NOT LISTED FOR SALE

4305-7 Temecula St San Diego, CA 92107

Point Loma Heights Neighborhood
4 Beds
3 Baths
2,052 Sq Ft
1957 Built

Last Sold August 06, 2024

Last sale price $1,420,000 $692 Per Sq Ft

4 Days on Market

About This Home

As of August 2024

Introducing a rare investment opportunity in the heart of Ocean Beach! This recently updated triplex presents three units with endless potential. The upper unit boasts stunning views and comes fully furnished, offering an ideal opportunity for immediate use as a furnished rental. Each unit has been updated, featuring modern stylish finishes throughout. The property commands a solid 4.8% cap rate as a long-term rental, with the potential to achieve an impressive 8% cap rate as a furnished rental, making it a lucrative prospect for savvy investors. Located just a 6-minute bike ride from the beach in the vibrant Ocean Beach community, this triplex is perfectly positioned to capitalize on the high demand for both long-term and furnished rentals. Don't miss the chance to own a prime income-generating property in this sought-after coastal enclave!

Last Agent to Sell the Property

Twana Rasoul

Compass License #02026495 Listed on: 07/11/2024

Compass

Last Buyer's Agent

Kimberly Schmidt

Compass License #01781140

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 3,129 Sq Ft Lot

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Lagoon Views

Utilities

  • Cooling System Mounted To A Wall/Window
  • Separate Water Meter

Community Details

  • 3 Units
  • Net Operating Income $67,200

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 449-861-14-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: W Point Loma Blvd
  • Neighborhood: Ocean Beach
  • LP / Sq Ft: 10.49
  • Stories: 2 Story
  • Sale Price List Price: 1.02
  • Total Stories: 2
  • Year Built: 1957
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Roof: Composition
  • View: Lagoon/Estuary

Utilities

  • Cooling: Wall/Window
  • Water: Meter on Property

Condo/Co-op/Association

  • Community: OCEAN BEACH

Lot Info

  • Lot Size: 1-3,999 SF
  • Assessor Parcel Number: 449-861-14-00
  • Estimated Lot Sq Ft: 3129

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 67200
  • Annual Expense Actual: 27540
  • Annual Expense Projected: 48600
  • Gross Rent Multiplier Actual: 14.6
  • Gross Rent Multiplier Projected: 8.6
  • Gross Sched Income Actual: 96000
  • Gross Sched Income Projected: 162000
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 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
08/06/2024 08/06/24 Sold $1,420,000 +1.5% $692 / Sq Ft
07/16/2024 07/16/24 Pending -- -- --
07/11/2024 07/11/24 For Sale $1,399,000 -- $682 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2024

    Twana Rasoul

    Compass

  • K

    Buyer's Agent in 2024

    Kimberly Schmidt

    Compass

See All Agents

Map

Source: San Diego MLS

MLS Number: 240016005

San Diego MLS

California San Diego County San Diego 92107 Point Loma Heights

4305-7 Temecula St, San Diego, CA

This home is located at 4305-7 Temecula St, San Diego, CA 92107 since 11 July 2024. This property was built in 1957. 4305-7 Temecula St is a home located in San Diego County with nearby schools including Ocean Beach Elementary School, Richard Henry Dana Middle School, and Correia Middle School.

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