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Key Details
Sold Price $1,530,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 1,339 sqft
Price per Sqft $1,142
Subdivision North Park
MLS Listing ID 230015173
Sold Date 11/03/23
Bedrooms 7
Full Baths 6
HOA Y/N No
Year Built 1991
Lot Size 5,249 Sqft
Lot Dimensions 37x140
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
Community North Park
Area North Park (92104)
Building/Complex Name None
Zoning RM-3-7
Interior
Heating Electric, Natural Gas
Fireplaces Number 4
Appliance Wall/Gravity, Other/Remarks
Exterior
Exterior Feature Stucco
Parking Features Unit2:Attached Unit3:Attached Unit4:Attached
Garage Spaces 3.0
Fence Partial
Roof Type Composition,Rolled/Hot Mop,Tile/Clay
Building
Story 2
Lot Size Range 4000-7499 SF
Water Meter on Property
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional
Space Rent $2,655
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Other/Remarks
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Bought with Gianluca Villanova • Keller Williams Realty