$795,000
SOLD AUG 2, 2024
3 Beds
3 Baths
1,200 Sq Ft
5,519 Sq Ft Lot

Recently Sold

$662 Per Sq Ft

20% Below List Price

102 Days on Market

Highlights

  • Laundry Facilities
  • Level Lot
  • 1-Story Property
  • Property is Fully Fenced

About This Home

As of August 2024

Three charming, turn-key, bread & butter rental units available in City Heights! All three units offer lots of natural light, are all individually metered, and each of them offer a sizeable private yard. The interiors have recently been upgraded with new windows, flooring, counter tops, and kitchen cabinets. There are even laundry hookups in Unit 3721! Each unit also features a private parking space. Don't miss out on this awesome investment opportunity!

Last Agent to Sell the Property

Markus Feldmann

Pacific Real Estate Center License #01250179 Listed on: 03/26/2024

Last Buyer's Agent

Stephanie Nisan

The Stoz Group License #01873309

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 5,519 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot

Home Design

  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, gas/propane, hot water, trash
  • Assessor Parcel Number 471-781-42-00

Community Details

Overview

  • 3 Buildings
  • 3 Units

Pet Policy

  • Pets Allowed

Additional Features

  • Laundry Facilities
  • Net Operating Income $69,736

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Landis
  • Neighborhood: City Heights
  • Stories: 1 Story
  • Sale Price List Price: 0.94
  • Total Stories: 1
  • Year Built: 1947
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Prkng Non Garage Spac U3: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full

Utilities

  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Complex Name: Unknow
  • Pets Allowed: Yes
  • Community: CITY HEIGHTS
  • Complex Features: Laundry Facilities

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Public Street
  • Topography: Level
  • Assessor Parcel Number: 471-781-42-00
  • Estimated Lot Sq Ft: 5519

Rental Info

  • Tenant Pays: Electricity, Gas/Propane, Hot Water, Trash

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 69736
  • Annual Expense Actual: 9464
  • Gross Rent Multiplier Actual: 12.5
  • Gross Sched Income Actual: 79200
  • Gross Sched Income Projected: 79200
  • Number Of Buildings: 3
  • Number Of Units With Dryers: 3
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3

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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
08/02/2024 08/02/24 Sold $795,000 -6.4% $663 / Sq Ft
07/07/2024 07/07/24 Pending -- -- --
07/01/2024 07/01/24 Price Changed $849,000 -5.1% $708 / Sq Ft
05/14/2024 05/14/24 Price Changed $895,000 -5.7% $746 / Sq Ft
05/04/2024 05/04/24 Price Changed $949,000 -4.6% $791 / Sq Ft
03/26/2024 03/26/24 For Sale $995,000 +53.1% $829 / Sq Ft
02/19/2021 02/19/21 Sold $650,000 -5.1% $542 / Sq Ft
01/10/2021 01/10/21 Pending -- -- --
12/07/2020 12/07/20 For Sale $685,000 0.0% $571 / Sq Ft
12/03/2020 12/03/20 Pending -- -- --
11/30/2020 11/30/20 Price Changed $685,000 -2.1% $571 / Sq Ft
10/30/2020 10/30/20 For Sale $700,000 -- $583 / 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: 240006382

San Diego MLS