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2702 Highland Avenue, San Diego, CA 92105
5
beds
3
baths
1500
ft2
· 3498
ft2 lot
$649,988
$433 / ft2
Listing provided courtesy of Kristine Kurz, Real Estate Ebroker Inc.
Source CRMLS.
Rare opportunity to own a large duplex in up and coming area of City Heights. Ideal mix with a 3-bedroom unit and a 2-bedroom unit. All units on ground level, and feature garbage disposals, gas stoves, wall furnaces and security doors. Both units have private yards/patios. Off street parking spots for both units. Total building square footage of approximately 1500 sq ft on a generous 3500 sq ft lot. Lot is fenced on all sides. Separate gas and electric meters – tenants pay for increased cash flow. Some cast iron waste lines upgraded to ABS. Washer and dryer hookups available to support coin-operated laundry. Property is conveniently located a short walk to Hollywood Park, Swan Canyon, and Hamilton Elementary. This is located in an up and coming area of City Heights primed for redevelopment. Easy freeway access. Great cash flow opportunity! Current rental agreements are near market rate. Market rates provide an estimated 20% upside and further increase already excellent cap rate. Perfect purchase for both investors or owner occupants. Drive by only! Please do not disturb tenants.
HOA
$0/month
On market
4 months
Year built
1958
Property type
Multi-Family
Parking
2
MLS
OC21004889
Price / Sq.Ft.
$433 / ft2
Status
Active
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Common Area, Community, Gas Dryer Hookup, Inside, See Remarks, Washer Hookup
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
Interior Size
•   
Building Area Total: 1500.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Assigned, Off Street
•   
Garage Spaces: 0.00
•   
Uncovered Spaces: 2.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: R4
•   
Roof: Shingle
•   
Foundation Details: Raised
•   
Stories Total: 1
•   
Num Stories: One
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: Front Yard, Rectangular Lot
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.0803
•   
Lot Size Area: 3498.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 2
Property Features
•   
Common Walls: 1 Common Wall, No One Above, No One Below
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 2
•   
Utilities: Electricity Available, Natural Gas Available, See Remarks, Sewer Available, Water Available
•   
Number Of Separate Gas Meters: 2
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 900.00
•   
Cap Rate: 4.70
•   
Total Actual Rent: 3350.00
•   
Trash Expense: 600.00
•   
New Taxes Expense: 7150.00
•   
Insurance Expense: 1200.00
•   
Total Expenses: 9850.00
•   
Gross Scheduled Income: 40200.00
•   
Tax Block: B
•   
Operating Expense: 0.00
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 40200.00
•   
Tax Year: 2020
•   
Taxes: 2674.0
Terms
•   
Exclusions: Tenant personal property
Lease Info
•   
Net Operating Income: 40200.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 1400.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 1.00
•   
Unit 2 Total Rent: 1400.00
Unit 1 Information
•   
Unit 1 Bedrooms: 3
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 1.00
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 1950.00
•   
Unit 1 Total Rent: 1950.00
Multi Unit Information
•   
# Of Units: 2
•   
Number Of Units Leased: 2
•   
Number With Disposal: 2
School Neighborhood & Directions
Location
•   
Other Subdivision Name: City Heights
•   
Subdivision: City Heights
•   
Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights
School Info
•   
Directions: Cross streets: Fairmount Ave and Olive St
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 16, 2021 2:10pm
Neighborhood snapshot
27
Properties for sale
7
Median days on market
$427.72
Median sold price/sqft
101.49%
Sold/List %
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Property History
01/29/2021
01/29/2021
CRMLS #OC21004889
active
CRMLS #OC21004889
$649,988
01/09/2021
01/09/2021
CRMLS #OC21004889
other
CRMLS #OC21004889
$649,988
+42.85%
05/15/2020
05/15/2020
Public Record
sold
Public Record
$455,000
--10.78%
05/15/2020
05/15/2020
CRMLS #200002692
sold
CRMLS #200002692
$510,000
+580.00%
05/25/1999
05/25/1999
Public Record
sold
Public Record
$75,000
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