NOT LISTED FOR SALE
1 Bed
9 Baths
3,550 Sq Ft
5,663 Sq Ft Lot

Last Sold September 06, 2024

Last sale price $3,000,000 $845 Per Sq Ft

47 Days on Market

Highlights

  • Community Barbecue Grill
  • Crown Point Junior Music Academy Rated A-
  • 5 Car Garage

About This Home

As of September 2024

9-Units in Pacific Beach (Crown Point) • Across the Street from Mission Bay • Optional Loan Assumption Available (3.18% Int. Rate, $960K Loan Balance, Until Dec 2026) • Extremely Well-Maintained Property • 7 of 9 Units Remodeled Last Several Years • One (1) Single-Car, One (1) Double-Car Garage + (2) Two Spaces • 1 and Likely 2 Units Delivered Vacant at Closing

Last Agent to Sell the Property

James V. Carter

Apartment Realty Group (ARG) License #01352336 Listed on: 12/14/2023

Last Buyer's Agent

Darragh Rafferty

The Browar Group License #02001065

Property Details

Home Type

  • Multi-Family

Lot Details

  • 5,673

Home Design

  • Composition Roof

Interior Spaces

  • 1 Bedroom
  • 3,550 Sq Ft Home
  • 2-Story Property

Parking

  • 5 Car Garage
  • Parking Available

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Additional Features

  • 5,673 Sq Ft Lot
  • Number of ADU Units: 1

Listing and Financial Details

  • Total Actual Rent $15,985

Community Details

Building Details

  • 9 Leased Units
  • Operating Expense $71,320

Additional Features

  • 9 Units
  • Community Barbecue Grill

Property Details

Home Type

Multi-Family

Lot Details

5,673 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Unit Levels: 2 Story
  • Property Sub Type: Com-Res Income
  • Community Features: BBQ, Other/Remarks
  • CapRate: 3.4
  • Co List Office Mls Id: 60078
  • Living Area: 3550.0
  • Structure Type: Apartment
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-07-01T07:35:39Z
  • FullAddress: 3976 Morrell St
  • NumofLeasedApartments: 9
  • ShortSale: No
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 1
  • Flooring: Slab

Exterior Features

  • Roof: Composition
  • Construction Type: Remarks

Garage/Parking

  • Parking Features: Garages, Spaces
  • Total Parking Spaces: 5.0

Utilities

  • Cooling: Wall/Window
  • Heating: Wall
  • Laundry Features: Leased

Lot Info

  • Zoning: RM-1-1
  • Lot Size Sq Ft: 5673.0

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 9
  • Annual Operating Expense: 71320.0
  • Total Actual Rent: 15985.0
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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
09/06/2024 09/06/24 Sold $3,000,000 -11.8% $845 / Sq Ft
01/31/2024 01/31/24 Pending -- -- --
12/14/2023 12/14/23 For Sale $3,400,000 -- $958 / Sq Ft
Source: San Diego MLS

Tax History

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
2025 $18,037 $3,000,000 $2,600,000 $400,000
2024 $18,037 $1,463,599 $1,045,431 $418,168
2023 $17,636 $1,434,902 $1,024,933 $409,969
2022 $17,166 $1,406,768 $1,004,837 $401,931
2021 $17,049 $1,379,185 $985,135 $394,050
2020 $16,842 $1,365,044 $975,034 $390,010
2019 $16,542 $1,338,279 $955,916 $382,363
2018 $15,464 $1,312,039 $937,173 $374,866
2017 $15,096 $1,286,314 $918,798 $367,516
2016 $14,852 $1,261,093 $900,783 $360,310
2015 $7,028 $594,733 $249,959 $344,774
2014 $6,920 $583,084 $245,063 $338,021
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 230023987

San Diego MLS

APN: 424-503-04-00

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