NOT LISTED FOR SALE
4 Beds
4 Baths
2,648 Sq Ft
6,999 Sq Ft Lot

Last Sold December 02, 2018

Last sale price $1,102,500 $416 Per Sq Ft

71 Days on Market

About This Home

As of December 2018

PRICE REDUCTION!!! 4 turn key apartment units in North Park/University Heights Neighborhood. Large lot with Development Potential. Mostly Updated Inside and Out including new windows, Hardwood Floors, etc. Rents below market for similar location and condition nearby units. Long Term Owner/Manager with mostly long term tenants.

Last Agent to Sell the Property

Thomas McCartin

Marcus & Millichap License #01427348 Listed on: 08/29/2018

Last Buyer's Agent

Jaime Bea

Coronado Cays Realty License #01387894

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1942

Lot Details

  • 6,999 Sq Ft Lot
  • Property is Fully Fenced

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 446-122-11-00

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • North Park Community

Building Details

  • Net Operating Income $50,420

Property Details

Home Type

Multi-Family

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Meade & Boundary
  • Neighborhood: north park
  • LP / Sq Ft: 17.82
  • Stories: 2 Story
  • Sale Price List Price: 0.99
  • Total Stories: 2
  • Year Built: 1942
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: North Park
  • Community: NORTH PARK

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 446-122-11-00
  • Estimated Lot Sq Ft: 6999
  • Estimated Number of Acres: 0.16

Rental Info

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

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 50420
  • Annual Expense Actual: 21801
  • Annual Expense Projected: 21801
  • Gross Rent Multiplier Actual: 15.36
  • Gross Rent Multiplier Projected: 12.84
  • Gross Sched Income Actual: 66960
  • Gross Sched Income Projected: 79200
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Garage: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Other Income Actual: 7270
  • Other Income Projected: 7270.0

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
12/02/2018 12/02/18 Sold $1,102,500 -0.7% $416 / Sq Ft
11/09/2018 11/09/18 Pending -- -- --
10/18/2018 10/18/18 Price Changed $1,110,000 -4.7% $419 / Sq Ft
09/11/2018 09/11/18 Price Changed $1,165,000 -4.9% $440 / Sq Ft
08/29/2018 08/29/18 For Sale $1,225,000 -- $463 / 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: 180048450

San Diego MLS

APN: 446-122-11-00