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    3629 Front Street

    San Diego, CA 92103
    • $2,675,000
    • STATUS: PENDING
    • ON SITE: 42 days
    • ID#: 210001336
    Pending
    UPDATED: 30 min ago
    $2,675,000
    • 6
      BEDS
    • 0.45
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    • 5,100
      SQFT
    • $525
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1913
    County:

    School Ratings & Info

    Description

    Located in one of San Diego’s most sought-after neighborhoods, this Bankers Hill property boasts many unique features including fireplaces and built-ins. The top-floor unit has a beautiful chef’s kitchen and the others have updated kitchens and baths. Ideal for short or long-term rental, you'll enjoy the income potential and lifestyle afforded at this property overlooking a canyon and on a cul de sac with lovely grounds and 4 storage garages. Designated historical with Mills Act in progress. Within walking distance to Hillcrest and Balboa Park and with 5100+ square feet, these units are layered in light from numerous windows. The southwest exposure fills the rooms with sunlight and highlights sumptuous textures of this elegant, classic property. The canyon vistas form a lovely backdrop that elevates the residence to one-of-a-kind status. Step into the formal shared entry with its elegant wood staircase leading to the upstairs unit and with access to the other residences. All of the units are special, complete with fireplaces, built-ins, and charming window seats from which to take in the views from expansive windows. Abundant wood trim, moldings and hardwood floors create a special warmth and ambiance reminiscent of an earlier era. This vintage 1913 property has been meticulously and lovingly restored in a manner which maintains its historic character, yet has numerous upgrades to insure modern conveniences. Some upgrades include updated electrical and plumbing, updated kitchens, and Unit 4 (the owner’s unit, which is leased until October of 2021) has a stunning chef’s kitchen with high-end appliances, marble surfaces, & beautiful lighting and fixtures, which is open to the dining area. NOTE: Lower-level kitchen was updated within the past 10 years and both 1-bedroom units have updated kitchens and baths. Owner is currently using 3 of the garages. Other income is laundry; projected other income is laundry and garages if rented at $150 per month. A huge bonus is the recent historical designation, with Mills Act tax savings beginning in November of 2022. Need we say more to convince you that this is a unique opportunity that shouldn't be missed??

    Monthly Payment Calculator

    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/113339161
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    3629 Front Street San Diego, CA 92103

    • Price: $2,675,000
    • Status: PENDING
    • Updated: 30 min ago
    • ID#: 210001336
    6
    Beds
    6
    Baths
    0
    ½ Baths
    0.45
    Acres
    5,100
    SQFT
    $525
    $/SQFT
    1913
    Built
    Neighborhood:
    Bankers Hill
    County:
    San Diego
    Area:
    Mission Hills (92103)
    Property Description
    Located in one of San Diego’s most sought-after neighborhoods, this Bankers Hill property boasts many unique features including fireplaces and built-ins. The top-floor unit has a beautiful chef’s kitchen and the others have updated kitchens and baths. Ideal for short or long-term rental, you'll enjoy the income potential and lifestyle afforded at this property overlooking a canyon and on a cul de sac with lovely grounds and 4 storage garages. Designated historical with Mills Act in progress. Within walking distance to Hillcrest and Balboa Park and with 5100+ square feet, these units are layered in light from numerous windows. The southwest exposure fills the rooms with sunlight and highlights sumptuous textures of this elegant, classic property. The canyon vistas form a lovely backdrop that elevates the residence to one-of-a-kind status. Step into the formal shared entry with its elegant wood staircase leading to the upstairs unit and with access to the other residences. All of the units are special, complete with fireplaces, built-ins, and charming window seats from which to take in the views from expansive windows. Abundant wood trim, moldings and hardwood floors create a special warmth and ambiance reminiscent of an earlier era. This vintage 1913 property has been meticulously and lovingly restored in a manner which maintains its historic character, yet has numerous upgrades to insure modern conveniences. Some upgrades include updated electrical and plumbing, updated kitchens, and Unit 4 (the owner’s unit, which is leased until October of 2021) has a stunning chef’s kitchen with high-end appliances, marble surfaces, & beautiful lighting and fixtures, which is open to the dining area. NOTE: Lower-level kitchen was updated within the past 10 years and both 1-bedroom units have updated kitchens and baths. Owner is currently using 3 of the garages. Other income is laundry; projected other income is laundry and garages if rented at $150 per month. A huge bonus is the recent historical designation, with Mills Act tax savings beginning in November of 2022. Need we say more to convince you that this is a unique opportunity that shouldn't be missed??
    Exterior Features

    Exterior Stucco Fencing Gate Frontage N/K Frontage Dimensions In Feet 150 Irrigation N/K Lot Dimensions Approx 150X130x150x130 Parking For RV None Known Parking Garage Desc Unit1 N/K Parking Garage Desc Unit2 N/K Parking Garage Desc Unit3 Detached Parking Garage Desc Unit4 N/K Parking Garage Spaces Unit1 0 Parking Garage Spaces Unit2 1 Parking Garage Spaces Unit3 0 Parking Garage Spaces Unit4 0 Parking Non Garage Desc Unit1 None Known Parking Non Garage Desc Unit2 None Known Parking Non Garage Desc Unit3 None Known Parking Non Garage Desc Unit4 None Known Pool N/K Pool Heat None Known Roof Composition Spa N/K Spa Heat None Known Topography LevelSlope Gentle Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 4 Units With Patios 2 View Valley/Canyon

    Interior Features

    Cooling Central Forced AirOther/Remarks Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment Combination HeatingFireplace Heat Source Natural Gas Stories 3 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 2 Unit1 Laundry Hook Ups Common Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Unit4 Laundry Hook Ups Yes Units With Cooling 4 Units With Dishwashers 4 Units With Dryers 1 Units With Fireplaces 4 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 1 Water Heater Type Gas

    Property Features

    Actual Cap Rate 3.0 Age Restrictions N/K Annual Expense Actual 35440 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community Hillcrest Complex Features Gated Community Complex Park Prime Bankers Hill Cross Streets Brooks Gross Rent Multiplier Actual 22.4 Gross Scheduled Income Actual 131700 Home Owners Fees 0.0 Jurisdiction Incorporated Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Other Fee Type N/K Other Fees 0.0 Other Income Actual 1200 Pets Yes Projected Other Income 6600.0 Sales Restrictions N/K Security Gated Community Sewer Septic Sewer Connected Short Sale No Telecommunications N/K Tenant Pays ElectricityGas/PropaneHot Water Terms CashConventionalExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Deposit 3400 Unit1 Occupied Vacant Unit1 Projected Rent 3400.0 Unit1 Rent Actual 3400.0 Unit2 Deposit 2000 Unit2 Occupied Tenant Unit2 Projected Rent 2000.0 Unit2 Rent Actual 2000.0 Unit3 Deposit 1200 Unit3 Occupied Tenant Unit3 Projected Rent 2000 Unit3 Rent Actual 2000.0 Unit4 Deposit 3550 Unit4 Occupied Tenant Unit4 Projected Rent 4000 Unit4 Rent Actual 3675.0 Water Meter On Property Water District City Of San Diego Zoning R-2

    Listing provided courtesy of Compass. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101