979 West Laurel Street

San Diego, CA 92101

$1,537,000
Last Sold Price
2
Beds
4
Baths
2,000 Sq. Ft.
$769 / Sq. Ft.
2,000
Sq. Ft.
$769
per Sq. Ft.

Description

We are pleased to present the opportunity to acquire 979 Laurel Street, San Diego, CA 92101, located in the heart of Little Italy. Two income-producing units plus a garage that can be converted for additional income. Perfect investment for a 1031 exchange. Both units are fully remodeled. This duplex can be utilized for a variety of different investment options. Can operate as one unit or independently and also can be used as a work / live space. Current short-term rental restrictions allow for one...We are pleased to present the opportunity to acquire 979 Laurel Street, San Diego, CA 92101, located in the heart of Little Italy. Two income-producing units plus a garage that can be converted for additional income. Perfect investment for a 1031 exchange. Both units are fully remodeled. This duplex can be utilized for a variety of different investment options. Can operate as one unit or independently and also can be used as a work / live space. Current short-term rental restrictions allow for one unit to automatically gain a short-term rental license while the other unit is occupied either by the owner or long-term tenant. A total of 2,200 SF with updated amenities and move-in ready. Just minutes from the airport, walkable to bars, restaurants and the bay, this location can’t be beat. The project location, strong market fundamentals and lack of new inventory should lead to a stable cash-flow.

Listing Agent

  1. Marc Lipschitz

    Marc Lipschitz

    Listing Agent

    Compass

    DRE #01048968

Property Details for 979 West Laurel Street

Area
San Diego Downtown (92101)
Neighborhood
Little Italy
Community
SAN DIEGO
City Postal ID
SAN DIEGO DOWNTOWN (92101)
Cross Street(s)
Kettner

Location

Listing Courtesy of Compass, Marc Lipschitz, DRE #01048968; Douglas Elliman of California, Inc., Jenica Martin, DRE #01933551

Sold By Douglas Elliman of California, Inc., Jenica Martin, DRE #01933551

Add your commute
LISTING UPDATED: 04/10/2024 11:14 AM

Property Details for 979 West Laurel Street

StatusSold
MLS #230006178
Days on Market106
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2007
Lot Size0.02 AC / 871 SF
CountySan Diego County

Location

Listing Courtesy of Compass, Marc Lipschitz, DRE #01048968; Douglas Elliman of California, Inc., Jenica Martin, DRE #01933551

Sold By Douglas Elliman of California, Inc., Jenica Martin, DRE #01933551

Add your commute

Building Information for 979 West Laurel Street

Stories3Residences-Year Built2007Building Size-Lot Size0.02 AC / 871 SF

Payment Calculator

$9,325 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,388

Property Taxes

$937

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 979 West Laurel Street

Summary Information
Property and Location
  • System ID: 230006178
  • Class: 2-4 UNITS
  • Levels: 3 Story
  • Year Built: 2007
  • Street Number Numeric: 979
  • Street Direction: W
  • Street Name: Laurel St
  • Map Coordinates: 1288J1
  • Age Restrictions: N/K
  • Market Area: Metro Central
HOA and Fees
  • Monthly Total Fees: $0
  • CFD/Mello-Roos Fee: $0
  • Other Fees: $0
Virtual Tour
Interior and Exterior Features
Interior Features
  • Num of Units w/Dishwashers: 2
  • Num of Units w/Cooling: 2
  • Cooling: Central Air
Exterior Features
  • Exterior: Block
  • Roof: Composition
  • Fencing: Full
  • Security: N/K
Property Information
Property and Assessments
  • Total Stories: 3
  • Entry Only: Yes
  • Lot Size: 1-3,999 SF
  • Lot Size Source: Assessor Record
  • Zoning: COMMERCIAL
  • Complex/Park: y
  • Assessors Parcel Num: 533-630-06-00
Multi Family Information
Unit 1
  • Unit 1 Num of Bedrooms: 2
  • Unit 1 Num of Total Baths: 3
  • Unit 1 Deposit: $6,093
  • Unit 1 Estimated SqFt: 1,600
  • Unit 1 Exclusive Use Yard: No
  • Unit 1 Laundry Hook Ups: Yes
  • Unit 1 Occupied: Tenant
  • Unit 1 Projected Rent: $73,116
  • Unit 1 Rent Actual: $6,093
Unit 2
  • Unit 2 Num of Bedrooms: 0
  • Unit 2 Num of Total Baths: 1
  • Unit 2 Estimated SqFt: 400
  • Unit 2 Laundry Hook Ups: No
  • Unit 2 Projected Rent: $55,229
Unit 3
  • Unit 3 Num of Total Baths: 0
Unit 4
  • Unit 4 Num of Total Baths: 0

Property History for 979 West Laurel 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 979 West Laurel Street

Taxable ValueLand$510,000Additions$387,600Total$897,600
Tax Record2023$11,246 ($937 / month)
Home Facts
Total Finished SqFt1,636 SqFtAbove Grade Finished SqFt1,636 SqFtLot Size1,059 SqFtStyleStoresYear Built2007ZoningCOMMERCIALCountySAN DIEGOAPN533-630-06-00

Schools near 979 West Laurel 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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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 Compass, Marc Lipschitz, DRE #01048968; Douglas Elliman of California, Inc., Jenica Martin, DRE #01933551

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