NOT LISTED FOR SALE
5 Beds
2 Baths
1,530 Sq Ft
13,068 Sq Ft Lot

Last Sold December 07, 2020

Last sale price $720,000 $471 Per Sq Ft

25 Days on Market

Highlights

  • 0.3 Acre Lot
  • Property is Fully Fenced
  • 1-Story Property

About This Home

As of December 2020

Opportunity Zone. 2 renovated houses at the back of the lot with lots of land at the front for development. The zoning allows one unit for every 3,000 feet, so two more units. Consultant says if the new units have a shared wall you can also do 2 ADUs for a total of 6 units, including 2 existing. Quiet part of Logan, street dead ends to the East.. $250,000 was spent renovating houses 2 years ago. New stucco, roofs, kitchens, baths, refinished hardwood, etc look like new.

Last Agent to Sell the Property

David Andrews

Invest SD License #01248149 Listed on: 10/14/2020

Last Buyer's Agent

Sherry Chen

Compass License #02109149

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 0.3 Acre Lot
  • Property is Fully Fenced

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for water, electricity, gas/propane
  • Assessor Parcel Number 551-022-03-00

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Net Operating Income $39,880

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0.3 Acres

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: 40th
  • Neighborhood: Logan Heights
  • Stories: 1 Story
  • Sale Price List Price: 0.91
  • Total Stories: 1
  • Year Built: 1941
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 3
  • Prkng Non Garage Spac U2: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

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

Utilities

  • Sewer/Septic: Sewer Connected
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: LOGAN HEIGHTS

Lot Info

  • Lot Size: .25 to .5 AC
  • Assessor Parcel Number: 551-022-03-00
  • Land Use Code: RM-1
  • Estimated Lot Sq Ft: 12835
  • Estimated Number of Acres: 0.3

Rental Info

  • Tenant Pays: Water, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 39880
  • Gross Rent Multiplier Actual: 19.0
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
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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 Prior Sale
12/07/2020 12/07/20 Sold $720,000 -9.4% $471 / Sq Ft
11/09/2020 11/09/20 Pending -- -- --
10/14/2020 10/14/20 For Sale $795,000 +75.9% $520 / Sq Ft
01/04/2018 01/04/18 Sold $452,000 0.0% -- View Prior Sale
12/22/2017 12/22/17 Pending -- -- --
12/15/2017 12/15/17 For Sale $452,000 -- --
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 $9,419 $779,350 $541,216 $238,134
2024 $9,419 $764,069 $530,604 $233,465
2023 $9,211 $749,088 $520,200 $228,888
2022 $8,966 $734,400 $510,000 $224,400
2021 $8,905 $720,000 $500,000 $220,000
2020 $5,817 $470,260 $332,928 $137,332
2019 $5,713 $461,040 $326,400 $134,640
2018 $488 $38,734 $10,738 $27,996
2017 $476 $37,976 $10,528 $27,448
2016 $467 $37,232 $10,322 $26,910
2015 $461 $36,673 $10,167 $26,506
2014 $455 $35,955 $9,968 $25,987
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 200048530

San Diego MLS

APN: 551-022-03-00

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