NOT LISTED FOR SALE

6979-85 Lisbon St San Diego, CA 92114

Skyline Neighborhood
8 Beds
4 Baths
2,600 Sq Ft
1956 Built

Last Sold August 07, 2024

Last sale price $1,340,000 $515 Per Sq Ft

10 Days on Market

About This Home

As of August 2024

THE BEST PRICED TURN-KEY 4PLEX YOU CAN FIND IN SAN DIEGO! ASSUMABLE VA LOAN @ 5% INTEREST RATE! This property consists of four 2b1b units that are fully remodeled within the last year. Upgrades include brand new kitchen with granite counter tops, white shaker cabinets and stainless appliances; brand new luxury vinyl flooring; brand new bathroom with vanity and shower tubs; all units are equipped with stackable washer and dryer; all units also have central air system installed for cooling and heating. For exteriors, all stairs and rails had been redone and new drainage system had been installed. This property is also conveniently located close to 805 and 94, approximately 15min drive to downtown, naval base and SDSU. Whether you are looking for your next investment or trying to save on mortgage payment by living in one and rent the others, this property is a must see !

Last Agent to Sell the Property

Ryan Sun

Real Broker License #02208159 Listed on: 06/29/2024

Real Broker

Last Buyer's Agent

Walid Dally

Palisade Realty Inc License #02135259

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 2-Story Property
  • Property is Fully Fenced

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 581-033-16-00

Community Details

Overview

  • 4 Units
  • Encanto Community

Building Details

  • Net Operating Income $55,080

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: Lemon Grove Ave
  • Neighborhood: Encanto
  • LP / Sq Ft: 16.7
  • Stories: 2 Story
  • Sale Price List Price: 0.99
  • Total Stories: 2
  • Year Built: 1956
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Prkng Non Garage Spac U3: 1
  • Prkng Non Garage Spac U4: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

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

Utilities

  • Cooling: Central Forced Air

Condo/Co-op/Association

  • Complex Name: Encanto

Lot Info

  • Lot Size: .25 to .5 AC
  • Assessor Parcel Number: 581-033-16-00

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 55080
  • Annual Expense Actual: 18000
  • Annual Expense Projected: 18000
  • Gross Rent Multiplier Actual: 18.0
  • Gross Rent Multiplier Projected: 13.0
  • Gross Sched Income Actual: 73080
  • Gross Sched Income Projected: 98820
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 4
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Dryers: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 4

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
08/07/2024 08/07/24 Sold $1,340,000 0.0% $515 / Sq Ft
08/07/2024 08/07/24 Sold $1,340,000 -0.7% $515 / Sq Ft
07/10/2024 07/10/24 Pending -- -- --
07/10/2024 07/10/24 Pending -- -- --
07/08/2024 07/08/24 Price Changed $1,350,000 0.0% $519 / Sq Ft
07/08/2024 07/08/24 Price Changed $1,350,000 +2.3% $519 / Sq Ft
06/29/2024 06/29/24 For Sale $1,320,000 0.0% $508 / Sq Ft
06/26/2024 06/26/24 For Sale $1,320,000 +24.5% $508 / Sq Ft
01/13/2023 01/13/23 Sold $1,060,000 0.0% $408 / Sq Ft
12/14/2022 12/14/22 Price Changed $1,060,000 +6.1% $408 / Sq Ft
12/13/2022 12/13/22 Pending -- -- --
12/07/2022 12/07/22 For Sale $999,000 -- $384 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ryan Sun

    Seller's Agent in 2024

    Ryan Sun

    Real Broker

    (855) 450-0442

    2 in this area

    15 Total Sales

    Ryan Sun
    Section Image
  • Walid Dally

    Buyer's Agent in 2024

    Walid Dally

    Palisade Realty Inc

    (760) 880-9980

    2 in this area

    98 Total Sales

    Walid Dally
    Section Image
  • Billy Colestock

    Seller's Agent in 2023

    Billy Colestock

    LPT Realty,Inc

    (619) 787-4066

    1 in this area

    55 Total Sales

    Billy Colestock
    Section Image
  • Yesenia Nogales

    Seller Co-Listing Agent in 2023

    Yesenia Nogales

    LPT Realty,Inc

    (619) 876-0753

    1 in this area

    34 Total Sales

    Yesenia Nogales
    Section Image
  • Justin Roberts

    Buyer's Agent in 2023

    Justin Roberts

    Cal State Realty Services

    (619) 851-1677

    2 in this area

    179 Total Sales

    Justin Roberts
    Section Image
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Map

Source: San Diego MLS

MLS Number: 240015031

San Diego MLS
California San Diego County San Diego 92114 Skyline

6979-85 Lisbon St, San Diego, CA

This home is located at 6979-85 Lisbon St, San Diego, CA 92114 since 29 June 2024. This property was built in 1956. 6979-85 Lisbon St is a home located in San Diego County with nearby schools including Audubon K-8, Bell Middle School, and Morse High School.

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