NOT LISTED FOR SALE
2 Beds
2 Baths
920 Sq Ft
2,178 Sq Ft Lot

Last Sold July 22, 2021

Last sale price $1,085,000 $1,179 Per Sq Ft

11 Days on Market

Highlights

  • 1-Story Property
  • Partially Fenced Property
  • West of 5 Freeway
  • Crown Point Junior Music Academy Rated A-

About This Home

As of July 2021

See the 17-page offering memorandum attached to this listing. This is an attractive and well-located duplex tucked into a desirable residential neighborhood on the north side of Sail Bay. The location is within four blocks of Fanuel Street park on Sail Bay and seven blocks from the ocean. It is close enough for an enjoyable walk to both the beach and bay, and is ideally just far enough away to avoid the congestion of summer beach parking and attendant commotion. The duplex is ideally situated 11⁄2 blocks south of the Grand Avenue commercial corridor and the Garnet Avenue commercial district is just two blocks further north. This location is rated “Very Walkable, most errands can be accomplished on foot.” The property is located within a City of San Diego Transit Priority Area. The duplex and two-car garage are sited on the lot so as to provide privacy in the low-maintenance back yard. The small yard features a shade tree and an attractive covered patio with a built-in, wrap-around bench. The unit on the south side is in fairly original condition, the northerly unit features some kitchen upgrades and newer tile shower enclosure. Both units have upgraded, durable hard-surface flooring. The two-car garage and attractive, low-maintenance front yard add to the desirability of this ideal, beach-oriented investment opportunity. Buyer to cooperate in seller's 1031 exchange at no cost, delay or liability to buyer. As a disclosure only: Seller is a CA licensed RE broker.

Last Agent to Sell the Property

Robert Vallera CCIM

Vallera Investment Properties License #00818308 Listed on: 04/15/2021

Last Buyer's Agent

Sarah Scott

Compass License #01493056

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 2,600 Sq Ft Lot
  • Lot Dimensions are 52 x 50
  • Partially Fenced Property

Parking

  • Alley Access

Home Design

  • Composition Roof
  • Stucco

Interior Spaces

  • 2 Bedrooms
  • 920 Sq Ft Home
  • 1-Story Property

Location

  • West of 5 Freeway

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas/propane

Community Details

Overview

  • 2 Units
  • Pacific Beach Subdivision

Pet Policy

  • Pets allowed on a case-by-case basis

Building Details

  • Operating Expense $19,483

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

2,600 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1952
  • Unit Levels: 1 Story
  • Property Sub Type: Res Income 2-4 Units
  • Lot Size: 52 x 50
  • Security Features: N/K
  • CapRate: 2.0
  • Co List Office Mls Id: 60142
  • Subdivision Name: PACIFIC BEACH
  • BuildingName: n/a
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-08-13T11:42:11Z
  • AgeRestrictions: N/K
  • FullAddress: 4274-76 Gresham St
  • ShortSale: No
  • Site: Alley Access, Curbs, Public Street, Sidewalks, Street Paved, West of I-5
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Total Bedrooms: 2

Exterior Features

  • Fencing: Partial
  • Roof: Composition
  • View: N/K
  • Pool Features: N/K
  • Construction Type: Stucco, Other/Remarks

Utilities

  • Cooling: N/K
  • Heating: Wall/Gravity
  • Utilities: Sewer Connected
  • Water Source: Available
  • HeatSource: Natural Gas

Condo/Co-op/Association

  • Pets Allowed: Allowed w/Restrictions

Schools

  • Junior High Dist: San Diego Unified School Distric

Lot Info

  • Zoning: RM 1-1
  • Lot Size Sq Ft: 2600.0

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 2
  • Annual Operating Expense: 19483.0
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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
07/22/2021 07/22/21 Sold $1,085,000 +10.2% $1,179 / Sq Ft
04/27/2021 04/27/21 Pending -- -- --
04/15/2021 04/15/21 For Sale $985,000 -- $1,071 / Sq Ft
Source: San Diego MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,898 $1,151,409 $1,045,289 $106,120
2024 $13,898 $1,128,834 $1,024,794 $104,040
2023 $13,592 $1,106,700 $1,004,700 $102,000
2022 $13,231 $499,070 $401,403 $97,667
2021 $6,183 $499,070 $401,403 $97,667
2020 $6,108 $493,954 $397,288 $96,666
2019 $6,000 $484,270 $389,499 $94,771
2018 $5,610 $474,775 $381,862 $92,913
2017 $5,476 $465,467 $374,375 $91,092
2016 $5,389 $456,341 $367,035 $89,306
2015 $5,309 $449,487 $361,522 $87,965
2014 $5,226 $440,683 $354,441 $86,242
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210009793

San Diego MLS
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