$1,655,000
SOLD DEC 11, 2024

3485 Del Rey St San Diego, CA 92109

Pacific Beach Neighborhood
7 Beds
4 Baths
2,286 Sq Ft
2,758 Sq Ft Lot

Recently Sold

$724 Per Sq Ft

5% Below List Price

102 Days on Market

Highlights

  • Laundry Facilities
  • Partially Fenced Property
  • 1-Story Property
  • Crown Point Junior Music Academy Rated A-

About This Home

As of December 2024

REDUCED PRICE! Originally constructed in 1958, the subject was extensively remodeled in 2024 with all new interiors, refreshed exterior and upgrades to several major building systems. The turnkey units feature high-end finishes, fixtures and appliances. The subject is located west of Interstate 5 and walking distance to Mission Bay and Mission Bay Park, the 4,600 acre aquatic playground with miles of beaches and waterways. The immediate neighborhood has a quiet, beach-town feel with abundant street parking. Pacific Beach has a plethora of popular eateries, shopping and attractions, all walking distance from the property.

Last Agent to Sell the Property

Eric Comer

Eric D. Comer, Broker License #00842230 Listed on: 08/07/2024

Last Buyer's Agent

Linda Lee

Keller Williams Realty License #01333651

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 2,758 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 1-Story Property
  • Gravity Heating System

Community Details

  • 4 Units
  • Laundry Facilities
  • Net Operating Income $74,703

Listing and Financial Details

  • Tenant pays for cable TV
  • Assessor Parcel Number 424-362-15-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Glendora Street
  • Neighborhood: Pacific Beach
  • Stories: 1 Story
  • Sale Price List Price: 0.95
  • Total Stories: 1
  • Year Built: 1958
  • 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: Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: PACIFIC BEACH
  • Complex Features: Laundry Facilities

Lot Info

  • Lot Size: 1-3,999 SF
  • Assessor Parcel Number: 424-362-15-00
  • Estimated Lot Sq Ft: 2758

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 74703
  • Annual Expense Actual: 48461
  • Gross Rent Multiplier Actual: 13.8
  • Gross Rent Multiplier Projected: 13.1
  • Gross Sched Income Actual: 118560
  • Number Of Buildings: 1
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4

Range of Values:

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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 List to Sale Price per Sq Ft Prior Sale
12/11/2024 12/11/24 Sold $1,655,000 -5.2% $724 / Sq Ft
11/18/2024 11/18/24 Pending -- -- --
10/02/2024 10/02/24 Price Changed $1,745,000 0.0% $763 / Sq Ft
10/02/2024 10/02/24 For Sale $1,745,000 +5.4% $763 / Sq Ft
09/26/2024 09/26/24 Off Market $1,655,000 -- --
08/07/2024 08/07/24 For Sale $1,795,000 +38.1% $785 / Sq Ft
04/15/2024 04/15/24 Sold $1,300,000 -18.8% $570 / Sq Ft View Prior Sale
01/10/2024 01/10/24 Pending -- -- --
10/11/2023 10/11/23 Price Changed $1,600,000 -8.6% $702 / Sq Ft
09/22/2023 09/22/23 For Sale $1,750,000 -- $768 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Eric Comer

    Seller's Agent in 2024

    Eric Comer

    Eric D. Comer, Broker

    (858) 231-4683

    3 in this area

    51 Total Sales

    Eric Comer
    Section Image

  • L

    Buyer's Agent in 2024

    Linda Lee

    Keller Williams Realty

See All Agents

Map

Source: San Diego MLS

MLS Number: 240018536

San Diego MLS

APN: 424-362-15-00

California San Diego County San Diego 92109 Pacific Beach

3485 Del Rey St, San Diego, CA

This home is located at 3485 Del Rey St, San Diego, CA 92109 and is currently priced at $1,655,000, approximately $723 per square foot. This property was built in 1958. 3485 Del Rey St is a home located in San Diego County with nearby schools including Crown Point Junior Music Academy, Pacific Beach Middle, and Mission Bay High School.

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