NOT LISTED FOR SALE

3347-49 43rd St San Diego, CA 92105

Castle Neighborhood

Estimated Value: $821,000 - $1,036,523

4 Beds
2 Baths
1,728 Sq Ft
$525/Sq Ft Est. Value

Sale Details

Date Sold: November 22, 2024

Last sale price $930,000 $538 Per Sq Ft

Current estimated payment $5,950 / mo

18 Days on Market

About This Home

As of November 2024

Attention real estate investors! This turnkey duplex in rapidly redeveloping City Heights presents a prime opportunity for value-add and long-term growth. Both units are rented on month-to-month leases, with current rents significantly below market, offering immediate upside potential. The property features a single building with upper and lower 2 BD/1 BA units, each 864 SF, that have been fully renovated. Highlights include modern kitchens with quartz countertops, stainless steel appliances, white shaker cabinetry, washer/dryer hookups, and luxury vinyl plank flooring in the kitchen, dining, and expansive living areas. Recent updates also include interior paint, dual-pane windows, and remodeled baths with updated vanities and fixtures. (See supplement for more!) Infrastructure improvements, such as a new concrete parking slab, newer gas lines, a replaced water line in the upper unit, and roof maintenance, ensure low future maintenance costs. The lower unit enjoys a private rear yard with pavers, while both units share a fully fenced, spacious front yard—ideal for pets or children. Alley access, 2 off-street assigned parking spaces, and a massive front yard offer potential for expansion, possibly for an ADU (verify via CUPD-CU-3-6). Whether you are looking to capitalize on the upside potential by increasing rents, develop further, or live in one unit and rent out the other, this duplex offers a flexible and lucrative investment opportunity in a growing market!

Last Agent to Sell the Property

Darin Triolo

Keller Williams Realty License #01376927 Listed on: 10/04/2024

Keller Williams Realty

Last Buyer's Agent

Delia Montes

Santa Clara County Association Of Realtors License #01434232

Santa Clara County Association Of Realtors

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 4,342 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot

Parking

  • Alley Access

Home Design

  • Rolled or Hot Mop Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Schools

  • San Diego Unified School District Elementary And Middle School
  • San Diego Unified School District High School

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane, water
  • Assessor Parcel Number 476-100-06-00

Community Details

Overview

  • 2 Units
  • City Heights Duplex Community

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • Net Operating Income $28,917

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

4,342 Sq Ft Lot

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Myrtle Ave
  • Neighborhood: City Heights
  • Supplement: Infrastructure improvements, such as a new concrete parking slab, newer gas lines, a replaced water line in the upper unit, and roof maintenance, ensure low future maintenance costs. The lower unit enjoys a private rear yard with pavers, while both units share a fully fenced, spacious front yard—ideal for pets or children. Alley access, 2 off-street assigned parking spaces, and a massive front yard offer potential for expansion, possibly for an ADU (verify via CUPD-CU-3-6). Whether you are looking to capitalize on the upside potential by increasing rents, develop further, or live in one unit and rent out the other, this duplex offers a flexible and lucrative investment opportunity in a growing market!
  • LP / Sq Ft: 22.25
  • Stories: 2 Story
  • Sale Price List Price: 1.03
  • Total Stories: 2
  • Year Built: 1958
  • 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: Full
  • Roof: Rolled/Hot Mop

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial)
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: City Heights Duplex
  • Pets Allowed: Allowed w/Restrictions
  • Community: CITY HEIGHTS
  • Manager Name: Self-managed

Schools

  • School District URL: https://www.sandiegounified.org/
  • Elementary School: San Diego Unified School District
  • Elementary School Website: https://www.sandiegounified.org/
  • High School: San Diego Unified School District
  • Middle School Url: https://www.sandiegounified.org/
  • Middle School: San Diego Unified School District

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Public Street, Sidewalks, Street Paved
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: R4-Multipl
  • Assessor Parcel Number: 476-100-06-00
  • Estimated Lot Dimensions: 36X122
  • Estimated Lot Sq Ft: 4342
  • Estimated Number of Acres: 0.1
  • Map Code Column: H
  • Map Code Page: 1269
  • Map Code Row: 6

Rental Info

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

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 28917
  • Gross Rent Multiplier Actual: 21.0
  • Gross Rent Multiplier Projected: 15.0
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2

Range of Values:

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Value Increase
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Percent Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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
11/22/2024 11/22/24 Sold $930,000 +3.4% $538 / Sq Ft
10/23/2024 10/23/24 Pending -- -- --
10/04/2024 10/04/24 For Sale $899,000 -- $520 / Sq Ft
Source: San Diego MLS

Agents Affiliated with this Home

  • Darin Triolo

    Seller's Agent in 2024

    Darin Triolo

    Keller Williams Realty

    (619) 207-4005

    1 in this area

    172 Total Sales

    Darin Triolo
    Section Image

  • D

    Buyer's Agent in 2024

    Delia Montes

    MLSListings

    Section Image

  • J

    Buyer's Agent in 2024

    Jessica Dixon

    Real Broker

  • J

    Buyer's Agent in 2024

    Jessie Dixon

    Real Brokerage Technologies

    Section Image
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Map

Source: San Diego MLS

MLS Number: 240023686

San Diego MLS

APN: 476-100-06

California San Diego County San Diego 92105 Castle

3347-49 43rd St, San Diego, CA

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