NOT LISTED FOR SALE

4468-72 58th St San Diego, CA 92115

El Cerrito Neighborhood
6 Beds
3 Baths
-- Sq Ft
5,406 Sq Ft Lot

Last Sold February 02, 2021

Last sale price $895,000

15 Days on Market

About This Home

As of February 2021

A 10 min bike ride from SDSU, this prime location can draw high demand for its rentals and presents itself as a value add opportunity. 3-units & 3-garages with HUGE potential in rents. Two buildings on the lot. First building has two 2BR/1BA units. Second building has three 1-car garages and above the garages is the last 2BR/1BA unit. This unit has its own washer & dryer. Shared yard space. One of the units has newer floors and windows. Property has some deferred maintenance with big upside potential. Lots of potential with this property. Its location near SDSU will provide a stream of demand. This rare offering has three 2BR/1BA units, each about 945 sq feet (buyer to verify unit sq footage).  There are also three detached 1-car garages.  The units are spread across two buildings.  The first has two of the units.  The upper unit has newer windows and floors. The second building has the three garages and one unit above the garages.  This last unit has a washer and dryer.  The rents are way below market value.  With some updating and deferred maintenance there is HUGE potential upside in the rents. A lucky investor is going to get this property at a great price and quickly see a return on the upside potential.

Last Agent to Sell the Property

Jeremy Sine

CoSine Real Estate License #01719100 Listed on: 11/23/2020

Last Buyer's Agent

Bobby Martins

eXp Realty of California, Inc License #01339628

eXp Realty of California, Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 5,406 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 472-091-18-00

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Net Operating Income $32,449

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Estella St
  • Neighborhood: SDSU
  • Supplement: Lots of potential with this property. Its location near SDSU will provide a stream of demand. This rare offering has three 2BR/1BA units, each about 945 sq feet (buyer to verify unit sq footage).  There are also three detached 1-car garages.  The units are spread across two buildings.  The first has two of the units.  The upper unit has newer windows and floors. The second building has the three garages and one unit above the garages.  This last unit has a washer and dryer.  The rents are way below market value.  With some updating and deferred maintenance there is HUGE potential upside in the rents. A lucky investor is going to get this property at a great price and quickly see a return on the upside potential.
  • LP / Sq Ft: 14.24
  • Stories: 2 Story
  • Sale Price List Price: 1.01
  • Total Stories: 2
  • Year Built: 1949
  • 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: Partial
  • Roof: Composition

Condo/Co-op/Association

  • Community: SAN DIEGO

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 472-091-18-00
  • Estimated Lot Sq Ft: 5406
  • Estimated Number of Acres: 0.12

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 32449
  • Annual Expense Actual: 9551
  • Gross Rent Multiplier Actual: 21.0
  • Gross Sched Income Actual: 42000
  • Gross Sched Income Projected: 72000
  • Number Of Buildings: 2
  • Number Of Units With Dryers: 1
  • Number Of Units With Garage: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 1

Range of Values:

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Average Value
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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
02/02/2021 02/02/21 Sold $895,000 +0.7% --
12/09/2020 12/09/20 Pending -- -- --
11/23/2020 11/23/20 For Sale $889,000 -- --
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jeremy Sine

    Seller's Agent in 2021

    Jeremy Sine

    CoSine Real Estate

    (619) 252-7126

    1 in this area

    21 Total Sales

    Section Image
  • Bobby Martins

    Buyer's Agent in 2021

    Bobby Martins

    eXp Realty of California, Inc

    (858) 299-6792

    3 in this area

    297 Total Sales

    Section Image
  • Clifford Arellano

    Buyer Co-Listing Agent in 2021

    Clifford Arellano

    eXp Realty of Southern California, Inc.

    (619) 601-4299

    1 in this area

    5 Total Sales

    Section Image
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Map

Source: San Diego MLS

MLS Number: 200052391

San Diego MLS

California San Diego County San Diego 92115 El Cerrito

4468-72 58th St, San Diego, CA

This home is located at 4468-72 58th St, San Diego, CA 92115 since 23 November 2020. This property was built in 1949. 4468-72 58th St is a home located in San Diego County with nearby schools including Fay Elementary School, Mann Middle School, and Crawford High School.

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