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

Sale Details

Date 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
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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

5,122 Sq Ft Lot

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
  • Gross Rent Multiplier Actual: 20.0
  • Gross Rent Multiplier Projected: 17.0
  • 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2023
Closed on
Sep 6, 2023
Sold by
Bought by
Seller's Agent
Chris Sarver
Acre Investment Real Estate
Buyer's Agent
Assaf Avissar
Coldwell Banker West
List Price
$2,025,000
Sold Price
$2,050,000
Premium/Discount to List
$25,000
1.23%
Views
42

Purchase Details

Closed on
May 28, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
4.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 7, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$481,000
Interest Rate
6.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 8, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
7.5%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,050,000 Lawyers Title
-- None Available
$678,000 California Title Company
$370,000 Fidelity National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed --
Previous Owner $442,000
Previous Owner $455,000
Previous Owner $481,000
Previous Owner $377,000
Previous Owner $53,900
Previous Owner $324,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $26,735 $2,132,820 $1,664,640 $468,180
2025 $26,735 $2,091,000 $1,632,000 $459,000
2024 $25,222 $2,050,000 $1,600,000 $450,000
2023 $10,512 $854,481 $569,657 $284,824
2022 $10,232 $837,728 $558,488 $279,240
2021 $10,162 $821,303 $547,538 $273,765
2020 $10,039 $812,882 $541,924 $270,958
2019 $9,861 $796,945 $531,299 $265,646
2018 $9,219 $781,320 $520,882 $260,438
2017 $8,999 $766,001 $510,669 $255,332
2016 $8,854 $750,982 $500,656 $250,326
2015 $8,724 $739,702 $493,136 $246,566
2014 $8,587 $725,214 $483,477 $241,737
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

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