4232 Adams Avenue

San Diego, CA 92116

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

Description

Location location location! 4232-34 Adams Avenue is a mixed use property featuring three residential units and an office/flex space. The property is zoned CN-1-3 AND RS-1-7 and fall within the Complete Communities Housing Overlay (Tier 3- 6.5 FAR). There are multiple exit strategies for a new owner and inventory in Kensington is always scarce! A full feasibility study has been done on the property, so if you have questions about what can be built, please reach out to the listing agents. Don't miss...Location location location! 4232-34 Adams Avenue is a mixed use property featuring three residential units and an office/flex space. The property is zoned CN-1-3 AND RS-1-7 and fall within the Complete Communities Housing Overlay (Tier 3- 6.5 FAR). There are multiple exit strategies for a new owner and inventory in Kensington is always scarce! A full feasibility study has been done on the property, so if you have questions about what can be built, please reach out to the listing agents. Don't miss out on this unique opportunity!
  1. Listed by Benjamin Price • DRE #02113264 • Brokerage DRE #01240999 • Marcus & Millichap
  2. Listed by Thomas McCartin • DRE #01427348 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 4232 Adams Avenue

Zoning
CN-1-3
Cross Streets
Biona Dr
Area
Normal Heights (NLHS)
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
Assessor Parcel Number
465-342-03-00
Directions
GPS

Location

Listing Courtesy of Marcus & Millichap, Benjamin Price, DRE #02113264; Marcus & Millichap, Thomas McCartin, DRE #01427348

Sold By Gemstone Real Estate, Addie Jacobs, DRE #02058045

Add your commute
LISTING UPDATED: 06/14/2023 01:05 PM

Property Details for 4232 Adams Avenue

StatusSold
MLS #230004333SD
Days on Market41
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1940
Lot Size-
CountySan Diego County

Location

Listing Courtesy of Marcus & Millichap, Benjamin Price, DRE #02113264; Marcus & Millichap, Thomas McCartin, DRE #01427348

Sold By Gemstone Real Estate, Addie Jacobs, DRE #02058045

Add your commute

Building Information for 4232 Adams Avenue

Stories2Residences-Year Built1940Building Size-Lot Size-

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 4232 Adams Avenue

Community / Development
Community / Development
  • Complex Name: N/A
  • Number Of Units: 4
  • Pets Allowed: Call For Rules
  • Builders Tract Name: Kensington
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 2
  • View: No
  • Security Features: Other
Contract Info
Contract Info
  • Financing: Conventional
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $60,141.00
  • Gross Scheduled Income: $102,000
  • Cap Rate: 3.01%
  • Gross Rent Multiplier: $19.61
  • Other Income1: $.00
  • Total Annual Expense: 38799
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall/Window
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Other
  • Fence: Partial
Lease Terms
Lease Terms
  • Listing Terms: Exchange
  • Tenant Pays: Electricity, Gas/Propane, Water
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $2,350.00
  • Unit Actual Rent: $2,350.00
  • Unit Projected Rent: $2,650.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $2,850.00
  • Unit Actual Rent: $2,850.00
  • Unit Projected Rent: $2,850.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $1,500.00
  • Unit Actual Rent: $1,500.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 4 Information
  • Like Units: 1

Property History for 4232 Adams Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 4232 Adams Avenue

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

Lewis Middle School
Public6 to 8

Wilson Middle School
Public6 to 8

Patrick Henry 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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Similar Sold Homes

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Listing Courtesy of Marcus & Millichap, Benjamin Price, DRE #02113264; Marcus & Millichap, Thomas McCartin, DRE #01427348

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