NOT LISTED FOR SALE

3501 Front St San Diego, CA 92103

Hillcrest Neighborhood
4 Beds
4 Baths
3,751 Sq Ft
7,699 Sq Ft Lot

Last Sold January 28, 2022

Last sale price $2,387,500 $636 Per Sq Ft

12 Days on Market

About This Home

As of January 2022

First time on the market in a generation, possibly THE most unique investment property you'll see this year. Four units with a non-conforming studio. Units either vacant or grossly under market with long term tenants. Opportunity is endless to capture premium rents in the current configuration, re-configure to add more units, or return the home to it's original 1800's single-family magnificence. Property is perfect for an owner occupant, with a spectacular 1400sf+ owners apartment. This is not a drive-by, and the photos do not do this graceful grand dame justice. You MUST see this in person to truly appreciate the potential in this property.

Last Agent to Sell the Property

Kim Hawley

Compass License #01776106 Listed on: 11/20/2021

Compass

Last Buyer's Agent

Benn Vogelsang

NorthMarq Multifamily License #01883437

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 7,699 Sq Ft Lot
  • Gated Home
  • Property is Fully Fenced
  • Corner Lot
  • Level Lot

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Community Details

  • 4 Units
  • Net Operating Income $38,400

Listing and Financial Details

  • Assessor Parcel Number 452-393-12-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Walnut St
  • Neighborhood: Hillcrest/Bankers Hill
  • LP / Sq Ft: 15.5
  • Stories: 2 Story
  • Sale Price List Price: 0.99
  • Total Stories: 2
  • Year Built: 1900
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full, Gate
  • Roof: Composition

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: HILLCREST
  • Manager Name: Owner

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Site: Corner Lot
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: R-3:RESTRI
  • Additional Property Use: ORMKS
  • Assessor Parcel Number: 452-393-12-00
  • Estimated Lot Sq Ft: 7699
  • Water District URL: http://www.ci.san-diego.ca.us/water
  • Estimated Number of Acres: 0.18
  • Map Code Column: A
  • Map Code Page: 1269
  • Map Code Row: 6

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 38400
  • Gross Rent Multiplier Projected: 17.0
  • Gross Sched Income Actual: 3200
  • Gross Sched Income Projected: 12900
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Fireplaces: 4
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4

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 List to Sale Price per Sq Ft
01/28/2022 01/28/22 Sold $2,387,500 -0.5% $636 / Sq Ft
12/03/2021 12/03/21 Pending -- -- --
11/20/2021 11/20/21 For Sale $2,400,000 -- $640 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kim Hawley

    Seller's Agent in 2022

    Kim Hawley

    Compass

    (619) 890-3447

    2 in this area

    62 Total Sales

    Kim Hawley
    Section Image
  • Benn Vogelsang

    Buyer's Agent in 2022

    Benn Vogelsang

    NorthMarq Multifamily

    (415) 250-4947

    2 in this area

    103 Total Sales

    Benn Vogelsang
    Section Image
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Map

Source: San Diego MLS

MLS Number: 210031871

San Diego MLS

APN: 452-393-12-00

California San Diego County San Diego 92103 Hillcrest

3501 Front St, San Diego, CA

This home is located at 3501 Front St, San Diego, CA 92103 since 20 November 2021. This property was built in 1900. 3501 Front St is a home located in San Diego County with nearby schools including Florence Elementary School, Roosevelt International Middle School, and Museum School.

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