NOT LISTED FOR SALE
6 Beds
3 Baths
-- Sq Ft
10,515 Sq Ft Lot

Last Sold October 15, 2021

Last sale price $700,000

49 Days on Market

Highlights

  • 0.24 Acre Lot
  • Open Space
  • Property is Fully Fenced
  • Park or Greenbelt View
  • Laundry Facilities
  • 2-minute walk to South Crest Trails Park

About This Home

As of October 2021

Presenting a truly rare opportunity-Positive cash flow units now for sale in a literal "Opportunity Zone"! 3 units on 1 huge lot in a great neighborhood that backs up to Southcrest walking trails. Easy access to everything, near schools and parks. Front house is separate from the duplex in the back. All three units are in good condition and 2 of the three units have already been updated. Each Unit has it's own parking, private access, and exclusive yard usage. Large lot does offer a lot of potential.

Last Agent to Sell the Property

Rob Cunningham

ROA California Inc License #01491215 Listed on: 09/19/2019

Last Buyer's Agent

Rob Cunningham

ROA California Inc License #01491215 Listed on: 09/19/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 10,515 Sq Ft Lot
  • Open Space
  • Property is Fully Fenced
  • Level Lot

Home Design

  • Composition Roof
  • Stone Exterior Construction

Interior Spaces

  • 1-Story Property
  • Park or Greenbelt Views

Utilities

  • Heating System Uses Natural Gas
  • Separate Water Meter

Listing and Financial Details

  • Tenant pays for sewer, trash, electricity, gas/propane
  • Assessor Parcel Number 550-440-12-00

Community Details

Overview

  • 2 Buildings
  • 3 Units

Additional Features

  • Laundry Facilities
  • Net Operating Income $29,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: 38th
  • Neighborhood: SouthCrest
  • LP / Sq Ft: 12.24
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 1950
  • 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: Stone
  • Fencing: Full
  • Frontage: Open Space
  • Roof: Composition
  • View: Greenbelt

Utilities

  • Water: Meter on Property

Condo/Co-op/Association

  • Community: LOGAN HEIGHTS
  • Complex Features: Laundry Facilities

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Topography: Level
  • Zoning: R-2:MINOR
  • Assessor Parcel Number: 550-440-12-00
  • Estimated Lot Sq Ft: 10515
  • Estimated Number of Acres: 0.24
  • Map Code Column: G
  • Map Code Page: 1289
  • Map Code Row: 6

Rental Info

  • Tenant Pays: Sewer, Trash, Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 29400
  • Annual Expense Actual: 9000
  • Annual Expense Projected: 10000
  • Gross Rent Multiplier Actual: 18.22
  • Gross Rent Multiplier Projected: 10.4
  • Gross Sched Income Actual: 38400
  • Gross Sched Income Projected: 67200
  • Number Of Buildings: 2
  • Number Of Units With Dryers: 3
  • Number Of Units With Garage: 1
  • 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
10/15/2021 10/15/21 Sold $700,000 0.0% --
11/08/2019 11/08/19 Pending -- -- --
09/19/2019 09/19/19 For Sale $699,900 -- --
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: 190052014

San Diego MLS

APN: 550-440-12-00