NOT LISTED FOR SALE
4 Beds
4 Baths
2,288 Sq Ft
1979 Built

Last Sold June 24, 2021

Last sale price $1,370,000 $599 Per Sq Ft

12 Days on Market

About This Home

As of June 2021

PROPERTY HAS ONE UNIT VACANT TO ALLOW FOR OWNER OCCUPANT FINANCING. Pleased to present this charming, pride of ownership 4u property in the Normal Heights submarket of San Diego. 3402 Monroe Ave is comprised of 4 spacious 1BR apartments that have all been renovated/upgraded in one form or another through recent years. Tenants enjoy off street parking, a brand new laundry facility, and the bottom 2 units have patios with their units. The property features visually appealing zero scape landscaping, thereby lowering an owner’s expenses. A newer roof will also be enjoyed by the new owner, as well as many other exterior/interior upgrades throughout, as the owner has sparred no expense in the upkeep of the property. The property boasts a “Very Walkable” Walk Score of 85, and tenants will surely appreciate living in a safe, urban environment minutes away from some of San Diego’s finest attractions. Lastly, an upside in rents can be achieved with very light interior upgrades.

Last Agent to Sell the Property

Florian Sighe

The Browar Group License #02072593 Listed on: 05/06/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Home Design

  • Wood Siding

Interior Spaces

  • 2-Story Property

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 447-010-14-00

Community Details

Overview

  • 4 Units
  • Normal Heights Community

Building Details

  • Net Operating Income $47,504

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Monroe and 34th
  • Neighborhood: Normal Heights
  • Stories: 2 Story
  • Sale Price List Price: 1.06
  • Total Stories: 2
  • Year Built: 1979
  • 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: Wood/Stucco

Condo/Co-op/Association

  • Complex Name: Normal Heights
  • Community: NORMAL HEIGHTS

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 447-010-14-00

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 47504
  • Gross Rent Multiplier Actual: 17.7
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Other Income Actual: 900
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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 List to Sale Price per Sq Ft
06/24/2021 06/24/21 Sold $1,370,000 +5.5% $599 / Sq Ft
05/19/2021 05/19/21 Pending -- -- --
05/06/2021 05/06/21 For Sale $1,298,000 -- $567 / Sq Ft
Source: San Diego MLS

Tax History

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
2025 $17,901 $1,482,930 $649,458 $833,472
2024 $17,901 $1,453,854 $636,724 $817,130
2023 $17,506 $1,425,348 $624,240 $801,108
2022 $17,040 $1,397,400 $612,000 $785,400
2021 $10,396 $840,242 $357,548 $482,694
2020 $10,270 $831,627 $353,882 $477,745
2019 $10,087 $815,322 $346,944 $468,378
2018 $9,430 $799,337 $340,142 $459,195
2017 $9,206 $783,665 $333,473 $450,192
2016 $7,296 $618,294 $263,103 $355,191
2015 $7,188 $609,007 $259,151 $349,856
2014 $7,077 $597,078 $254,075 $343,003
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210012022

San Diego MLS
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