$1,530,000
$1,675,000
8.7%For more information regarding the value of a property, please contact us for a free consultation.
5,248 Sqft Lot
SOLD DATE : 11/03/2023
Key Details
Sold Price $1,530,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision North Park
MLS Listing ID 230015173SD
Sold Date 11/03/23
HOA Y/N No
Year Built 1991
Lot Size 5,248 Sqft
Property Description
Price improvement! All information on documents tab. Terrific investment opportunity! Charming 1339 square foot Spanish house plus 3 units on a prime North Park location. The 1920's 3 bedroom, 2 bath house is charming and perfect for an owner-occupant. Rehabbed in 1991. Hardwood floors, original fixtures and sconces, interesting ceilings and a working fireplace. Built in 1991, the triplex has 3 garages and 3 tandem parking spots. The apartments all have fireplaces. The garages are fully drywalled. The floor plans are open and interesting.The two upper units have unusual high ceilings and are flooded with light. House has laundry hook-ups and there is laundry room for the triplex tenants, machines leased from Art's. Tenants pay their utilities and there is a house gas and electric meter for the laundry. ALL leases Month to Month. Rents last raised in April of 2022. 3 of the tenants long-term. Garages are included in the triplex rents. The construction next door is for 2 tastefully designed two-story duplexes, LA has elevations. See documents tabs for a comprehensive set of reports and investigations, recent appraisal, 3 years P&L, repair bids and more. Can add an eighth parking spot. 3236 square feet total and units sizes per attached appraisal. Appraisers says market rents are $112,800 per year versus the current $88,080.
Location
State CA
County San Diego
Area 92104 - North Park
Building/Complex Name None
Zoning RM-3-7
Interior
Heating Electric, Natural Gas, See Remarks
Cooling None
Fireplace No
Appliance Gas Water Heater
Exterior
Fence Partial
View Y/N No
Roof Type Composition,Rolled/Hot Mop
Total Parking Spaces 1
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 4463020600
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with Gianluca Villanova • Keller Williams Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "