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1602 Meade Avenue, San Diego, CA 92116$1,495,000

5
beds
4
baths
· 4948
ft2 lot

Listing provided courtesy of Scot Gentry, Ascent Real Estate, Inc
Source CRMLS;
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UNIVERSITY HEIGHTS across the street from Birney Elementary! Just west of popular Park Blvd, this 4 unit, corner lot property with 2 single car garages is just blocks from Trolley Barn Park & Uptown District in Hillcrest! Sited in two front/back unit setups, the west structure's elevated front porch & high ceilings may conjure images of a San Francisco rowhome. MULTIPLE opportunities to explore for this GEM: KEEP as it is with 3 out of the 4 UNITS Market Rate Rent Ready!! LIVE in one (or combine two) & rent out others for helper income OR EARN income while you make plans for the potential development opportunity afforded by the Complete Communities & Transit Priority overlay zones as described in the attached cursory Development Summary provided by Architects Local. 1st time on market in 30+ years with many improvements made!! See Supplement!! Each unit has its own identity and have the potential for their own semi-private outdoor spaces. A few of the units retain elements of their original charm, character and architectural details - maple or Douglas Fir wood flooring, rounded door mouldings, picture rails & glass door knobs. In the San Diego Metro neighborhoods it is easy to envision its long term prospects - increased redevelopment and higher density mean land values will inevitably rise over the long haul. With 4 units today and multiple opportunities to explore, isn't it nice to have options?!? Carpe diem! Sewer: Sewer Connected Unit # for Unit 1: 1602 Unit # for Unit 2: 1604 Unit # for Unit 3: 1606 Unit # for Unit 4: 1608 Unit 1 Parking Spaces: 0 Unit 2 Parking Spaces: 0 Unit 3 Parking Spaces: 0 Unit 4 Parking Spaces: 0 Number of Furnished Units: 0 Topography: LL

HOA

$0/month

On market

2 months

Year built

1910

Property type

Multi-Family

Parking

MLS

220024816SD

Price / Sq.Ft.

ft2

Status

Active

Buyer’s Brokerage Commission

2.5%

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Home details for 1602 Meade Avenue

Interior Features & Layout
Appliances
•   
Appliances: Gas Water Heater
•   
Has Appliances
Heating & Cooling
•   
Has Heating
•   
Heating Details: Natural Gas
Property, Lot, Community & Exterior Features
Lot Info
•   
Lot Size Source: Assessor
•   
Lot Size Acres: 0.1136
•   
Lot Size Area: 4948.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 4
Property Features
•   
Fencing: Partial, None
Building Info
•   
Roof: Composition, Rolled/Hot Mop
•   
Num Stories: Multi/Split
Listing Details, Costs & Financing Information
Lease Info
•   
Net Operating Income: 44460.00
Financial Info
•   
Cap Rate: 2.79
•   
Gross Scheduled Income: 68400.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 0.00
•   
Unit 3 Garage Spaces: 0.00
•   
Unit 3 Bathrooms: 1
Unit 2 Information
•   
Unit 2 Actual Rent: 1300.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 0.00
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 0.00
Unit 4 Information
•   
Unit 4 Actual Rent: 0.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 0.00
•   
Unit 4 Bedrooms: 1
Multi Unit Information
•   
Number With Refrigerator: 3
•   
# Of Units: 4
•   
Number With Patio: 2
•   
Number With Range: 4
School Neighborhood & Directions
Location
•   
Other Subdivision Name: University Heights
•   
Subdivision: University Heights
School Info
•   
Directions: West of Park Blvd at the intersection of Meade Avenue and Campus Avenue. CrossStreet: Campus Avenue
Virtual Tour Link
Virtual Tour
Other
Calculation
•   
Dom: 24
•   
Cdom: 24

Neighborhood snapshot

16
Properties for sale
7
Median days on market
$710.75
Median sold price/sqft
103.07%
Sold/List %
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Property History for 1602 Meade Avenue

11/09/2022
11/09/2022
CRMLS #220024816SD
pending
CRMLS #220024816SD
$1,495,000
--6.27%
10/09/2022
10/09/2022
CRMLS #220024816SD
pending
CRMLS #220024816SD
$1,595,000
09/29/2022
09/29/2022
CRMLS #220024816SD
active
CRMLS #220024816SD
$1,595,000
+6.69%
09/29/2022
09/29/2022
CRMLS #220024816SD
active
CRMLS #220024816SD
$1,495,000

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