NOT LISTED FOR SALE

5712 Potomac St San Diego, CA 92139

Paradise Hills Neighborhood
4 Beds
2 Baths
1,350 Sq Ft
5,322 Sq Ft Lot

Last Sold September 28, 2018

Last sale price $520,000 $385 Per Sq Ft

16 Days on Market

About This Home

As of September 2018

Two Single Family Detached Homes on One Lot, Both are 2 Bedrooms, 1 Bath, and approximately 675 SF Each. Front House recently vacated and renovations almost complete, including fresh paint, new light/fan fixtures, new vanity and medicine cabinet in bath, new bath window ordered to be installed, all new blinds, ready to move right in, fresh exterior paint, past tenant paid $1100 projected rents are $1500. No refrigerator or stove in kitchen, dual pane windows, all new doors, fenced in Both houses have their own water heaters, both new and newer, there is one water meter for house owner pays the water currently, tenants pay SDG&E the front house has been renovated and refreshed, move in ready painting inside and out, the plan is to continue the lovely exterior paint on back unit when that tenant vacates in September. Off street parking. This property was owned many years by same family and is a Trust situation. Great entry level income property for investor, or buyer who wants to live and one and rent the other. All data is deemed to be reliable but not guaranteed, buyer to satisfy themselves to all input measurements and remarks

Last Agent to Sell the Property

Sandy Booth

Realty Source Incorporated License #00964554 Listed on: 08/27/2018

Last Buyer's Agent

Jesus Flores-Ruelas

Coldwell Banker West License #01124362

Coldwell Banker West

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 5,322 Sq Ft Lot
  • Level Lot

Parking

  • RV Potential

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Schools

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

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 587-042-17-00

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Net Operating Income $26,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: Reo Drive
  • Neighborhood: Paradise Hills
  • Supplement: Both houses have their own water heaters, both new and newer, there is one water meter for house owner pays the water currently, tenants pay SDG&E the front house has been renovated and refreshed, move in ready painting inside and out, the plan is to continue the lovely exterior paint on back unit when that tenant vacates in September. Off street parking. This property was owned many years by same family and is a Trust situation. Great entry level income property for investor, or buyer who wants to live and one and rent the other. All data is deemed to be reliable but not guaranteed, buyer to satisfy themselves to all input measurements and remarks
  • Stories: 1 Story
  • Sale Price List Price: 0.92
  • Total Stories: 1
  • Year Built: 1962
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Roof: Composition

Garage/Parking

  • Parking for RV: Potential Space

Utilities

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

Condo/Co-op/Association

  • Community: PARADISE HILLS

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: Public Street
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: R-2
  • Assessor Parcel Number: 587-042-17-00
  • Estimated Lot Dimensions: 102x51
  • Estimated Lot Sq Ft: 5322
  • Water District URL: http://www.ci.san-diego.ca.us/water

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 26400
  • Annual Expense Actual: 5000
  • Gross Rent Multiplier Actual: 7.0
  • Gross Sched Income Actual: 27280
  • Gross Sched Income Projected: 36000
  • Number Of Buildings: 2
  • Number Of Units With Dryers: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 1
  • Number Of Units With Refrigerator: 1
  • Number Of Units With Washers: 1

Range of Values:

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List Price
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
09/28/2018 09/28/18 Sold $520,000 -8.0% $385 / Sq Ft
09/13/2018 09/13/18 Pending -- -- --
09/07/2018 09/07/18 Price Changed $565,000 -1.7% $419 / Sq Ft
08/27/2018 08/27/18 For Sale $575,000 -- $426 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sandy Booth

    Seller's Agent in 2018

    Sandy Booth

    Realty Source Incorporated

    (619) 341-4884

    5 Total Sales

    Section Image

  • J

    Buyer's Agent in 2018

    Jesus Flores-Ruelas

    Coldwell Banker West

    (619) 271-9500

    11 Total Sales

    Jesus Flores-Ruelas
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 180048046

San Diego MLS

APN: 587-042-17-00

California San Diego County San Diego 92139 Paradise Hills

5712 Potomac St, San Diego, CA

This home is located at 5712 Potomac St, San Diego, CA 92139 since 27 August 2018. This property was built in 1962. 5712 Potomac St is a home located in San Diego County with nearby schools including Paradise Hills Elementary School, Bell Middle School, and Morse High School.

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