NOT LISTED FOR SALE
12 Beds
1 Bath
5,521 Sq Ft
6,251 Sq Ft Lot

Sale Details

Date Sold: June 17, 2022

Last sale price $4,875,600 $883 Per Sq Ft

185 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Rectangular Lot
  • Pacific Beach Elementary School Rated A-
  • Bike Trail
  • No Heating

About This Home

As of June 2022

Excellent mix of all 3 bedroom, 2-2.5 baths. This is a rare opportunity for an investor to enjoy a stream of income in a highly desirable area, the best location in Pacific Beach. Only 1.5 blocks from the ocean. Walk to the beach in 4 minutes Centrally located and close to Beach, Bay & shopping. Dedicated garage parking for every unit. All units have washers and dryers and storage. Pacific Beach, generally known as the best urban beach in Southern California, from Tourmaline Surfing Beach to Mission Beach has three miles of boardwalk and beach with a year round access to the unparalleled San Diego weather. Activities are too many to list from surfing and boogie boarding, volleyball and Frisbee to wakeboarding/Jet skiing/sailing/kayaking on Mission Bay or Ocean Beach or just walk the Garnet Shopping District or waiting for sunset to walk Crystal Pier. Bike the recently completed 19 mile Mission Bay path or simply enjoy the nightlife.

Last Agent to Sell the Property

Jeff Kane

Coldwell Banker West License #01915649 Listed on: 11/15/2021

Coldwell Banker West

Co-Listed By

Michelle Rozansky

Coldwell Banker West License #01395868

Last Buyer's Agent

Ron Tanzman

Rodeo Realty License #01292685

Rodeo Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1992

Lot Details

  • 6,250 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot

Parking

  • 4 Car Garage
  • 4 Carport Spaces

Home Design

  • 5,521 Sq Ft Home
  • Property Attached

Additional Features

  • Laundry Room
  • No Heating

Listing and Financial Details

  • Tax Lot 156/35,36
  • Tax Tract Number 791
  • Assessor Parcel Number 4155911500

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Recreation

  • Water Sports
  • Bike Trail

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,432
  • Trash Expense $830
  • Water Sewer Expense $7,628
  • New Taxes Expense $59,967
  • Operating Expense $61,092
  • Gross Income $191,330
  • Net Operating Income $13,023

Property Details

Home Type

Multi-Family

Year Built

Built in 1992

Lot Details

6,250 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 2.67
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 7628.00
  • Zoning: R-3
  • Property Type: Residential Income
  • Parcel Number: 4155911500
  • Year Built: 1992
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Price Per Square Foot: 883.10

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 4.00
  • Parking: No
  • Total Parking Spaces: 8.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Trash Expense: 830.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Biking, Watersports

Lot Info

  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6250.00
  • Lot Size Acres: 0.1435

Multi Family

  • Gross Income: 191330.00
  • Gross Scheduled Income: 196870.00
  • Insurance Expense: 3432.00
  • Lot Size Area: 6250.0000 Square Feet
  • Net Operating Income: 13023.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 61092.00
  • Rent Control: No
  • Total Expenses: 61092.00

Tax Info

  • New Taxes Expense: 59967.00
  • Tax Lot: 156/35,36
  • Tax Tract Number: 000791
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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
06/17/2022 06/17/22 Sold $4,875,600 0.0% $883 / Sq Ft
11/15/2021 11/15/21 For Sale $4,875,600 -- $883 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $62,341 $5,174,024 $4,350,952 $823,072
2024 $62,341 $5,072,574 $4,265,640 $806,934
2023 $60,969 $4,973,112 $4,182,000 $791,112
2022 $42,615 $3,500,000 $2,850,000 $650,000
2021 $29,108 $2,358,843 $1,822,742 $536,101
2020 $28,754 $2,334,657 $1,804,053 $530,604
2019 $28,241 $2,288,880 $1,768,680 $520,200
2018 $26,400 $2,244,000 $1,734,000 $510,000
2017 $25,772 $2,200,000 $1,700,000 $500,000
2016 $13,036 $1,107,126 $658,991 $448,135
2015 $12,844 $1,090,497 $649,093 $441,404
2014 $12,642 $1,069,137 $636,379 $432,758
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2112720

California Regional Multiple Listing Service (CRMLS)

APN: 415-591-15-00

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