$1,125,000
SOLD JUL 8, 2025
4 Beds
4 Baths
1,994 Sq Ft
6,502 Sq Ft Lot

Recently Sold

$564 Per Sq Ft

13% Below List Price

58 Days on Market

Highlights

  • Partially Fenced Property
  • Heating Available
  • 1-Story Property
  • Level Lot

About This Home

As of July 2025

Nestled in the heart of San Diego’s coveted Talmadge neighborhood, this well-maintained duplex presents an outstanding opportunity for both investors and owner-occupants. Featuring two spacious 2-bedroom, 2-bathroom units, this property is ideal for generating rental income, accommodating extended family, or supplementing a mortgage with rental revenue. Each unit has been recently updated with new patios, water heaters, and washers/dryers. A newly installed sprinkler system in the yard ensures easy maintenance, making this investment truly "plug-and-play." Well-appointed kitchens with granite countertops, combined with abundant natural light reflecting off hardwood floors, create a warm and inviting atmosphere. The property also includes a split garage, providing designated garage parking for each unit, along with an additional assigned off-street parking space. Located in a highly sought-after neighborhood, this duplex offers convenient access to local shops, restaurants, parks, major freeways, and SDSU. Additionally, San Diego’s favorable ADU regulations present an exciting opportunity for potential expansion, allowing for additional units to maximize income. Whether you're an investor seeking strong returns or a homeowner looking for a flexible living space, this Talmadge duplex is a rare find! Please DO NOT disturb the tenants. Visit virtual tour link for interior photos.

Last Agent to Sell the Property

Grant Thiem

Keller Williams Realty License #01984787 Listed on: 03/16/2025

Keller Williams Realty

Last Buyer's Agent

Grant Thiem

Keller Williams Realty License #01984787 Listed on: 03/16/2025

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,454

Year Built

  • Built in 1962

Lot Details

  • 6,502 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot
  • Sprinklers on Timer

Parking

  • Alley Access

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for water, electricity, gas/propane
  • Assessor Parcel Number 465-533-23-00

Community Details

Overview

  • 2 Units
  • Duplex Community

Pet Policy

  • Breed Restrictions

Building Details

  • Net Operating Income $51,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,454

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Adams Ave. & Altadena Ave.
  • Neighborhood: Talmadge
  • Stories: 1 Story
  • Sale Price List Price: 0.9
  • Total Stories: 1
  • Year Built: 1962
  • 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
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

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

Utilities

  • Cooling: Central Forced Air, Wall/Window
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Complex Name: Duplex
  • Pets Allowed: Allowed w/Restrictions
  • Community: TALMADGE

Lot Info

  • Irrigation: Automatic, Sprinklers
  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Public Street, Sidewalks, Street Paved
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Assessor Parcel Number: 465-533-23-00
  • Estimated Lot Sq Ft: 6502

Rental Info

  • Tenant Pays: Water, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 51700
  • Annual Expense Actual: 9500
  • Gross Rent Multiplier Actual: 21.0
  • Gross Sched Income Actual: 61200
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 2
  • 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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2025
Closed on
Jun 25, 2025
Sold by
Steuermann Annaliese and Kennel Annie
Bought by
Millenial Capital Llc
Seller's Agent
Grant Thiem
Keller Williams Realty
Buyer's Agent
Grant Thiem
Keller Williams Realty
List Price
$1,295,000
Sold Price
$1,125,000
Premium/Discount to List
-$170,000
-13.13%
Views
52

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
58.52%
Original Mortgage
$1,212,500
Outstanding Balance
$1,165,222
Interest Rate
6.86%
Mortgage Type
Construction
Estimated Equity
$34,729

Purchase Details

Closed on
Sep 2, 2015
Sold by
Fenton J Joseph and Fenton Cheryl Ann
Bought by
Steuermann Annaliese and Kennel Annie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 17, 2015
Sold by
Dmitrieva Irina M
Bought by
Boyer Rosana S

Purchase Details

Closed on
Oct 25, 2005
Sold by
Lampman Cheryl Ann
Bought by
Fenton J Joseph and Fenton Cheryl Ann

Purchase Details

Closed on
Jun 18, 2003
Sold by
Harrod James G
Bought by
Lampman Cherylann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
5.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 9, 2000
Sold by
Freeman Frank
Bought by
Harrod James G and Lampman Cheryl Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,483
Interest Rate
8.11%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 21, 1998
Sold by
Frank Freeman
Bought by
Freeman Frank

Purchase Details

Closed on
Nov 9, 1993
Sold by
Freemen Frank
Bought by
Freemen Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,300
Interest Rate
6.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 22, 1989
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,125,000 Chicago Title
Grant Deed $650,000 Chicago Title Company
Grant Deed -- Chicago Title Company
Grant Deed -- --
Quit Claim Deed -- Chicago Title Co
Grant Deed $265,000 Old Republic Title Company
Interfamily Deed Transfer -- --
Grant Deed -- Commonwealth Land Title Co
Deed $175,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,212,500 Construction
Previous Owner $350,000 Commercial
Previous Owner $150,000 Credit Line Revolving
Previous Owner $322,700 Commercial
Previous Owner $39,300 Credit Line Revolving
Previous Owner $300,700 Commercial
Previous Owner $33,000 Credit Line Revolving
Previous Owner $261,483 FHA
Previous Owner $139,300 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2025 07/08/25 Sold $1,125,000 -9.6% $564 / Sq Ft
05/14/2025 05/14/25 Pending -- -- --
05/05/2025 05/05/25 Price Changed $1,245,000 -3.9% $624 / Sq Ft
03/16/2025 03/16/25 For Sale $1,295,000 -- $649 / 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
2025 $9,454 $769,460 $473,451 $296,009
2024 $9,454 $754,373 $464,168 $290,205
2023 $9,249 $739,582 $455,067 $284,515
2022 $9,000 $725,082 $446,145 $278,937
2021 $8,940 $710,866 $437,398 $273,468
2020 $8,833 $703,578 $432,914 $270,664
2019 $8,678 $689,783 $424,426 $265,357
2018 $8,119 $676,258 $416,104 $260,154
2017 $7,924 $662,999 $407,946 $255,053
2016 $7,800 $650,000 $399,948 $250,052
2015 $5,909 $488,880 $300,810 $188,070
2014 $5,819 $479,304 $294,918 $184,386
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 250021613

San Diego MLS

APN: 465-533-23