$1,450,000
SOLD JAN 3, 2025
7 Beds
4 Baths
3,000 Sq Ft
5,250 Sq Ft Lot

Recently Sold

$483 Per Sq Ft

3% Below List Price

16 Days on Market

Highlights

  • 0.12 Acre Lot
  • Wood Siding
  • 4-minute walk to Fault Line Park
  • Property is Fully Fenced
  • 1-Story Property

About This Home

As of January 2025

We are pleased to present for sale 549 17th Street, four contiguous restored cottages in the gentrifying “East Village” neighborhood of Downtown, San Diego, CA. The property consists of three 2-bedroom / 1-bath cottages (approximately 800 SF) and a single 1-bedroom / 1-bath cottage (approximately 600 SF) on a single 5,250 SF parcel. Completely remodeled cottages include luxury vinyl plank flooring, quartz countertops, stainless steel appliances and small private yards for each unit. Roofs have been replaced on 562 & 567 in 2017, along with copper plumbing updates to 549 hot and cold water supply lines. Overall condition of electrical and plumbing is good and month-to-month tenants enjoy shared onsite laundry. 17th Street offers a rare alternative to condominium and apartment living in the city with walking proximity to jobs, stores and entertainment.

Last Agent to Sell the Property

Conor Brennan

Marcus & Millichap License #01918598 Listed on: 11/19/2024

Last Buyer's Agent

Conor Brennan

Marcus & Millichap License #01918598 Listed on: 11/19/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 5,250 Sq Ft Lot
  • Property is Fully Fenced

Home Design

  • Composition Roof
  • Wood Siding

Additional Features

  • 1-Story Property
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 535-190-07-00

Community Details

Overview

  • 4 Buildings
  • 4 Units
  • Complex Community

Building Details

  • Net Operating Income $64,255

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: 17th and Market
  • Neighborhood: downtown
  • Stories: 1 Story
  • Sale Price List Price: 0.97
  • Total Stories: 1
  • Year Built: 1920
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

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

Utilities

  • Cooling: Wall/Window

Condo/Co-op/Association

  • Complex Name: complex

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Zoning: CCPD-RE
  • Assessor Parcel Number: 535-190-07-00
  • Estimated Lot Sq Ft: 5250
  • Estimated Number of Acres: 0.12

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 64255
  • Annual Expense Actual: 32640
  • Gross Rent Multiplier Actual: 16.13
  • Gross Sched Income Actual: 99180
  • Number Of Buildings: 4
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Other Income Actual: 690

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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
01/03/2025 01/03/25 Sold $1,450,000 -2.7% $483 / Sq Ft
12/06/2024 12/06/24 Pending -- -- --
11/19/2024 11/19/24 For Sale $1,490,000 -- $497 / 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: 240027118

San Diego MLS

APN: 535-190-07-00