$1,149,000
OPEN FRI 3PM - 5PM $48K PRICE DROP

Estimated payment $7,196/month

Total Views 26,677
3 Beds
3 Baths
1,368 Sq Ft
$840 Price per Sq Ft

Highlights

  • No HOA
  • Cooling Available
  • Bike Trail
  • Birney Elementary School Rated A
  • Laundry Room
  • Partially Fenced Property

About This Home

Turn key, Rare Opportunity, Updated 2 Unit property in the Highly coveted 92116 zip code of University Heights! Location, Location! Possibly convert to single-family home? This rare find features two meticulously updated units. Offering incredible potential whether you're an investor looking for rental income or an end user wanting to offset your mortgage. SHORT TERM RENTALS OK IN THIS AREA. Great News! The City of San Diego has reconfigured the parking on this street. They have gone from parallel parking to perpendicular parking. There is now an abundance of parking. Charming completely renovated front unit with New Premium Flooring, New kitchen, , New Stainless Steel appliances, New Countertops , New Cabinets . New Windows, Newer Roof, 3 new heat/ac Split Systems in each bedroom and Living room. Primary features a spacious walk-in closet. This unit also offers a charming front yard with a cozy porch. Lower unit has been updated with New Premium flooring, Fresh Paint, New Windows, 2 Heat/AC split systems. Large Living area and Bedroom.Updated Bathroom. Double storage also. Don't Miss out, this is a gem. DAYS ON MARKET REFLECT TENANT REMOVAL AND FULL REMODEL OF BOTH UNITS.

Listing Agent

Richard Goodman

Coldwell Banker West Brokerage Email: goodricman@gmail.com License #01173208 Listed on: 03/13/2025

Coldwell Banker West

Open House Schedule

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,983

Year Built

  • Built in 1927

Lot Details

  • 2,086 Sq Ft Lot
  • 1 Common Wall
  • Partially Fenced Property
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,368 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 08255
  • Tax Tract Number 8255
  • Assessor Parcel Number 4451612100
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $76,800
  • Net Operating Income $57,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,983

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Assessments: No
  • Price Per Unit: 574500
  • Property Attached: Yes
  • View: No
  • Zoning: R-3
  • Property Type: Residential Income
  • Parcel Number: 4451612100
  • Year Built: 1927
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: OpenHouse
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Front of house
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 839.91

Exterior Features

  • Fence: Yes
  • Fencing: Partial
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Parking: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Electric
  • Laundry Features: Common Area, Dryer Included, Gas & Electric Dryer Hookup, Washer Included
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Biking

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2086.00
  • Lot Size Acres: 0.0479

Multi Family

  • Gross Income: 76800.00
  • Gross Scheduled Income: 76800.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 2086.0000 Square Feet
  • Net Operating Income: 57600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number Wall A C: 5
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 19200.00
  • Rent Control: No

Tax Info

  • Tax Lot: 08255
  • Tax Tract Number: 08255

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,983 $826,200 $714,000 $112,200
2024 $9,983 $810,000 $700,000 $110,000
2023 $1,693 $135,376 $99,555 $35,821
2022 $1,648 $132,722 $97,603 $35,119
2021 $1,637 $130,121 $95,690 $34,431
2020 $1,617 $128,787 $94,709 $34,078
2019 $1,589 $126,262 $92,852 $33,410
2018 $1,487 $123,787 $91,032 $32,755
2017 $1,452 $121,361 $89,248 $32,113
2016 $1,427 $118,983 $87,499 $31,484
2015 $1,406 $117,197 $86,185 $31,012
2014 $1,385 $114,902 $84,497 $30,405
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2025 07/03/25 Price Changed $1,149,000 -2.2% $840 / Sq Ft
05/20/2025 05/20/25 Price Changed $1,175,000 -1.8% $859 / Sq Ft
03/13/2025 03/13/25 For Sale $1,197,000 +52.5% $875 / Sq Ft
11/03/2023 11/03/23 Sold $785,000 +6.2% $523 / Sq Ft
10/06/2023 10/06/23 Pending -- -- --
09/22/2023 09/22/23 For Sale $739,000 0.0% $493 / Sq Ft
09/13/2023 09/13/23 Pending -- -- --
09/07/2023 09/07/23 For Sale $739,000 -- $493 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $810,000 First American Title
Grant Deed $785,000 First American Title
Warranty Deed -- --
Deed $62,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $798,000 New Conventional
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2501818

California Regional Multiple Listing Service (CRMLS)

APN: 445-161-21