NOT LISTED FOR SALE

3235 Grape St San Diego, CA 92102

South Park Neighborhood
6 Beds
4 Baths
2,978 Sq Ft
5,121 Sq Ft Lot

Last Sold December 07, 2017

Last sale price $1,250,000 $420 Per Sq Ft

7 Days on Market

About This Home

As of December 2017

3235 Grape Street is located in the heart of South Park, San Diego. The property consists of a detached 2Br/1Ba house, (2) 2Br/1Ba units, and (1) studio. The front house features original hardwood floors, a private yard, new roof, single car garage, and tile in the kitchens and bathrooms. The back units have a private driveway, patio area and canyon views. A savvy owner-user could occupy the front house and rent the other 3 units. Tenants have been in place long term and are on mtm leases. This unique property has tremendous upside in rents and lies in a pocket of San Diego that is destined for continued rent growth. The front house features original hardwood floors, a private yard, new roof, single car garage, and tile in the kitchens and bathrooms. The back units have a private driveway, patio area and canyon views. From this property, one can walk to many of the shopping, eating, and entertainment options that South Park has to offer. In addition, Balboa Park and all of its wonderful amenities are within walking distance. Don’t miss your opportunity to own this rare and hard to find property for the next 30 years!

Last Listed By

Alexio Barbara

South Coast Commercial, Inc. License #01992393 Listed on: 11/07/2017

South Coast Commercial, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 5,121 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Tar and Gravel Roof
  • Stucco Exterior

Additional Features

  • 2-Story Property
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 539-252-01-00

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Complex Community

Building Details

  • Net Operating Income $19,470

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: Grape and Bancroft
  • Neighborhood: South Park
  • Supplement: This unique property has tremendous upside in rents and lies in a pocket of San Diego that is destined for continued rent growth. The front house features original hardwood floors, a private yard, new roof, single car garage, and tile in the kitchens and bathrooms. The back units have a private driveway, patio area and canyon views. From this property, one can walk to many of the shopping, eating, and entertainment options that South Park has to offer. In addition, Balboa Park and all of its wonderful amenities are within walking distance. Don’t miss your opportunity to own this rare and hard to find property for the next 30 years!
  • LP / Sq Ft: 21.82
  • Stories: 2 Story
  • Sale Price List Price: 1.0
  • Total Stories: 2
  • Year Built: 1959
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Rock/Gravel

Condo/Co-op/Association

  • Complex Name: Complex
  • Community: NORTH PARK

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 539-252-01-00
  • Land Use Code: rs17
  • Estimated Lot Sq Ft: 5121

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 19470
  • Annual Expense Actual: 27091
  • Annual Expense Projected: 27091
  • Gross Rent Multiplier Actual: 26.0
  • Gross Rent Multiplier Projected: 14.4
  • Gross Sched Income Actual: 48000
  • Gross Sched Income Projected: 87000
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Dryers: 1
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 1
  • Number Of Units With Washers: 1

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
12/07/2017 12/07/17 Sold $1,250,000 0.0% $420 / Sq Ft
11/15/2017 11/15/17 Pending -- -- --
11/07/2017 11/07/17 For Sale $1,250,000 -- $420 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Alexio Barbara

    Seller's Agent in 2017

    Alexio Barbara

    South Coast Commercial, Inc.

    (760) 419-1343

    51 Total Sales

    Alexio Barbara
    Section Image
  • Scott Holder

    Buyer's Agent in 2017

    Scott Holder

    Orion Management & Realty Inc.

    (619) 992-2990

    24 Total Sales

    Scott Holder
    Section Image
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Map

Source: San Diego MLS

MLS Number: 170057475

San Diego MLS

APN: 539-252-01-00

California San Diego County San Diego 92102 South Park

3235 Grape St, San Diego, CA

Homes for Sale in San Diego, CA

This home is located at 3235 Grape St, San Diego, CA 92102 since 07 November 2017. This property was built in 1959. 3235 Grape St is a home located in San Diego County with nearby schools including Golden Hill Elementary School, Roosevelt International Middle School, and Mcgill School Of Success.

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