NOT LISTED FOR SALE
3 Beds
3 Baths
1,377 Sq Ft
2,562 Sq Ft Lot

Last Sold December 16, 2021

Last sale price $1,860,000 $1,351 Per Sq Ft

19 Days on Market

Highlights

  • Property is near a park
  • Wood Flooring
  • Cottage
  • Pacific Beach Elementary School Rated A-
  • No HOA
  • 2-minute walk to Mission Beach Pocket Park

About This Home

As of December 2021

Three adorable original cottages epitomize the Mission Beach lifestyle by matching it’s vintage charm with amazing water proximity. This triplex is only two houses from the bay and just steps to the ocean, Belmont Park, the boardwalk and restaurants in Mission Beach. Occupy one and rent the rest, or create a cash flow queen with these three amazing homes. The front unit is a 2/1 bungalow, the middle unit is a studio, and walk up the stairs to the private 1 bedroom. Currently run as a full time AIRBNB income property with a solid income history and low maintenance.

Last Agent to Sell the Property

Kelly Dinnsen

Pacific Sotheby's Int'l Realty License #01504073 Listed on: 10/13/2021

Pacific Sotheby's Int'l Realty

Co-Listed By

Megan Luce

Pacific Sotheby's Int'l Realty License #01299167

Last Buyer's Agent

Kendra Penski

Real Estate eBroker Inc License #01997849

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 2,562 Sq Ft Lot
  • 1 Common Wall
  • Paved or Partially Paved Lot
  • Level Lot
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Triplex
  • Cottage
  • Bungalow
  • Entry on the 1st floor

Interior Spaces

  • 1,377 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Wood Flooring

Kitchen

  • Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Exterior Lighting
  • Outdoor Grill

Location

  • Property is near a park

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Tax Lot L
  • Tax Tract Number 1809
  • Assessor Parcel Number 4236571600
  • $62 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Recreation

  • Park
  • Water Sports

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,812
  • Insurance Expense $1,521
  • New Taxes Expense $23,738
  • Operating Expense $29,071
  • Gross Income $124,939
  • Net Operating Income $85,849

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 4.50
  • Price Per Unit: 633000
  • Property Attached: Yes
  • Zoning: R-4:MULTIPLE RESIDENTIAL
  • Architectural Style: Bungalow, Cottage
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 4236571600
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 1350.76

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Barbecue, Dishwasher, Range Hood, Refrigerator, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Outside
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Park, Watersports

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard, Level with Street, Level, Park Nearby, Paved, Walkstreet
  • Lot Size Sq Ft: 2562.00
  • Lot Size Acres: 0.0588

Multi Family

  • Electric Expense: 3812.00
  • Gross Income: 124939.00
  • Gross Scheduled Income: 124939.00
  • Insurance Expense: 1521.00
  • Lot Size Area: 2562.0000 Square Feet
  • Net Operating Income: 85849.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number Wall A C: 3
  • Number With Dishwasher: 1
  • Number With Disposal: 1
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 39090.00
  • Rent Control: No
  • Total Expenses: 29071.00

Tax Info

  • New Taxes Expense: 23738.00
  • Tax Lot: L
  • Tax Tract Number: 001809
  • TaxOtherAnnualAssessmentAmount: 61.94

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
12/16/2021 12/16/21 Sold $1,860,000 -2.1% $1,351 / Sq Ft
11/01/2021 11/01/21 Pending -- -- --
10/13/2021 10/13/21 For Sale $1,899,000 -- $1,379 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2111680

California Regional Multiple Listing Service (CRMLS)