$1,415,000
SOLD JUL 31, 2025
5 Beds
4 Baths
-- Sq Ft
5,184 Sq Ft Lot

Recently Sold

1% Below List Price

About This Home

As of July 2025

322 S Pardee St offers a rare opportunity to acquire a brand-new construction asset at a 5.9% day-one cap rate, delivering immediate cash flow and strong long-term upside for investors. The property consists of four (4) newly built 1-bedroom/1-bathroom units (Exempt from AB 1482) and a fully renovated detached 2-bedroom/1-bathroom front house. Each 1-bedroom unit features a 490 SF open layout and includes premium amenities such as central HVAC, in-unit washer and dryer, luxury vinyl plank flooring, stainless steel appliances, and high-end modern finishes. The detached 2-bedroom residence offers a spacious 760 SF layout, a private yard, and tandem parking. Centrally located in South Central San Diego, the property benefits from close proximity to major transportation routes including the I-15, I-5, and SR-94 freeways. Residents enjoy quick access to local restaurants, breweries, Costco, and neighborhood conveniences. Downtown San Diego, Petco Park, and other major attractions are just 10 minutes away, making this an ideal location for strong and stable tenant demand.

Last Agent to Sell the Property

Dylan Ackley

Keller Williams Realty License #02139234 Listed on: 07/31/2025

Keller Williams Realty

Last Buyer's Agent

Minerva Garcia

Coldwell Banker West License #01301915

Coldwell Banker West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,046

Year Built

  • Built in 2024

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 2-Story Property
  • Gated Home
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 546-171-13-00

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • Net Operating Income $82,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,046

Year Built

Built in 2024

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: Franklin Ave
  • Neighborhood: mountain view
  • Stories: 2 Story
  • Sale Price List Price: 0.99
  • Total Stories: 2
  • Year Built: 2024
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Gate
  • Roof: Composition

Utilities

  • Cooling: Wall/Window

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 546-171-13-00

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 5
  • Actual Net Operating Income: 82000
  • Annual Expense Actual: 39000
  • Gross Rent Multiplier Actual: 11.7
  • Gross Sched Income Actual: 120900
  • Number Of Buildings: 2
  • Number Of Furnished Units: 5
  • Number Of Units With Cooling: 5
  • Number Of Units With Dishwashers: 5
  • Number Of Units With Dryers: 5
  • Number Of Units With Fireplaces: 5
  • Number Of Units With Garage: 5
  • Number Of Units With Patios: 5
  • Number Of Units With Range Oven: 5
  • Number Of Units With Refrigerator: 5
  • Number Of Units With Washers: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2025
Closed on
Jul 22, 2025
Sold by
Waypoint 51 Llc
Bought by
Jdm Trust and Mcquirter
Seller's Agent
Dylan Ackley
Keller Williams Realty
Buyer's Agent
Minerva Garcia
Coldwell Banker West
List Price
$1,425,000
Sold Price
$1,415,000
Premium/Discount to List
-$10,000
-0.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-88.60%

Purchase Details

Closed on
Oct 25, 2023
Sold by
Waypoint Development Llc
Bought by
Waypoint 51 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,053,000
Interest Rate
7.49%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 18, 2022
Sold by
Brown Family Share Of The Johnnie And Ze
Bought by
Waypoint Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,700
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 17, 2015
Sold by
Brown Johnnie M
Bought by
The Johnnie & Zelma Brown Family Trust and Fain Sylvester Leon
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,415,000 First American Title Company
Grant Deed -- Lawyers Title Company
Grant Deed $400,000 --
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,053,000 Construction
Previous Owner $0 New Conventional
Previous Owner $3,000,000 Credit Line Revolving
Previous Owner $75,000 New Conventional
Previous Owner $435,700 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2025 07/31/25 Sold $1,415,000 -0.7% --
07/31/2025 07/31/25 For Sale $1,425,000 +256.3% --
07/17/2025 07/17/25 Pending -- -- --
09/07/2022 09/07/22 Sold $400,000 0.0% $646 / Sq Ft
03/29/2022 03/29/22 Pending -- -- --
03/29/2022 03/29/22 For Sale $400,000 -- $646 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Tax History

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
2025 $5,046 $416,159 $253,449 $162,710
2024 $5,046 $408,000 $248,480 $159,520
2023 $4,775 $14,965 $9,114 $5,851
2022 $215 $14,965 $9,114 $5,851
2021 $214 $14,673 $8,936 $5,737
2020 $211 $14,524 $8,845 $5,679
2019 $208 $14,240 $8,672 $5,568
2018 $196 $13,961 $8,502 $5,459
2017 $80 $13,688 $8,336 $5,352
2016 $187 $13,421 $8,173 $5,248
2015 $185 $13,221 $8,051 $5,170
2014 -- $12,963 $7,894 $5,069
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 250034983

San Diego MLS

APN: 546-171-13