NOT LISTED FOR SALE

San Diego, CA 92109

Pacific Beach Neighborhood
8 Beds
7 Baths
4,205 Sq Ft
5,526 Sq Ft Lot

Last Sold July 19, 2021

Last sale price $2,550,000 $606 Per Sq Ft

13 Days on Market

About This Home

As of July 2021

Coastal four (4) unit complex in the high-demand rental market of Pacific Beach situated in Crown Point directly across the street from Mission Bay. The unit mix consists of one (1) 3Bedroom / 2Bathroom (1,545sf), two (2) 2Bedroom / 1.5 Bathroom units (910sf & 1,010sf) and one (1) 1Bedroom / 1Bathroom unit (740sf) with four (4) single-car garages and an onsite laundry room. This asset is perfect for either an investor or an owner-occupant seeking an irreplaceable location with upside in rental income. DRIVE-BY ONLY, DO NOT TALK TO OR DISTURB TENANTS.

Last Agent to Sell the Property

James V. Carter

Apartment Realty Group (ARG) License #01352336 Listed on: 06/09/2021

Last Buyer's Agent

Lee Shaprut

Berkshire Hathaway HomeServices California Properties License #01950393

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 5,526

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Additional Features

  • 2-Story Property
  • 5,526 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 424-542-09-00

Community Details

Overview

  • 4 Units
  • Bayview Community

Building Details

  • Net Operating Income $59,895

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Crown Point Drive
  • Neighborhood: Crown Point
  • LP / Sq Ft: 27.15
  • Stories: 2 Story
  • Sale Price List Price: 1.06
  • Total Stories: 2
  • Year Built: 1967
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco, Wood
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: Bayview
  • Community: PACIFIC BEACH

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Water District: CITY OF SAN DIEGO
  • Zoning: RM-2-5
  • Assessor Parcel Number: 424-542-09-00
  • Estimated Lot Sq Ft: 5526
  • Water District URL: http://www.ci.san-diego.ca.us/water
  • Estimated Number of Acres: 0.13
  • Map Code Column: B
  • Map Code Page: 1248
  • Map Code Row: 7

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 59895
  • Annual Expense Actual: 49137
  • Annual Expense Projected: 50626
  • Gross Rent Multiplier Actual: 21.31
  • Gross Rent Multiplier Projected: 16.73
  • Gross Sched Income Actual: 108780
  • Gross Sched Income Projected: 138000
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Dryers: 1
  • Number Of Units With Fireplaces: 1
  • 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: 1
  • Other Income Actual: 3624
  • Other Income Projected: 5124.0

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
07/19/2021 07/19/21 Sold $2,550,000 +6.5% $606 / Sq Ft
06/23/2021 06/23/21 Pending -- -- --
06/09/2021 06/09/21 For Sale $2,395,000 -- $570 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • James V. Carter

    Seller's Agent in 2021

    James V. Carter

    Apartment Realty Group (ARG)

    (610) 755-1778

    3 in this area

    42 Total Sales

    James V. Carter
    Section Image
  • Lee Shaprut

    Buyer's Agent in 2021

    Lee Shaprut

    Berkshire Hathaway HomeServices California Properties

    (858) 888-5251

    13 in this area

    69 Total Sales

    Lee Shaprut
    Section Image
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Source: San Diego MLS

MLS Number: 210015869

San Diego MLS

APN: 424-542-09-00

California San Diego County San Diego 92109

Pacific Beach

This home since 09 June 2021. This property was built in 1967. This home is a home located in San Diego County with nearby schools including Crown Point Junior Music Academy, Pacific Beach Middle, and Mission Bay High School.

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