NOT LISTED FOR SALE

4232-34 Adams Ave San Diego, CA 92116

Kensington Neighborhood
4 Beds
4 Baths
2,635 Sq Ft
1940 Built

Last Sold June 14, 2023

Last sale price $1,800,000 $683 Per Sq Ft

40 Days on Market

Highlights

  • Partially Fenced Property
  • Lewis Middle School Rated A-
  • 4-minute walk to Kensington Mini Park

About This Home

As of June 2023

Location location location! 4232-34 Adams Avenue is a mixed use property featuring three residential units and an office/flex space. The property is zoned CN-1-3 AND RS-1-7 and fall within the Complete Communities Housing Overlay (Tier 3- 6.5 FAR). There are multiple exit strategies for a new owner and inventory in Kensington is always scarce! A full feasibility study has been done on the property, so if you have questions about what can be built, please reach out to the listing agents. Don't miss out on this unique opportunity!

Last Agent to Sell the Property

Benjamin Price

McKee Properties License #02113264 Listed on: 03/07/2023

Co-Listed By

Thomas McCartin

Marcus & Millichap License #01427348

Last Buyer's Agent

Addie Jacobs

Rise Realty License #02058045

Rise Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Home Design

  • Stucco Exterior

Additional Features

  • 2-Story Property
  • Partially Fenced Property
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for water, electricity, gas/propane
  • Assessor Parcel Number 465-342-03-00

Community Details

Overview

  • 3 Buildings
  • 4 Units

Pet Policy

  • Breed Restrictions

Building Details

  • Net Operating Income $60,141

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Biona Dr
  • Neighborhood: Kensington
  • Stories: 2 Story
  • Sale Price List Price: 0.9
  • Total Stories: 2
  • Year Built: 1940
  • 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
  • Prkng Non Garage Spac U3: 1
  • Prkng Non Garage Spac U4: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial

Utilities

  • Cooling: Wall/Window

Condo/Co-op/Association

  • Pets Allowed: Allowed w/Restrictions
  • Community: KENSINGTON

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Zoning: CN-1-3
  • Additional Property Use: ORMKS
  • Assessor Parcel Number: 465-342-03-00

Rental Info

  • Tenant Pays: Water, Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 60141
  • Annual Expense Actual: 38799
  • Gross Rent Multiplier Actual: 19.61
  • Gross Sched Income Actual: 102000
  • Number Of Buildings: 3
  • Number Of Units With Cooling: 3
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3

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
06/14/2023 06/14/23 Sold $1,800,000 -10.0% $683 / Sq Ft
04/17/2023 04/17/23 Pending -- -- --
03/07/2023 03/07/23 For Sale $2,000,000 -- $759 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Benjamin Price

    Seller's Agent in 2023

    Benjamin Price

    McKee Properties

    (858) 373-3169

    1 in this area

    7 Total Sales

    Benjamin Price
    Section Image
  • Thomas McCartin

    Seller Co-Listing Agent in 2023

    Thomas McCartin

    Marcus & Millichap

    (858) 362-9376

    1 in this area

    34 Total Sales

    Thomas McCartin
    Section Image
  • Addie Jacobs

    Buyer's Agent in 2023

    Addie Jacobs

    Rise Realty

    (619) 818-6976

    2 in this area

    56 Total Sales

    Addie Jacobs
    Section Image
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Map

Source: San Diego MLS

MLS Number: 230004333

San Diego MLS

California San Diego County San Diego 92116 Kensington

4232-34 Adams Ave, San Diego, CA

This home is located at 4232-34 Adams Ave, San Diego, CA 92116 since 07 March 2023. This property was built in 1940. 4232-34 Adams Ave is a home located in San Diego County with nearby schools including Franklin Elementary School, Wilson Middle School, and Lewis Middle School.

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