$1,181,000
SOLD APR 29, 2025
7 Beds
4 Baths
-- Sq Ft
6,098 Sq Ft Lot

Recently Sold

12% Below List Price

59 Days on Market

About This Home

As of April 2025

Located in San Diego’s premier El Cerrito neighborhood, this property offers a sought-after location with strong community appeal. This 3-unit property on Meade Ave is a prime rental and investment opportunity, perfect for off-campus student housing. The property includes a recently renovated 4-bedroom, 2-bathroom main front house, a beautifully updated studio unit, and a 2-bedroom, 1-bathroom ADU. The renovated units feature clean, modern finishes and brand-new appliances, offering a stylish and comfortable living experience. With an onsite driveway for parking, this property is an ideal choice for investors or those seeking versatile housing options. Back-unit (2Bed/1bath) will only be shown with an accepted offer.

Last Agent to Sell the Property

Jason Lee

Nara Advisors, Inc. License #02068011 Listed on: 01/24/2025

Last Buyer's Agent

Hedda Parashos

Palisade Realty Inc License #01773167

Palisade Realty Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Interior Spaces

  • 1-Story Property

Listing and Financial Details

  • Assessor Parcel Number 472-092-13-00

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • Net Operating Income $4,283

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: 58th St & Meade Ave
  • Neighborhood: El Cerrito
  • LP / Sq Ft: 16.83
  • Stories: 1 Story
  • Sale Price List Price: 0.91
  • Total Stories: 1
  • Year Built: 1950
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Condo/Co-op/Association

  • Community: SAN DIEGO

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Additional Property Use: ORMKS
  • Assessor Parcel Number: 472-092-13-00

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 4283
  • Annual Expense Actual: 25358
  • Annual Expense Projected: 25358
  • Gross Rent Multiplier Actual: 44.7
  • Gross Rent Multiplier Projected: 12.9
  • Gross Sched Income Actual: 31200
  • Gross Sched Income Projected: 107940
  • Number Of Buildings: 3
  • Number Of Units With Cooling: 3

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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
04/29/2025 04/29/25 Sold $1,181,000 -9.1% --
03/25/2025 03/25/25 Pending -- -- --
03/11/2025 03/11/25 Price Changed $1,299,000 -3.4% --
03/04/2025 03/04/25 For Sale $1,345,000 0.0% --
02/24/2025 02/24/25 Pending -- -- --
02/19/2025 02/19/25 Price Changed $1,345,000 -3.6% --
01/24/2025 01/24/25 For Sale $1,395,000 +91.1% --
11/03/2015 11/03/15 Sold $730,000 -2.7% $306 / Sq Ft
09/30/2015 09/30/15 Pending -- -- --
07/23/2015 07/23/15 For Sale $750,000 -- $315 / 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: 250017233

San Diego MLS

APN: 472-092-13-00