NOT LISTED FOR SALE

4554-56 36th St San Diego, CA 92116

Normal Heights Neighborhood
4 Beds
2 Baths
1,357 Sq Ft
1924 Built

Last Sold December 26, 2023

Last sale price $1,150,000 $847 Per Sq Ft

About This Home

As of December 2023

Discover the ultimate investment opportunity just steps away from the bustling Adams Ave. and the vibrant heart of Normal Heights! This recently updated duplex offers two charming units, each featuring 2 beds, 1 bath, parking, private yards, and convenient in-unit laundry. The back bungalow exudes privacy and tranquility with its gated front garden, while boasting a fresh modern look following its 2021 renovation. From new flooring to a stylish bathroom upgrade and painted interior, this unit is approximately 791 square feet. The front home welcomes you with new laminate floors, a freshly painted interior, and a private fenced yard with new landscaping. With the added bonus of a new ABS sewer pipe, this approximately 566 square foot unit is the epitome of low-maintenance living. Zoned RM 1-1, the overlay zoning presents an exciting opportunity with an 8.0 FAR, offering the potential to develop up to 32,000 square feet of living space. This forward-thinking feature makes it a smart investment for the savvy buyer. Please respect the privacy of the tenants and refrain from disturbing. Drive by only. Don't miss out on the chance to capitalize on this smart investment in the heart of one of San Diego's most dynamic neighborhoods! Take advantage of the NEW opportunity to put only 5% down on this duplex! Cash, conventional, VA, and FHA financing is welcome!

Last Agent to Sell the Property

Kristine Kappel

Compass License #02138567 Listed on: 12/27/2023

Compass

Co-Listed By

Theodore Kavich

Compass License #02066610

Last Buyer's Agent

Michael Willis

Keller Williams San Diego Metro License #01976807

Keller Williams San Diego Metro

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Home Design

  • Vinyl Siding

Utilities

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

Additional Features

  • 1-Story Property
  • Partially Fenced Property

Listing and Financial Details

  • Tenant pays for water, electricity, gas/propane
  • Assessor Parcel Number 4470412600

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Net Operating Income $42,851

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Madison
  • Neighborhood: Normal Heights
  • LP / Sq Ft: 22.27
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 1924
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Vinyl
  • Fencing: Partial

Utilities

  • Cooling: Wall/Window
  • Water: Meter on Property
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: Not applicable
  • Community: NORMAL HEIGHTS

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 4470412600

Rental Info

  • Tenant Pays: Water, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 42851
  • Annual Expense Actual: 23497
  • Annual Expense Projected: 22868
  • Gross Rent Multiplier Actual: 16.81
  • Gross Rent Multiplier Projected: 14.97
  • Gross Sched Income Actual: 68400
  • Gross Sched Income Projected: 74500
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

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
12/27/2023 12/27/23 For Sale $1,149,999 0.0% $847 / Sq Ft
12/26/2023 12/26/23 Sold $1,150,000 -- $847 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kristine Kappel

    Seller's Agent in 2023

    Kristine Kappel

    Compass

    (773) 718-8467

    2 in this area

    64 Total Sales

    Kristine Kappel
    Section Image
  • Theodore Kavich

    Seller Co-Listing Agent in 2023

    Theodore Kavich

    Compass

    (818) 314-7357

    1 in this area

    24 Total Sales

    Theodore Kavich
    Section Image
  • Michael Willis

    Buyer's Agent in 2023

    Michael Willis

    Keller Williams San Diego Metro

    (619) 881-7802

    1 in this area

    47 Total Sales

    Michael Willis
    Section Image
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Map

Source: San Diego MLS

MLS Number: 230024371

San Diego MLS

California San Diego County San Diego 92116 Normal Heights

4554-56 36th St, San Diego, CA

This home is located at 4554-56 36th St, San Diego, CA 92116 since 27 December 2023. This property was built in 1924. 4554-56 36th St 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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