NOT LISTED FOR SALE
13 Beds
7 Baths
700 Sq Ft
-- Built

Last Sold June 21, 2024

Last sale price $900,000 $1,286 Per Sq Ft

8 Days on Market

Highlights

  • 1-Story Property
  • Central Heating and Cooling System
  • 5-minute walk to Melville J. Courson Park

About This Home

As of June 2024

Welcome to your next investment opportunity! 8.7% Proforma after rent stabilization. This six-unit multifamily property sits on over 3/5 of an acre, 6900 sq ft of living space, boasting high-density residential RM4 zoning, presenting a myriad of possibilities. The main highlight is the expansive 8-bedroom, four-bathroom house spanning 3000 sq ft, ideal for Residential Care Facilities for the Elderly (RCFE) or converting to six one bedroom unit for additional income. Additionally, there are four 1-bedroom, 1-bathroom units, offering cozy living spaces for individuals or couples. A modular 4-bedroom, 2-bathroom home adds to the diversity of the property. With its modern amenities and ample space, it complements the existing structures. The expansive lot size allows for future expansion or development, making it an attractive prospect for investors. Located in a desirable area with convenient access to amenities and transportation, this multifamily property presents an enticing investment opportunity. Don't miss out on the chance to own a versatile and lucrative asset in a thriving community. Schedule your viewing today and unlock the potential of this remarkable property!

Last Agent to Sell the Property

Tyler Brand

Nara Advisors, Inc. License #02214185 Listed on: 05/16/2024

Co-Listed By

Daniel Sipher

Landmark Multifamily and Development License #02043589

Last Buyer's Agent

Tyler Brand

Nara Advisors, Inc. License #02214185 Listed on: 05/16/2024

Home Details

Home Type

  • Single Family

Parking

  • Carport

Home Design

  • Stucco

Interior Spaces

  • 13 Bedrooms
  • 1-Story Property

Additional Features

  • Number of ADU Units: 4
  • Central Heating and Cooling System

Community Details

  • 6 Units

Listing and Financial Details

  • Total Actual Rent $6,075

Home Details

Home Type

Single Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 1
  • Unit Levels: 1 Story
  • Property Sub Type: Com-Res Income
  • CapRate: 2.6
  • Co List Office Mls Id: 991580
  • Co List Office Mls Id: 991580
  • Structure Type: Fourplex, Free Standing, Other/Remarks
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-07-01T09:19:34Z
  • FullAddress: 38110 10th street E
  • ShortSale: No
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 13
  • Flooring: Slab

Exterior Features

  • Construction Type: Stucco

Garage/Parking

  • Parking Features: Carports

Utilities

  • Cooling: Central Forced Air Elec
  • Heating: Central Forced Air Elec
  • Laundry Features: Owned

Multi Family

  • Number Of Buildings: 3
  • Number Of Units Total: 6
  • Annual Operating Expense: 41184.0
  • Total Actual Rent: 6075.0
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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 List to Sale Price per Sq Ft
06/21/2024 06/21/24 Sold $900,000 -25.0% $1,286 / Sq Ft
05/25/2024 05/25/24 Pending -- -- --
05/16/2024 05/16/24 For Sale $1,200,000 -- $1,714 / Sq Ft
Source: San Diego MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,857 $918,000 $295,800 $622,200
2024 $9,857 $528,994 $79,824 $449,170
2023 $9,768 $518,622 $78,259 $440,363
2022 $9,425 $508,454 $76,725 $431,729
2021 $9,198 $498,485 $75,221 $423,264
2019 $8,792 $483,701 $72,991 $410,710
2018 $8,666 $474,217 $71,560 $402,657
2016 $8,022 $455,804 $68,782 $387,022
2015 $8,033 $448,958 $67,749 $381,209
2014 $7,940 $440,164 $66,422 $373,742
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240010951

San Diego MLS