NOT LISTED FOR SALE
30 Beds
28 Baths
15,506 Sq Ft
0.47 Acres

Last Sold October 22, 2019

Last sale price $5,250,000 $339 Per Sq Ft

52 Days on Market

About This Home

As of October 2019

The Walker | Heimuli Investment Advisory Group is pleased to present WEST ON 53RD, a 18-unit, best-in-class, purpose-built, community near San Diego State University (“SDSU”), in San Diego, CA. Built in 2019 to serve demand for high quality living, and San Diego State’s expanding student/employment base and new retail expansion of the surrounding area. The Property offers a strong unit mix of One and Two-bedroom floor plans, fully equipped luxury kitchens, in-unit washer/dryers, on-site parking and is located in a California Opportunity Zoned Area within the city of San Diego.

Last Listed By

Steve Heimuli

Lee & Asso.Realty Grp Npt Bch License #02023637 Listed on: 06/10/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2019

Lot Details

  • 0.47 Acre Lot
  • Two or More Common Walls

Home Design

  • 15,506 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 30 Bedrooms
  • 28 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 6 Open Parking Spaces
  • 24 Parking Spaces
  • 18 Carport Spaces

Additional Features

  • Urban Location
  • Private Sewer

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 2708
  • Assessor Parcel Number 4720403700

Community Details

Overview

  • 2 Buildings
  • 18 Units

Building Details

  • 19 Separate Electric Meters
  • 19 Separate Gas Meters
  • 19 Separate Water Meters
  • New Taxes Expense $62,715
  • Operating Expense $107,264
  • Gross Income $370,980
  • Net Operating Income $252,587

Property Details

Home Type

Multi-Family

Year Built

Built in 2019

Lot Details

0

Listing Details

  • CapRate: 4.55
  • Other Phone Description: 949-510-0618
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 4720403700
  • Year Built: 2019
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Three Or More
  • Price Per Square Foot: 338.58

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 18.00
  • Total Parking Spaces: 24.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Private Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 20680.00
  • Lot Size Acres: 0.4747

Multi Family

  • Average1 Bed Area: 685
  • Average2 Bed Area: 1000 Square Feet
  • Gross Income: 370980.00
  • Gross Scheduled Income: 370980.00
  • Lot Size Area: 20680.0000 Square Feet
  • Net Operating Income: 252586.60
  • Number Of Separate Electric Meters: 19
  • Number Of Separate Gas Meters: 19
  • Number Of Separate Water Meters: 19
  • Number Of Units Total: 18
  • Operating Expense: 107264.00
  • Rent Control: No
  • Total Expenses: 107264.00

Tax Info

  • New Taxes Expense: 62715.00
  • Tax Lot: 16
  • Tax Tract Number: 002708

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
10/22/2019 10/22/19 Sold $5,250,000 -5.4% $339 / Sq Ft
06/10/2019 06/10/19 For Sale $5,550,000 +1750.0% $358 / Sq Ft
07/22/2015 07/22/15 Sold $300,000 0.0% --
04/20/2015 04/20/15 Pending -- -- --
04/11/2015 04/11/15 For Sale $300,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19138934

California Regional Multiple Listing Service (CRMLS)