NOT LISTED FOR SALE
4 Beds
4 Baths
2,053 Sq Ft
6,379 Sq Ft Lot

Last Sold November 01, 2018

Last sale price $790,000 $385 Per Sq Ft

2 Days on Market

Highlights

  • Gated Community
  • Gated Home
  • Level Lot
  • Laundry Facilities
  • Multiple Phone Lines
  • Wood Siding

About This Home

As of November 2018

*1st time advertised* 7.1 cap rate *100% occupied 4 unit cottage complex *8 parking spots + 2 car garage *4 different street addresses *Central & high demand area *Street & alley access *4 electric meters & 4 gas meters *Near freeway 8, 15, 805 & 94 *No smelly carpet only tiles, hardwood floor & laminate. ***1st time advertised *** 7.1 cap rate ***Have an easy continuous income with this low-maintenance cottage complex ***Since the cottage are separate from each other, it gives extra privacy to the tenants, & helps to have higher paying tenants for a long time ***The extra privacy between tenants reduces potential tenant conflicts ***Each of the 4 units are 1 bedroom with separate kitchen and bathroom ***High demand rental area & units have always been full since purchased 6 years ago ***Monthly rent income of $5,104 ***The seller pays monthly $145 for water, $83 for insurance & $491 for property tax ***1 of units has private washer & dryer & there is a common laundry for the other 3 units in the complex***Never had any police report, forced entry, etc. ***There is a security gate in the front & alley

Last Agent to Sell the Property

Robert Nourani

Balboa Real Estate Inc License #01350632 Listed on: 09/07/2018

Last Buyer's Agent

Teresa Johnson

Premiere Properties License #02001335

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 6,379 Sq Ft Lot
  • Gated Home
  • Property is Fully Fenced
  • Level Lot

Parking

  • Alley Access

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater
  • Multiple Phone Lines
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane, hot water
  • Assessor Parcel Number 471-512-12-00

Community Details

Overview

  • 3 Buildings
  • 4 Units

Pet Policy

  • Breed Restrictions

Additional Features

  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: University Ave
  • Neighborhood: Fairmount
  • Supplement: ***1st time advertised *** 7.1 cap rate ***Have an easy continuous income with this low-maintenance cottage complex ***Since the cottage are separate from each other, it gives extra privacy to the tenants, & helps to have higher paying tenants for a long time ***The extra privacy between tenants reduces potential tenant conflicts ***Each of the 4 units are 1 bedroom with separate kitchen and bathroom ***High demand rental area & units have always been full since purchased 6 years ago ***Monthly rent income of $5,104 ***The seller pays monthly $145 for water, $83 for insurance & $491 for property tax ***1 of units has private washer & dryer & there is a common laundry for the other 3 units in the complex***Never had any police report, forced entry, etc. ***There is a security gate in the front & alley
  • Stories: 2 Story
  • Sale Price List Price: 0.99
  • Total Stories: 2
  • Year Built: 1945
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Prkng Non Garage Spac U3: 1
  • Prkng Non Garage Spac U4: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco, Wood
  • Fencing: Full, Gate
  • Roof: Composition

Utilities

  • Security: Gated Community
  • Sewer/Septic: Sewer Connected
  • Water: Available, Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial), Multiple Phones
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Pets Allowed: No Pets Allowed
  • Community: CITY HEIGHTS
  • Complex Features: Laundry Facilities, Pet Restrictions

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Sidewalks, Street Paved
  • Topography: Level
  • Assessor Parcel Number: 471-512-12-00
  • Land Use Code: 4
  • Estimated Lot Dimensions: 48 X131
  • Estimated Lot Sq Ft: 6379
  • Estimated Number of Acres: 0.15
  • Map Code Column: A
  • Map Code Page: 1270
  • Map Code Row: 5

Rental Info

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

Multi Family

  • No. of Units: 4
  • Annual Expense Actual: 8628
  • Gross Sched Income Actual: 62328
  • Number Of Buildings: 3
  • Number Of Units With Dryers: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 1

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
11/01/2018 11/01/18 Sold $790,000 -1.1% $385 / Sq Ft
09/10/2018 09/10/18 Pending -- -- --
09/07/2018 09/07/18 For Sale $799,000 -- $389 / 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: 180050362

San Diego MLS