NOT LISTED FOR SALE
8 Beds
4 Baths
3,400 Sq Ft
6,499 Sq Ft Lot

Last Sold September 01, 2016

Last sale price $1,175,000 $346 Per Sq Ft

29 Days on Market

Highlights

  • RV Access or Parking
  • Partially Fenced Property
  • West of 5 Freeway
  • Crown Point Junior Music Academy Rated A-
  • Level Lot
  • Heating Available

About This Home

As of September 2016

Solid Pacific Beach 4 units. Close to all neighborhood amenities and Popular Rental Neighborhood. Owner has taken very good care of this property. The rents are low for neighborhood and there is a lot of room to increase the rents and substantially increase cash flow. Two single houses and a 2-unit stack behind it with a common area patio. Units each have individual storage with a its own water heater. Potentially could house stack washer and dryer if desired. The units are large and very sunny.

Last Agent to Sell the Property

Paula Pramschuefer

Melroy Investments Inc License #00990310 Listed on: 06/24/2016

Last Buyer's Agent

Kevin Fox

Pacific Real Estate Center License #01947485

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 6,499 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Parking

  • Alley Access
  • RV Access or Parking

Location

  • West of 5 Freeway

Schools

  • San Diego Unified School District Elementary And Middle School
  • San Diego Unified School District High School

Utilities

  • Heating Available
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 424-121-03-00

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • Net Operating Income $48,236

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Hornblend
  • Neighborhood: Pacific Beach / Mission Bay
  • LP / Sq Ft: 18.32
  • Sale Price List Price: 0.89
  • Year Built: 1956
  • Allow Comments Review: No
  • Internet Address Field: Partial Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U2: 1
  • Prkng Non Garage Spac U3: 1
  • Prkng Non Garage Spac U4: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Partial

Garage/Parking

  • Parking for RV: On-Site Parking

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Combination Heating

Condo/Co-op/Association

  • Community: PACIFIC BEACH
  • Manager Name: MARTHA VILLALVA
  • Manager Phone: 619-507-8917

Schools

  • School District URL: https://www.sandiegounified.org/
  • Elementary School: San Diego Unified School District
  • Elementary School Website: https://www.sandiegounified.org/
  • High School: San Diego Unified School District
  • Middle School Url: https://www.sandiegounified.org/
  • Middle School: San Diego Unified School District

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Curbs, Public Street, Sidewalks, Street Paved, West of I-5
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: R3
  • Assessor Parcel Number: 424-121-03-00
  • Land Use Code: R
  • Estimated Lot Sq Ft: 6499
  • Water District URL: http://www.ci.san-diego.ca.us/water
  • Estimated Number of Acres: 0.15

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 48236
  • Annual Expense Actual: 26784
  • Annual Expense Projected: 34784
  • Gross Rent Multiplier Actual: 17.1
  • Gross Rent Multiplier Projected: 12.0
  • Gross Sched Income Actual: 77340
  • Gross Sched Income Projected: 110160
  • Number Of Buildings: 3
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 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
09/01/2016 09/01/16 Sold $1,175,000 -11.0% $346 / Sq Ft
07/21/2016 07/21/16 Pending -- -- --
06/22/2016 06/22/16 For Sale $1,320,000 -- $388 / 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: 160034806

San Diego MLS

APN: 424-121-03-00