NOT LISTED FOR SALE
3 Beds
4 Baths
2,200 Sq Ft
6,994 Sq Ft Lot

Sale Details

Date Sold: October 19, 2023

Last sale price $2,660,000 $1,209 Per Sq Ft

45 Days on Market

Highlights

  • Floor Furnace
  • Level Lot
  • 1-Story Property
  • Property is Fully Fenced

About This Home

As of October 2023

First time on the market in 50+ years! Calling all visionary builders and ambitious developers. This Prime Four-Unit Property is ready for Transformation. Extremely rare opportunity to have a development Project in one of San Diego's most vibrant neighborhoods. 6994 Lot is level and zoned CC 3-8 which allows for a residential density of 1/600sqft. CC zone also permits for visitor accommodations (SRO's), office and retail uses. Located only a few blocks from UCSD Hospital and Scripps Mercy Hospital. This property is walkable to everything in the uptown neighborhood of Hillcrest. Just minutes north of San Diego’s world renown Balboa Park and bustling downtown. Hillcrest has a plethora of restaurants, coffee houses, bars, boutiques and a colorful mix of diverse restaurants, nightclubs, and acclaimed wine bars. The stretch is also home to furniture stores, distinctive boutiques, and the Uptown District shopping plaza. This property is perfectly poised for those who possess the foresight to harness its true potential.

Last Agent to Sell the Property

Brad Michels

eXp Realty of Southern CA License #01338999 Listed on: 08/31/2023

eXp Realty of Southern CA

Last Buyer's Agent

Brandon Loftus

LOF Realty License #01891776

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 6,994 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot

Parking

  • Alley Access

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 1-Story Property
  • Floor Furnace

Community Details

  • 4 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 444-661-17-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

6,994 Sq Ft Lot

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: University
  • Neighborhood: Hillcrest
  • Stories: 1 Story
  • Sale Price List Price: 0.9
  • Total Stories: 1
  • Year Built: 1940
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full
  • Roof: Composition

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Available
  • Heat Equipment: Floor Furnace

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access
  • Topography: Level
  • Zoning: COMMERCIAL
  • Assessor Parcel Number: 444-661-17-00
  • Estimated Lot Sq Ft: 6994
  • Estimated Number of Acres: 0.16
  • Map Code Column: A
  • Map Code Page: 1269
  • Map Code Row: 5

Multi Family

  • No. of Units: 4
  • Number Of Buildings: 4
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 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

Closed on
Aug 23, 2024
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
$1,300,000
Interest Rate
6.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 31, 2023
Closed on
Oct 16, 2023
Sold by
Bought by
Seller's Agent
Brad Michels
eXp Realty of Southern CA
Buyer's Agent
Brandon Loftus
LOF Realty
List Price
$2,950,000
Sold Price
$2,660,000
Premium/Discount to List
-$290,000
-9.83%
Views
30

Purchase Details

Listed on
Aug 31, 2023
Closed on
Sep 20, 2023
Sold by
Bought by
Seller's Agent
Brad Michels
eXp Realty of Southern CA
Buyer's Agent
Brandon Loftus
LOF Realty
List Price
$2,950,000
Sold Price
$2,660,000
Premium/Discount to List
-$290,000
-9.83%
Views
30

Purchase Details

Closed on
Sep 20, 2021
Sold by
Bought by

Purchase Details

Closed on
Jan 29, 2009
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Hillcrest, CA

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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
-- Chicago Title
-- Fidelity National Title
$2,660,000 Fidelity National Title
-- --
-- None Available
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 $1,820,000
Closed $1,300,000
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
10/19/2023 10/19/23 Sold $2,660,000 -9.8% $1,209 / Sq Ft
10/16/2023 10/16/23 Pending -- -- --
09/22/2023 09/22/23 For Sale $2,950,000 0.0% $1,341 / Sq Ft
09/19/2023 09/19/23 Pending -- -- --
08/31/2023 08/31/23 For Sale $2,950,000 -- $1,341 / 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 $33,854 $2,713,200 $2,448,000 $265,200
2025 $32,713 $2,660,000 $2,400,000 $260,000
2024 $32,713 $2,660,000 $2,400,000 $260,000
2023 $1,480 $117,629 $94,124 $23,505
2022 $1,441 $115,324 $92,279 $23,045
2021 $1,431 $113,064 $90,470 $22,594
2020 $1,328 $111,906 $89,543 $22,363
2019 $1,303 $109,713 $87,788 $21,925
2018 $1,218 $107,563 $86,067 $21,496
2017 $1,187 $105,455 $84,380 $21,075
2016 $1,164 $103,388 $82,726 $20,662
2015 $1,146 $101,836 $81,484 $20,352
2014 $1,128 $99,842 $79,888 $19,954
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 230017023

San Diego MLS
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