$425,000
SOLD JUN 22, 2014
5 Beds
4 Baths
2,458 Sq Ft
5,602 Sq Ft Lot

Recently Sold

$173 Per Sq Ft

17% Below List Price

194 Days on Market

About This Home

As of June 2021

Huge Price Drop! SELLER FINANCING! DUPLEX, REMODELED. Perfect for owner to occupy one and rent out other for income. Great unit mix. Potential 7% CAP. 2 Freestanding units. Excellent investment property as well. Both units newly REMODELED. Broadway house is 3 bedroom, 3 baths (2 showers, 1 shower and bath). Quail house is 2 bedroom 1 bath. Laundry hookups in both. Parking. Extra Lot. Located in Mt Hope area of San Diego. Easy access to the 15, 805, 5 and Martin Luther King Freeway.

Last Agent to Sell the Property

Troy Nielsen

Real Estate eBroker, Inc. License #01934761 Listed on: 11/25/2013

Co-Listed By

Lou Lollio

Keller Williams La Jolla License #00829436

Last Buyer's Agent

Christina Catalano

Camden McKay Realty License #01379883

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 5,602 Sq Ft Lot
  • Property is Fully Fenced

Parking

  • RV Potential

Additional Features

  • 1-Story Property
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for sewer, trash, water, cable TV, electricity, gas/propane, hot water
  • Assessor Parcel Number 541-623-07-00

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Net Operating Income $23,398

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: Broadway and Quail
  • Neighborhood: Mt. Hope
  • LP / Sq Ft: 13.08
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 1950
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 1
  • Walk Score Desc: Car Dependent
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Fencing: Full

Garage/Parking

  • Parking for RV: Potential Space

Utilities

  • Sewer/Septic: Sewer Connected
  • Water Heater Type: Gas

Condo/Co-op/Association

  • Community: SOUTH SD

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 541-623-07-00
  • Land Use Code: 2
  • Estimated Lot Sq Ft: 5602
  • Estimated Number of Acres: 0.13
  • Map Code Column: G
  • Map Code Page: 1289
  • Map Code Row: 3

Rental Info

  • Tenant Pays: Sewer, Trash, Water, Cable TV, Electricity, Gas/Propane, Hot Water

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 23398
  • Annual Expense Actual: 7502
  • Annual Expense Projected: 4516
  • Gross Rent Multiplier Actual: 16.02
  • Gross Rent Multiplier Projected: 12.69
  • Gross Sched Income Actual: 30900
  • Gross Sched Income Projected: 39000
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Refrigerator: 2

Tax Info

  • Assessor Parcel Number: 3946Broadway92102

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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
06/28/2021 06/28/21 Sold $765,000 +5.5% $406 / Sq Ft
05/28/2021 05/28/21 Pending -- -- --
05/21/2021 05/21/21 For Sale $725,000 +70.6% $385 / Sq Ft
06/22/2014 06/22/14 Sold $425,000 -17.5% $173 / Sq Ft
06/04/2014 06/04/14 Pending -- -- --
11/22/2013 11/22/13 For Sale $515,000 -- $210 / 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: 130061882

San Diego MLS

APN: 541-623-07-00