NOT LISTED FOR SALE

4624 51st St San Diego, CA 92115

Talmadge Neighborhood
7 Beds
6 Baths
2,920 Sq Ft
7,405 Sq Ft Lot

Last Sold December 03, 2020

Last sale price $1,175,000 $402 Per Sq Ft

44 Days on Market

Highlights

  • Corner Lot
  • Property is Fully Fenced
  • Wood Siding
  • Floor Furnace

About This Home

As of December 2020

Price reduced! Bring offers. Townhome open for new tenant. Amazing opportunity for owner occupant to offset mortgage or investor to increase cash flow quickly!!! Three homes on one lot. Superior unit mix 3BR/2BA Front House, 3BR/2.5BA Townhome, 1BR/1BA Cottage. All homes have private yards, patios, storage, parking and laundry. Two-car attached garage for townhome. Two water meters on the lot. Property has been well maintained and updated extensively under current ownership. Agent has not verified public records, including but not limited to permits, lot size, number of rooms, age of property, zoning of property, use of property, HOA documents, CCRs or square footage. Buyer to assume investigation of all public records and documents*** Cottage unit not permitted. Agent has bids to permit the structure for appx. $12,500.

Last Agent to Sell the Property

Adrian Gonzalez

Bridgepoint Realty Inc License #01844618 Listed on: 08/18/2020

Last Buyer's Agent

Joseph Arendsen

Compass License #01841681

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • Property is Fully Fenced
  • Corner Lot

Parking

  • Alley Access

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for water, electricity, gas/propane, hot water
  • Assessor Parcel Number 466-251-22-00

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Talmadge Community

Building Details

  • Net Operating Income $53,501

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: Adams Ave
  • Neighborhood: Talmadge
  • Supplement: Agent has not verified public records, including but not limited to permits, lot size, number of rooms, age of property, zoning of property, use of property, HOA documents, CCRs or square footage. Buyer to assume investigation of all public records and documents*** Cottage unit not permitted. Agent has bids to permit the structure for appx. $12,500.
  • LP / Sq Ft: 17.48
  • 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: No
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 3
  • Prkng Non Garage Spac U3: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco, Wood
  • Fencing: Full
  • Roof: Composition

Utilities

  • Cooling: Central Forced Air, Wall/Window
  • Water Heater Type: Gas
  • Heat Equipment: Floor Furnace, Forced Air Unit

Condo/Co-op/Association

  • Complex Name: Talmadge
  • Community: SAN DIEGO

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Corner Lot
  • Assessor Parcel Number: 466-251-22-00

Rental Info

  • Tenant Pays: Water, Electricity, Gas/Propane, Hot Water

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 53501
  • Annual Expense Actual: 19831
  • Gross Rent Multiplier Actual: 16.2
  • Gross Rent Multiplier Projected: 13.2
  • Gross Sched Income Actual: 75600
  • Gross Sched Income Projected: 91440
  • Number Of Buildings: 3
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 3
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3

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
12/03/2020 12/03/20 Sold $1,175,000 -4.0% $402 / Sq Ft
10/02/2020 10/02/20 Pending -- -- --
09/08/2020 09/08/20 Price Changed $1,224,000 -2.0% $419 / Sq Ft
08/18/2020 08/18/20 For Sale $1,249,000 -- $428 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Adrian Gonzalez

    Seller's Agent in 2020

    Adrian Gonzalez

    Bridgepoint Realty Inc

    (858) 735-9977

    1 in this area

    42 Total Sales

    Adrian Gonzalez
    Section Image
  • Joseph Arendsen

    Buyer's Agent in 2020

    Joseph Arendsen

    Compass

    (888) 503-3117

    1 in this area

    136 Total Sales

    Joseph Arendsen
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 200039792

San Diego MLS

APN: 466-251-22-00

California San Diego County San Diego 92115 Talmadge

4624 51st St, San Diego, CA

This home is located at 4624 51st St, San Diego, CA 92115 since 18 August 2020. This property was built in 1986. 4624 51st St is a home located in San Diego County with nearby schools including Fay Elementary School, Mann Middle School, and Crawford High School.

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