NOT LISTED FOR SALE

4271-73 Landis St San Diego, CA 92105

Castle Neighborhood
3 Beds
3 Baths
1,592 Sq Ft
1939 Built

Last Sold June 18, 2021

Last sale price $650,000 $408 Per Sq Ft

42 Days on Market

About This Home

As of June 2021

Pleased to present for sale this value add triplex located in the City Heights submarket of San Diego. The property is situated and accessed via the alley behind another Landis Ave property. It features (3) 1BR/1BA apartments, two single car garages, gated entry to the upstairs units, and a small courtyard for storage or BBQ. A huge bonus is all tenants pay utility reimbursements and their own SDGE, significantly reducing expenses to the owner. The seller has renovated all units to varying but tasteful degrees going back to 2017. Other upgrades throughout will be enjoyed, like 3 new water heaters, for example. Through exterior renovation and some lighter interior upgrades, there is roughly 25% upside in rental income. The possibility also exists to convert one garage into an ADU. All tenants are month to month. Seller plans to 1031 exchange.

Last Agent to Sell the Property

Florian Sighe

The Browar Group License #02072593 Listed on: 04/14/2021

Last Buyer's Agent

Thomas North

North Properties License #01481287

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 1,996 Sq Ft Lot
  • Gated Home

Home Design

  • Rolled or Hot Mop Roof

Interior Spaces

  • 2-Story Property

Listing and Financial Details

  • Tenant pays for electricity, gas/propane, hot water
  • Assessor Parcel Number 471-731-04-00

Community Details

Overview

  • 3 Units
  • City Heights Community

Building Details

  • Net Operating Income $23,853

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Van Dyke
  • Neighborhood: City Heights
  • Stories: 2 Story
  • Sale Price List Price: 1.0
  • Total Stories: 2
  • Year Built: 1939
  • 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: Wood/Stucco
  • Fencing: Gate
  • Roof: Rolled/Hot Mop

Condo/Co-op/Association

  • Complex Name: City Heights
  • Community: CITY HEIGHTS

Lot Info

  • Lot Size: 1-3,999 SF
  • Assessor Parcel Number: 471-731-04-00
  • Estimated Lot Sq Ft: 1996

Rental Info

  • Tenant Pays: Electricity, Gas/Propane, Hot Water

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 23853
  • Annual Expense Actual: 14478
  • Gross Rent Multiplier Actual: 16.4
  • Gross Rent Multiplier Projected: 12.6
  • Gross Sched Income Actual: 37500
  • Gross Sched Income Projected: 51600
  • Number Of Buildings: 1
  • Number Of Units With Garage: 2
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Other Income Actual: 2016

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
06/18/2021 06/18/21 Sold $650,000 0.0% $408 / Sq Ft
05/27/2021 05/27/21 Pending -- -- --
05/26/2021 05/26/21 For Sale $650,000 0.0% $408 / Sq Ft
04/29/2021 04/29/21 Pending -- -- --
04/14/2021 04/14/21 For Sale $650,000 -- $408 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Florian Sighe

    Seller's Agent in 2021

    Florian Sighe

    The Browar Group

    (619) 894-3030

    2 in this area

    50 Total Sales

    Florian Sighe
    Section Image
  • Thomas North

    Buyer's Agent in 2021

    Thomas North

    North Properties

    (619) 778-5198

    1 in this area

    121 Total Sales

    Thomas North
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 210009618

San Diego MLS
California San Diego County San Diego 92105 Castle

4271-73 Landis St, San Diego, CA

This home is located at 4271-73 Landis St, San Diego, CA 92105 since 14 April 2021. This property was built in 1939. 4271-73 Landis St is a home located in San Diego County with nearby schools including Joyner Elementary School, Clark Middle School, and Herbert Hoover High School.

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