1268 Locust Street

San Diego, CA 92106

$3,397,000
Price
8
Beds
8
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

A rare opportunity to own an amazing multifamily investment property in beautiful Point Loma, one of the most sought-after areas in San Diego. This never-before-listed gem, custom-built in 1992 on a corner lot, speaks to comfort and functionality. Each of the four units consist of two bedrooms and two full bathrooms, with one of the bathrooms being a primary en suite. Residents will enjoy the convenience of an indoor washer and dryer, a cozy gas fireplace, a wet bar, a private balcony, ample closet...A rare opportunity to own an amazing multifamily investment property in beautiful Point Loma, one of the most sought-after areas in San Diego. This never-before-listed gem, custom-built in 1992 on a corner lot, speaks to comfort and functionality. Each of the four units consist of two bedrooms and two full bathrooms, with one of the bathrooms being a primary en suite. Residents will enjoy the convenience of an indoor washer and dryer, a cozy gas fireplace, a wet bar, a private balcony, ample closet space throughout, and an abundance of natural light streaming through the expansive windows and skylights. They are all a generous 1,055 square feet and the top two units have vaulted ceilings which provide an even more spacious feel. An ideal and invaluable feature of this property is its gated subterranean garage with a parking spot and additional storage closet for each unit. The property s driveway also allows for tandem parking and leads to a small communal area featuring a brick BBQ. An added perk? Each of the four units is equipped with its own water meter, ensuring autonomy and efficiency. Located just blocks from tranquil Shelter Island and only minutes from an array of shopping, dining, schools, and local attractions, this property offers a unique chance to own a prime piece of real estate in one of San Diego s highly desirable locales. Don t let it pass you by!
  1. Listed by Karine Izidoro • DRE #01941146 • Brokerage DRE #01360786 • Keller Williams SanDiego Metro

Property Details for 1268 Locust Street

Zoning
R-4
Cross Streets
Dickens Street
Source Living Area
Assessor
Area
Point Loma (POL)
Lot Size Area
5327
Home owner Dues
$0
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0

Location

Listing Courtesy of Keller Williams SanDiego Metro, Karine Izidoro, DRE #01941146
Add your commute
LISTING UPDATED: 03/21/2024 05:51 PM

Property Details for 1268 Locust Street

StatusActive
MLS #230022316SD
Days on Market146
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1992
Lot Size0.12 AC / 5,327 SF
CountySan Diego County

Location

Listing Courtesy of Keller Williams SanDiego Metro, Karine Izidoro, DRE #01941146
Add your commute

Building Information for 1268 Locust Street

Stories2Residences-Year Built1992Building Size-Lot Size0.12 AC / 5,327 SF

Payment Calculator

$19,501 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,539

Property Taxes

$962

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1268 Locust Street

Community / Development
Community / Development
  • Complex Name: N/A
  • Number Of Units: 4
  • Pets Allowed: Yes
  • Amenities: Assoc Barbecue, BBQ
  • Builders Tract Name: Roseville
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 2
  • View: No
  • Security Features: None
  • Water: Meter on Property, Other
  • Sewer: Sewer Connected
  • Water Heater Features: Gas
  • 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: $108,467.00
  • Gross Scheduled Income: $9,882
  • Cap Rate: 3.19%
  • Gross Rent Multiplier: $29.08
  • Other Income1: $.00
  • Total Annual Expense: 10117
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
  • Lot Acreage: 0.12
  • Lot Description: West of I-5
  • Lot Location: Corner Lot
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: None
  • Heating Type: Fireplace, Forced Air, Natural Gas
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Fence: Partial
  • Sprinklers: Sprinkler System
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional, Exchange
  • Tenant Pays: Cable TV, Electricity, Hot Water, Sewer, Water
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Rent: $2,650.00
  • Unit Actual Rent: $2,650.00
  • Unit Projected Rent: $3,400.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Rent: $2,650.00
  • Unit Actual Rent: $2,650.00
  • Unit Projected Rent: $3,400.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Rent: $2,291.00
  • Unit Actual Rent: $2,291.00
  • Unit Projected Rent: $3,400.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Rent: $2,291.00
  • Unit Actual Rent: $2,291.00
  • Unit Projected Rent: $3,400.00
  • Like Units: 1

Property History for 1268 Locust Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1268 Locust Street

Taxable ValueLand$456,291Additions$546,439Total$1,002,730
Tax Record2017$11,538 ($962 / month)
Home Facts
Beds8Above Grade Finished SqFt4,220 SqFtLot Size5,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1992Year Renovated1992ZoningR4CountySAN DIEGOAPN5313140700

Schools near 1268 Locust Street

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Cabrillo Elementary School
PublicK to 4

Dana
Public5 to 6

Correia Middle School
Public7 to 8

Point Loma High School
Public9 to 12

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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1268 Locust Street is a multi-family home for sale in San Diego, CA 92106. This property was listed for sale on November 12, 2023 by Keller Williams SanDiego Metro, it's currently listed at $3,397,000. This listing's school district is San Diego Unified School District. Nearby schools include Cabrillo Elementary School, Dana and Correia Middle School. 1268 Locust Street is a 8-bed, 8-bath, multi-family home built in 1992.

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 Keller Williams SanDiego Metro, Karine Izidoro, DRE #01941146

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