NOT LISTED FOR SALE
6 Beds
3 Baths
2,350 Sq Ft
1956 Built

Last Sold July 21, 2020

Last sale price $995,000 $423 Per Sq Ft

13 Days on Market

Highlights

  • Attic Fan
  • Partially Fenced Property
  • 1-Story Property

About This Home

As of July 2020

3150-68 Cedar St is a well located property in the exceptional submarket of South Park in San Diego, CA. This property consists of three units - one 2 bed/1bath house and a 2 bed/1 bath duplex in the back. Cedar St is also in a low density area so off street parking has never been a problem for the tenants. AC/Heating and Washer/dryer are in all of the units. Our lender is also quoting 3.5% for a 30 yr fixed loan! Bring all offers, this property will not last long!

Last Agent to Sell the Property

Jason Lee

Nara Advisors, Inc. License #02068011 Listed on: 05/01/2020

Last Buyer's Agent

Kevin Hemstreet

South Coast Commercial, Inc. License #01490629

South Coast Commercial, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • Partially Fenced Property

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Attic Fan

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 539-373-04-00

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Grape St Dog Park Community

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $40,690

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: Edgemont St
  • Neighborhood: South Park
  • Stories: 1 Story
  • Sale Price List Price: 0.91
  • Total Stories: 1
  • Year Built: 1956
  • 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: Wood/Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Cooling: Attic Fan

Condo/Co-op/Association

  • Complex Name: Grape St Dog Park
  • Pets Allowed: Yes
  • Community: NORTH PARK

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 539-373-04-00

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 40690
  • Annual Expense Actual: 23330
  • Gross Rent Multiplier Actual: 16.0
  • Gross Rent Multiplier Projected: 13.0
  • Gross Sched Income Actual: 66000
  • 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 Garage: 1
  • Number Of Units With Patios: 3
  • 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
07/21/2020 07/21/20 Sold $995,000 -9.5% $423 / Sq Ft
05/15/2020 05/15/20 Pending -- -- --
05/08/2020 05/08/20 Price Changed $1,099,000 -4.4% $468 / Sq Ft
05/01/2020 05/01/20 For Sale $1,150,000 -- $489 / 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: 200019428

San Diego MLS