers / dryers and central heating / air. Furthermore, all units have new plank flooring and (2) units have new wall heaters. Within the last three years, the plumbing, electrical, and sewer has been redone on all units, as well as the installation of new dual pane windows. There are also (2) off-street parking spaces on the property. Zoned RM-3-7, the property has the potential to build four additional units. Contact agents for more details.

Last Agent to Sell the Property

Raymond Choi

Marcus & Millichap License #01297138 Listed on: 07/01/2021

Last Buyer's Agent

Raymond Choi

Marcus & Millichap License #01297138 Listed on: 07/01/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Interior Spaces

  • 2-Story Property

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 452-626-07-00

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Net Operating Income $57,896

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Third Avenue & Redwood Street
  • Neighborhood: Bankers Hill
  • LP / Sq Ft: 36.13
  • Stories: 2 Story
  • Sale Price List Price: 0.93
  • Total Stories: 2
  • Year Built: 1950
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Condo/Co-op/Association

  • Community: HILLCREST

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Assessor Parcel Number: 452-626-07-00

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 57896
  • Annual Expense Actual: 39298
  • Annual Expense Projected: 39670
  • Gross Rent Multiplier Actual: 24.1
  • Gross Rent Multiplier Projected: 21.99
  • Gross Sched Income Actual: 100200
  • Gross Sched Income Projected: 109800
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 3
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Dryers: 3
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3

Range of Values:

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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
10/20/2021 10/20/21 Sold $2,250,000 -6.8% $682 / Sq Ft
08/11/2021 08/11/21 Pending -- -- --
07/01/2021 07/01/21 For Sale $2,415,000 -- $732 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Raymond Choi

    Seller's Agent in 2021

    Raymond Choi

    Marcus & Millichap

    (858) 373-3100

    2 in this area

    23 Total Sales

    Raymond Choi
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Map

Source: San Diego MLS

MLS Number: 210018381

San Diego MLS
California San Diego County San Diego 92103 Bankers Hill

3104 Third Ave, San Diego, CA

This home is located at 3104 Third Ave, San Diego, CA 92103 since 01 July 2021. This property was built in 1950. 3104 Third Ave is a home located in San Diego County with nearby schools including Florence Elementary School, Roosevelt International Middle School, and Museum School.

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