NOT LISTED FOR SALE
6 Beds
4 Baths
2,200 Sq Ft
6,564 Sq Ft Lot

Last Sold April 02, 2021

Last sale price $795,500 $362 Per Sq Ft

4 Days on Market

About This Home

As of April 2021

This property has two, 3-bedroom homes on it, each with their own enclosed & private yard for pets/kids. 6 bed, 4 bathroom total on property. The rear home has a brand new remodel, new cabinets throughout, new floors, and new fixtures throughout. Lots of light coming through new double paned windows. Kitchen has upgraded appliances and a well thought out design. Master bedroom has it's own full bathroom and the 2nd & 3rd bedrooms share a bathroom. 2 driveways and dedicated RV/trailer parking on remodeled home. Front home is also a 3-bedroom / 2-bath. Home has in house laundry and long term tenants that are current on rents. Front house yard has good shade coverage and a back covered patio. Do your own calculations, but live in the remodeled home, keep the current tenant in front house and you have a very affordable mortgage. As well, all of your side of the mortgage can go to principal/equity, basically all of your "rent" is going to yourself in paydown of principal. Seller is a REALTOR & the listing agent.

Last Listed By

Jonah Mesritz

Rise Realty License #01915368 Listed on: 02/22/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 6,564 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Rolled or Hot Mop Roof
  • Stucco Exterior

Additional Features

  • 1-Story Property
  • Gravity Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 476-222-16-00

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • N/K Community

Building Details

  • Net Operating Income $36,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Thorn
  • Neighborhood: city heights
  • Stories: 1 Story
  • Sale Price List Price: 1.01
  • Total Stories: 1
  • Year Built: 1930
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U2: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Rolled/Hot Mop

Utilities

  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: n/k
  • Community: CITY HEIGHTS

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Zoning: R-2:MINOR
  • Assessor Parcel Number: 476-222-16-00
  • Estimated Lot Sq Ft: 6564
  • Estimated Number of Acres: 0.15
  • Map Code Column: J
  • Map Code Page: 1269
  • Map Code Row: 6

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 36000
  • Annual Expense Actual: 2400
  • Gross Rent Multiplier Actual: 23.9
  • Gross Sched Income Actual: 38400
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Dryers: 1
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 1

Range of Values:

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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
04/02/2021 04/02/21 Sold $795,500 +1.3% $362 / Sq Ft
02/27/2021 02/27/21 Pending -- -- --
02/22/2021 02/22/21 For Sale $785,000 -- $357 / 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: 210004560

San Diego MLS

APN: 476-222-16-00