NOT LISTED FOR SALE

939-41 Loring St San Diego, CA 92109

Pacific Beach Neighborhood
7 Beds
4 Baths
2,985 Sq Ft
1942 Built

Last Sold July 16, 2024

Last sale price $2,650,000 $888 Per Sq Ft

59 Days on Market

Highlights

  • Laundry Facilities
  • Partially Fenced Property
  • Wood Siding
  • Pacific Beach Elementary School Rated A-

About This Home

As of July 2024

Located in quiet North PB, a rare triplex gem awaits just steps away from Law Street and Tourmaline beaches. This property, making only its second appearance on the market in over 80 years, offers a unique investment opportunity. The main house is a charming, updated two-story 3-bedroom, 2-bathroom bungalow, complemented by a private front yard and a brand-new Trex® deck in the front and a private fenced-in patio in the back. Two bedrooms and one bath are located downstairs, while upstairs, a spacious primary bedroom suite awaits. Inside, discover the convenience of indoor laundry and a large dine-in kitchen, featuring a new GE gas range and ample counter space for culinary delights. Tons of storage space throughout. The private fenced red-brick patio in the back invites relaxation with a gas fireplace, gas BBQ, outdoor dining area, and a 6-person spa. Parking is a breeze with a long paved driveway accommodating two vehicles. The property also features a separate duplex, each unit with 2 bedrooms and 1 bathroom. The downstairs unit boasts a semi-private patio surrounded by a tropical garden space, while the recently remodeled upstairs unit shines with new bathroom fixtures, kitchen upgrades, new flooring, dual-pane windows, and slider opening to a partially enclosed 300 sq ft Lanai. A one-car garage and an additional parking space in the alley provide convenience, with shared laundry facilities and extra storage space for the duplex tenants. The main house operates as a top-producing short-term rental with long-term tenants in the back units.DO NOT DISTURB TENANTS

Last Agent to Sell the Property

Steve Shulman

RE/MAX Connections License #01029642 Listed on: 04/11/2024

RE/MAX Connections

Co-Listed By

Drew Rutledge

RE/MAX Connections License #02109019

Last Buyer's Agent

Elliot Scher

eXp Realty of Southern California, Inc. License #02240651

eXp Realty of Southern California, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1942

Lot Details

  • Partially Fenced Property

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 415-411-04-00

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Pacific Beach Community

Additional Features

  • Laundry Facilities
  • Net Operating Income $113,233

Property Details

Home Type

Multi-Family

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Bayard
  • Neighborhood: Pacific Beach
  • Sale Price List Price: 0.96
  • Year Built: 1942
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U3: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

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

Utilities

  • Cooling: Wall/Window
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Complex Name: Pacific Beach
  • Community: PACIFIC BEACH
  • Complex Features: Laundry Facilities

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 415-411-04-00

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 113233
  • Annual Expense Actual: 31100
  • Gross Rent Multiplier Actual: 18.59
  • Gross Sched Income Actual: 147933
  • Number Of Buildings: 2
  • Number Of Furnished Units: 1
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Dryers: 1
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • 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 List to Sale Price per Sq Ft
07/16/2024 07/16/24 Sold $2,650,000 -3.6% $888 / Sq Ft
06/10/2024 06/10/24 Pending -- -- --
04/11/2024 04/11/24 For Sale $2,750,000 -- $921 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2024

    Steve Shulman

    RE/MAX

    (619) 787-0234

    1 in this area

    20 Total Sales

    Steve Shulman
    Section Image

  • D

    Seller Co-Listing Agent in 2024

    Drew Rutledge

    RE/MAX

    (619) 564-2032

    2 in this area

    26 Total Sales

    Drew Rutledge
    Section Image

  • E

    Buyer's Agent in 2024

    Elliot Scher

    eXp Realty of Southern California, Inc.

    (413) 537-8321

    1 in this area

    2 Total Sales

    Elliot Scher
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 240007710

San Diego MLS
California San Diego County San Diego 92109 Pacific Beach

939-41 Loring St, San Diego, CA

This home is located at 939-41 Loring St, San Diego, CA 92109 since 11 April 2024. This property was built in 1942. 939-41 Loring St is a home located in San Diego County with nearby schools including Pacific Beach Elementary School, Pacific Beach Middle, and Mission Bay High School.

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