NOT LISTED FOR SALE

Estimated Value: $941,134

4 Beds
2 Baths
1,728 Sq Ft
$545/Sq Ft Est. Value

Sale Details

Date Sold: November 22, 2024

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

Est. 1% increase in value since last sale

Current estimated payment $6,329 / 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

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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

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
Oct 4, 2024
Closed on
Oct 29, 2024
Sold by
Michael T Oleary Separate Property Trust and Oleary Michael T
Bought by
Seller's Agent
Darin Triolo
Keller Williams Realty
Buyer's Agent
Delia Montes
Santa Clara County Association Of Realtors
List Price
$899,000
Sold Price
$930,000
Premium/Discount to List
$31,000
3.45%
Views
34
Current Estimated Value
$941,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,134
Avg. Annual Appreciation
0.66%
Original Mortgage
$913,155
Outstanding Balance
$893,516
Interest Rate
6.12%
Mortgage Type
FHA
Estimated Equity
$47,618

Purchase Details

Closed on
Jun 29, 2020
Sold by
Oleary Michael T
Bought by
Oleary Michael T and Michael T Oleary Seperate Property Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,400
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2020
Sold by
Oleary Michael T
Bought by
Oleary Michael T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,400
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 2019
Sold by
Leary Michael T O
Bought by
Leary Michael T O and Michael T O Leary Separate Proerty Trust

Purchase Details

Closed on
Mar 24, 2015
Sold by
Leary Mildred O
Bought by
Leary Michael O

Purchase Details

Closed on
Mar 26, 2012
Sold by
Ajx Investments
Bought by
Oleary Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,521
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 31, 2012
Sold by
Gmac Mortgage Llc
Bought by
Ajx Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,521
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 13, 2011
Sold by
Dela Torre Wilson R and De La Torre Sonia E
Bought by
Gmac Mortgage Llc

Purchase Details

Closed on
Sep 6, 1990
Bought by
Delatorre Wilson R Sonia E

Purchase Details

Closed on
Oct 1, 1987
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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

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 $12,196 $948,599 $514,496 $434,103
2025 $12,196 $930,000 $504,408 $425,592
2024 $4,411 $363,262 $197,024 $166,238
2023 $4,311 $356,140 $193,161 $162,979
2022 $4,195 $349,158 $189,374 $159,784
2021 $4,165 $342,312 $185,661 $156,651
2020 $4,200 $338,803 $183,758 $155,045
2019 $4,126 $332,160 $180,155 $152,005
2018 $3,858 $325,648 $176,623 $149,025
2017 $82 $319,263 $173,160 $146,103
2016 $3,705 $313,004 $169,765 $143,239
2015 $3,651 $308,303 $167,215 $141,088
2014 $3,594 $302,265 $163,940 $138,325
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240023686

San Diego MLS

APN: 476-100-06

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