$1,641,000
SOLD OCT 8, 2024
6 Beds
5 Baths
-- Sq Ft
1940 Built

Recently Sold

1% Below List Price

9 Days on Market

About This Home

As of October 2024

4410-16 36th Street is a charming 4-unit apartment property with upside in rents in the rapidly accelerating rental market of Normal Heights. The 2,522 square foot structure built in 1940 is situated on a 6,257 square foot lot on a quiet street. The property features one 2 Bedroom / 2 Bath, one 2 Bedroom / 1 Bath, and two 1 Bedroom / 1 Bath units as well as an interior courtyard. Three units have been remodeled and have patios. All units have their own washer and dryer hook ups. The roof was replaced 2 years ago and the sewer was redone. Some units have vinyl windows. Two units are month to month. Please do not walk on the property or disturb tenants.

Last Agent to Sell the Property

Benn Vogelsang

NorthMarq Multifamily License #01883437 Listed on: 09/03/2024

Last Buyer's Agent

Catrina Russell

Coldwell Banker West License #01229742

Coldwell Banker West

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Additional Features

  • 1-Story Property
  • 6,257 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 447-102-23-00

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • Net Operating Income $71,220

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Meade Avenue
  • Neighborhood: Normal Heights
  • LP / Sq Ft: 16.31
  • Stories: 1 Story
  • Sale Price List Price: 0.99
  • Total Stories: 1
  • Year Built: 1940
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Condo/Co-op/Association

  • Community: NORMAL HEIGHTS

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 447-102-23-00
  • Estimated Lot Sq Ft: 6257

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 71220
  • Annual Expense Actual: 27476
  • Annual Expense Projected: 27476
  • Gross Rent Multiplier Actual: 16.3
  • Gross Rent Multiplier Projected: 12.5
  • Gross Sched Income Actual: 101748
  • Gross Sched Income Projected: 133200
  • Number Of Buildings: 3
  • Number Of Units With Dryers: 4
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 3
  • 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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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
10/08/2024 10/08/24 Sold $1,641,000 -1.1% --
09/13/2024 09/13/24 Pending -- -- --
09/03/2024 09/03/24 For Sale $1,659,000 -- --
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: 240020859

San Diego MLS