939 Loring Street

San Diego, CA 92109

$2,750,000
Price
7
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Located in quiet North PB, a rare triplex gem awaits just steps away from Law Street and Tourmaline beaches. This property, making only its second appearance on the market in over 80 years, offers a unique investment opportunity. The main house is a charming, updated two-story 3-bedroom, 2-bathroom bungalow, complemented by a private front yard and a brand-new Trex® deck in the front and a private fenced-in patio in the back. Two bedrooms and one bath are located downstairs, while upstairs, a spacious...Located in quiet North PB, a rare triplex gem awaits just steps away from Law Street and Tourmaline beaches. This property, making only its second appearance on the market in over 80 years, offers a unique investment opportunity. The main house is a charming, updated two-story 3-bedroom, 2-bathroom bungalow, complemented by a private front yard and a brand-new Trex® deck in the front and a private fenced-in patio in the back. Two bedrooms and one bath are located downstairs, while upstairs, a spacious primary bedroom suite awaits. Inside, discover the convenience of indoor laundry and a large dine-in kitchen, featuring a new GE gas range and ample counter space for culinary delights. Tons of storage space throughout. The private fenced red-brick patio in the back invites relaxation with a gas fireplace, gas BBQ, outdoor dining area, and a 6-person spa. Parking is a breeze with a long paved driveway accommodating two vehicles. The property also features a separate duplex, each unit with 2 bedrooms and 1 bathroom. The downstairs unit boasts a semi-private patio surrounded by a tropical garden space, while the recently remodeled upstairs unit shines with new bathroom fixtures, kitchen upgrades, new flooring, dual-pane windows, and slider opening to a partially enclosed 300 sq ft Lanai. A one-car garage and an additional parking space in the alley provide convenience, with shared laundry facilities and extra storage space for the duplex tenants. The main house operates as a top-producing short-term rental with long-term tenants in the back units. Do not disturb tenants
  1. Listed by Steve Shulman • DRE #01029642 • Brokerage DRE #01810824 • RE/MAX Connection
  2. Listed by Drew Rutledge • DRE #02109019 • Brokerage DRE #01810824 • RE/MAX Connection

Property Details for 939 Loring Street

Cross Streets
Bayard
Area
Pacific Beach (PAB)
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
Assessor Parcel Number
415-411-04-00

Location

Listing Courtesy of RE/MAX Connection, Steve Shulman, DRE #01029642; RE/MAX Connection, Drew Rutledge, DRE #02109019
Add your commute
LISTING UPDATED: 04/29/2024 08:44 AM

Property Details for 939 Loring Street

StatusActive
MLS #240007710SD
Days on Market18
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1942
Lot Size-
CountySan Diego County

Location

Listing Courtesy of RE/MAX Connection, Steve Shulman, DRE #01029642; RE/MAX Connection, Drew Rutledge, DRE #02109019
Add your commute

Building Information for 939 Loring Street

Stories-Residences-Year Built1942Building Size-Lot Size-

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 939 Loring Street

Community / Development
Community / Development
  • Complex Name: Pacific Beach
  • Number Of Units: 3
  • Amenities: Laundry Facilities, Other, Other/Remarks
  • Builders Tract Name: Pacific Beach
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 0
  • View: No
  • Security Features: None
Contract Info
Contract Info
  • Listing Type: Exclusive Right To Sell
  • Service Level: Entry Only
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $113,233.00
  • Gross Scheduled Income: $147,933
  • Cap Rate: 4.10%
  • Gross Rent Multiplier: $18.59
  • Other Income1: $.00
  • Total Annual Expense: 31100
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
  • Lot Location: Other/Remarks
Interior Features
Interior Features
  • Levels: Other
  • Cooling Type: Wall/Window
  • Heating Type: Forced Air, Natural Gas
Exterior Features
Exterior Features
  • Pool: No
  • Pool Description: None
  • Spa: No
  • Roof: Composition
  • Fence: Partial
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional, Exchange, VA
  • Tenant Pays: Cable TV, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Rent: $12,000.00
  • Unit Actual Rent: $12,000.00
  • Unit Projected Rent: $15,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $3,250.00
  • Unit Actual Rent: $3,250.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1

Property History for 939 Loring Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 939 Loring Street

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

Pacific Beach Middle School
Public6 to 8

Mission Bay High School
Public9 to 12

Barnard Elementary School
PublicK to 6

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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939 Loring Street is a multi-family home for sale in San Diego, CA 92109. This property was listed for sale on April 5, 2024 by RE/MAX Connection, it's currently listed at $2,750,000. This listing's school district is San Diego Unified School District. Nearby schools include Pacific Beach Elementary School, Pacific Beach Middle School and Mission Bay High School. 939 Loring Street is a 7-bed, 4-bath, multi-family home built in 1942.

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Listing Courtesy of RE/MAX Connection, Steve Shulman, DRE #01029642; RE/MAX Connection, Drew Rutledge, DRE #02109019

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