NOT LISTED FOR SALE

4059-65 Wilson Ave San Diego, CA 92104

Corridor Neighborhood
8 Beds
4 Baths
3,200 Sq Ft
1944 Built

Last Sold July 15, 2016

Last sale price $850,000 $266 Per Sq Ft

17 Days on Market

Highlights

  • RV Access or Parking
  • Community Barbecue Grill
  • Partially Fenced Property

About This Home

As of July 2016

The Wilson Avenue 4-Plex; a well maintained property situated in North Park and comprised of all large 2Bed/1Bath units. Unit amenities include newer windows and upgraded kitchens while common area amenities include a lush garden environment in the front and side in addition to gated entry, a large common area backyard, on-site parking in the rear and a detached laundry room for resident convenience. (See Supplement Below) Average rents are $1163 which is below market for a 2Bed/1Bath of this size in North Park. Each unit has an individual hot water heater, separate meter for gas & electricity and a functional floorplan popular to tenants. The Wilson Avenue 4-Plex is an ideal investment for the prudent investor who desires a well-cared for property in North Park while taking advantage of immediate cashflow upside through proactive and hands on MGMT.

Last Agent to Sell the Property

Chris Robinson

Mango Tree Real Estate Corp. License #02227825 Listed on: 04/26/2016

Last Buyer's Agent

Jason LaMell

Improve Realty License #01861043

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 6,909 Sq Ft Lot
  • Partially Fenced Property
  • Sprinkler System

Parking

  • RV Access or Parking

Home Design

  • Composition Roof

Interior Spaces

  • 2-Story Property

Utilities

  • Gravity Heating System
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 447-402-08-00

Community Details

Overview

  • 4 Units
  • North Park Community

Recreation

  • Recreational Area

Additional Features

  • Community Barbecue Grill
  • Net Operating Income $36,728

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: University Avenue
  • Neighborhood: North Park
  • Supplement: Average rents are $1163 which is below market for a 2Bed/1Bath of this size in North Park. Each unit has an individual hot water heater, separate meter for gas & electricity and a functional floorplan popular to tenants. The Wilson Avenue 4-Plex is an ideal investment for the prudent investor who desires a well-cared for property in North Park while taking advantage of immediate cashflow upside through proactive and hands on MGMT.
  • LP / Sq Ft: 19.25
  • Stories: 2 Story
  • Sale Price List Price: 0.97
  • Total Stories: 2
  • Year Built: 1944
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Partial
  • Roof: Composition

Garage/Parking

  • Parking for RV: On-Site Parking

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: North Park
  • Community: NORTH PARK
  • Complex Features: BBQ, Recreation Area

Lot Info

  • Irrigation: Manual, Sprinklers
  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 447-402-08-00
  • Estimated Lot Sq Ft: 6909

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 36728
  • Annual Expense Actual: 19798
  • Annual Expense Projected: 19798
  • Gross Rent Multiplier Actual: 15.68
  • Gross Rent Multiplier Projected: 13.5
  • Gross Sched Income Actual: 55800
  • Gross Sched Income Projected: 64800
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Other Income Actual: 2400
  • Other Income Projected: 2400.0

Range of Values:

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List Price
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
07/15/2016 07/15/16 Sold $850,000 -2.9% $266 / Sq Ft
05/13/2016 05/13/16 Pending -- -- --
04/26/2016 04/26/16 For Sale $875,000 -- $273 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Chris Robinson

    Seller's Agent in 2016

    Chris Robinson

    Mango Tree Real Estate Corp.

    (619) 255-3222

    12 Total Sales

    Chris Robinson
    Section Image
  • Jason LaMell

    Buyer's Agent in 2016

    Jason LaMell

    Improve Realty

    (619) 300-5697

    65 Total Sales

    Jason LaMell
    Section Image
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Map

Source: San Diego MLS

MLS Number: 160022317

San Diego MLS
California San Diego County San Diego 92104 Corridor

4059-65 Wilson Ave, San Diego, CA

This home is located at 4059-65 Wilson Ave, San Diego, CA 92104 since 26 April 2016. This property was built in 1944. 4059-65 Wilson Ave is a home located in San Diego County with nearby schools including Edison Elementary School, Wilson Middle School, and Herbert Hoover High School.

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