$5,487,000
SOLD JUL 25, 2025
3 Beds
3 Baths
5,963 Sq Ft
-- Built

Recently Sold

$920 Per Sq Ft

5% Below List Price

56 Days on Market

About This Home

As of July 2025

Available for sale is a fully renovated, turn-key, fully occupied, 9-unit apartment complex situated just half a mile from Beacons Beach. This property offers an unbeatable location, low-maintenance management, a highly sought-after unit mix, and 14 parking spaces, with additional space for the potential development of Accessory Dwelling Units (ADUs). The building has undergone a comprehensive renovation, featuring luxury vinyl plank flooring, granite and quartz countertops, brand-new appliances, ABS plumbing, new copper hot & cold supply, in-unit washer/dryers, modern AC units, and new fixtures throughout. Additionally, the property has been beautifully re-painted and rebranded as Housey Housey, located directly across from the popular local café, Coffee Coffee. The concrete driveway has been refinished for an updated look, while a small front yard common area provides a welcoming space for residents to enjoy. The spacious rear lot also offers great potential for future ADU construction. This exceptional property combines a prime location, thoughtful renovations, and future development opportunities, making it a unique investment in the heart of Leucadia.

Last Agent to Sell the Property

ray adams

Ray Adams Investment Real Estate Inc License #00989238 Listed on: 03/13/2025

Last Buyer's Agent

Non-Member Default

Default Non-Member Office

Property Details

Home Type

  • Multi-Family

Home Design

Interior Spaces

  • 3 Bedrooms
  • 5,963 Sq Ft Home
  • 2-Story Property

Community Details

Overview

  • 9 Units

Building Details

  • 9 Leased Units
  • Operating Expense $107,642

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Property Sub Type: Com-Res Income
  • Community Features: Other/Remarks
  • CapRate: 4.1
  • Co List Office Mls Id: 4865
  • Living Area: 5963.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-11-18T18:53:57Z
  • FullAddress: 951 N Vulcan Ave
  • NumofLeasedApartments: 9
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 3

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 9
  • Annual Operating Expense: 107642.0
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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 Prior Sale
07/25/2025 07/25/25 Sold $5,487,000 -4.9% $920 / Sq Ft
05/09/2025 05/09/25 Pending -- -- --
03/13/2025 03/13/25 For Sale $5,770,000 +52.0% $968 / Sq Ft
11/05/2021 11/05/21 For Sale $3,795,000 +1.3% $678 / Sq Ft
10/29/2021 10/29/21 Sold $3,745,000 -- $669 / Sq Ft View Prior Sale
08/25/2021 08/25/21 Pending -- -- --
Source: San Diego MLS

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 $45,920 $3,995,643 $3,438,313 $557,330
2024 $45,920 $3,896,298 $3,370,896 $525,402
2023 $44,362 $3,819,900 $3,304,800 $515,100
2022 $43,215 $3,745,000 $3,240,000 $505,000
2021 $27,610 $2,278,590 $1,608,303 $670,287
2020 $27,027 $2,255,227 $1,591,812 $663,415
2019 $26,524 $2,211,007 $1,560,600 $650,407
2018 $26,050 $2,167,654 $1,530,000 $637,654
2017 $25,625 $2,125,151 $1,500,000 $625,151
2016 $5,434 $223,623 $68,290 $155,333
2015 $5,147 $220,265 $67,265 $153,000
2014 $4,873 $215,951 $65,948 $150,003
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 250021353

San Diego MLS

APN: 254-324-33-00