NOT LISTED FOR SALE

5982 Riley St San Diego, CA 92110

Morena Neighborhood
4 Beds
3 Baths
2,046 Sq Ft
4,990 Sq Ft Lot

Last Sold July 28, 2020

Last sale price $925,000 $452 Per Sq Ft

About This Home

As of July 2020

Extremely rare 2 unit offering in highly desirable Friars Rd/USD area of West Mission Valley! Great unmatched corner lot location with sweeping Mission Valley Golf Course/panoramic views from the wrap around expansive deck. Huge garage plus with additional storage/workroom space plus off-street parking. Maintain as long-term rentals and/or develop potentially up to 4-5 view condos(Buyer to verify)! Property includes a 3 bedroom, 2 bath front house with an additional permitted 1 bedroom 1 bath back cottage, both with outdoor patios. Current rents for 3 bedroom house($2,750) and 1 bedroom cottage($1,450) until May 31, 2021. Separate gas/electric meters. 1 water meter for both units--tenants pay for all utilities. Fireplace in 3 bedroom home. Gas water heater in each unit. Walking distance to USD, Fashion Valley and minutes away from the beach and freeways!

Last Agent to Sell the Property

Robert C. Hudnall

Robert C. Hudnall, Broker License #00553987 Listed on: 06/11/2020

Last Buyer's Agent

Robert C. Hudnall

Robert C. Hudnall, Broker License #00553987 Listed on: 06/11/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 4,990

Home Design

  • Rolled or Hot Mop Roof
  • Wood Siding
  • Stucco Exterior

Additional Features

  • 1-Story Property
  • 4,990 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for water, electricity, gas/propane, hot water
  • Assessor Parcel Number 436-422-08-00

Community Details

Overview

  • 2 Units
  • Silver Terrace Community

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $38,400

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
  • Cross Street: Goshen
  • Neighborhood: West Mission Valley
  • Supplement: Property includes a 3 bedroom, 2 bath front house with an additional permitted 1 bedroom 1 bath back cottage, both with outdoor patios. Current rents for 3 bedroom house($2,750) and 1 bedroom cottage($1,450) until May 31, 2021. Separate gas/electric meters. 1 water meter for both units--tenants pay for all utilities. Fireplace in 3 bedroom home. Gas water heater in each unit. Walking distance to USD, Fashion Valley and minutes away from the beach and freeways!
  • LP / Sq Ft: 18.57
  • Stories: 1 Story
  • Sale Price List Price: 0.95
  • Total Stories: 1
  • Year Built: 1950
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Block, Stucco, Wood, Wood/Stucco
  • Roof: Rolled/Hot Mop

Condo/Co-op/Association

  • Complex Name: Silver Terrace
  • Pets Allowed: Yes
  • Community: MISSION VALLEY

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Zoning: RM-3-7
  • Assessor Parcel Number: 436-422-08-00
  • Estimated Lot Sq Ft: 4990

Rental Info

  • Tenant Pays: Water, Electricity, Gas/Propane, Hot Water

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 38400
  • Annual Expense Actual: 12000
  • Annual Expense Projected: 13250
  • Gross Rent Multiplier Actual: 19.34
  • Gross Rent Multiplier Projected: 14.77
  • Gross Sched Income Actual: 50400
  • Gross Sched Income Projected: 66000
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Dryers: 2
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

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
07/28/2020 07/28/20 Sold $925,000 -5.1% $452 / Sq Ft
06/12/2020 06/12/20 Pending -- -- --
06/11/2020 06/11/20 For Sale $975,000 -- $477 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    Robert C. Hudnall

    Robert C. Hudnall, Broker

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Map

Source: San Diego MLS

MLS Number: 200026907

San Diego MLS

APN: 436-422-08-00

California San Diego County San Diego 92110 Morena

5982 Riley St, San Diego, CA

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