NOT LISTED FOR SALE

4755-57 Terrace Dr San Diego, CA 92116

Kensington Neighborhood
3 Beds
3 Baths
2,250 Sq Ft
1940 Built

Last Sold September 16, 2022

Last sale price $1,462,000 $650 Per Sq Ft

59 Days on Market

Highlights

  • Level Lot
  • Lewis Middle School Rated A-
  • 4-minute walk to Kensington Mini Park

About This Home

As of September 2022

Kensington! Three units close to the village! Two bedroom one bath in front, studio in the middle and a one bedroom one bath in the rear over two garages. Rents have huge upside potential...some are long term but all on month to month. Very minimal annual expenses. Front tenant owns her own refrigerator and stove.Well maintained by long term owner. Much of the interiors are in original but very good condition. Photos represent all three units. Easy maintenance yard too. A great opportunity to own in the village!

Last Agent to Sell the Property

Michael Tristani

Tristani Real Estate License #01406640 Listed on: 07/01/2022

Last Buyer's Agent

Michael Tristani

Tristani Real Estate License #01406640 Listed on: 07/01/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • 1940

Parking

  • Alley Access

Home Design

  • Composition Roof
  • Stucco Exterior

Utilities

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

Additional Features

  • 2-Story Property
  • Level Lot

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 440-542-22-00

Community Details

Overview

  • 3 Buildings
  • 3 Units

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $45,240

Property Details

Home Type

Multi-Family

Year Built

1940

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Metro Uptown
  • Cross Street: Alder
  • Neighborhood: Kensington
  • Stories: 2 Story
  • Sale Price List Price: 0.98
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1940

Exterior Features

  • Exterior Material: Stucco
  • Roof: Composition

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: KENSINGTON

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access
  • Topography: Level
  • Assessor Parcel Number: 440-542-22-00

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 45240
  • Annual Expense Actual: 4500
  • Gross Rent Multiplier Actual: 31.7
  • Gross Rent Multiplier Projected: 22.3
  • Gross Sched Income Actual: 49740
  • Gross Sched Income Projected: 70800
  • Number Of Buildings: 3
  • Number Of Units With Dryers: 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: 1

Range of Values:

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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
09/16/2022 09/16/22 Sold $1,462,000 -2.2% $650 / Sq Ft
08/30/2022 08/30/22 Pending -- -- --
08/23/2022 08/23/22 Price Changed $1,495,000 -5.3% $664 / Sq Ft
07/20/2022 07/20/22 Price Changed $1,579,000 -7.1% $702 / Sq Ft
07/01/2022 07/01/22 For Sale $1,700,000 -- $756 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael Tristani

    Seller's Agent in 2022

    Michael Tristani

    Tristani Real Estate

    (619) 501-4000

    47 in this area

    77 Total Sales

    Michael Tristani
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Map

Source: San Diego MLS

MLS Number: 220016893

San Diego MLS
California San Diego County San Diego 92116 Kensington

4755-57 Terrace Dr, San Diego, CA

This home is located at 4755-57 Terrace Dr, San Diego, CA 92116 since 01 July 2022. This property was built in 1940. 4755-57 Terrace Dr is a home located in San Diego County with nearby schools including Franklin Elementary School, Wilson Middle School, and Lewis Middle School.

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