NOT LISTED FOR SALE

8650 Hurlbut St San Diego, CA 92123

Serra Mesa Neighborhood
12 Beds
8 Baths
4,520 Sq Ft
6,970 Sq Ft Lot

Last Sold March 21, 2024

Last sale price $2,275,000 $503 Per Sq Ft

35 Days on Market

About This Home

As of March 2024

**Turn-Key 5.36% CAP Rate** 4-Unit fully occupied & recently remodeled 3-Bedroom/2-Bathroom (1,130 SF) apartment homes featuring brand new appliances, flooring, windows, kitchens, and bathrooms. Tenant Amenities include in-unit laundry, patios, balconies, and carport parking. New Roof, Upgraded Electrical and Plumbing, and Recently Fumigated. Centrally located in Serra Mesa (adjacent to Mission Valley and Civita). This property checks all the boxes: High-income-producing asset w/ extremely low maintenance in one of San Diego’s strongest and rarely available submarkets. High CAP Rate (5.36%), Low GRM (13.50), Low $/SF ($530/SF).

Last Agent to Sell the Property

Angelo La Bruna

Apartment Realty Group (ARG) License #01991625 Listed on: 01/30/2024

Last Buyer's Agent

Sara Alavi

Coldwell Banker Realty License #01927694

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 6,970

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 2-Story Property
  • Cooling System Mounted To A Wall/Window

Community Details

  • 4 Units
  • Net Operating Income $128,407

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 421-205-13-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro
  • Cross Street: Sandrock Rd & Hurlbut St
  • Neighborhood: Serra Mesa
  • LP / Sq Ft: 17.39
  • Stories: 2 Story
  • Sale Price List Price: 0.95
  • Total Stories: 2
  • Year Built: 1959
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Roof: Composition

Utilities

  • Cooling: Wall/Window

Condo/Co-op/Association

  • Community: SERRA MESA

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 421-205-13-00

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 128407
  • Annual Expense Actual: 43632
  • Annual Expense Projected: 43632
  • Gross Rent Multiplier Actual: 13.5
  • Gross Rent Multiplier Projected: 12.81
  • Gross Sched Income Actual: 177360
  • Gross Sched Income Projected: 186960
  • 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 Garage: 4
  • Number Of Units With Patios: 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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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 List to Sale Price per Sq Ft
03/21/2024 03/21/24 Sold $2,275,000 -5.0% $503 / Sq Ft
03/06/2024 03/06/24 Pending -- -- --
01/30/2024 01/30/24 For Sale $2,395,000 -- $530 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Angelo La Bruna

    Seller's Agent in 2024

    Angelo La Bruna

    Apartment Realty Group (ARG)

    (858) 837-1456

    2 in this area

    59 Total Sales

    Angelo La Bruna
    Section Image

  • S

    Buyer's Agent in 2024

    Sara Alavi

    Coldwell Banker Realty

See All Agents

Map

Source: San Diego MLS

MLS Number: 240002201

San Diego MLS

APN: 421-205-13-00

California San Diego County San Diego 92123 Serra Mesa

8650 Hurlbut St, San Diego, CA

This home is located at 8650 Hurlbut St, San Diego, CA 92123 since 30 January 2024. This property was built in 1959. 8650 Hurlbut St is a home located in San Diego County with nearby schools including Angier Elementary School, Taft Middle School, and Soille San Diego Hebrew Day School.

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