NOT LISTED FOR SALE
6 Beds
5 Baths
2,450 Sq Ft
3,987 Sq Ft Lot

Last Sold February 23, 2023

Last sale price $1,089,000 $444 Per Sq Ft

24 Days on Market

Highlights

  • Property is Fully Fenced
  • Lewis Middle School Rated A-
  • Level Lot

About This Home

As of February 2023

Awesome income property consisting of three recently remodeled units. The adorable front house with 2br/2ba and a sweet front yard, driveway parking and a garage accessible in the alley. The large 3br/2ba unit sits above it's own garage which is accessible from the interior. The one bedroom is tucked in between the two. There is on-site laundry and a secure gate. The property is fully rented under market. This property has great access to freeways.

Last Agent to Sell the Property

Kim Hawley

Compass License #01776106 Listed on: 01/01/2023

Compass

Co-Listed By

Brittany Thompson

Compass License #02097811

Last Buyer's Agent

Evan Tando

ANR Finance and Real Estate License #01443545

Property Details

Home Type

  • Multi-Family

Year Built

  • 1970

Lot Details

  • 3,987 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot

Parking

  • Alley Access

Home Design

  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Window Bars

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 471-051-11-00

Community Details

Pet Policy

  • Pet Restriction

Additional Features

  • 3 Units
  • Net Operating Income $46,995

Property Details

Home Type

Multi-Family

Year Built

1970

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Metro Uptown
  • Cross Street: El Cajon
  • Neighborhood: Kensington
  • LP / Sq Ft: 20.39
  • Stories: 2 Story
  • Sale Price List Price: 0.96
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1970

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Full
  • Roof: Composition

Utilities

  • Security: Security Bars
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Pets Allowed: Allowed w/Restrictions
  • Community: KENSINGTON
  • Manager Name: Sterling Investments
  • Manager Phone: 619.260.3000

Lot Info

  • Lot Size: 1-3,999 SF
  • Site: Alley Access
  • Topography: Level
  • Zoning: R-4:MULTIP
  • Assessor Parcel Number: 471-051-11-00
  • Estimated Lot Sq Ft: 3987

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 46995
  • Annual Expense Actual: 25305
  • Annual Expense Projected: 29820
  • Gross Rent Multiplier Actual: 19.0
  • Gross Rent Multiplier Projected: 16.0
  • Gross Sched Income Actual: 72300
  • Gross Sched Income Projected: 85200
  • Number Of Buildings: 1
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 2
  • 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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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
02/23/2023 02/23/23 Sold $1,089,000 -3.5% $444 / Sq Ft
01/26/2023 01/26/23 Pending -- -- --
01/01/2023 01/01/23 For Sale $1,129,000 -- $461 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 230000076

San Diego MLS

APN: 471-051-11-00