NOT LISTED FOR SALE
5 Beds
4 Baths
2,150 Sq Ft
6,996 Sq Ft Lot

Last Sold March 29, 2013

Last sale price $600,000 $279 Per Sq Ft

5 Days on Market

Highlights

  • Floor Furnace
  • Partially Fenced Property
  • Wood Siding
  • Garfield Elementary Rated A-
  • Level Lot

About This Home

As of March 2013

Great Investment Opportunity!! 3Br/1Ba Craftsman-Style Home w/2 Apartments & 3 Single-Car Garages at the Rear of Property and a Business Office at the Front. Main house offers old world charm w/vintage windows, doors, and cabinets. Home features open & spacious floor plan; built-in cabinets in living room; & cabinets, drawers, & shelf in the hallway. The (2) 1Br/1Ba apartments sit on top of the alley-access garages and overlook the large gated common area for tenants. The office & billboard are at front.

Last Listed By

Kevin Sheedy

Kevin Sheedy Realty License #01783042 Listed on: 01/28/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $31,459

Year Built

  • 1940

Lot Details

  • 6,996 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 446-024-21-00

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • Net Operating Income $31,342

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$31,459

Year Built

1940

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Metro Uptown
  • Cross Street: Madison Avenue
  • Neighborhood: North Park
  • LP / Sq Ft: 237.16
  • Price Per Sq Ft: 279.07
  • SP/ Sq Ft: 279.07
  • Stories: 2 Story
  • Sale Price List Price: 1.18
  • Unit Sq Ft: 2150.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1940

Exterior Features

  • Exterior Material: Stucco, Wood, Wood/Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

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

Condo/Co-op/Association

  • Community: UNIVERSITY HEIGHTS
  • Manager Name: FBS
  • Manager Phone: 619-286-7600

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: C
  • Assessor Parcel Number: 446-024-21-00
  • Land Use Code: Comm
  • Estimated Lot Sq Ft: 6996

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 31342
  • Annual Expense Actual: 13538
  • Gross Rent Multiplier Actual: 11.36
  • Gross Sched Income Actual: 44880
  • Gross Sched Income Projected: 49200
  • Number Of Buildings: 3
  • Number Of Units With Cooling: 1
  • Number Of Units With Garage: 3
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 11, 2017
Sold by
Bmmb On 30Th Llc
Bought by
Idnp Holdings Llc
Total Days on Market
5

Purchase Details

Closed on
Jul 7, 2017
Sold by
Malick Susan
Bought by
Malick John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,720,000
Interest Rate
3.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 16, 2017
Sold by
Bmmb On 30Th Llc
Bought by
Idnp Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,720,000
Interest Rate
3.93%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 28, 2013
Closed on
Mar 20, 2013
Sold by
Oliva Frank A and Maloof George Meetry
Bought by
Bmmb On 30Th Llc
Seller's Agent
Kevin Sheedy
Kevin Sheedy Realty
Buyer's Agent
Kevin Sheedy
Kevin Sheedy Realty
List Price
$509,900
Sold Price
$600,000
Premium/Discount to List
$90,100
17.67%

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Malick John -- First American Title Company
Malick Susan -- First American Title Company
Idnp Holdings Llc -- Accommodation
Bmmb On 30Th Llc $600,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Idnp Holdings Llc $2,600,000
Previous Owner Malick John $2,720,000
Previous Owner Bmmb On 30Th Llc $2,800,000
Previous Owner Bmmb On 30Th Llc $0
Previous Owner Bmmb On 30Th Llc $1,812,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2013 03/29/13 Sold $600,000 +17.7% $279 / Sq Ft
02/02/2013 02/02/13 Pending -- -- --
01/28/2013 01/28/13 For Sale $509,900 -- $237 / Sq Ft
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
2024 $31,459 $2,554,095 $482,910 $2,071,185
2023 $30,765 $2,504,016 $473,442 $2,030,574
2022 $29,946 $2,454,918 $464,159 $1,990,759
2021 $29,738 $2,406,783 $455,058 $1,951,725
2020 $29,376 $2,382,105 $450,392 $1,931,713
2019 $28,852 $2,335,398 $441,561 $1,893,837
2018 $26,972 $2,289,606 $432,903 $1,856,703
2017 $26,332 $2,244,713 $424,415 $1,820,298
2016 $25,917 $2,200,700 $416,094 $1,784,606
2015 $11,395 $963,858 $409,844 $554,014
2014 $7,187 $602,724 $401,816 $200,908
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 130004777

San Diego MLS

APN: 446-024-21