NOT LISTED FOR SALE

San Diego, CA 92113

Logan Heights Neighborhood
7 Beds
3 Baths
-- Sq Ft
2006 Built

Last Sold August 08, 2023

Last sale price $875,000

13 Days on Market

Highlights

  • Partially Fenced Property
  • Wood Siding
  • 1-Story Property

About This Home

As of August 2023

Fantastic investment opportunity located in Logan Heights. This property consists of (3) units, including a 3-bedroom, 1-bathroom detached home, and (2) 2-bedroom, 1-bathroom units in the back along the alleyway ( 1 bedrooms with a den converted to 2 bedrooms ). The property sits on a 7080 square foot lot and 2124 square feet of livable space. The property also features a detached single car garage with potential to be turned into an ADU. Currently, the property is grossing $6000 per month with an average rent of $1500 for the 2 bedrooms and (4) tenants paying 750 each for the front house ( call for details), making it a 5%+ CAP rate at current rents. The property's close proximity to downtown and the 5 freeway makes it an ideal location for tenants who work in the city or want easy access to the freeway. ( property was not built in 2006 as indicated on tax records, buyer to do their own research on year built and bedroom/bathroom count )

Last Agent to Sell the Property

Colin Darville

Bridgepoint Realty Inc License #02108003 Listed on: 05/09/2023

Last Buyer's Agent

Colin Darville

Bridgepoint Realty Inc License #02108003 Listed on: 05/09/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2006

Lot Details

  • 7,080 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 538-080-05-00

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • 1742 Kearney Community

Building Details

  • Net Operating Income $47,242

Property Details

Home Type

Multi-Family

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: Beardsley Ave
  • Neighborhood: Logan Heights
  • LP / Sq Ft: 15.08
  • Stories: 1 Story
  • Sale Price List Price: 0.95
  • Total Stories: 1
  • Year Built: 2006
  • 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: Wood
  • Fencing: Partial
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: 1742 Kearney
  • Community: LOGAN HEIGHTS

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Zoning: RM 1-1
  • Assessor Parcel Number: 538-080-05-00
  • Estimated Lot Sq Ft: 7080

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 47242
  • Annual Expense Actual: 23318
  • Annual Expense Projected: 23318
  • Gross Rent Multiplier Actual: 12.8
  • Gross Rent Multiplier Projected: 10.7
  • Gross Sched Income Actual: 72000
  • Gross Sched Income Projected: 86400
  • Number Of Buildings: 3
  • Number Of Units With Garage: 1
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3

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
08/08/2023 08/08/23 Sold $875,000 -5.4% --
05/23/2023 05/23/23 Pending -- -- --
05/09/2023 05/09/23 For Sale $925,000 -- --
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Colin Darville

    Seller's Agent in 2023

    Colin Darville

    Bridgepoint Realty Inc

    (858) 328-2567

    1 in this area

    11 Total Sales

    Colin Darville
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Source: San Diego MLS

MLS Number: 230008538

San Diego MLS
California San Diego County San Diego 92113

Logan Heights

This home since 09 May 2023. This property was built in 2006. This home is a home located in San Diego County with nearby schools including Burbank Elementary School, Logan Memorial Educational Campus, and Albert Einstein Academy Charter Middle.

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