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PENDING
1501 Grove St., San Diego, CA 92102
4
beds
2
baths
4222
ft2
· 10303
ft2 lot
$2,180,000
$516 / ft2
Listing provided courtesy of , .
Source CRMLS.
Location Location Location 6 units: SFR, Duplex and Triplex on 2 parcels. A real value-add asset in the coveted neighborhood of South Park, San Diego. First time in market since 1995. Prime rental location for both long-term and short-term Airbnb. This unique investment opportunity consists of two parcels: Parcel 1: A spacious 2 bedroom/1 bath detached house that includes additional rooms such as dining room, a large closet room behind bedroom that can be used for home office and a storage /laundry room behind kitchen. Parcel 2: Includes a duplex consisting of a 2 bedroom/1 bath and a 1 bedroom/1 bath unit along with a triplex consisting of (3) 1 bedroom one bath units. There are 3 total garage / storage spaces. Ample yard space. All units are separately metered. The neighborhood of South Park is bordered by balboa park to the west, north park to the north, the interstate 15 east and Golden hills to the south. This sale lends investors the rare opportunity to acquire a value add property in one of San Diego's most coveted residential rental markets, Located in the hearth of South park, this complex is within walking distance tom many local stores and eateries, only few blocks away from entertainment on 30th street and renowned Balboa Park. The property is located in mostly single-family residential area with in historically designated neighborhood giving the buyer the opportunity save up to 50% on property taxes by applying for Mills act.
HOA
$—/month
On market
1 month
Year built
1926
Property type
Multi-Family
Parking
2
MLS
PTP2100492
Price / Sq.Ft.
$516 / ft2
Status
Pending
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: See Remarks
•   
Laundry: 1
Interior Size
•   
Building Area Total: 4222.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 2.00
Building Info
•   
Zoning: Multi
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: Corner Lot, Front Yard
•   
Lot Size Source: Assessor
•   
Lot Size Acres: 0.2300
•   
Additional Parcels Description: 5393631300
•   
Lot Size Area: 10303.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 3
•   
Total Units: 6
Property Features
•   
Common Walls: 1 Common Wall
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 1
•   
Number Of Separate Gas Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 1500.00
•   
Cap Rate: 3.69
•   
Fuel Expense: 0.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 26890.00
•   
Insurance Expense: 2200.00
•   
Professional Management Expense: 6495.00
•   
Total Expenses: 49410.00
•   
Gross Scheduled Income: 133920.00
•   
Operating Expense: 49410.00
Tax/Assessment Info
•   
Gross Income: 6490.00
•   
Tax Year: 2020
•   
Taxes: 1424.0
Lease Info
•   
Net Operating Income: 80493.00
Listing Info
•   
Status: Pending
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 2190.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 2190.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 1
•   
Unit 1 Garage Spaces: 1.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 0.00
•   
Unit 1 Total Rent: 0.00
Multi Unit Information
•   
# Of Units: 2
School Neighborhood & Directions
Location
•   
Community Features: Curbs, Sidewalks
School Info
•   
Directions: 94 to 30th North. Right on Beech St. Corner of Beech & Grove.
Virtual Tour Link
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Calculation
•   
Dom: 12
•   
Cdom: 109
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Mar 07, 2021 3:27am
Neighborhood snapshot
%Sale/List
Sqft
24
Properties for sale
6
Median days on market
$507.19
Median sold price/sqft
100.60%
Sold/List %
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Property History
02/04/2021
02/04/2021
CRMLS #PTP2100492
pending
CRMLS #PTP2100492
$2,180,000
01/23/2021
01/23/2021
CRMLS #PTP2100492
active
CRMLS #PTP2100492
$2,180,000
--0.46%
09/25/2020
09/25/2020
CRMLS #PTP2000143
active
CRMLS #PTP2000143
$2,190,000
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