2430 Union Street

San Diego, CA 92101

$3,000,000
Last Sold Price
6
Beds
4
Baths
3,401 Sq. Ft.
$882 / Sq. Ft.
3,401
Sq. Ft.
$882
per Sq. Ft.

Description

Rare Opportunity to own a practically brand new building in one of San Diego's most prestigious neighborhoods that generates enough income to have leveraged cash flow! Union 4 is that opportunity. Original historic house that has been renovated and still carries a Mills Act designation for lower property taxes along with 3 units built in 2013 by a well known San Diego architect. The location will attract both young professionals looking to live within walking distance to downtown but you can also...Rare Opportunity to own a practically brand new building in one of San Diego's most prestigious neighborhoods that generates enough income to have leveraged cash flow! Union 4 is that opportunity. Original historic house that has been renovated and still carries a Mills Act designation for lower property taxes along with 3 units built in 2013 by a well known San Diego architect. The location will attract both young professionals looking to live within walking distance to downtown but you can also operate the building as a Short Term Vacation Rental. The Penthouse 2BR suite is going to remain as a Vacation Rental which will allow an investor to decide how to operate it moving forward. Offered at a 4.13% cap with long term rentals this is easily one of the best opportunities in Southern CA considering the quality and location. Operated as a full time vacation rental the property has the potential to generate >$260,000 and over a 6% Cap Rate. In addition the current owners have worked with the city and there are approved plans for a 257 Sq Ft Accessory Dwelling Unit (ADU) that should generate an additional $24K to $28K of income. Do not miss this opportunity.
  1. Listed by Thomas McCartin • DRE #01427348 • Brokerage DRE #00530854 • Marcus & Millichap

Property Details for 2430 Union Street

Area
San Diego Downtown (92101)
Neighborhood
Bankers Hill
Community
SAN DIEGO
City Postal ID
SAN DIEGO DOWNTOWN (92101)
Cross Street(s)
Union & West Laurel

Location

Listing Courtesy of Marcus & Millichap, Thomas McCartin, DRE #01427348

Sold By Marcus & Millichap, Thomas McCartin, DRE #01427348

Add your commute
LISTING UPDATED: 04/20/2022 01:21 PM

Property Details for 2430 Union Street

StatusSold
MLS #220007137
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2013
Lot Size0.12 AC / 5,227 SF
CountySan Diego County

Location

Listing Courtesy of Marcus & Millichap, Thomas McCartin, DRE #01427348

Sold By Marcus & Millichap, Thomas McCartin, DRE #01427348

Add your commute

Building Information for 2430 Union Street

Stories3Residences-Year Built2013Building Size-Lot Size0.12 AC / 5,227 SF

Payment Calculator

$17,347 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,372

Property Taxes

$975

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2430 Union Street

Summary Information
Property and Location
  • System ID: 220007137
  • Class: 2-4 UNITS
  • Levels: 3 Story
  • Year Built: 2013
  • Street Number Numeric: 2430
  • Street Name: Union Street
  • Complex Features: BBQ
  • Age Restrictions: N/K
  • Market Area: Metro Central
HOA and Fees
  • Monthly Total Fees: $0
  • CFD/Mello-Roos Fee: $0
  • Other Fees: $0
Interior and Exterior Features
Interior Features
  • Num of Units w/Dishwashers: 4
  • Num of Units w/Cooling: 44
  • Cooling: Zoned
Exterior Features
  • Exterior: Brick, Metal, Vinyl
  • Roof: Composition
  • Fencing: Partial
  • Security: N/K
Property Information
Property and Assessments
  • Total Stories: 3
  • Entry Only: No
  • Lot Size: 4,000-7,499 SF
  • Lot Size Source: Title Company
  • Complex/Park: N/A
  • Assessors Parcel Num: 533-062-05-00
Multi Family Information
Unit 1
  • Unit Num for Unit 1: 1
  • Parking Non-Garage Unit 1: Assigned, Carport
  • Unit 1 Num of Bedrooms: 2
  • Unit 1 Num of Total Baths: 1
  • Unit 1 Deposit: $500
  • Unit 1 Estimated SqFt: 1,000
  • Unit 1 Exclusive Use Yard: No
  • Unit 1 Laundry Hook Ups: Yes
  • Unit 1 Occupied: Vacant
  • Unit 1 Projected Rent: $4,300
  • Unit 1 Rent Actual: $4,000
Unit 2
  • Unit Num for Unit 2: 2
  • Parking Non-Garage Unit 2: Assigned, Carport
  • Unit 2 Num of Bedrooms: 2
  • Unit 2 Num of Total Baths: 1
  • Unit 2 Deposit: $500
  • Unit 2 Estimated SqFt: 1,101
  • Unit 2 Exclusive Use Yard: No
  • Unit 2 Laundry Hook Ups: Yes
  • Unit 2 Occupied: Tenant
  • Unit 2 Projected Rent: $4,250
  • Unit 2 Rent Actual: $3,500
Unit 3
  • Unit Num for Unit 3: 3
  • Parking Non-Garage Unit 3: Assigned, Carport
  • Unit 3 Num of Bedrooms: 1
  • Unit 3 Num of Total Baths: 1
  • Unit 3 Deposit: $500
  • Unit 3 Estimated SqFt: 650
  • Unit 3 Exclusive Use Yard: No
  • Unit 3 Laundry Hook Ups: Yes
  • Unit 3 Occupied: Tenant
  • Unit 3 Projected Rent: $2,700
  • Unit 3 Rent Actual: $2,600
Unit 4
  • Unit Num for Unit 4: 4
  • Parking Non-Garage Unit 4: Assigned, Carport
  • Unit 4 Num of Bedrooms: 1
  • Unit 4 Num of Total Baths: 1
  • Unit 4 Deposit: $500
  • Unit 4 Estimated SqFt: 650
  • Unit 4 Exclusive Use Yard: No
  • Unit 4 Laundry Hook Ups: Yes
  • Unit 4 Occupied: Tenant
  • Unit 4 Projected Rent: $2,750
  • Unit 4 Rent Actual: $2,700
Building Details
  • Amenities: Assoc Barbecue, BBQ

Property History for 2430 Union 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 2430 Union Street

Taxable ValueLand$571,008Additions$380,673Total$951,681
Tax Record2023$11,703 ($975 / month)
Home Facts
Total Finished SqFt3,401 SqFtAbove Grade Finished SqFt3,401 SqFtLot Size5,102 SqFtStyleMiscellaneous AgriculturalYear Built2013ZoningSPECIAL AND/OCountySAN DIEGOAPN533-062-05-00

Schools near 2430 Union Street

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

Roosevelt International Middle School
Public6 to 8

King-Chavez Community High School
Charter9 to 12

Museum
CharterK to 8

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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Similar Sold Homes

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Listing Courtesy of Marcus & Millichap, Thomas McCartin, DRE #01427348

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