NOT LISTED FOR SALE

4515 Cherokee Ave San Diego, CA 92116

Normal Heights Neighborhood
5 Beds
3 Baths
2,225 Sq Ft
4,216 Sq Ft Lot

Last Sold June 16, 2019

Last sale price $815,000 $366 Per Sq Ft

6 Days on Market

About This Home

As of June 2019

Great cash flowing 3-Plex in the heart of Normal Heights! Perfect for a multi-family investor looking for cash flow. Or a homeowner to live on site, as the back two units will cover most/all of the mortgage (depending on financing terms). Front unit is a detached 1Bed / 1 bath craftsman style home. Great light, and an open kitchen with bar that opens to the dining and living room. The back 2 units are identical 2/1's, which could use updating to contemporary finishes in order to boost rents to market.

Last Agent to Sell the Property

Keegan McNamara

Folio Real Estate License #01853692 Listed on: 05/02/2019

Last Buyer's Agent

Keegan McNamara

Folio Real Estate License #01853692 Listed on: 05/02/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2000

Lot Details

  • 4,216 Sq Ft Lot
  • Gated Home
  • Property is Fully Fenced

Parking

  • Alley Access

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 447-051-10-00

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Net Operating Income $36,866

Property Details

Home Type

Multi-Family

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Monroe Avenue
  • Neighborhood: Normal Heights
  • LP / Sq Ft: 17.84
  • Stories: 2 Story
  • Sale Price List Price: 1.02
  • Total Stories: 2
  • Year Built: 2000
  • 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, Gate
  • Roof: Composition

Utilities

  • Cooling: Wall/Window
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial)
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: NORMAL HEIGHTS
  • Manager Name: MV Properties
  • Manager Phone: 858-299-3905

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Site: Alley Access
  • Zoning: R-3:RESTRI
  • Assessor Parcel Number: 447-051-10-00
  • Estimated Lot Sq Ft: 4216
  • Estimated Number of Acres: 0.1
  • Map Code Column: G
  • Map Code Page: 1269
  • Map Code Row: 4

Rental Info

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

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 36866
  • Annual Expense Actual: 23804
  • Annual Expense Projected: 23804
  • Gross Rent Multiplier Actual: 13.0
  • Gross Rent Multiplier Projected: 11.5
  • Gross Sched Income Actual: 60420
  • Gross Sched Income Projected: 68580
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 3
  • Number Of Units With Dryers: 3
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3
  • Other Income Actual: 250
  • Other Income Projected: 660.0

Range of Values:

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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
06/16/2019 06/16/19 Sold $815,000 +2.0% $366 / Sq Ft
05/09/2019 05/09/19 Pending -- -- --
05/02/2019 05/02/19 For Sale $799,000 -- $359 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Keegan McNamara

    Seller's Agent in 2019

    Keegan McNamara

    Folio Real Estate

    (858) 735-6096

    12 Total Sales

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Map

Source: San Diego MLS

MLS Number: 190023623

San Diego MLS

APN: 447-051-10-00

California San Diego County San Diego 92116 Normal Heights

4515 Cherokee Ave, San Diego, CA

This home is located at 4515 Cherokee Ave, San Diego, CA 92116 since 02 May 2019. This property was built in 2000. 4515 Cherokee Ave is a home located in San Diego County with nearby schools including Normal Heights Elementary, Wilson Middle School, and Herbert Hoover High School.

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