2625-31 K Street

San Diego, CA 92102

$2,750,000
Price
8
Beds
4
Baths
2,904 Sq. Ft.
$947 / Sq. Ft.
2,904
Sq. Ft.
$947
per Sq. Ft.

Description

Excellent investment/development opportunity in Sherman Heights. This vibrant neighborhood is experiencing the excitement of revitalization and is ideally located within blocks of downtown San Diego, Balboa Park, City College, Petco Park, San Diego Bay, Gaslamp District and the San Diego Airport. Four attached units, each consisting of 2 bedrooms 1 bath, on RARE 7,070 sf Lot offers incredible upside potential for development. The zoning is RM1-1. An investor/developer can take advantage of the new...Excellent investment/development opportunity in Sherman Heights. This vibrant neighborhood is experiencing the excitement of revitalization and is ideally located within blocks of downtown San Diego, Balboa Park, City College, Petco Park, San Diego Bay, Gaslamp District and the San Diego Airport. Four attached units, each consisting of 2 bedrooms 1 bath, on RARE 7,070 sf Lot offers incredible upside potential for development. The zoning is RM1-1. An investor/developer can take advantage of the new development standards in the city of San Diego to further make this property more desirable. Onsite and street parking with alley access. Steps away from cafes, boutiques, entertainment venues, restaurants and just minutes to freeways. No sign on property.
  1. Listed by Pavleta Alexander • DRE #01371979 • Brokerage DRE #01767484 • Pacific Sotheby's Int'l Realty • estates@pavleta.com
  2. Listed by Kathy Herington • DRE #01816194 • Brokerage DRE #01767484 • Pacific Sotheby's Int'l Realty

Property Details for 2625-31 K Street

Parking Spaces Total
0
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
2904
Assessor Parcel Number
535-501-11-00
Property Attached YN
true

Location

Listing Courtesy of Pacific Sotheby's Int'l Realty, Pavleta Alexander, DRE #01371979; Pacific Sotheby's Int'l Realty, Kathy Herington, DRE #01816194
Add your commute
LISTING UPDATED: 02/14/2024 11:43 PM

Property Details for 2625-31 K Street

StatusActive
MLS #NDP2309545
Days on Market133
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1965
Lot Size0.16 AC / 7,070 SF
CountySan Diego County

Location

Listing Courtesy of Pacific Sotheby's Int'l Realty, Pavleta Alexander, DRE #01371979; Pacific Sotheby's Int'l Realty, Kathy Herington, DRE #01816194
Add your commute

Building Information for 2625-31 K Street

Stories1Residences-Year Built1965Building Size-Lot Size0.16 AC / 7,070 SF

Payment Calculator

$15,008 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,008

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2625-31 K Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $74,820
  • Gross Scheduled Income: $74,820
  • Net Operating Income: $58,308
  • Cap Rate: 0.0
Expense Details
  • Operating Expense: $13,811
  • New Taxes Expense: $4,320
  • Insurance Expense: $1,260
  • Trash Expense: $0
  • Total Expenses: $13,811
Tax / Assessment Info
  • Tax Tract Number: DB0014
  • Tax Lot: 53550111
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: 1
  • Fence: No
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,735
  • Unit Type Total Rent: $6,235
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $6,235
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $6,235
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $6,235
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4

Property History for 2625-31 K Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 2625-31 K Street

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

King-Chavez Preparatory Academy
Charter6 to 8

Garfield High School
Public9 to 12

Logan K-8
PublicK 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.

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2625-31 K Street is a multi-family home for sale in San Diego, CA 92102. This property was listed for sale on December 16, 2023 by Pacific Sotheby's Int'l Realty, it's currently listed at $2,750,000. This listing's school district is San Diego Unified School District. Nearby schools include Sherman Elementary School, King-Chavez Preparatory Academy and Garfield High School. 2625-31 K Street is a 8-bed, 4-bath, 2,904 sqft multi-family home built in 1965.

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 Pacific Sotheby's Int'l Realty, Pavleta Alexander, DRE #01371979; Pacific Sotheby's Int'l Realty, Kathy Herington, DRE #01816194

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