NOT LISTED FOR SALE
3 Beds
3 Baths
1,200 Sq Ft
5,519 Sq Ft Lot

Last Sold February 19, 2021

Last sale price $650,000 $542 Per Sq Ft

71 Days on Market

Highlights

  • Corner Lot
  • Gravity Heating System
  • 1-Story Property
  • Property is Fully Fenced

About This Home

As of February 2021

Check out this amazing Opportunity Zone property located in the Fairmount addition to City Heights. These are 3 detached cottages all varying in interior upgrades that hardly ever sees any vacancy! 3707 has 1 off street parking spot, 3715/3721 - 2 off street parking tandem, 3721 laundry hook ups & fully renovated. Current Gross Rents $2475/mo - Projected Gross Rents $4250+/mo The property has alley access on one side & zoning CUPD-CU-1-2 + Opportunity Zone could make for an amazing urban infill project! Separate SDGE & Water Meters - tenants pay all utilities. Each unit has a nice size backyard all yards are maintained by the tenants. 3707 is rented at $800/mo (projected rent around $1400/mo), 1 off street parking, no laundry hookups. 3715 is rented at $775/mo (projected rent around $1400/mo), 2 off street parking, no laundry hookups . 3721 is rented at $900/mo (projected rent around $1500/mo), 2 off street parking, laundry hookups, fully upgraded. Current Gross Rents $2475/mo - Projected Gross Rents $4300+/mo - Annual maintenance is less than $1000 per year.

Last Agent to Sell the Property

Leslie Duvernay

Compass License #01936896 Listed on: 10/30/2020

Compass

Last Buyer's Agent

Leslie Duvernay

Compass License #01936896 Listed on: 10/30/2020

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

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

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property

Parking

  • Alley Access
  • RV Potential

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

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

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • Net Operating Income $28,809

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Castle
  • Neighborhood: Fairmount - City Heights
  • Supplement: Separate SDGE & Water Meters - tenants pay all utilities. Each unit has a nice size backyard all yards are maintained by the tenants. 3707 is rented at $800/mo (projected rent around $1400/mo), 1 off street parking, no laundry hookups. 3715 is rented at $775/mo (projected rent around $1400/mo), 2 off street parking, no laundry hookups . 3721 is rented at $900/mo (projected rent around $1500/mo), 2 off street parking, laundry hookups, fully upgraded. Current Gross Rents $2475/mo - Projected Gross Rents $4300+/mo - Annual maintenance is less than $1000 per year.
  • LP / Sq Ft: 14.71
  • Stories: 1 Story
  • Sale Price List Price: 0.95
  • Total Stories: 1
  • Year Built: 1948
  • 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: 2
  • Prkng Non Garage Spac U3: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Full
  • Roof: Composition

Garage/Parking

  • Parking for RV: Potential Space

Utilities

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

Condo/Co-op/Association

  • Community: SAN DIEGO
  • Manager Name: Owner

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Corner Lot
  • Zoning: COMMERCIAL
  • Assessor Parcel Number: 471-781-42-00
  • Estimated Lot Sq Ft: 5519
  • Estimated Number of Acres: 0.13
  • Map Code Column: J
  • Map Code Page: 1269
  • Map Code Row: 5

Rental Info

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

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 28809
  • Annual Expense Actual: 1000
  • Annual Expense Projected: 1000
  • Gross Rent Multiplier Actual: 23.57
  • Gross Rent Multiplier Projected: 14.58
  • Gross Sched Income Actual: 29700
  • Gross Sched Income Projected: 48000
  • Number Of Buildings: 3
  • Number Of Units With Dryers: 1
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 1

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
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

  • Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 200050239

San Diego MLS