$2,400,000 Price Analysis   ♡   San Diego, CA 92105 Unknown bed 6 bath 3,200 SqFt ($750/SqFt) 7,000SqFt lot. Built 1941 Listed 2024-05-23, Taxes $7,290 | Ⓧ USDA Ineligible due to price & location near San Diego |
Fully renovated and leased out 5-Unit property in Cherokee Point.
3 detached craftsman cottages and 2-story Duplex in the back (5 units total). Community is fully landscaped with outdoor spaces, dog run, auto sprinklers to keep it looking fantastic and a block wall privacy and security gate. All three detached cottages are 2 bd/1ba with private patio/yards and laundry hookups. There are 4 single car garages that can be converted into 2 additional 1bd/1ba units. PLUS a great common space for each unit to have as their own outdoor seating or entertaining area. Inside the cottages have been totally renovated with new kitchens c abinets and countertops, sinks, new appliances, new flooring, new lighting, new flooring, fresh paint and AC and heat system.
The duplex consists of (2) 1bd/1ba units also completely renovated and share a common laundry room downstairs. Fully gated and safe community with privacy from the neighbors with mature tall trees. Less than one block to park and school. This property has tons of opportunity to live in a unit and rent out the rest or for multigenerational living. Units are fully released out with 12 month contracts at market rates making its easy for an investor to start earning cash flow immediately. A feasibility study was conducted showing the cost and timeline for the garag conversions. Also the property is located in a TPA zone allowing you to build up to 16 additional units on the property. The feasibility study shows that information as well.
Presented by Seth Struiksma at
COMPASS.
Property MLS #240011504 from SanDiegoMLS
Full Bathrooms: 5
1/2 Bathrooms: 1
Heating Features: Zoned Areas
Water Heaters: Gas
Lot Size Acres: 0.1606979
Topography: Level
Lot Size Square Feet: 7000
Laundry Facilities
Recreation Area
Number of Units: 5
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 3
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 2
Half Bathrooms in Unit-4: 1
Unit-1 Square Feet: 700
Unit-2 Square Feet: 700
Unit-3 Square Feet: 700
Unit-4 Square Feet: 1100
Source Listing Status: ACTIVE
County: San Diego
Cross Street: El Cajon
Source Property Type: 2-4 UNITS
Area: Metro Uptown
Source Neighborhood: Cherokee Point
Parcel Number: 447-352-21-00
Park Name: 39th St Apartments
Subdivision: NORTH PARK
Zoning: RM 2-5
Property Subtype: Res Income 2-4 Units
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $313,210 + $278,409 $591,619 | $7,290 |
| 2022 | $307,069 + $272,950 $580,019 | $7,096 |
| 2021 | $301,049 + $267,599 $568,648 | $7,048 |
| 2020 | $297,963 + $264,856 $562,819 | $6,962 |
| 2019 | $292,121 + $259,663 $551,784 | $6,839 |
| 2018 | $286,394 + $254,572 $540,966 | $6,394 |
| 2017 | $280,779 + $249,581 $530,360 | $6,242 |
| 2016 | $275,274 + $244,688 $519,962 | $6,140 |
| 2015 | $271,140 + $241,013 $512,153 | $6,050 |
| 2014 | $265,829 + $236,292 $502,121 | $5,956 |
| 2013 | $264,628 + $235,225 $499,853 | $5,948 |
| 2012 | $259,440 + $230,613 $490,053 | $5,483 |
| 2010 | $254,353 + $226,092 $480,445 | $5,289 |
| 2009 | $253,053 + $224,937 $477,990 | $5,303 |
| 2009 | $252,453 + $224,403 $476,856 | $5,303 |
| 2008 | $248,092 + $220,527 $468,619 | $5,117 |
| 2007 | $243,228 + $216,203 $459,431 | $5,081 |
$2,400,000
SanDiegoMLS
Listing removed 2024-05-31
$0
SanDiegoMLS
Listed 2024-05-23
$2,400,000
SanDiegoMLS
Sold 2023-12-01
$1,350,000
Public Record
Sold 2001-11-26
$243,000
Public Record
Sold 1976-02-20
$77,000
Public Record
Year Built: 1941
Building Exterior Type: Wood/Stucco
Entry Location: No
Levels: 2 Story
Property Age: 83
Roof: Composition
Levels or Stories: 2
Water Source: Water: Meter on Property
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.