NOT LISTED FOR SALE
6 Beds
4 Baths
1,927 Sq Ft
4,901 Acres

Last Sold January 06, 2021

Last sale price $795,000 $413 Per Sq Ft

5 Days on Market

Highlights

  • 4,901 Acre Lot
  • Corner Lot
  • 1-Story Property
  • Valley View
  • Property is Fully Fenced

About This Home

As of January 2021

Clean, easy 2-on-1 investment property. High cash flow AND equity gain opportunity. See multi-unit information and market gains. Two detached 3/2 homes are only three years old, built to be very low maintenance. Tenants pay water, electric, gas, cable. Owner just pays drip irrigation and landscaping. Renewed leases just signed by both tenants. Photos are three years old, though little has changed. Drive by, but DO NOT bother tenants.

Last Agent to Sell the Property

Scott McGowan

eXp Realty of California, Inc. License #02085384 Listed on: 11/14/2020

Last Buyer's Agent

David Zarraonandia

Redfin Corporation License #01996655

Redfin Corporation

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2017

Lot Details

  • 4,901 Acre Lot
  • Property is Fully Fenced
  • Corner Lot

Parking

  • Alley Access

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property
  • Valley Views

Eco-Friendly Details

  • Sprinklers on Timer

Utilities

  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for water, cable TV, electricity, gas/propane, hot water
  • Assessor Parcel Number 545-531-17-00

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Net Operating Income $4,750

Property Details

Home Type

Multi-Family

Year Built

Built in 2017

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: Bancroft
  • Neighborhood: Logan Heights
  • Stories: 1 Story
  • Sale Price List Price: 1.03
  • Total Stories: 1
  • Year Built: 2017
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full
  • Roof: Composition
  • View: Valley/Canyon

Utilities

  • Cooling: Central Forced Air
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Community: LOGAN HEIGHTS
  • Manager Name: Owner manager

Lot Info

  • Irrigation: Automatic, Drip
  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Corner Lot, Sidewalks
  • Assessor Parcel Number: 545-531-17-00
  • Estimated Number of Acres: 4901.0

Rental Info

  • Tenant Pays: Water, Cable TV, Electricity, Gas/Propane, Hot Water

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 4750
  • Annual Expense Actual: 3000
  • Gross Rent Multiplier Actual: 12.92
  • Gross Sched Income Actual: 5000
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2

Range of Values:

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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
01/06/2021 01/06/21 Sold $795,000 +2.6% $413 / Sq Ft
11/20/2020 11/20/20 Pending -- -- --
11/14/2020 11/14/20 For Sale $775,000 +20.3% $402 / Sq Ft
09/11/2018 09/11/18 Sold $644,000 -8.0% $334 / Sq Ft
07/24/2018 07/24/18 Pending -- -- --
07/06/2018 07/06/18 For Sale $699,999 -- $363 / 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: 200051635

San Diego MLS