$1,625,000
SOLD OCT 3, 2023
4 Beds
2 Baths
1,898 Sq Ft
1926 Built

Recently Sold

$856 Per Sq Ft

8% Above List Price

11 Days on Market

Highlights

  • Solar Heated Spa
  • Fireplace
  • Open Space
  • The community has rules related to allowing live work
  • Tankless Water Heater
  • Solar Heating System

About This Home

As of October 2023

Stunning Spanish-style renovated Normal Heights duplex. This unique 2 on 1 property offers a rare opportunity for savvy homeowners to enjoy a life of financial freedom while living in the heart of one of San Diego's most vibrant neighborhoods. Completely renovated in 2021 from top to bottom this high-end duplex has new windows, kitchens, bathrooms, electrical, plumbing, and roof. Equip with solar on both buildings. The front unit has a fully enclosed front yard with turf. The large family room has ample natural light and plenty of space to entertain. Currently the back unit is a fully booked Short Term Rental generating over $95,000 annually since June 2022. The back unit has full access to the backyard which has hot tub, fire pit seating area, BBQ, and parking. This property is also zoned for additional units so the right buyer can convert the 2-car garage into an ADU. There is also a driveway for the front unit to park two cars. Fantastic opportunity to move into a renovated home with an income producing unit ready to go to help cover your mortgage. Plus allowing you the opportunity to take advantage of the space and zoning in place and add more units.

Last Agent to Sell the Property

Seth Struiksma

Compass License #01868552 Listed on: 08/16/2023

Compass

Last Buyer's Agent

Michael Sugich

Compass License #01999421

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • Open Space
  • Gated Home
  • Property is Fully Fenced
  • Level Lot

Parking

  • RV Potential

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Wired For Data
  • Fireplace

Eco-Friendly Details

  • Solar Heating System
  • Heating system powered by passive solar
  • Drip Irrigation

Pool

  • Solar Heated Spa

Utilities

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

Listing and Financial Details

  • Vacation Rental by Owner
  • Assessor Parcel Number 447-172-05-00

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • 4365 67 Wilson Ave Community
  • The community has rules related to allowing live work

Recreation

  • Community Spa

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $70,659

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: El Cajon Blvd & 35th
  • Neighborhood: Normal Heights
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 1926
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Block, Wood, Wood/Stucco
  • Fencing: Full, Gate
  • Frontage: Open Space
  • Roof: Composition
  • Spa: Yes
  • Spa Heat: Electric, Solar

Garage/Parking

  • Parking for RV: Potential Space

Utilities

  • Cooling: Central Forced Air
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Tankless
  • Telecommunications: Wired High Speed Internet
  • Heat Equipment: Fireplace, Forced Air Unit, Passive Solar

Condo/Co-op/Association

  • Complex Name: 4365-67 Wilson Ave
  • Pets Allowed: Yes
  • Community: NORMAL HEIGHTS
  • Complex Features: Spa/Hot Tub

Lot Info

  • Irrigation: Drip
  • Lot Size: 4,000-7,499 SF
  • Site: Public Street, Sidewalks, Street Paved
  • Topography: Level
  • Zoning: R-3
  • Additional Property Use: Res/Business Use OK, With Structures
  • Assessor Parcel Number: 447-172-05-00
  • Map Code Column: F
  • Map Code Page: 1269
  • Map Code Row: 4

Rental Info

  • Vacation Rental By Owner: Yes

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 70659
  • Annual Expense Actual: 25000
  • Gross Rent Multiplier Actual: 15.68
  • Gross Sched Income Actual: 95659
  • Number Of Buildings: 2
  • Number Of Furnished Units: 1
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Fireplaces: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

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Range of Values:

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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
10/03/2023 10/03/23 Sold $1,625,000 +8.3% $856 / Sq Ft
08/28/2023 08/28/23 Pending -- -- --
08/16/2023 08/16/23 For Sale $1,500,000 +76.5% $790 / Sq Ft
09/28/2021 09/28/21 Sold $850,000 -5.6% $448 / Sq Ft
07/11/2021 07/11/21 Pending -- -- --
06/21/2021 06/21/21 Price Changed $900,000 -9.9% $474 / Sq Ft
05/01/2021 05/01/21 For Sale $999,000 -- $526 / 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: 230015920

San Diego MLS