3014 Palm Street

San Diego, CA 92104

$1,800,000
Price
3
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to this fantastic investment opportunity! Four units located in the vibrant North Park! This property features a main house with 2 bedrooms and 1 bathroom, along with a second unit currently used as an Airbnb with multiple glowing 5-star reviews. In addition, there are two bonus Studios, one of which has been recently renovated. Each unit has its own outdoor space. With a 2-car garage and 1 carport space, this 4-unit property offers great flexibility. Nestled near restaurants, coffee shops,...Welcome to this fantastic investment opportunity! Four units located in the vibrant North Park! This property features a main house with 2 bedrooms and 1 bathroom, along with a second unit currently used as an Airbnb with multiple glowing 5-star reviews. In addition, there are two bonus Studios, one of which has been recently renovated. Each unit has its own outdoor space. With a 2-car garage and 1 carport space, this 4-unit property offers great flexibility. Nestled near restaurants, coffee shops, and breweries, and just a short drive from Balboa Park, the Zoo, Downtown, and beaches, this property represents a unique and profitable investment chance that you won't want to miss!

Listing Agents

  1. Andrea Frank

    Andrea Frank

    Listing Agent

    Compass

    DRE #01715151

  2. Francisco Bazan

    Francisco Bazan

    Alternative Listing Agent

    Compass

    DRE #01496497

Property Details for 3014 Palm Street

Zoning
R-3:RESTRI
Cross Streets
30th
Source Living Area
Assessor
Area
North Park (NOP)
Lot Size Area
3414
Home owner Dues
$0
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0

Location

Listing Courtesy of Compass, Andrea Frank, DRE #01715151; Compass, Francisco Bazan, DRE #01496497
Add your commute
LISTING UPDATED: 05/04/2024 12:46 PM

Property Details for 3014 Palm Street

StatusActive
MLS #240009592SD
Days on Market16
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1941
Lot Size0.08 AC / 3,414 SF
CountySan Diego County

Location

Listing Courtesy of Compass, Andrea Frank, DRE #01715151; Compass, Francisco Bazan, DRE #01496497
Add your commute

Building Information for 3014 Palm Street

Stories1Residences-Year Built1941Building Size-Lot Size0.08 AC / 3,414 SF

Payment Calculator

$9,823 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,823

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3014 Palm Street

Community / Development
Community / Development
  • Complex Name: .
  • Number Of Units: 4
  • Builders Tract Name: North Park
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 1
  • View: No
  • View Description: None
  • Security Features: None
  • Water: Meter on Property
  • Sewer: Sewer Connected
  • Water Heater Features: Gas, Other, Tankless
  • Water District: CITY OF SAN DIEGO
Contract Info
Contract Info
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $85,860.00
  • Gross Scheduled Income: $109,868
  • Cap Rate: 4.50%
  • Gross Rent Multiplier: $16.40
  • Other Income1: $.00
  • Total Annual Expense: 24000
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
  • Lot Acreage: 0.08
  • Lot Description: Curbs, Sidewalks, Street Paved
  • Lot Location: Alley Access, Other/Remarks
Parking Details
Parking Details
  • Parking Garage: None, None Known
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Central Forced Air, Wall/Window
  • Heating Type: Electric, Forced Air, Natural Gas, Other
Exterior Features
Exterior Features
  • Pool: No
  • Pool Description: None
  • Spa: No
  • Roof: Composition
  • Fence: Full
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional
  • Tenant Pays: Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $2,100.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $4,500.00
  • Unit Actual Rent: $4,500.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Baths: 1
  • Unit Rent: $1,800.00
  • Unit Actual Rent: $1,800.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 4 Information
  • Unit Baths: 1
  • Unit Rent: $1,450.00
  • Unit Actual Rent: $1,450.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1

Property History for 3014 Palm Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 3014 Palm Street

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 1 to 12
Charter - K to 5
Rating
School
Distance
McKinley Elementary School
PublicK to 5

Roosevelt International Middle School
Public6 to 8

Alba School
Public1 to 12

Mcgill School Of Success
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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3014 Palm Street is a multi-family home for sale in San Diego, CA 92104. This property was listed for sale on May 1, 2024 by Compass, it's currently listed at $1,800,000. This listing's school district is San Diego Unified School District. Nearby schools include McKinley Elementary School, Roosevelt International Middle School and Alba School. 3014 Palm Street is a 3-bed, 4-bath, multi-family home built in 1941.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Andrea Frank, DRE #01715151; Compass, Francisco Bazan, DRE #01496497

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