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SOLD 9/10/2021

4401 College Ave, San Diego, CA 92115$1,375,000

8
beds
4
baths
· 6072
ft2 lot

Listing provided courtesy of Listing Broker: Micah Logan, Windermere Homes & Estates
Source CRMLS;
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Turn-key Mid-Century modern low maintenance property with quality tenants & upside in rental income. Complete $375k Renovation in 2015 including all new cabinets, granite counters, luxury vinyl flooring, stainless appliances & washer/dryer in each unit. New exterior paint, windows, doors, fence & drought-tolerant landscaping. Individual gas meters for each unit. Tankless water heaters. This property has true pride of ownership with little turn-over. See supplement. This property is an ideal long-term hold with it's excellent location, premium updates and very low maintenance costs. Each unit has been very easy to fill, never any vacancies longer than a week. All tenants pay rent electronically through Venmo the 1st of the month. This building was set up to be a self-managed investment without the need to pay exorbitant management costs. HDTV Broadcast Antenna hardwired to each unit provides basic channels, CAT5 hardwired to each unit from utility closet which houses Cox internet modem/router. Luxury vinyl plank flooring is very durable, easy to maintain with individual plank replacement if needed. Stainless refrigerators, ovens, range hoods, LED under cabinet lighting. LED in ceiling light fixtures. New kitchen cabinets, fixtures, closets, fans, ceiling lights, complete bathroom vanities and high-end storage mirrors. New exterior paint, windows, doors and new fence making property very secure. All new drought-tolerant landscaping on drip irrigation, automated nighttime LED lighting. One storage closet per unit on rear exterior of building. Unit # for Unit 1: 4401 Unit # for Unit 2: 4403 Unit # for Unit 3: 4405 Unit # for Unit 4: 4407 Number of Furnished Units: 0 Topography: LL

HOA

$0/month

On market

2 months

Year built

1954

Property type

Multi-Family

Parking

MLS

210015177

Price / Sq.Ft.

ft2

Status

Closed

Home details for 4401 College Ave

Interior Features & Layout
Appliances
•   
Appliances: Gas Water Heater
•   
Has Appliances
•   
Security Features: Gated Community
Heating & Cooling
•   
Has Heating
•   
Heating Details: Natural Gas, Forced Air
•   
Cooling Details: Wall/Window Unit(s)
Property, Lot, Community & Exterior Features
Building Info
•   
Zoning: R-4:MULTIP
•   
Roof: Composition
•   
Stories Total: 2
•   
Num Stories: Two
Lot Info
•   
Lot Features: Sprinklers Drip System
•   
Lot Size Source: Assessor
•   
Lot Size Acres: 0.1394
•   
Lot Size Area: 6072.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 4
Listing Details, Costs & Financing Information
Lease Info
•   
Net Operating Income: 66936.00
Financial Info
•   
Cap Rate: 5.20
•   
Gross Scheduled Income: 77640.00
Tax/Assessment Info
•   
Tax Year: 2020
•   
Taxes: 8624.18
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 1649.00
•   
Unit 3 Garage Spaces: 0.00
•   
Unit 3 Bathrooms: 1
Unit 2 Information
•   
Unit 2 Actual Rent: 1640.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 0.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1640.00
Unit 4 Information
•   
Unit 4 Actual Rent: 1595.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 0.00
•   
Unit 4 Bedrooms: 2
Multi Unit Information
•   
Number With Refrigerator: 4
•   
# Of Units: 4
•   
Number With Patio: 2
•   
Number With Dishwasher: 4
•   
Number With Range: 4
School Neighborhood & Directions
Location
•   
Other Subdivision Name: San Diego
•   
Subdivision: San Diego
School Info
•   
Directions: CrossStreet: University Ave
Virtual Tour Link
Virtual Tour
•   
Virtual Tour Url Unbranded
Other
Calculation
•   
Dom: 45
•   
Cdom: 64

Neighborhood snapshot

9
Properties for sale
7
Median days on market
$525.32
Median sold price/sqft
102.53%
Sold/List %
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Property History for 4401 College Ave

09/10/2021
09/10/2021
Public Record
sold
Public Record
$1,375,000
--1.43%
09/10/2021
09/10/2021
CRMLS #210015177
sold
CRMLS #210015177
$1,395,000
08/06/2021
08/06/2021
CRMLS #210015177
pending
CRMLS #210015177
$1,395,000
06/29/2021
06/29/2021
CRMLS #210015177
active
CRMLS #210015177
$1,395,000
+7.72%
06/10/2021
06/10/2021
CRMLS #210015177
pending
CRMLS #210015177
$1,295,000
See more property history

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