NOT LISTED FOR SALE

3402 Monroe Ave San Diego, CA 92116

Normal Heights Neighborhood
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

Last Buyer's Agent

David Waitley

Heritage Re David Waitley Co B License #00939416

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

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

Lot Details

0

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
  • Annual Expense Actual: 23791
  • Gross Rent Multiplier Actual: 17.7
  • Gross Sched Income Actual: 72600
  • 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

Range of Values:

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Average Value
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List Price
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
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 +68.9% $567 / Sq Ft
02/26/2016 02/26/16 Sold $768,300 +4.5% --
02/08/2016 02/08/16 Pending -- -- --
02/01/2016 02/01/16 For Sale $735,000 -- --
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Florian Sighe

    Seller's Agent in 2021

    Florian Sighe

    The Browar Group

    (619) 894-3030

    1 in this area

    51 Total Sales

    Florian Sighe
    Section Image
  • David Waitley

    Buyer's Agent in 2021

    David Waitley

    Heritage Re David Waitley Co B

    (619) 602-9750

    1 in this area

    44 Total Sales

    David Waitley
    Section Image
  • Filly Gaines

    Seller's Agent in 2016

    Filly Gaines

    Compass

    (858) 699-6556

    22 Total Sales

    Filly Gaines
    Section Image
  • Brent Cole

    Buyer's Agent in 2016

    Brent Cole

    Compass

    (858) 531-8785

    32 Total Sales

    Brent Cole
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 210012022

San Diego MLS
California San Diego County San Diego 92116 Normal Heights

3402 Monroe Ave, San Diego, CA

This home is located at 3402 Monroe Ave, San Diego, CA 92116 since 06 May 2021. This property was built in 1979. 3402 Monroe Ave is a home located in San Diego County with nearby schools including John Adams Elementary School, Wilson Middle School, and Herbert Hoover High School.

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