$2,775,000
$2,750,000
0.9%For more information regarding the value of a property, please contact us for a free consultation.
6,263 Sqft Lot
SOLD DATE : 12/28/2023
Key Details
Sold Price $2,775,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NDP2308527
Sold Date 12/28/23
HOA Y/N No
Year Built 1987
Lot Size 6,263 Sqft
Property Description
The property features 12 total beds, 11 baths and a unit mix of (3) twobedroom, two-bath units, (1) two-bedroom, one-bath unit, & (4) one bed, one bath units. Each unit averages $1,816 per month in rent and market rents average $2,644 per month, with a total of 45%+/- rental upside potential. Interior upgrades on approximately four units include new cabinets and granite counters, the hot water pipes were replumbed with copper in 2013, unit six features new flooring in the kitchen and bath and three new water heaters were replaced in 2022 and 2023. Top floor units have vaulted ceilings in living room and bedrooms. Most units have patios or balconies. There are 13 total parking spaces on site: three tandem car parking spots in the front of the building for a total of six parking spots in the front. In the rear of the building there are three one car garages and four parking spaces. Both gas and electric are separately metered. Multiple upgrades to the property have been made including newer cabinets and counters, hot water plumbing, new floors in some unit.
Location
State CA
County San Diego
Area 92104 - North Park
Zoning R3
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Biking, Curbs, Dog Park, Golf, Hiking, Park, Street Lights, Sidewalks
View Y/N No
Total Parking Spaces 13
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 4531420400
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Bought with Dave Plutner • DP Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
Scott Greenspan
Broker Owner