NOT LISTED FOR SALE
8 Beds
4 Baths
3,224 Sq Ft
7,000 Sq Ft Lot

Last Sold April 05, 2022

Last sale price $1,500,000 $465 Per Sq Ft

Highlights

  • Boat Facilities
  • Gated Parking
  • City Lights View
  • RV Parking in Community
  • Gated Community
  • 7,000 Sq Ft lot

About This Home

As of April 2022

Great investment opportunity, rarely on the market. All 4 UNITS have been upgraded, one block from North Park (Cherokee Point). This centrally located property comprised of 4 two (2) bedroom, one (1) bath units with onsite laundry and storage, has potential for rent increases. Tenants are all in one-year leases with only one receiving COVID support. Each unit on separate electric meters with separate master electric meter for outside lighting, laundry and security cameras. 54x139 lot with gated alley access provides plenty of parking. Close to eateries, banks, freeways, gas stations and stores. All new cabinets, SS appliances, flooring, AC units (tenant owned), washer/dryer in shared laundry room bringing in $75 to $100 per month.

Last Agent to Sell the Property

Lucreatria Holloway

Joe Carta Realty License #02040346 Listed on: 03/03/2022

Co-Listed By

Joe Carta

Joe Carta Realty License #00744190

Last Buyer's Agent

Jake May

The Jake May Team, Inc. License #01292626

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1943

Lot Details

  • 7,000 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot

Home Design

  • Composition Roof

Interior Spaces

  • 2-Story Property
  • City Lights Views

Parking

  • Alley Access
  • Gated Parking

Outdoor Features

  • Boat Facilities

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 447-421-21-00

Community Details

Overview

  • 4 Units
  • 4 Plex Community
  • RV Parking in Community

Pet Policy

  • Pet Restriction

Additional Features

  • Laundry Facilities
  • Net Operating Income $84,000
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: University Ave.
  • Neighborhood: City Heights
  • Stories: 2 Story
  • Sale Price List Price: 1.08
  • Total Stories: 2
  • Year Built: 1943
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Boat Facilities: Yes
  • Exterior Material: Wood/Stucco
  • Fencing: Full
  • Roof: Composition
  • View: City, Evening Lights

Garage/Parking

  • Parking for RV: Gated

Utilities

  • Cooling: Wall/Window
  • Security: Gated Community
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: 4 plex
  • Community: CITY HEIGHTS
  • Complex Features: Gated Community, Laundry Facilities, Pet Restrictions, RV/Boat Parking
  • Manager Name: Lucreatria Holloway
  • Manager Phone: 619-726-5182

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Public Street, Sidewalks, Street Paved
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Assessor Parcel Number: 447-421-21-00
  • Estimated Lot Dimensions: 140x50
  • Estimated Lot Sq Ft: 7000
  • Water District URL: http://www.ci.san-diego.ca.us/water

Rental Info

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

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 84000
  • Annual Expense Actual: 24000
  • Gross Rent Multiplier Actual: 16.0
  • Gross Sched Income Actual: 84000
  • Gross Sched Income Projected: 84000
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 4
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Other Income Actual: 1200
  • Other Income Projected: 1800.0

Range of Values:

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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
04/05/2022 04/05/22 Sold $1,500,000 +7.5% $465 / Sq Ft
03/03/2022 03/03/22 Pending -- -- --
03/03/2022 03/03/22 For Sale $1,395,000 -- $433 / 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: 220004841

San Diego MLS

APN: 447-421-21-00