NOT LISTED FOR SALE
7 Beds
5 Baths
3,271 Sq Ft
6,390 Sq Ft Lot

Last Sold July 23, 2024

Last sale price $1,837,500 $562 Per Sq Ft

53 Days on Market

Highlights

  • Bay View
  • Partially Fenced Property
  • Wood Siding
  • Richard Henry Dana Middle School Rated A-
  • Level Lot
  • West of 5 Freeway

About This Home

As of July 2024

4 Unit Property on the border of Point Loma and Ocean Beach, with views towards Mission Bay and Seaworld. The property currently consists of 2 buildings, and a total of 4 units. This is an excellent opportunity for an investor or developer looking to renovate and/or rebuild, and maximize the income potential of this property. This site is located within a Transit Priority Area and is part of the city-wide density incentive program Complete Housing Community Solution, which will allow approximately 12,412 sqft of building space with the Coastal Overlay. (Full report can be provided upon request.) The front building consists of a 3 bed, 2 bath and a 2 bed, 1 bath. Total sqft is approximately 2,243 sqft + a 200 sqft garage. The back building consists of two 1 bed, 1 bath units, totaling 1,028 sqft + 528 sqft of garage space. One 1-car garage has been converted to an additional bedroom. Three units are currently occupied by long-term tenants. The property is located within 2 miles of the Pacific Ocean and steps to restaurants and shopping on the rapidly improving Voltaire Street corridor. Additionally, there is great ingress and egress to the 8 freeway, giving residents easy access to everything else San Diego has to offer.

Last Agent to Sell the Property

Glen Henderson

LPT Realty,Inc License #01384181 Listed on: 10/18/2023

LPT Realty,Inc

Last Buyer's Agent

Glen Henderson

LPT Realty, Inc License #01384181

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 6,390 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Parking

  • Alley Access

Property Views

  • Bay
  • City Lights

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Schools

  • San Diego Unified School District High School

Utilities

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

Additional Features

  • 2-Story Property
  • West of 5 Freeway

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 449-251-14-00

Community Details

Overview

  • 2 Buildings
  • 4 Units

Pet Policy

  • Pet Restriction

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Catalina Blvd
  • Neighborhood: Point Loma Heights
  • Supplement: The front building consists of a 3 bed, 2 bath and a 2 bed, 1 bath. Total sqft is approximately 2,243 sqft + a 200 sqft garage. The back building consists of two 1 bed, 1 bath units, totaling 1,028 sqft + 528 sqft of garage space. One 1-car garage has been converted to an additional bedroom. Three units are currently occupied by long-term tenants. The property is located within 2 miles of the Pacific Ocean and steps to restaurants and shopping on the rapidly improving Voltaire Street corridor. Additionally, there is great ingress and egress to the 8 freeway, giving residents easy access to everything else San Diego has to offer.
  • Stories: 2 Story
  • Sale Price List Price: 0.92
  • Total Stories: 2
  • Year Built: 1947
  • 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
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Boat Facilities: No/Unknown
  • Exterior Material: Stucco, Wood
  • Fencing: Partial
  • Roof: Composition
  • View: Bay, City, Evening Lights

Utilities

  • Cooling: Wall/Window
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial)
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Pets Allowed: Allowed w/Restrictions
  • Community: POINT LOMA

Schools

  • School District URL: https://www.sandiegounified.org/
  • High School: San Diego Unified School District

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Public Street, West of I-5
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: R-4:MULTIP
  • Assessor Parcel Number: 449-251-14-00
  • Estimated Lot Sq Ft: 6390
  • Estimated Number of Acres: 0.15
  • Map Code Column: B
  • Map Code Page: 1268
  • Map Code Row: 6

Rental Info

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

Multi Family

  • No. of Units: 4
  • Gross Rent Multiplier Actual: 31.77
  • Gross Rent Multiplier Projected: 21.48
  • Gross Sched Income Actual: 62640
  • Gross Sched Income Projected: 92640
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Dryers: 4
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 4

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 List to Sale Price per Sq Ft
07/23/2024 07/23/24 Sold $1,837,500 -7.7% $562 / Sq Ft
12/11/2023 12/11/23 Pending -- -- --
10/18/2023 10/18/23 For Sale $1,989,900 -- $608 / 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: 230020556

San Diego MLS