NOT LISTED FOR SALE

531 25th St San Diego, CA 92102

Grant Hill Neighborhood
3 Beds
2 Baths
2,100 Sq Ft
6,996 Sq Ft Lot

Last Sold April 18, 2022

Last sale price $1,055,000 $502 Per Sq Ft

14 Days on Market

About This Home

As of April 2022

Located minutes from Downtown San Diego the subject property consists of three standalone units, each of which is separately metered for all utilities other than water and is privately fenced. The front and middle units are both 2B/1B units and there are two single car garages with alley access located in the back of the property under the 1B/1B unit. Additionally, the property is located in a San Diego Qualified Opportunity Zone and the San Diego Unified School District. New owners of the property could look to add value through exterior/interior cosmetic improvements and the possible development of an additional unit or ADU.

Last Agent to Sell the Property

Ari Gharib

LFA Multifamily Inc. License #01981194 Listed on: 02/17/2022

Last Buyer's Agent

Ari Gharib

LFA Multifamily Inc. License #01981194 Listed on: 02/17/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1935

Lot Details

  • 6,996 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre
  • 5352722000

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Interior Spaces

  • 2,100 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 23 / 22
  • Tax Tract Number 56
  • Assessor Parcel Number 5352721900
  • $33 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • San Diego Subdivision

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,400
  • Operating Expense $16,430
  • Gross Income $39,576
  • Net Operating Income $23,146

Property Details

Home Type

Multi-Family

Year Built

Built in 1935

Lot Details

0

Parking

2

Listing Details

  • CapRate: 2.12
  • Price Per Unit: 363333
  • Property Attached: No
  • Subdivision Name Other: San Diego
  • Zoning: C
  • Property Type: Residential Income
  • Parcel Number: 5352721900
  • Year Built: 1935
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: One, Two
  • Price Per Square Foot: 502.38

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Urban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 5352722000
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6996.00
  • Lot Size Acres: 0.1606

Multi Family

  • Gross Multiplier: 26.72
  • Gross Operating Income: 39576.00
  • Gross Scheduled Income: 40800.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 6996.0000 Square Feet
  • Net Operating Income: 23146.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 16430.00
  • Rent Control: No
  • Total Expenses: 16430.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: 22
  • Tax Census Tract: 48.00
  • Tax Lot: 23
  • Tax Tract Number: 56
  • TaxOtherAnnualAssessmentAmount: 33.00

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 List to Sale Price per Sq Ft
04/18/2022 04/18/22 Sold $1,055,000 -3.2% $502 / Sq Ft
02/17/2022 02/17/22 For Sale $1,090,000 -- $519 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Ari Gharib

    LFA Multifamily Inc.

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22032201

California Regional Multiple Listing Service (CRMLS)

APN: 535-272-19-00

California San Diego County San Diego 92102 Grant Hill

531 25th St, San Diego, CA

This home is located at 531 25th St, San Diego, CA 92102 since 17 February 2022. This property was built in 1935. 531 25th St is a home located in San Diego County with nearby schools including Sherman Elementary School, Logan Memorial Educational Campus, and Urban Discovery Academy Charter.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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