$2,865,000

Estimated payment $18,734/month

Total Views 8,813
3 Beds
2 Baths
4,158 Sq Ft
$689 Price per Sq Ft

Highlights

  • 0.23 Acre Lot
  • No HOA
  • Laundry Room
  • Lawn
  • Park
  • 1-minute walk to Teralta Park

About This Home

$1,475,000 assumable loan at 4% through June 1, 2029. Welcome to an exceptional investment opportunity directly across from Teralta Neighborhood Park. This property features 9 charming units offering a great unit mix, including individual bungalows and two 2-bedroom, 2-bathroom units. Each unit is separately metered. The current owner has invested over $350,000 in renovations, including updated flooring, updated kitchen and bathrooms, granite counters, newer appliances, cabinetry, HVAC systems, and tankless water heaters. All units are equipped with Ring doorbells, ensuring security and convenience for tenants. Don't miss out on this opportunity to invest in a well-maintained property with a strong rental history and promising income potential. Centrally located with easy access to I-15 and I-805, the property offers a short distance to vibrant neighborhoods such as North Park, Kensington, Mission Valley, and Downtown San Diego.

Listing Agent

Rick Sauer

eXp Realty of Southern CA License #01413231 Listed on: 03/08/2025

eXp Realty of Southern CA

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 9,989 Sq Ft Lot
  • No Common Walls
  • Lawn

Parking

  • 6 Car Garage

Interior Spaces

  • 4,158 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 08241
  • Tax Tract Number 1000
  • Assessor Parcel Number 4547520400
  • $57 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 9 Units

Amenities

  • Laundry Facilities

Recreation

  • Park

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 9 Separate Water Meters
  • Insurance Expense $3,700
  • Trash Expense $7,584
  • Operating Expense $53,005
  • Gross Income $194,448
  • Net Operating Income $141,443

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Parking

6

Listing Details

  • Assessments: No
  • CapRate: 4.90
  • Price Per Unit: 318333
  • Property Attached: No
  • View: No
  • Zoning: R-4:MULTIPLE RESIDENTIAL
  • Property Type: Residential Income
  • Parcel Number: 4547520400
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 689.03

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: No
  • Total Parking Spaces: 6.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Community
  • Trash Expense: 7584.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Park

Lot Info

  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 9989.00
  • Lot Size Acres: 0.2293

Multi Family

  • Gross Income: 194448.00
  • Gross Scheduled Income: 194448.00
  • Insurance Expense: 3700.00
  • Lot Size Area: 9989.0000 Square Feet
  • Net Operating Income: 141443.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 9
  • Number Of Units Total: 9
  • Operating Expense: 53005.00
  • Rent Control: No
  • Total Expenses: 53005.00

Tax Info

  • Tax Lot: 08241
  • Tax Tract Number: 001000
  • TaxOtherAnnualAssessmentAmount: 57.26

Map

Range of Values:

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Average Value
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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 Change Sq Ft Price
03/08/2025 03/08/25 For Sale $2,865,000 +240.3% $689 / Sq Ft
03/15/2013 03/15/13 Sold $842,000 -11.4% $203 / Sq Ft
12/06/2012 12/06/12 Pending -- -- --
06/12/2012 06/12/12 For Sale $950,000 -- $228 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2502226

California Regional Multiple Listing Service (CRMLS)

APN: 454-752-04-00