NOT LISTED FOR SALE
8 Beds
3 Baths
2,300 Sq Ft
6,572 Sq Ft Lot

Last Sold February 01, 2023

Last sale price $850,000 $370 Per Sq Ft

47 Days on Market

Highlights

  • 1-Story Property
  • Level Lot
  • Wood Siding
  • Partially Fenced Property

About This Home

As of February 2023

Price Reduced! Opportunity knocks. 3 detached units off University Ave. Front house is spacious 3bd/1ba with private fenced in yard and covered porch. Middle house is 2bd/1ba and back house is 3bd/1ba. Long term, stable tenants. Below market rents can be raised substantially. All roofing was replaced in 2017. Property can be purchased alone or with adjacent 3 unit complex (MLS#220026704) for a total of 6 units.

Last Agent to Sell the Property

James Schlesinger

Mission Center Realty, Inc License #02086547 Listed on: 10/25/2022

Last Buyer's Agent

James Schlesinger

Mission Center Realty, Inc License #02086547 Listed on: 10/25/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • 1930

Lot Details

  • 6,572 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot
  • Sprinklers on Timer

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 471-591-22-00

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • Net Operating Income $40,164

Property Details

Home Type

Multi-Family

Year Built

1930

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Metro Uptown
  • Cross Street: University
  • Neighborhood: City Heights
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1930

Exterior Features

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

Utilities

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

Condo/Co-op/Association

  • Community: CITY HEIGHTS
  • Manager Name: Mission Center Properties
  • Manager Phone: 619-726-7185

Lot Info

  • Irrigation: Automatic, Sprinklers
  • Lot Size: 4,000-7,499 SF
  • Topography: Level
  • Zoning: R-4:MULTIP
  • Assessor Parcel Number: 471-591-22-00
  • Estimated Lot Sq Ft: 6572

Rental Info

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

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 40164
  • Annual Expense Actual: 13364
  • Gross Rent Multiplier Actual: 18.0
  • Gross Rent Multiplier Projected: 14.0
  • Gross Sched Income Actual: 62160
  • Gross Sched Income Projected: 80400
  • Number Of Buildings: 3
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3

Range of Values:

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Sold Price
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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
02/01/2023 02/01/23 Sold $850,000 +0.1% $370 / Sq Ft
12/12/2022 12/12/22 Pending -- -- --
11/30/2022 11/30/22 Price Changed $849,000 -5.6% $369 / Sq Ft
11/16/2022 11/16/22 Price Changed $899,000 -4.4% $391 / Sq Ft
11/09/2022 11/09/22 Price Changed $940,000 -3.6% $409 / Sq Ft
10/25/2022 10/25/22 For Sale $975,000 -- $424 / 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: 220026705

San Diego MLS