NOT LISTED FOR SALE

4553 Terrace Dr San Diego, CA 92116

Kensington Neighborhood
8 Beds
12 Baths
4,956 Sq Ft
1986 Built

Last Sold May 29, 2015

Last sale price $1,590,000 $321 Per Sq Ft

70 Days on Market

About This Home

As of May 2015

This property consists of 4 large, 2 bedroom, 2.5 bathroom townhomes of 1,239 square feet with vaulted ceilings causing the units to feel even larger. Located just 1 block South of Adams Avenue, these quaint townhomes with large floor plans are a progressive version of the neighborhood's spanish revival style homes.

Last Agent to Sell the Property

Bryce Lewis

Boardwalk Development Inc. License #01870677 Listed on: 02/23/2015

Last Buyer's Agent

Michael Raya

LPT Realty,Inc License #01394540

LPT Realty,Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Home Design

  • Stucco Exterior

Additional Features

  • 2-Story Property
  • Cross Fenced

Listing and Financial Details

  • Tenant pays for water, electricity, gas/propane
  • Assessor Parcel Number 454-712-04

Community Details

Overview

  • 4 Units
  • Terrace Villa Community

Building Details

  • Net Operating Income $74,538

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Madison Ave. and Terrace Dr.
  • Neighborhood: Kensington
  • LP / Sq Ft: 23.17
  • Stories: 2 Story
  • Sale Price List Price: 0.96
  • Total Stories: 2
  • Year Built: 1986
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • 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: Stucco, Wood/Stucco
  • Fencing: Cross Fencing

Condo/Co-op/Association

  • Complex Name: Terrace Villa
  • Community: KENSINGTON
  • Manager Name: Boardwalk Development
  • Manager Phone: 858-444-9700

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 454-712-04
  • Land Use Code: R-3

Rental Info

  • Tenant Pays: Water, Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 74538
  • Annual Expense Actual: 20910
  • Annual Expense Projected: 26554
  • Gross Rent Multiplier Actual: 16.8
  • Gross Rent Multiplier Projected: 16.4
  • Gross Sched Income Actual: 98400
  • Gross Sched Income Projected: 100800
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Dryers: 4
  • Number Of Units With Fireplaces: 4
  • Number Of Units With Garage: 4
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 4

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
05/29/2015 05/29/15 Sold $1,590,000 -3.6% $321 / Sq Ft
05/04/2015 05/04/15 Pending -- -- --
02/23/2015 02/23/15 For Sale $1,650,000 -- $333 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2015

    Bryce Lewis

    Boardwalk Development Inc.

    Section Image
  • Michael Raya

    Buyer's Agent in 2015

    Michael Raya

    LPT Realty,Inc

    (858) 663-7292

    8 Total Sales

    Section Image
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Map

Source: San Diego MLS

MLS Number: 150009828

San Diego MLS

California San Diego County San Diego 92116 Kensington

4553 Terrace Dr, San Diego, CA

This home is located at 4553 Terrace Dr, San Diego, CA 92116 since 23 February 2015. This property was built in 1986. 4553 Terrace Dr is a home located in San Diego County with nearby schools including Franklin Elementary School, Wilson Middle School, and Lewis Middle School.

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