NOT LISTED FOR SALE
6 Beds
4 Baths
8,252 Sq Ft
14,810 Sq Ft Lot

Sale Details

Date Sold: March 16, 2020

Last sale price $2,519,000 $305 Per Sq Ft

2 Days on Market

Highlights

  • 16 Car Garage
  • Lewis Middle School Rated A-
  • Wall to Wall Carpet

About This Home

As of March 2020

Special Opportunity to own a 13 Unit Apartment Building in an up and coming neighborhood. Great mix of Floor plans includes (1) 3 Bedroom 2 bath, (6) 2 bedroom 1 Bath, and (6) 1 Bedroom 1 Bath Apartments (1 is Un-permitted). This 2 story building offers (1) 2 car garage and (14) parking spaces, a Community Laundry room (Equipment Owned) and an On-Site Property Manager. Major Electrical upgrade completed in 2019. Easy access to public transportation and I-8. Prime Location with YMCA Copley-Price across the street and 5 min drive to Normal Heights. Normal Heights is a lively residential area with hip Cafes, Gastropubs, Craft beer bars, Wine bars and diverse restaurants located along Adams Avenue. The neighborhood is also known for concerts in grassy Trolley Barn Park as well as outdoor movie screenings at Ward Canyon Park, which has play areas and walking paths. The nearby University Heights area offers Asian, Mexican and Ethiopian eateries. Near San Diego State University. Don't miss out on this property !

Last Agent to Sell the Property

Dania Macias

TXR Homes, Inc. License #01910462 Listed on: 02/25/2020

Last Buyer's Agent

Jordan Concepcion

Keller Williams-Carmel Valley License #01936834

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.34

Home Design

  • Composition Roof
  • Stucco

Interior Spaces

  • 6 Bedrooms
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 16 Car Garage
  • Parking Available

Additional Homes

  • Number of ADU Units: 6

Utilities

  • No Cooling
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Total Actual Rent $12,905

Community Details

Overview

  • 13 Units

Building Details

  • 13 Leased Units
  • Operating Expense $95

Property Details

Home Type

Multi-Family

Lot Details

0.34 Acres

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Unit Levels: 2 Story
  • Property Sub Type: Com-Res Income
  • CapRate: 2.41
  • Co List Office Mls Id: 5584
  • Structure Type: Apartment
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-02-25T14:55:21Z
  • FullAddress: 4318 Meade Avenue
  • NumofLeasedApartments: 13
  • ShortSale: No
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 6
  • Flooring: Vinyl, Wall to Wall Carpet

Exterior Features

  • Roof: Composition
  • Construction Type: Stucco

Garage/Parking

  • Parking Features: Garages, Spaces
  • Total Parking Spaces: 16.0

Utilities

  • Cooling: None
  • Heating: Wall
  • Laundry Features: Owned

Lot Info

  • Zoning: R4 Multi-R

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 13
  • Annual Operating Expense: 95.0
  • Total Actual Rent: 12905.0
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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
03/16/2020 03/16/20 Sold $2,519,000 +1.4% $305 / Sq Ft
02/28/2020 02/28/20 Pending -- -- --
02/25/2020 02/25/20 For Sale $2,485,000 -- $301 / 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 $33,248 $2,754,890 $1,879,975 $874,915
2024 $33,248 $2,700,873 $1,843,113 $857,760
2023 $32,511 $2,647,916 $1,806,974 $840,942
2022 $31,645 $2,595,997 $1,771,544 $824,453
2021 $31,428 $2,545,096 $1,736,808 $808,288
2020 $6,242 $502,271 $184,938 $317,333
2019 $6,131 $492,423 $181,312 $311,111
2018 $5,733 $482,768 $177,757 $305,011
2017 $82 $473,303 $174,272 $299,031
2016 $5,498 $464,023 $170,855 $293,168
2015 $5,417 $457,054 $168,289 $288,765
2014 $5,336 $448,102 $164,993 $283,109
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 200009380

San Diego MLS

APN: 471-024-06-00

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