$1,284,500
SOLD DEC 13, 2024
4 Beds
3 Baths
2,300 Sq Ft
1959 Built

Recently Sold

$558 Per Sq Ft

14% Below List Price

26 Days on Market

Highlights

  • Laundry Facilities
  • Partially Fenced Property
  • Wood Siding
  • Jefferson Elementary Rated A-

About This Home

As of May 2025

PRICE IMPROVEMENT on this gem in the Morley Field neighborhood located south of University Ave. Walking distance to shops and restaurants in the heart of North Park. Front house 2/1, stand alone with private front yard, and 2 story unit in back are both 1/1 both with their own private decks. Great opportunity for investor looking to secure steady rental income in this highly desirable neighborhood. Could also be an excellent opportunity for redevelopment with city approval.

Last Agent to Sell the Property

Lisa Whelihan

The Metropolitan Group License #02086175 Listed on: 10/31/2024

Last Buyer's Agent

Lisa Whelihan

The Metropolitan Group License #02086175 Listed on: 10/31/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Home Design

  • Composition Roof
  • Wood Siding

Additional Features

  • Partially Fenced Property
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 453-052-05-00

Community Details

Overview

  • 2 Buildings
  • 3 Units

Additional Features

  • Laundry Facilities
  • Net Operating Income $75,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Landis
  • Neighborhood: Pauly's Addition
  • Sale Price List Price: 0.9
  • Year Built: 1959
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Sewer/Septic: Sewer Connected

Condo/Co-op/Association

  • Community: NORTH PARK
  • Complex Features: Laundry Facilities

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Water District: CITY OF SAN DIEGO
  • Assessor Parcel Number: 453-052-05-00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 75000
  • Annual Expense Actual: 15000
  • Gross Rent Multiplier Actual: 6.02
  • Gross Sched Income Actual: 90000
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 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
05/22/2025 05/22/25 Sold $1,890,000 -3.0% $801 / Sq Ft
05/07/2025 05/07/25 Pending -- -- --
04/30/2025 04/30/25 For Sale $1,949,000 +51.7% $826 / Sq Ft
12/13/2024 12/13/24 Sold $1,284,500 -9.9% $558 / Sq Ft
11/27/2024 11/27/24 Pending -- -- --
11/13/2024 11/13/24 Price Changed $1,425,000 -4.7% $620 / Sq Ft
10/31/2024 10/31/24 For Sale $1,495,000 -- $650 / 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: 240025739

San Diego MLS