$1,175,000
SOLD AUG 6, 2024
5 Beds
3 Baths
1,863 Sq Ft
9,675 Sq Ft Lot

Recently Sold

$631 Per Sq Ft

2% Below List Price

4 Days on Market

Highlights

  • Partially Fenced Property
  • Heating System Uses Natural Gas
  • 1-Story Property

About This Home

As of August 2024

Trophy 3-unit investment property, located just 4 miles east of downtown San Diego. The triplex consists of two 2 Bed, 1 Bath, 696 sq ft units & one spacious 1 Bed, 1 Bath 471 sq ft unit. Each unit is a masterpiece of design, featuring custom interiors uniquely tailored to maximize space and aesthetics. Attention to detail can be shown inside and out with everything you can imagine being updated including new electrical, plumbing, LP SmartSide siding, roof, fencing, landscaping, plus new AC/Heating minisplits and laundry hookups in all 3 units. On top of the custom remodel the astute investor can take advantage of the RM1-1 zoning, ADU laws, and other San Diego zoning bonuses to add even more units on the 9,675 square foot lot. Elevate your investment portfolio with this one-of-a-kind property.

Last Agent to Sell the Property

Ryan Fisher

Real Broker License #02110091 Listed on: 07/19/2024

Real Broker

Last Buyer's Agent

Victor Phan

Lumiere Capital Corporation License #01379802

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,306

Year Built

  • Built in 1942

Lot Details

  • 9,675 Sq Ft Lot
  • Partially Fenced Property
  • Sprinkler System

Home Design

  • Rolled or Hot Mop Roof

Interior Spaces

  • 1-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 541-523-05-00

Community Details

Overview

  • 3 Units
  • San Diego Community

Building Details

  • Net Operating Income $61,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,306

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: F St
  • Neighborhood: Chollas View
  • Stories: 1 Story
  • Sale Price List Price: 0.98
  • Total Stories: 1
  • 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

  • Fencing: Partial
  • Roof: Rolled/Hot Mop

Utilities

  • Cooling: Wall/Window
  • Heat Equipment: Combination Heating

Condo/Co-op/Association

  • Complex Name: San Diego
  • Community: SAN DIEGO

Lot Info

  • Irrigation: Sprinklers
  • Lot Size: 7,500-10,889 SF
  • Zoning: RM 1-1
  • Assessor Parcel Number: 541-523-05-00
  • Estimated Lot Sq Ft: 9675

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 61200
  • Annual Expense Actual: 4800
  • Gross Rent Multiplier Actual: 94200.0
  • Gross Sched Income Actual: 66000
  • Gross Sched Income Projected: 94200
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 3
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Dryers: 2
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 29, 2025
Sold by
Sanghvi Luve
Bought by
Sanghvi Family Trust and Sanghvi
Current Estimated Value
$1,051,572

Purchase Details

Closed on
Dec 29, 2023
Sold by
Lovery Investment Group Llc and 94 Investments Corp Inc
Bought by
Sanghvi Luve

Purchase Details

Listed on
Jun 30, 2023
Closed on
Aug 31, 2023
Sold by
Sandra Hicks Jackson Living Trust
Bought by
Lovery Investment Group Llc and 94 Investments Corp Inc
Seller's Agent
Kobena Blankson
eXp Realty of California, Inc.
Buyer's Agent
Ryan Fisher
Real Broker
List Price
$575,000
Sold Price
$592,000
Premium/Discount to List
$17,000
2.96%
Views
429

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.07%
Original Mortgage
$640,000
Interest Rate
6.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 2, 2021
Sold by
Jackson Sandra P
Bought by
Jackson Sandra Hicks and Penty Lia Patricia

Purchase Details

Closed on
Sep 8, 2005
Sold by
Jackson James E and Jackson Sandra P
Bought by
Jackson Sandra P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,000
Interest Rate
1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2003
Sold by
Jackson Sandra P
Bought by
Jackson James E and Jackson Sandra P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Grant Deed $1,175,000 Ticor Title
Grant Deed $592,000 Fidelity National Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Stewart Title Of California
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Stewart Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $640,000 New Conventional
Previous Owner $235,000 Negative Amortization
Previous Owner $209,000 New Conventional
Previous Owner $145,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2024 08/06/24 Sold $1,175,000 -2.0% $631 / Sq Ft
07/24/2024 07/24/24 Pending -- -- --
07/19/2024 07/19/24 For Sale $1,199,000 +102.5% $644 / Sq Ft
09/15/2023 09/15/23 Sold $592,000 +3.0% --
08/07/2023 08/07/23 Pending -- -- --
08/04/2023 08/04/23 For Sale $575,000 0.0% --
07/22/2023 07/22/23 Pending -- -- --
07/22/2023 07/22/23 For Sale $575,000 0.0% --
07/17/2023 07/17/23 Price Changed $575,000 +4.5% --
07/11/2023 07/11/23 Pending -- -- --
06/30/2023 06/30/23 For Sale $550,000 -- --
Source: San Diego MLS

Tax History Compared to Growth

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 $7,306 $1,175,000 $800,000 $375,000
2024 $7,306 $592,000 $470,000 $122,000
2023 $573 $51,010 $21,285 $29,725
2022 $557 $50,011 $20,868 $29,143
2021 $551 $49,031 $20,459 $28,572
2020 $544 $48,530 $20,250 $28,280
2019 $533 $47,579 $19,853 $27,726
2018 $499 $46,647 $19,464 $27,183
2017 $80 $45,733 $19,083 $26,650
2016 $474 $44,837 $18,709 $26,128
2015 $466 $44,164 $18,428 $25,736
2014 $459 $43,300 $18,068 $25,232
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240016822

San Diego MLS

APN: 541-523-05