NOT LISTED FOR SALE
-- Bed
1 Bath
2,464 Sq Ft
2,464 Sq Ft Lot

Last Sold October 09, 2021

Last sale price $2,750,000 $1,116 Per Sq Ft

3 Days on Market

Highlights

  • Contemporary Architecture
  • Property is near public transit
  • No HOA
  • Pacific Beach Elementary School Rated A-
  • Corner Lot
  • Zero Lot Line

About This Home

As of October 2021

8 Studio apartments in North Mission Beach. half block from the ocean. 10 blocks from Belmont Park.1 mile to Sea World. Project might suit itself to winter summer rentals and or student housing. 3 miles to La Jolla. Please do not go on the property and bother our valuable residents.

Last Agent to Sell the Property

Richard Snyder

R.A. Snyder Properties License #00474846 Listed on: 09/05/2021

Co-Listed By

Charles Jolly

Independent Broker License #00458556

Last Buyer's Agent

Robert Brown

Fantastik Realty License #01796328

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 2,464 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot
  • Zero Lot Line

Home Design

  • Contemporary Architecture
  • Split Level Home
  • Property Attached
  • Flat Roof Shape
  • Frame Construction

Interior Spaces

  • 1 Bathroom
  • 2,464 Sq Ft Home
  • 2-Story Property

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Carport Spaces

Additional Features

  • Property is near public transit
  • Heating Available

Listing and Financial Details

  • Legal Lot and Block I / 167
  • Tax Tract Number 1809
  • Assessor Parcel Number 4236010500

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Recreation

  • Water Sports

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,391
  • Professional Management Expense $11,520
  • Trash Expense $3,274
  • Water Sewer Expense $2,517
  • New Taxes Expense $30,000
  • Operating Expense $43,047
  • Gross Income $118,470
  • Net Operating Income $75,422

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 2.50
  • Price Per Unit: 343750
  • Professional Management Expense: 11520.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2517.00
  • Zoning: R-4: Multiple Residential Apartment ...
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 4236010500
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Multi/Split, Two
  • Price Per Square Foot: 1116.07

Exterior Features

  • Pool Private: No
  • Roof: Flat
  • Construction Materials: Frame

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected
  • Heating: Yes
  • Laundry: No
  • Electric: Standard
  • Heating Type: Electric
  • Trash Expense: 3274.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Watersports

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Near Public Transit, Zero Lot Line
  • Lot Size: 33' North Boundary x 72' West Boundary 74' East Boundary x 34' South Boundary
  • Lot Size Sq Ft: 2464.00
  • Lot Size Acres: 0.0566

Multi Family

  • Average Studio Area: 260 Square Feet
  • Gross Income: 118470.00
  • Gross Scheduled Income: 118470.00
  • Insurance Expense: 1391.00
  • Lot Size Area: 2464.0000 Square Feet
  • Net Operating Income: 75422.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Number With Disposal: 8
  • Number With Range: 8
  • Number With Refrigerator: 8
  • Operating Expense: 43047.00
  • Rent Control: No
  • Total Actual Rent: 118740.00
  • Total Expenses: 43047.00

Tax Info

  • New Taxes Expense: 30000.00
  • Tax Block: 167
  • Tax Census Tract: 76/3
  • Tax Lot: I
  • Tax Tract Number: 001809

Range of Values:

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Average Value
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List 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
10/09/2021 10/09/21 Sold $2,750,000 0.0% $1,116 / Sq Ft
09/08/2021 09/08/21 Pending -- -- --
09/05/2021 09/05/21 For Sale $2,750,000 -- $1,116 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2110385

California Regional Multiple Listing Service (CRMLS)