NOT LISTED FOR SALE
4 Beds
4 Baths
-- Sq Ft
6,534 Sq Ft Lot

Last Sold January 06, 2025

Last sale price $3,800,000

2 Days on Market

Highlights

  • Ocean View
  • Fireplace
  • Community Barbecue Grill
  • La Jolla Elementary School Rated A
  • Security System Owned
  • 2-minute walk to Windansea Park

About This Home

As of January 2025

Rare opportunity to own two separate Beach Barber Tract duplexes with four units at the bottom of Iconic Nautilus St and Neptune steps to the sand at Wind N Sea Beach. Pride of ownership, privacy, and charm embody these four turn-key units with full designer kitchens, bathrooms, charming brick fireplaces in front units, detached two-car closed garages, and laundry room with peek ocean views from front unit decks. Charming brick courtyards bookend the front and back of the property, where each unit has its red brick patio/deck—walkability score 10, to beaches, restaurants, and a gourmet grocery store—excellent and proven long-term investment value. The property is currently operated as a VRBO; financials can be provided. Buyers can maintain existing income properties or actualize this property’s potential to be developed into two luxury homes with Ocean views, each with its own ADU.

Last Agent to Sell the Property

Thomas Andrews

Compass License #02182823 Listed on: 09/27/2024

Compass

Co-Listed By

Robert Andrews

Compass License #01186977

Compass

Last Buyer's Agent

Robert Andrews

Compass License #01186977

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • Gated Home
  • Property is Fully Fenced
  • Level Lot

Parking

  • Alley Access

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property
  • Fireplace
  • Ocean Views
  • Security System Owned

Eco-Friendly Details

  • Sprinklers on Timer

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV, gas/propane
  • Assessor Parcel Number 351-262-13-00

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Beach Barber Tract Community

Amenities

  • Community Barbecue Grill
  • Laundry Facilities

Recreation

  • Trails

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $112,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Nautilus and Neptune
  • Neighborhood: Windansea
  • Stories: 1 Story
  • Sale Price List Price: 0.92
  • Total Stories: 1
  • Year Built: 1951
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Brick, Stucco, Wood/Stucco
  • Fencing: Full, Gate
  • Roof: Composition
  • View: Ocean

Utilities

  • Security: Eqpt Owned
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Telecommunications: Cable (coaxial)
  • Heat Equipment: Fireplace

Condo/Co-op/Association

  • Complex Name: Beach Barber Tract
  • Pets Allowed: Yes
  • Community: LA JOLLA
  • Complex Features: BBQ, Biking/Hiking Trails, Laundry Facilities

Lot Info

  • Irrigation: Automatic, Drip
  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Sidewalks
  • Topography: Level
  • Assessor Parcel Number: 351-262-13-00

Rental Info

  • Tenant Pays: Cable TV, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 112400
  • Annual Expense Actual: 48200
  • Gross Rent Multiplier Actual: 18.37
  • Gross Sched Income Actual: 160592
  • Number Of Buildings: 2
  • Number Of Furnished Units: 4
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Fireplaces: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 4

Range of Values:

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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
01/06/2025 01/06/25 Sold $3,800,000 -8.4% --
09/30/2024 09/30/24 Pending -- -- --
09/27/2024 09/27/24 For Sale $4,150,000 -- --
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: 240023037

San Diego MLS

APN: 351-262-13-00