NOT LISTED FOR SALE
7 Beds
4 Baths
2,600 Sq Ft
7,140 Sq Ft Lot

Last Sold January 13, 2022

Last sale price $1,750,000 $673 Per Sq Ft

112 Days on Market

Highlights

  • RV Access or Parking
  • Gated Parking
  • 7,140 Sq Ft lot
  • RV Parking in Community
  • Gated Community
  • Laundry Facilities

About This Home

As of January 2022

Rehabbed 4 unit situated in North Park. This centrally located property comprised of 3...2-1's and a 1-1 that has great stabilized rents with some potential for more upside. Tenants are all in one year leases with no COVID deferments. One garage brings in 100.00 a month while the other garage is included in 4052 units rent. Coin laundry brings in an additional 100-150 a month. Detached 2 -1 home on the property with alley access. Each unit on separate electric meters. Close to eateries..banks...freeways...gas stations and stores. All new: cabinets, windows, water heaters, counters, appliances, flooring, new driveway, bathroom tile, heaters, AC units.

Last Agent to Sell the Property

Brian Duarte

Millennial Realty Group License #01468181 Listed on: 09/07/2021

Last Buyer's Agent

John Georges

American Mortgage and Loan License #01133875

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 7,140 Sq Ft Lot
  • Gated Home
  • Property is Fully Fenced
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Parking

  • Alley Access
  • Gated Parking
  • RV Access or Parking

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 447-402-25-00

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • North Park Community
  • RV Parking in Community

Pet Policy

  • Breed Restrictions

Additional Features

  • Laundry Facilities
  • Net Operating Income $91,560
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: University
  • Neighborhood: North Park
  • LP / Sq Ft: 16.44
  • Stories: 2 Story
  • Sale Price List Price: 1.03
  • Total Stories: 2
  • Year Built: 1950
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 6
  • Prkng Non Garage Spac U2: 3
  • 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

Garage/Parking

  • Parking for RV: Gated, On-Site Parking, Potential Space

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: North Park
  • Pets Allowed: Allowed w/Restrictions
  • Community: NORTH PARK
  • Complex Features: Gated Community, Laundry Facilities, RV/Boat Parking

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: 447-402-25-00
  • Estimated Lot Sq Ft: 7140
  • 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: 91560
  • Annual Expense Actual: 3600
  • Annual Expense Projected: 3600
  • Gross Rent Multiplier Actual: 214.0
  • Gross Rent Multiplier Projected: 190.0
  • Gross Sched Income Actual: 7930
  • Gross Sched Income Projected: 8910
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 3
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Garage: 2
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Other Income Actual: 100
  • Other Income Projected: 100.0

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
01/13/2022 01/13/22 Sold $1,750,000 +3.0% $673 / Sq Ft
12/29/2021 12/29/21 Pending -- -- --
09/07/2021 09/07/21 For Sale $1,699,000 -- $653 / 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: 210025474

San Diego MLS

APN: 447-402-25-00