NOT LISTED FOR SALE
4 Beds
4 Baths
2,793 Sq Ft
5,122 Sq Ft Lot

Last Sold September 25, 2023

Last sale price $2,050,000 $734 Per Sq Ft

6 Days on Market

About This Home

As of September 2023

SELLER FINANCING AVAILABLE UP TO 75% LTV - CONTACT LISTING AGENT FOR DETAILS. We are proud to present the 3rd Avenue Apartments, a four-unit apartment community located in the coveted neighborhood of Bankers Hill. Situated on a quiet residential street, the property lies on a 5,122 square foot lot comprised of 2,793 rentable square feet. The property consists of two 1bed/ 1 bath units, a large studio and a large two bedroom/ 1 bath unit on the entire first floor. Amenities include on-site laundry, off-street tandem parking and a quiet gated backyard common area. Tenants enjoy close proximity to the famous Quince Street Bridge, hiking on the Maple Canyon Trail, and being steps away from world class restaurants and entertainment.

Last Agent to Sell the Property

Chris Sarver

Acre Investment Real Estate License #01886309 Listed on: 08/16/2023

Last Buyer's Agent

Assaf Avissar

Coldwell Banker West License #01404616

Coldwell Banker West

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 5,122

Additional Features

  • 2-Story Property
  • 5,122 Sq Ft Lot

Community Details

  • 4 Units
  • Net Operating Income $61,157

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 452-626-10-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Spruce
  • Neighborhood: Bankers Hill
  • LP / Sq Ft: 26.65
  • Stories: 2 Story
  • Sale Price List Price: 1.01
  • Total Stories: 2
  • Year Built: 1923
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Condo/Co-op/Association

  • Community: SAN DIEGO

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 452-626-10-00
  • Estimated Lot Sq Ft: 5122

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 61157
  • Annual Expense Actual: 36790
  • Annual Expense Projected: 36790
  • Gross Rent Multiplier Actual: 20.0
  • Gross Rent Multiplier Projected: 17.0
  • Gross Sched Income Actual: 99924
  • Gross Sched Income Projected: 115200
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Other Income Actual: 1020
  • Other Income Projected: 1020.0

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
09/25/2023 09/25/23 Sold $2,050,000 +1.2% $734 / Sq Ft
08/23/2023 08/23/23 Pending -- -- --
08/16/2023 08/16/23 For Sale $2,025,000 -- $725 / 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: 230015939

San Diego MLS

APN: 452-626-10-00