NOT LISTED FOR SALE
7 Beds
3 Baths
2,898 Sq Ft
5,121 Sq Ft Lot

Last Sold March 25, 2019

Last sale price $1,495,000 $516 Per Sq Ft

75 Days on Market

Highlights

  • Bay View
  • Crown Point Junior Music Academy Rated A-
  • Forced Air Heating System

About This Home

As of March 2019

BOM no fault of property. See supplemental. Wonderful opportunity to own three units just steps from Crown Point! Front unit is a detached three bedroom one bath with tons of updates to include kitchen and bath, dual pane windows, lighting, flooring, & ceiling fans. The back two units are identical in size and floor plan minus the patios. Both of these units are updated with dual pane windows, flooring, appliances and both have fireplaces in the LR. BUYER had offers on multiple units. Decided to move forward with another non-beach set of units. No EMD was ever received. This is the first time these units have been on the market since the early 1970's!! Current owners have had family in the front unit for many years so these units are way more updated than your average PB rental, these units are some of the nicest I have ever seen!! Rents are extremely low as there was not a huge need for rents as the units are free and clear. There is currently one tenant on month to month. They have been notified rents will most likely be going up with the new owners. There is plenty of parking with 4+ spots out back and 3 tandem spots for the front unit. Just steps from Crown Point and you can watch Sea World fireworks from your front door!! Neighborhoods: Crown Point Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 2: 3973 A Unit # for Unit 3: 3973 B Unit # for Unit 4: 0 Number of Furnished Units: 0 Topography: LL

Last Agent to Sell the Property

Michael Robe

Century 21 Affiliated License #01266930 Listed on: 11/16/2018

Century 21 Affiliated

Co-Listed By

Shelby Robe

Keller Williams Realty License #02052478

Last Buyer's Agent

Darragh Rafferty

The Browar Group License #02001065

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 5,121

Home Design

  • Split Level Home
  • Composition Roof

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Bay Views
  • 5,121 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 4245030900

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Net Operating Income $39,501

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • CapRate: 44.00
  • Subdivision Name Other: Pacific Beach
  • View: Yes
  • Zoning: R-3:RESTRI
  • Property Type: Residential Income
  • Parcel Number: 4245030900
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Multi/Split

Exterior Features

  • View: Bay
  • Fence: No
  • Roof: Composition

Utilities

  • Heating: Yes
  • Heating Type: Natural Gas, Forced Air

Lot Info

  • Lot Size Sq Ft: 5121.00
  • Lot Size Acres: 0.1200

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 49163.00
  • Lot Size Area: 5121.0000 Square Feet
  • Net Operating Income: 39501.00
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Number With Refrigerator: 3

Range of Values:

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Average Value
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List Price
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 List to Sale Price per Sq Ft
03/25/2019 03/25/19 Sold $1,495,000 -21.3% $516 / Sq Ft
01/30/2019 01/30/19 Pending -- -- --
11/16/2018 11/16/18 For Sale $1,899,000 -- $655 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 180063797

California Regional Multiple Listing Service (CRMLS)