NOT LISTED FOR SALE

3643-45 Altadena Ave San Diego, CA 92105

Chollas Creek Neighborhood
8 Beds
4 Baths
3,120 Sq Ft
6,032 Sq Ft Lot

Last Sold June 26, 2024

Last sale price $1,060,000 $340 Per Sq Ft

6 Days on Market

About This Home

As of June 2024

Great opportunity to acquire a 4 unit property, with all spacious 2 bedroom 1 bath units. There are 4 off-street parking spaces at front of property, one assigned to each unit. Front 2 units are in need of full remodel. This is a clean slate for any investor to renovate to their standards and add value with the ability to fill 2 units with tenants of their choosing at prevailing market rates. Information is believed to be accurate but buyer or buyers agent to verify all information.

Last Agent to Sell the Property

David George

First Wave Properties License #01725659 Listed on: 05/08/2024

Last Buyer's Agent

Morris Malakha

Compass License #01962350

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,032 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Window Bars

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 472-541-02-00

Community Details

Overview

  • 4 Units
  • Chollas Creek Community

Building Details

  • Net Operating Income $28,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Sterling Ct
  • Neighborhood: Chollas Creek
  • LP / Sq Ft: 12.3
  • Stories: 2 Story
  • Sale Price List Price: 0.97
  • Total Stories: 2
  • Year Built: 1964
  • 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

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

Condo/Co-op/Association

  • Complex Name: Chollas Creek
  • Community: EAST SAN DIEGO
  • Manager Name: David George
  • Manager Phone: 619-849-0170

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Public Street
  • Topography: Level
  • Zoning: R-4:MULTIP
  • Assessor Parcel Number: 472-541-02-00
  • Estimated Lot Sq Ft: 6032
  • Estimated Number of Acres: 0.14
  • Map Code Column: A
  • Map Code Page: 1270
  • Map Code Row: 6

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 28400
  • Annual Expense Actual: 7000
  • Annual Expense Projected: 7000
  • Gross Rent Multiplier Actual: 31.0
  • Gross Rent Multiplier Projected: 11.4
  • Gross Sched Income Actual: 35400
  • Gross Sched Income Projected: 96000
  • Number Of Buildings: 1
  • Number Of Units With Dryers: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

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
06/26/2024 06/26/24 Sold $1,060,000 -3.2% $340 / Sq Ft
05/15/2024 05/15/24 Pending -- -- --
05/08/2024 05/08/24 For Sale $1,095,000 -- $351 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David George

    Seller's Agent in 2024

    David George

    First Wave Properties

    (619) 849-0170

    1 in this area

    25 Total Sales

    David George
    Section Image
  • Morris Malakha

    Buyer's Agent in 2024

    Morris Malakha

    Compass

    (619) 204-4446

    2 in this area

    38 Total Sales

    Morris Malakha
    Section Image
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Map

Source: San Diego MLS

MLS Number: 240010074

San Diego MLS

California San Diego County San Diego 92105 Chollas Creek

3643-45 Altadena Ave, San Diego, CA

This home is located at 3643-45 Altadena Ave, San Diego, CA 92105 since 08 May 2024. This property was built in 1964. 3643-45 Altadena Ave is a home located in San Diego County with nearby schools including Marshall Elementary School, Mann Middle School, and Crawford High School.

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