NOT LISTED FOR SALE

3748 Villa Terrace Unit 52 San Diego, CA 92104

North Park Neighborhood
4 Beds
3 Baths
2,106 Sq Ft
6,239 Sq Ft Lot

Last Sold December 08, 2016

Last sale price $970,000 $461 Per Sq Ft

10 Days on Market

Highlights

  • Floor Furnace
  • Laundry Facilities
  • Steep Slope
  • Jefferson Elementary Rated A-
  • Partially Fenced Property
  • Wood Siding

About This Home

As of December 2016

A Stunning Spanish style 3-unit in the heart of North Park. Prof landscaped, a private & a serene 2 tiered backyard. Main house 2/1 with a bonus den off the dining (not included in sf) & a family area off kitchen, occupied by seller. 1/1 downstairs and a 1/1 above the garage in the rear.A 1 car garage below the rear unit and other half of garage level is divided into a workshop w/ french doors & community laundry room. Both can be converted back into a 2nd garage space. Both units are month to month. A Stunning 3-unit Spanish Property In The Heart Of North Park. Professionally landscaped with tropical exotic palm trees, river rock in the front yard and mature bamboo in the rear yard creating a private & a serene 2 tiered backyard. The main home 3752, is a generous 2 bed, 1 bath, a den (not included in sf) & a cozy family room off the kitchen. A front porch to people watch & a rear patio to enjoy your mornings or evenings of our San Diego weather...and of course the views. An open floor plan with original coved ceilings in the living & dining room. The unit below 3750, renovated in 2005, is a 1 bed, 1 bath, lots of closet space & possible enclosed private outdoor patio. The rear unit 3748, renovated in 2010, is a 1 bed, 1 bath, cozy & a possible wrap-around deck to the rear for amazing views. The main home will be delivered vacant & the 2 others are on month-to-month with current low rental rates of $875 each. A 2 car garage below the rear unit, which 1 of them is currently a functional garage. The other 1 car garage was converted years ago into half as a workshop with french doors & other half as community laundry room. The mid-yard and the 2nd-tier rear yard backs up the alley, which both could be an amazing communal courtyard.

Last Agent to Sell the Property

Luke Kensen

house333 License #01519602 Listed on: 10/27/2016

Co-Listed By

Todd Worthington

house333 License #01915366

Last Buyer's Agent

Luke Kensen

house333 License #01519602 Listed on: 10/27/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 6,239 Sq Ft Lot
  • Partially Fenced Property
  • Steep Slope
  • Sprinklers on Timer

Parking

  • Alley Access

Home Design

  • Rolled or Hot Mop Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 453-062-22-00

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Landis
  • Neighborhood: North Park / Balboa Park
  • Supplement: A Stunning 3-unit Spanish Property In The Heart Of North Park. Professionally landscaped with tropical exotic palm trees, river rock in the front yard and mature bamboo in the rear yard creating a private & a serene 2 tiered backyard. The main home 3752, is a generous 2 bed, 1 bath, a den (not included in sf) & a cozy family room off the kitchen. A front porch to people watch & a rear patio to enjoy your mornings or evenings of our San Diego weather...and of course the views. An open floor plan with original coved ceilings in the living & dining room. The unit below 3750, renovated in 2005, is a 1 bed, 1 bath, lots of closet space & possible enclosed private outdoor patio. The rear unit 3748, renovated in 2010, is a 1 bed, 1 bath, cozy & a possible wrap-around deck to the rear for amazing views. The main home will be delivered vacant & the 2 others are on month-to-month with current low rental rates of $875 each. A 2 car garage below the rear unit, which 1 of them is currently a functional garage. The other 1 car garage was converted years ago into half as a workshop with french doors & other half as community laundry room. The mid-yard and the 2nd-tier rear yard backs up the alley, which both could be an amazing communal courtyard.
  • Stories: 2 Story
  • Sale Price List Price: 0.97
  • Total Stories: 2
  • Year Built: 1925
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco, Wood
  • Fencing: Partial
  • Roof: Rolled/Hot Mop

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Floor Furnace, Wall/Gravity

Condo/Co-op/Association

  • Community: NORTH PARK
  • Complex Features: Laundry Facilities
  • Manager Name: Todd
  • Manager Phone: 619-206-4890

Lot Info

  • Irrigation: Automatic, Sprinklers
  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Curbs, Sidewalks
  • Topography: Slope Gentle, Slope Steep
  • Assessor Parcel Number: 453-062-22-00
  • Land Use Code: R-3
  • Estimated Lot Sq Ft: 6239

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • No. of Units: 3
  • Annual Expense Actual: 9500
  • Annual Expense Projected: 15281
  • Gross Rent Multiplier Actual: 44.7
  • Gross Rent Multiplier Projected: 14.0
  • Gross Sched Income Actual: 21000
  • Gross Sched Income Projected: 67200
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Dryers: 1
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 1

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
12/08/2016 12/08/16 Sold $970,000 -3.0% $461 / Sq Ft
11/06/2016 11/06/16 Pending -- -- --
11/06/2016 11/06/16 Price Changed $1,000,000 +6.5% $475 / Sq Ft
10/27/2016 10/27/16 For Sale $939,000 -- $446 / 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: 160058311

San Diego MLS

APN: 453-062-22-00