NOT LISTED FOR SALE
6 Beds
3 Baths
2,106 Sq Ft
6,301 Sq Ft Lot

Sale Details

Date Sold: August 26, 2022

Last sale price $1,270,000 $603 Per Sq Ft

51 Days on Market

About This Home

As of August 2022

We are pleased to present the Superior Street Cottages, 3 detached 2 bed/1 bath homes located in the Mountain View neighborhood of south San Diego. This opportunity offers buyers multiple options, an owner occupy buyer can live in one unit, possibly 3845 which includes a garage, basement and two gated parking spaces and rent out the other two units. Or the cashflow minded investor can purchase a turn-key, stabilized market rent asset and lock in 30 year fixed residential financing. Current rents are strong, ACTUAL GRM is 14.19 and the CAP rate is 4.69%. Recent upgrades include new roofs, new insulation, new appliances, cabinets, granite countertops, bathrooms, kitchens, crown molding, recessed lighting, and more. In addition, amenities include individual washer/dryer in each unit and individual fenced patios/yards for tenants to enjoy.

Last Agent to Sell the Property

Chris Sarver

Acre Investment Real Estate License #01886309 Listed on: 06/10/2022

Last Buyer's Agent

Coby Herzog

Compass License #02011079

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • 1950

Lot Details

  • 6,301 Sq Ft Lot
  • Property is Fully Fenced

Interior Spaces

  • 1-Story Property

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 546-223-06-00

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • Net Operating Income $65,443

Property Details

Home Type

Multi-Family

Year Built

1950

Lot Details

6,301 Sq Ft Lot

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Metro Central
  • Cross Street: S 38th & S 39th
  • Neighborhood: Mountain View
  • Stories: 1 Story
  • Sale Price List Price: 0.91
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1950

Exterior Features

  • Fencing: Full

Condo/Co-op/Association

  • Community: SAN DIEGO

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 546-223-06-00
  • Estimated Lot Sq Ft: 6301

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 65443
  • Gross Rent Multiplier Actual: 14.19
  • Number Of Buildings: 3
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 3
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2022
Closed on
Aug 24, 2022
Sold by
Bought by
Seller's Agent
Chris Sarver
Acre Investment Real Estate
Buyer's Agent
Coby Herzog
Compass
List Price
$1,395,000
Sold Price
$1,270,000
Premium/Discount to List
-$125,000
-8.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,286,217
Outstanding Balance
$1,214,427
Interest Rate
5.51%
Mortgage Type
VA

Purchase Details

Closed on
Jun 16, 2015
Sold by
Bought by

Purchase Details

Closed on
Oct 9, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
4.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 16, 2004
Sold by
Bought by

Purchase Details

Closed on
Jun 4, 1996
Sold by
Bought by

Purchase Details

Closed on
Mar 6, 1996
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,270,000 Lawyers Title
-- None Available
$290,000 Title365 Company
-- --
-- --
-- Commonwealth Land Title Ins
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,286,217
Previous Owner $248,000
Previous Owner $255,000
Previous Owner $100,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/26/2022 08/26/22 Sold $1,270,000 -9.0% $603 / Sq Ft
06/10/2022 06/10/22 For Sale $1,395,000 -- $662 / Sq Ft
Source: San Diego MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $17,099 $1,347,733 $1,029,371 $318,362
2025 $15,950 $1,321,308 $1,009,188 $312,120
2024 $15,950 $1,295,400 $989,400 $306,000
2023 $15,598 $334,987 $150,168 $184,819
2022 $4,112 $334,987 $150,168 $184,819
2021 $4,085 $328,420 $147,224 $181,196
2020 $4,035 $325,054 $145,715 $179,339
2019 $3,964 $318,681 $142,858 $175,823
2018 $3,707 $312,433 $140,057 $172,376
2017 $3,619 $306,308 $137,311 $168,997
2016 $3,559 $300,303 $134,619 $165,684
2015 $3,507 $295,793 $132,597 $163,196
2014 $3,453 $290,000 $130,000 $160,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 220014644

San Diego MLS

APN: 546-223-06-00

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