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$2,750,000   Price Analysis
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2625-31 K St
San Diego, CA 92102
8 bed 4 bath 2,904 SqFt ($946/SqFt)
7,070SqFt lot. Built 1965
Listed 2023-12-21, Taxes $2,653
Ⓧ USDA Ineligible
due to price & location

near South Park

Excellent investment/development opportunity in Sherman Heights.

This vibrant neighborhood is experiencing the excitement of revitalization and is ideally located within blocks of downtown San Diego, Balboa Park, City College, Petco Park, San Diego Bay, Gaslamp District and the San Diego Airport. Four attached un its, each consisting of 2 bedrooms 1 bath, on RARE 7, 070 sf Lot offers incredible upside potential for development.

The zoning is RM1-1. An investor/developer can take advantage of the new development standards in the city of Sn Diego to further make this property more desirable. Onsite and street parking with alley access. Steps away from cafes, boutiques, entertainment venues, restaurants and minutes to freeways. No sign on property.


Presented by Pavleta Alexander at
Pacific Sotheby's International Realty.
Listing Agent Photo

Property MLS #NDP2309545 from CRMLS

Bedrooms: 8

Full Bathrooms: 4

Lot Description: 2-5 Units/Acre
Lot Size Acres: 0.1623049
Lot Size Source: Public Records
Lot Size Square Feet: 7070

Number of Units: 4
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: 1

Calculated Total Monthly Association Fees: 0

Number of Units Leased: 4

Community Features: Urban

Source Listing Status: Active
County: San Diego
Source Property Type: Residential Income
Insurance Expense: 1260.00
Area: 92102 - San Diego
Source Neighborhood: 92102 - San Diego
New Taxes Expense: 4320.00
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 4
Parcel Number: 5355011100
Zoning: RM-2-5
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2023$153,317 + $59,722
$213,039
$2,653
2022$150,311 + $58,551
$208,862
$2,582
2021$147,364 + $57,403
$204,767
$2,565
2020$145,853 + $56,815
$202,668
$2,534
2019$142,994 + $55,701
$198,695
$2,490
2018$140,191 + $54,609
$194,800
$2,329
2017$137,443 + $53,539
$190,982
$2,273
2016$134,749 + $52,490
$187,239
$2,233
2015$132,725 + $51,702
$184,427
$2,201
2014$130,126 + $50,690
$180,816
$2,168
2013$129,538 + $50,461
$179,999
$2,165
2012$126,999 + $49,472
$176,471
$1,998
2010$124,509 + $48,502
$173,011
$1,929
2009$123,873 + $48,255
$172,128
$1,933
2009$123,579 + $48,140
$171,719
$1,933
2008$121,445 + $47,309
$168,754
$1,866
2007$119,064 + $46,382
$165,446
$1,853

Listed 2023-12-21
$2,750,000
CRMLS

Net Operating Income: 58308.00

Total Square Feet Living: 2904
Year Built: 1965
Building Features: 1
Common Walls: 2+ Common Walls, No One Above
Entry Level: 1
Entry Location: 1
Property Age: 59
Property Attached: Yes
Building Total Stories: 1
Year Built Source: Appraiser

Water Source: Public

Sherman Elementary School is a public elementary school located approximately 0.3 miles away.
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Our Lady's School is a private elementary and middle school located approximately 0.4 miles away.
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King-Chavez Preparatory Academy is a public middle school located approximately 0.4 miles away.
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Monarch School is a public elementary, middle and high school located approximately 0.8 miles away.
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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.