NOT LISTED FOR SALE
8 Beds
4 Baths
4,144 Sq Ft
6,534 Sq Ft Lot

Last Sold December 23, 2015

Last sale price $689,000 $166 Per Sq Ft

15 Days on Market

About This Home

As of December 2015

Want great cash flow with a superior unit mix? How about views of the Coronado Bridge from the second story? This fourplex consists of huge two bedroom units on a large 6,599 sq.ft. lot with an open yard on the back of the property. Three years ago the owner restuccoed and added vinyl windows. There have been NO move outs in three years. The area has high home ownership. This property is located close to Lincoln High School, Walter J Porter Elementary School, and John F. Kennedy Park.

Last Agent to Sell the Property

Terry Moore

ACI Apartments License #00918512 Listed on: 11/04/2015

Co-Listed By

Kiley Berlinski

Kiley E. Berlinski License #01962341

Last Buyer's Agent

Carole Waldchen

Berkshire Hathaway HomeServices California Properties License #01414309

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 6,534

Home Design

  • Stucco Exterior

Additional Features

  • 2-Story Property
  • Partially Fenced Property

Community Details

  • 4 Units
  • Net Operating Income $33,604

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 547-512-12-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: Gloria & Franklin Ave.
  • Neighborhood: Logan Heights
  • LP / Sq Ft: 16.54
  • Stories: 2 Story
  • Sale Price List Price: 1.0
  • Total Stories: 2
  • Year Built: 1920
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial

Condo/Co-op/Association

  • Community: LOGAN HEIGHTS

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Additional Property Use: ORMKS
  • Assessor Parcel Number: 547-512-12-00
  • Land Use Code: 2

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 33604
  • Annual Expense Actual: 17085
  • Gross Rent Multiplier Actual: 13.0
  • Gross Rent Multiplier Projected: 11.3
  • Gross Sched Income Actual: 52800
  • Gross Sched Income Projected: 61200
  • Number Of Buildings: 1
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4

Range of Values:

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Average Value
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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
12/23/2015 12/23/15 Sold $689,000 0.0% $166 / Sq Ft
11/17/2015 11/17/15 Pending -- -- --
11/02/2015 11/02/15 For Sale $689,000 +60.2% $166 / Sq Ft
05/04/2012 05/04/12 Sold $430,000 -2.1% $108 / Sq Ft
03/22/2012 03/22/12 Pending -- -- --
03/05/2012 03/05/12 For Sale $439,000 -- $110 / 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: 150059248

San Diego MLS

APN: 547-512-12-00