$725,000
SOLD MAR 23, 2022
3 Beds
2 Baths
1,350 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$537 Per Sq Ft

1% Below List Price

7 Days on Market

Highlights

  • 1-Story Property
  • Property is Fully Fenced
  • 4-minute walk to Teralta Park

About This Home

As of March 2022

Priced right. Great 2 on 1. House in front has a small room as optional 3rd bedroom plus a new construction garage. Fenced private yard. Front house also has 2020 plumbing, electrical, roof and windows. Detached cottage in rear is a 1/1 with carport and large yard. Feels like it's own house. Both are tenant occ. Shown with accepted offer. All property needs is a little landscaping.

Last Agent to Sell the Property

Robert Klaus

RBK Commercial License #01260892 Listed on: 02/08/2022

Last Buyer's Agent

Lin Li

Berkshire Hathaway HomeService License #02001468

Property Details

Home Type

  • Multi-Family

Year Built

  • 1955

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 1-Story Property
  • Property is Fully Fenced

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 454-753-28-00

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • City Heights Community

Building Details

  • Net Operating Income $28,200

Property Details

Home Type

Multi-Family

Year Built

1955

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Metro Uptown
  • Cross Street: Orange
  • Neighborhood: City Heights
  • Stories: 1 Story
  • Sale Price List Price: 0.99
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1955

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: City Heights
  • Community: CITY HEIGHTS

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 454-753-28-00

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 28200
  • Annual Expense Actual: 15000
  • Gross Rent Multiplier Actual: 17.0
  • Gross Rent Multiplier Projected: 14.5
  • Gross Sched Income Actual: 43200
  • Gross Sched Income Projected: 50400
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Dryers: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

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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
03/23/2022 03/23/22 Sold $725,000 -1.4% $537 / Sq Ft
02/16/2022 02/16/22 Pending -- -- --
02/08/2022 02/08/22 For Sale $735,000 +98.6% $544 / Sq Ft
05/10/2018 05/10/18 Sold $370,000 0.0% $255 / Sq Ft
05/10/2018 05/10/18 Pending -- -- --
05/10/2018 05/10/18 For Sale $370,000 -- $255 / 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: 220002762

San Diego MLS

APN: 454-753-28-00