NOT LISTED FOR SALE
4 Beds
4 Baths
2,304 Sq Ft
1938 Built

Last Sold February 09, 2021

Last sale price $1,355,000 $588 Per Sq Ft

242 Days on Market

About This Home

As of February 2021

PRICED TO SELL! Remodeled and Unique - 4 detached 1 bed/1 ba cottages - New stone counters, AC, flooring, ss appliances, full bath all completed 2018. Front units each have a private side patio and rear units boast a beautiful fenced-in yard. Desirable rental units comes with 3 one car garages and 1 assigned parking space in the back. In addition, each home has in-unit washer and dryer. Previous laundry room is a bonus and can be used in many other income producing ways.

Last Agent to Sell the Property

Megan Root

Milestone Properties License #01351843 Listed on: 04/17/2020

Last Buyer's Agent

Saied Mojabi

Coldwell Banker Realty License #00860307

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Home Design

  • Rolled or Hot Mop Roof
  • Tar and Gravel Roof
  • Adobe

Additional Features

  • 1-Story Property
  • Partially Fenced Property
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 447-551-04-00

Community Details

Overview

  • 4 Buildings
  • 4 Units
  • Las Casitas Community

Building Details

  • Net Operating Income $58,147

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Meade
  • Neighborhood: Normal Heights
  • LP / Sq Ft: 22.23
  • Stories: 1 Story
  • Sale Price List Price: 0.97
  • Total Stories: 1
  • Year Built: 1938
  • Allow Comments Review: Yes
  • Internet Address Field: Partial Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U2: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Adobe
  • Fencing: Partial
  • Roof: Rock/Gravel, Rolled/Hot Mop

Utilities

  • Cooling: Wall/Window

Condo/Co-op/Association

  • Complex Name: Las Casitas
  • Community: NORMAL HEIGHTS

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 447-551-04-00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 58147
  • Annual Expense Actual: 23633
  • Annual Expense Projected: 23633
  • Gross Rent Multiplier Actual: 17.66
  • Gross Rent Multiplier Projected: 16.72
  • Gross Sched Income Actual: 81780
  • Gross Sched Income Projected: 86400
  • Number Of Buildings: 4
  • Number Of Units With Cooling: 4
  • Number Of Units With Dryers: 4
  • Number Of Units With Garage: 3
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 4

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
02/09/2021 02/09/21 Sold $1,355,000 -2.9% $588 / Sq Ft
12/16/2020 12/16/20 Pending -- -- --
12/03/2020 12/03/20 Price Changed $1,395,000 -3.5% $605 / Sq Ft
09/15/2020 09/15/20 Price Changed $1,445,000 -3.0% $627 / Sq Ft
06/22/2020 06/22/20 Price Changed $1,490,000 -3.9% $647 / Sq Ft
04/17/2020 04/17/20 For Sale $1,550,000 -- $673 / 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: 200017511

San Diego MLS