NOT LISTED FOR SALE
6 Beds
5 Baths
2,842 Sq Ft
6,373 Sq Ft Lot

Last Sold July 02, 2024

Last sale price $2,500,000 $880 Per Sq Ft

8 Days on Market

Highlights

  • Zoned Heating and Cooling
  • Property is Fully Fenced
  • 5-minute walk to Bird Park
  • Jefferson Elementary Rated A-
  • Level Lot

About This Home

As of July 2024

4 Units in Morley Field fully renovated and turn key! This property is comprised of (2) 1 bed 1 bath bungalows with their own private front and back yards, and a duplex with a 3 bedroom 2 bath unit above an additional 1 bed 1 bath and two garage parking spaces located at the dead end of the alley. All units have custom cabinetry, luxury vinyl flooring, stainless steel appliances, ductless minisplits, and more. Located just two blocks from the world famous Balboa Park in the highly sought after Morley Field neighborhood. Front two units are occupied please do not disturb.

Last Agent to Sell the Property

Matt Davies

Matt Davies, Broker License #01966504 Listed on: 06/01/2024

Last Buyer's Agent

Twana Rasoul

Compass License #02026495

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 6,373 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot
  • Irrigation

Parking

  • Alley Access

Home Design

  • Rolled or Hot Mop Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Utilities

  • Zoned Heating and Cooling
  • Separate Water Meter

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 453-312-04-00

Community Details

Overview

  • 3 Buildings
  • 4 Units
  • North Park Community

Building Details

  • Net Operating Income $112,560

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Texas St and Myrtle Ave
  • Neighborhood: Morley Field
  • Stories: 2 Story
  • Sale Price List Price: 0.98
  • Total Stories: 2
  • Year Built: 1930
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U3: 1
  • Prkng Non Garage Spac U4: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full
  • Roof: Rolled/Hot Mop

Utilities

  • Cooling: Zoned Area(s)
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Heat Equipment: Zoned Areas

Condo/Co-op/Association

  • Complex Name: North Park
  • Community: NORTH PARK

Lot Info

  • Irrigation: Manual
  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access
  • Topography: Level, Rolling
  • Assessor Parcel Number: 453-312-04-00
  • Estimated Lot Sq Ft: 6373

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 112560
  • Annual Expense Actual: 55440
  • Gross Rent Multiplier Actual: 15.77
  • Gross Sched Income Actual: 168000
  • Number Of Buildings: 3
  • Number Of Units With Cooling: 4
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Dryers: 4
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 4

Range of Values:

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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
07/02/2024 07/02/24 Sold $2,500,000 -1.9% $880 / Sq Ft
06/10/2024 06/10/24 Pending -- -- --
06/04/2024 06/04/24 Price Changed $2,549,000 -3.8% $897 / Sq Ft
06/01/2024 06/01/24 For Sale $2,650,000 -- $932 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240011974

San Diego MLS

APN: 453-312-04-00