NOT LISTED FOR SALE
3 Beds
2 Baths
1,450 Sq Ft
7,002 Sq Ft Lot

Last Sold October 11, 2019

Last sale price $1,180,000 $814 Per Sq Ft

20 Days on Market

Highlights

  • Floor Furnace
  • Property is Fully Fenced
  • Wood Siding
  • Garfield Elementary Rated A-
  • Level Lot
  • 1-Story Property

About This Home

As of October 2019

Fantastic opportunity to build a 14 unit project (with storefront) in very trendy Normal Heights, only half block to Adams Ave. Conceptual design and renderings have been completed by Coastal Form architect Trent Kelly. CC-3-7 zoning on a 7,000 square foot lot, 50' wide by 140' street to alley. Property lies in a Transit Priority zone, and alternative design would be for an 18 micro unit project. Current structures have been historically cleared. Long-term tenants happy to stay until construction begins.

Last Agent to Sell the Property

Eric Sands

Eric Sands Real Estate License #01132375 Listed on: 07/10/2019

Last Buyer's Agent

Non-Member Default

Default Non-Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1936

Lot Details

  • 7,002 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot
  • Sprinkler System

Home Design

  • Rolled or Hot Mop Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 446-021-11-00

Community Details

Overview

  • Association fees include sewer
  • 2 Buildings
  • 2 Units

Building Details

  • Net Operating Income $33,156

Property Details

Home Type

Multi-Family

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Adams Ave.
  • Neighborhood: Normal Heights
  • Miscellaneous: Value in Land
  • Stories: 1 Story
  • Sale Price List Price: 0.94
  • Total Stories: 1
  • Year Built: 1936
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 5
  • Prkng Non Garage Spac U2: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco, Wood
  • Fencing: Full
  • Roof: Rolled/Hot Mop

Utilities

  • Cooling: Wall/Window
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Floor Furnace

Condo/Co-op/Association

  • Community: NORMAL HEIGHTS
  • Home Owner Association Fee Includes: Sewer
  • Manager Name: Neumarsa Properties LLC
  • Manager Phone: 619-981-2770

Lot Info

  • Irrigation: Sprinklers
  • Lot Size: 4,000-7,499 SF
  • Site: Public Street
  • Topography: Level
  • Zoning: CC-3-7
  • Assessor Parcel Number: 446-021-11-00
  • Estimated Lot Dimensions: 50x140
  • Estimated Lot Sq Ft: 7002
  • Estimated Number of Acres: 0.16
  • Map Code Column: E
  • Map Code Page: 1269
  • Map Code Row: 3

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 33156
  • Annual Expense Actual: 11784
  • Gross Rent Multiplier Actual: 27.8
  • Gross Sched Income Actual: 44940
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 1
  • Number Of Units With Dryers: 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: 1

Range of Values:

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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
10/11/2019 10/11/19 Sold $1,180,000 -5.6% $814 / Sq Ft
07/31/2019 07/31/19 Pending -- -- --
07/10/2019 07/10/19 For Sale $1,250,000 -- $862 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 190037800

San Diego MLS