NOT LISTED FOR SALE
4 Beds
3 Baths
1,861 Sq Ft
4,356 Sq Ft Lot

Last Sold February 01, 2022

Last sale price $2,450,000 $1,316 Per Sq Ft

3 Days on Market

Highlights

  • Fireplace
  • La Jolla Elementary School Rated A
  • Partially Fenced Property

About This Home

As of February 2022

**BOM - Buyer Could NOT Perform - HOT PROPERTY!** Rare turn-key coastal multi-family property just a couple of blocks from the ocean in the highly desired Lower Barber Tract (beach side)! Newly remodeled and offered FULLY FURNISHED! Front unit has been owner occupied, and the back three bedroom unit has been a successful rental (all rents noted are from May-present). The front unit is an adorable cottage with an open floor plan, soaring ceilings and private large patio. The back unit is a large, beautifully upgraded 3 bedroom home with private backyard and large deck upstairs that offers ocean views! Ample parking that includes a covered carport. Stroll to the beach or restaurants and enjoy all La Jolla has to offer!

Last Agent to Sell the Property

Whitney Peyser

Compass License #01788295 Listed on: 01/20/2022

Compass

Last Buyer's Agent

Vicky Zhang

Abacus Properties Inc. License #01884357

Abacus Properties Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • 1975

Lot Details

  • 4,356

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Fireplace

Additional Features

  • Partially Fenced Property
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 351-102-14-00

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Net Operating Income $97,584

Property Details

Home Type

Multi-Family

Year Built

1975

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Coastal South
  • Cross Street: Sea Lane
  • Neighborhood: Barber Tract
  • LP / Sq Ft: 24.47
  • Stories: 2 Story
  • Sale Price List Price: 0.94
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1975

Exterior Features

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

Utilities

  • Heat Equipment: Fireplace, Forced Air Unit

Condo/Co-op/Association

  • Community: LA JOLLA
  • Manager Name: Sea Breeze
  • Manager Phone: 858-529-5242

Lot Info

  • Lot Size: 1-3,999 SF
  • Assessor Parcel Number: 351-102-14-00

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 97584
  • Annual Expense Actual: 32528
  • Annual Expense Projected: 35402
  • Gross Rent Multiplier Actual: 19.97
  • Gross Rent Multiplier Projected: 18.35
  • Gross Sched Income Actual: 130112
  • Gross Sched Income Projected: 141608
  • Number Of Buildings: 2
  • Number Of Furnished Units: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 1
  • Number Of Units With Fireplaces: 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: 1

Range of Values:

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Average Value
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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
02/01/2022 02/01/22 Sold $2,450,000 -5.7% $1,316 / Sq Ft
01/24/2022 01/24/22 Pending -- -- --
01/20/2022 01/20/22 For Sale $2,599,000 +124.7% $1,397 / Sq Ft
06/23/2014 06/23/14 Sold $1,156,865 -3.5% $622 / Sq Ft
05/11/2014 05/11/14 Pending -- -- --
05/04/2014 05/04/14 For Sale $1,199,000 -- $645 / 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: 220001293

San Diego MLS

APN: 351-102-14-00