NOT LISTED FOR SALE

4045 47th St San Diego, CA 92105

Teralta East Neighborhood
1 Bed
2 Baths
2,759 Sq Ft
3,123 Sq Ft Lot

Last Sold June 14, 2022

Last sale price $1,150,000 $417 Per Sq Ft

77 Days on Market

About This Home

As of June 2022

Property is a 4+2 units and is to be sold as is. Title states the building is a 5 unit apartment, Seller states it is a 4+2 unit property totaling 6 units all with individual doors. Property offers a new roof completed 2 years ago, recent new paint job with some of the units have been upgraded to include granite counter tops, new cabinets and vinyl wood flooring. The property was constructed in 1985 and offers approximately 20% upside in rents, stabilizing at a 5.76%. CAP rate.

Last Agent to Sell the Property

Randall Mycorn

R L M Equities License #02078223 Listed on: 02/18/2022

Last Buyer's Agent

Terry Moore

Apartment Consultants Incorporated License #00918512

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 3,123 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 2,759 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Legal Lot and Block 13 / 20
  • Tax Tract Number 1035
  • Assessor Parcel Number 4714921000
  • $41 per year additional tax assessments

Community Details

Overview

  • 6 Units
  • City Heights Subdivision

Building Details

  • 5 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $600
  • Insurance Expense $1,100
  • Water Sewer Expense $2,400
  • New Taxes Expense $14,827
  • Operating Expense $25,177
  • Gross Income $77,400
  • Net Operating Income $53,831

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Other Phone Description: 949-290-0199
  • Price Per Unit: 200000
  • Property Attached: Yes
  • Subdivision Name Other: City Heights
  • View: No
  • Water Sewer Expenses: 2400.00
  • Zoning: R4
  • Property Type: Residential Income
  • Parcel Number: 4714921000
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 416.82

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Available
  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3123.00
  • Lot Size Acres: 0.0717

Multi Family

  • Average1 Bed Area: 575 Square Feet
  • Average Studio Area: 325 Square Feet
  • Electric Expense: 600.00
  • Gross Income: 77400.00
  • Gross Operating Income: 75078.00
  • Gross Scheduled Income: 81192.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 3123.0000 Square Feet
  • Net Operating Income: 53831.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 24925.00
  • Rent Control: No
  • Total Expenses: 25177.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 14827.00
  • Tax Block: 20
  • Tax Census Tract: 23.02
  • Tax Lot: 13
  • Tax Tract Number: 1035
  • TaxOtherAnnualAssessmentAmount: 41.00

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 Change Sq Ft Price
06/14/2022 06/14/22 Sold $1,150,000 -4.2% $417 / Sq Ft
05/06/2022 05/06/22 Pending -- -- --
02/18/2022 02/18/22 For Sale $1,200,000 -- $435 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Randall Mycorn

    Seller's Agent in 2022

    Randall Mycorn

    R L M Equities

    (949) 862-1020

    1 in this area

    30 Total Sales

    Randall Mycorn
    Section Image
  • Terry Moore

    Buyer's Agent in 2022

    Terry Moore

    Apartment Consultants Incorporated

    (619) 889-1031

    1 in this area

    58 Total Sales

    Terry Moore
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP22032624

California Regional Multiple Listing Service (CRMLS)

APN: 471-492-10-00

California San Diego County San Diego 92105 Teralta East

4045 47th St, San Diego, CA

This home is located at 4045 47th St, San Diego, CA 92105 since 18 February 2022. This property was built in 1985. 4045 47th St is a home located in San Diego County with nearby schools including Euclid Elementary School, Mann Middle School, and Crawford High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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