NOT LISTED FOR SALE
5 Beds
3 Baths
2,125 Sq Ft
5,998 Sq Ft Lot

Last Sold March 01, 2013

Last sale price $700,000 $329 Per Sq Ft

57 Days on Market

Highlights

  • 1-Story Property
  • Gated Home
  • 2-minute walk to Mountain View Mini Park
  • Laundry Facilities
  • Level Lot

About This Home

As of March 2013

This is a "One of a Kind" 2-unit investment opportunity, that has just been reduced for the New Year! The front unit is completely move-in ready with a long-term back unit tenant in place. The front home has been completely renovated, literally from the foundation up. It boasts new dual-pane windows throughout, hardwood floors, travertine and carpet, a new furnace & water heater, completely re-done bathrooms and an updated gas fireplace with lava rocks. In addition, the front home comes with a 32" TV that has been pre-wired and mounted over the fireplace in the Living Room. All bedrooms have new doors, along with mirrored closets. Two of the three bedrooms have Hunter Douglas Ceiling Fans with lights. The master bathroom has a 66" Auburn Maple vanity, with Perla countertops and double square sinks, mirrors and excellent lighting. There is a matching single-sink vanity/countertop in the hallway bathroom. Both bathrooms have sleek low-flow toilets. The kitchen has an "open" concept with plenty of cabinetry. It's light and bright, with a designated dining room area with another ceiling fan/light fixture. There is a good size back yard/patio area that is waiting for your personal touch. The back unit is located over the 2-car garage (could be a 3-car garage**see agent for details) with alley access and includes its own 2-car tandem parking area. Within the garage there is a shared laundry room, however, you could install a separate laundry facility for the front house in the garage as well. You simply won't find anything comparable right now in the Normal Heights area!

Last Agent to Sell the Property

Carol Stanford

eXp Realty of California, Inc License #01390529 Listed on: 12/07/2012

eXp Realty of California, Inc

Co-Listed By

Alma Porras

Coldwell Banker West License #01319702

Last Buyer's Agent

Dawn Leahy

Pacific Sotheby's Int'l Realty License #01292805

Pacific Sotheby's Int'l Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1982

Lot Details

  • 5,998 Sq Ft Lot
  • Gated Home
  • Property is Fully Fenced
  • Level Lot
  • Sprinkler System

Parking

  • Alley Access

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV, electricity, hot water
  • Assessor Parcel Number 439-230-37-00

Community Details

Overview

  • 2 Buildings
  • 2 Units

Pet Policy

  • Pets Allowed

Additional Features

  • Laundry Facilities
  • Net Operating Income $2,300

Property Details

Home Type

Multi-Family

Year Built

1982

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Metro Uptown
  • Cross Street: Arthur Ave.
  • Neighborhood: Normal Heights
  • Supplement: In addition, the front home comes with a 32" TV that has been pre-wired and mounted over the fireplace in the Living Room. All bedrooms have new doors, along with mirrored closets. Two of the three bedrooms have Hunter Douglas Ceiling Fans with lights. The master bathroom has a 66" Auburn Maple vanity, with Perla countertops and double square sinks, mirrors and excellent lighting. There is a matching single-sink vanity/countertop in the hallway bathroom. Both bathrooms have sleek low-flow toilets. The kitchen has an "open" concept with plenty of cabinetry. It's light and bright, with a designated dining room area with another ceiling fan/light fixture. There is a good size back yard/patio area that is waiting for your personal touch. The back unit is located over the 2-car garage (could be a 3-car garage**see agent for details) with alley access and includes its own 2-car tandem parking area. Within the garage there is a shared laundry room, however, you could install a separate laundry facility for the front house in the garage as well. You simply won't find anything comparable right now in the Normal Heights area!
  • Stories: 1 Story
  • Sale Price List Price: 0.97
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1982

Exterior Features

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

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: NORMAL HEIGHTS
  • Complex Features: Laundry Facilities

Schools

  • School District URL: https://www.sandiegounified.org/

Lot Info

  • Irrigation: Sprinklers
  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Curbs, Public Street, Sidewalks, Street Paved
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: 2
  • Assessor Parcel Number: 439-230-37-00
  • Land Use Code: 2-4
  • Estimated Lot Sq Ft: 5998

Rental Info

  • Tenant Pays: Cable TV, Electricity, Hot Water

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 2300
  • Annual Expense Actual: 8500
  • Annual Expense Projected: 10000
  • Gross Rent Multiplier Actual: 69.44
  • Gross Rent Multiplier Projected: 15.24
  • Gross Sched Income Actual: 10800
  • Gross Sched Income Projected: 49200
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 1
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 1
  • 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
03/01/2013 03/01/13 Sold $700,000 -6.7% $329 / Sq Ft
01/31/2013 01/31/13 Pending -- -- --
12/05/2012 12/05/12 For Sale $750,000 -- $353 / 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: 120059794

San Diego MLS

APN: 439-230-37-00