$2,399,000
$96K PRICE DROP

Estimated payment $15,649/month

Total Views 19,973
4 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

We are proud to present for sale, an extremely rare opportunity to own a property in one of the most coveted locations in all of San Diego. Sitting just blocks from the bay, 335-39 San Elijo St is comprised of 3 Units. These units consist of a 3 bedroom, 2 bath, a 1 bedroom, 1 bath and a studio. The studio has stunning views of the bay. Additionally, the property is zoned RM-3-9 so there is value add potential.

Listing Agent

Kevin Hemstreet

South Coast Commercial, Inc. License #01490629 Listed on: 12/12/2024

South Coast Commercial, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 5,000 Sq Ft Lot

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Bay Views

Community Details

  • 3 Units
  • Net Operating Income $54,106

Listing and Financial Details

  • Assessor Parcel Number 532-496-05-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: San Elijo St, Kellogg St
  • Neighborhood: La Playa
  • LP / Sq Ft: 26.95
  • Stories: 2 Story
  • Total Stories: 2
  • Year Built: 1950
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Vinyl
  • Roof: Composition
  • View: Bay

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Zoning: R-4
  • Assessor Parcel Number: 532-496-05-00
  • Estimated Lot Sq Ft: 5000

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 54106
  • Annual Expense Actual: 37850
  • Annual Expense Projected: 37850
  • Gross Rent Multiplier Actual: 26.4
  • Gross Rent Multiplier Projected: 19.1
  • Gross Sched Income Actual: 94800
  • Gross Sched Income Projected: 130800
  • Number Of Buildings: 1
  • Number Of Furnished Units: 3
  • Number Of Units With Cooling: 3
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Dryers: 3
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
05/10/2025 05/10/25 For Sale $2,399,000 0.0% --
05/09/2025 05/09/25 Off Market $2,399,000 -- --
03/04/2025 03/04/25 Price Changed $2,399,000 -3.8% --
02/11/2025 02/11/25 For Sale $2,495,000 0.0% --
01/28/2025 01/28/25 Pending -- -- --
01/25/2025 01/25/25 For Sale $2,495,000 0.0% --
01/10/2025 01/10/25 Pending -- -- --
12/12/2024 12/12/24 For Sale $2,495,000 -- --
Source: San Diego MLS

Similar Homes in San Diego, CA

  • 3700 Third Ave, San Diego, CA 92103

    $2,400,000

    • 5 Beds
    • 5 Baths
    • 2,555 Sq Ft
    • 3700 Third Ave
    • San Diego, CA

    Unlock exceptional earning potential with this extensively renovated multi-unit asset in the heart of Hillcrest, one of San Diego’s most walkable and high-demand rental market. This standout property features three beautifully updated units including a brand-new, fully permitted ADU with its own single-car garage and private parking. Each unit has been thoughtfully redesigned with high-end

    David Weis Compass

    Section Image
  • 3980 Crown Point Dr, San Diego, CA 92109

    $2,395,000

    • 4 Beds
    • 5 Baths
    • 2,630 Sq Ft
    • 3980 Crown Point Dr
    • San Diego, CA

    Classic Mid-Century triplex across from Mission Bay and a seashell throw from Crown Point Park and its sandy beaches! Pride of ownership investment property with wonderful updates including total re-stucco, resurfaced driveways/hardscape and upgraded electrical. Mix of units: a large 1,100 sf two bedroom two bath unit, two 625 sf one bedroom one bath units, a newly remodeled studio with bath of

    Jeff Davidson The Agency

    Section Image
  • 1561-65 Evergreen St, San Diego, CA 92106

    $1,900,000

    • 6 Beds
    • 4 Baths
    • 2,852 Sq Ft
    • 1561-65 Evergreen St
    • San Diego, CA

    Fantastic Point Loma income opportunity! 3br/2ba house PLUS separate building with 2 units! Remodel the main house to live in/rent and collect rents for the other units! All located on a corner lot with tons of parking and an amazing heart of Point Loma location! Don't miss this incredible opportunity to live/rent in one of San Diegos most desirable locations!

    Cynthia Spencley eXp Realty of Southern California, Inc.

    Section Image
  • 4569 Coronado Ave, San Diego, CA 92107

    $2,550,000

    • 5 Beds
    • 4 Baths
    • 2,588 Sq Ft
    • 4569 Coronado Ave
    • San Diego, CA

    Variance granted 2-4 Units. ADU LEASED FOR $3,300/MO - moved in on 7/1/25 with lease thru 12/31/25. Experience breathtaking ocean views and coastal luxury in this charming coastal chic property that seamlessly blends modern convenience with designer finishes that enhance both the primary residence and newly built ADU. Sweeping ocean views can be enjoyed from three of the home's five bedrooms, as

    Rob Perkins Westview Realty, Inc.

    Section Image
  • 4817 Coronado Ave, San Diego, CA 92107

    $2,325,000

    • 5 Beds
    • 4 Baths
    • 2,664 Sq Ft
    • 4817 Coronado Ave
    • San Diego, CA

    Perfect situation for an owner-occupied property with a possible vacation rental unit in south Ocean Beach. Unit located at front of property is a 3 BR 2 BA house built in 1944 that has been recently upgraded with vinyl windows, blinds, paint, and large kitchen that is totally renovated with new cabinets, recessed lighting, center island and granite countertops. Coved ceilings & fireplace in

    David Pitta Choice Properties

    Section Image
  • 4467 Long Branch Ave, San Diego, CA 92107

    $2,199,000

    • 4 Beds
    • 3 Baths
    • 2,132 Sq Ft
    • 4467 Long Branch Ave
    • San Diego, CA

    Variance granted 2-4 Units - Stunning Dual-Unit Coastal Property with Panoramic Ocean Views! Experience the best of beachside living and exceptional investment potential with this unique property featuring two fully detached homes in the heart of Ocean Beach. Just blocks from the sand, restaurants, parks, and shops, this rare offering blends coastal charm with modern luxury and income-generating

    Nathan Winnett eXp Realty of California Inc

    Section Image
  • 4985 Narragansett Ave Unit 87, San Diego, CA 92107

    $2,850,000

    • 4 Beds
    • 4 Baths
    • 1,900 Sq Ft
    • 4985 Narragansett Ave
    • Unit 87
    • San Diego, CA

    Smell the Salt! South Ocean Beach Triplex only a super short block to beaches & pier, half a block to live music, award-winning (dog-friendly!) restaurants and shopping. 3 units consisting of (1) 2 bedroom-2 full bath, and (2) 1 bedroom, 1 bath spacious units, all with direct entry, private yards, upgraded windows, granite counters, independent electric meters, 2 separate One-car garages +3

    Natalie Harris Coldwell Banker West

    Section Image
  • 4649-55 Muir Ave, San Diego, CA 92107

    $1,895,000

    • 5 Beds
    • 4 Baths
    • 4649-55 Muir Ave
    • San Diego, CA

    **Motivated Seller** Bring your offers. Seller has identified potential uplegs. Best value 4-unit on the market in Ocean Beach. Good rents currently with upside. This is a cute, eclectic little 4-unit property with 4 garages (potential ADU's?) the common area is a horticulturalists dream with meandering brick laid trails, park benches and picnic tables for all tenants use. Some Capital

    Chris Siedenburg ACI Apartments

    Section Image
  • 817 San Luis Rey Place, San Diego, CA 92109

    $2,300,000

    • 4 Beds
    • 3 Baths
    • 1,604 Sq Ft
    • 817 San Luis Rey Place
    • San Diego, CA

    Pack and Play! This charming and upgraded beach duplex is located on a quiet South Mission Beach Court. Steps to the Bayside sand and a couple short blocks to the ocean. The house was completely remodeled in 2017.Features include a gourmet kitchen with Thermador appliances, central air, custom recessed lighting, spa like bathrooms with walk in showers and large soaking tub. Even towel warmers!

    Jonathan Kohl Keller Williams Realty

    Section Image

Source: San Diego MLS

MLS Number: 240028339

San Diego MLS