NOT LISTED FOR SALE
11 Beds
8 Baths
4,690 Sq Ft
6,534 Sq Ft Lot

Sale Details

Date Sold: December 14, 2020

Last sale price $1,725,000 $368 Per Sq Ft

1 Day on Market

About This Home

As of December 2020

Karpeles buildings set the standard for excellence in central San Diego for a generation. They feature superior units and far above average parking. This asset has parking for twelve vehicles. The upstairs units have vaulted ceilings and two units have fireplaces. Rents have been below market for years. It would be appropriate after Covid to upgrade all of the units and bring the rents up to market level.

Last Agent to Sell the Property

Terry Moore

ACI Apartments License #00918512 Listed on: 11/13/2020

Last Buyer's Agent

Terry Moore

ACI Apartments License #00918512 Listed on: 11/13/2020

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Property Details

Home Type

  • Multi-Family

Lot Details

  • 6,534

Home Design

  • Stucco

Interior Spaces

  • 11 Bedrooms
  • 4,690 Sq Ft Home
  • 2-Story Property

Parking

  • 12 Car Garage
  • Parking Available

Additional Homes

  • Number of ADU Units: 1

Listing and Financial Details

  • Total Actual Rent $8,000

Community Details

Overview

  • 7 Units

Building Details

  • 7 Leased Units
  • Operating Expense $44,853

Property Details

Home Type

Multi-Family

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Property Sub Type: Com-Res Income
  • CapRate: 2.7
  • Co List Office Mls Id: 61276
  • Living Area: 4690.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-03-05T10:31:11Z
  • FullAddress: 4359 38th St.
  • NumofLeasedApartments: 7
  • ShortSale: No
  • SDMLS_NumofADUUnits: 1.0
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 11

Exterior Features

  • Construction Type: Stucco

Garage/Parking

  • Parking Features: Garages, Spaces
  • Total Parking Spaces: 12.0

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 7
  • Annual Operating Expense: 44853.0
  • Total Actual Rent: 8000.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 6, 2021
Sold by
Bought by

Purchase Details

Listed on
Nov 13, 2020
Closed on
Dec 9, 2020
Sold by
Bought by
Seller's Agent
Terry Moore
ACI Apartments
Buyer's Agent
Terry Moore
ACI Apartments
List Price
$1,750,000
Sold Price
$1,725,000
Premium/Discount to List
-$25,000
-1.43%

Purchase Details

Closed on
Aug 19, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 7, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 30, 1999
Sold by
Bought by

Purchase Details

Closed on
Jun 10, 1994
Sold by
Bought by

Purchase Details

Closed on
Apr 20, 1994
Sold by
Bought by

Purchase Details

Closed on
Sep 19, 1991

Purchase Details

Closed on
Jun 6, 1989
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Accommodation
$1,725,000 First American Title Company
-- --
-- United Title Company
-- United Title Company
-- --
$299,500 Stewart Title
$245,000 Chicago Title Co
$1,000,000 --
$178,900 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $300,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/14/2020 12/14/20 Sold $1,725,000 -1.4% $368 / Sq Ft
11/16/2020 11/16/20 Pending -- -- --
11/14/2020 11/14/20 For Sale $1,750,000 -- $373 / Sq Ft
Source: San Diego MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $23,468 $1,904,537 $1,214,487 $690,050
2025 $23,468 $1,867,194 $1,190,674 $676,520
2024 $22,580 $1,830,583 $1,167,328 $663,255
2023 $22,081 $1,794,690 $1,144,440 $650,250
2022 $21,494 $1,759,500 $1,122,000 $637,500
2021 $21,347 $1,725,000 $1,100,000 $625,000
2020 $5,749 $459,973 $184,296 $275,677
2019 $5,648 $450,955 $180,683 $270,272
2018 $5,284 $442,114 $177,141 $264,973
2017 $82 $433,446 $173,668 $259,778
2016 $5,073 $424,948 $170,263 $254,685
2015 $4,998 $418,566 $167,706 $250,860
2014 $4,921 $410,367 $164,421 $245,946
Source: Public Records

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Map

Source: San Diego MLS

MLS Number: 200051632

San Diego MLS

APN: 447-201-09-00

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