$875,000
SOLD MAR 23, 2017
4 Beds
3 Baths
-- Sq Ft
6,122 Sq Ft Lot

Recently Sold

3% Below List Price

31 Days on Market

Highlights

  • Property is Fully Fenced
  • Level Lot
  • Gravity Heating System

About This Home

As of July 2018

Vintage Tudor-style triplex located in the Normal Heights area of San Diego. Great for investor or owner-occupant who wants to live in one unit and rent out the other two. The front house (#4676) has 2 bedrooms and 1 bath and was built in 1927 (estimated). The living room features a beautiful, period style fireplace, lath and plaster walls, separate dining room and kitchen. This unit also has a good sized, private back yard and a carport. ... (MORE Below in Supplement) (Continued Public Remarks) ... The upstairs studio unit (#4676 1/2) has a large living area and 1 Separate outside entrance. The rear unit (#4678) is a detached 2 bedroom, 1 bath single level home with kitchen, laundry area, 1 car garage, and private side yard. This unit was built later (possibly 1950s). All units have separate gas and electric meters. Front and rear units have inside laundry. Water bill is split between tenants. Extra outside parking spaces. Current rents are below market and reflect long term tenants. The property has been owned by the same family for many years. It is fully rented (month-to-month tenants) and has always been professionally managed and maintained.

Last Agent to Sell the Property

Ron Denhaan

Realty One Group License #01728866 Listed on: 01/13/2017

Last Buyer's Agent

Erik Knutson

Team Metro License #01298772

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 6,122 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot

Parking

  • Alley Access

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Schools

  • San Diego Unified School District Elementary And Middle School
  • San Diego Unified School District High School

Utilities

  • Gravity Heating System
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for water, electricity, gas/propane
  • Assessor Parcel Number 439-420-07-00

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Net Operating Income $16,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Adams
  • Neighborhood: Normal Heights
  • Supplement: (Continued Public Remarks) ... The upstairs studio unit (#4676 1/2) has a large living area and 1 Separate outside entrance. The rear unit (#4678) is a detached 2 bedroom, 1 bath single level home with kitchen, laundry area, 1 car garage, and private side yard. This unit was built later (possibly 1950s). All units have separate gas and electric meters. Front and rear units have inside laundry. Water bill is split between tenants. Extra outside parking spaces. Current rents are below market and reflect long term tenants. The property has been owned by the same family for many years. It is fully rented (month-to-month tenants) and has always been professionally managed and maintained.
  • LP / Sq Ft: 22.25
  • Stories: 2 Story
  • Sale Price List Price: 0.97
  • Total Stories: 2
  • Year Built: 1927
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Prkng Non Garage Spac U3: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

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

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: Not Applicable
  • Community: NORMAL HEIGHTS

Schools

  • School District URL: https://www.sandiegounified.org/
  • Elementary School: San Diego Unified School District
  • Elementary School Website: https://www.sandiegounified.org/
  • High School: San Diego Unified School District
  • Middle School Url: https://www.sandiegounified.org/
  • Middle School: San Diego Unified School District

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access
  • Topography: Level
  • Zoning: R-3:RESTRI
  • Assessor Parcel Number: 439-420-07-00
  • Land Use Code: R3
  • Estimated Lot Sq Ft: 6122
  • Estimated Number of Acres: 0.14

Rental Info

  • Tenant Pays: Water, Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 16000
  • Annual Expense Actual: 10000
  • Gross Rent Multiplier Actual: 29.0
  • Gross Rent Multiplier Projected: 17.62
  • Gross Sched Income Actual: 31000
  • Gross Sched Income Projected: 5100
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 2

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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
07/27/2018 07/27/18 Sold $1,212,000 -6.7% --
06/25/2018 06/25/18 Pending -- -- --
05/22/2018 05/22/18 Price Changed $1,299,000 -6.9% --
05/11/2018 05/11/18 For Sale $1,395,000 +59.4% --
03/23/2017 03/23/17 Sold $875,000 -2.7% --
02/10/2017 02/10/17 Pending -- -- --
01/10/2017 01/10/17 For Sale $899,000 -- --
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: 170002404

San Diego MLS

APN: 439-420-07-00