San Diego, CA 92103,4030 Randolph
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San Diego, CA 92103,4030 Randolph
San Diego, CA 92103,4030 Randolph
San Diego, CA 92103,4030 Randolph
San Diego, CA 92103,4030 Randolph

$1,800,000

Est. payment /mo

$2,000,000

10.0%
Est.Price: ?

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4030 Randolph San Diego, CA 92103

SOLD DATE : 12/14/2018

Key Details

Sold Price $1,800,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Mission Hills

MLS Listing ID 180060019

Sold Date 12/14/18

HOA Y/N No

Year Built 1927

Property Description

Prime Investment Opportunity is thriving Mission Hills with Mills Act tax benefits to begin in 2019. Built in value add for new owner with ability to increase rents in 2019.Over $300,000 in restoration and renovations over the past 12 months completed by Jonathan Segal, renowned local architect. Current cap = 4.12% • With Mills Act Prop Tax Savings Cap = 4.42% • Rental Increase Cap = 4.78% • subject property is considered a 4 unit Multi-Family and an additional garage conversion studio rented at $1220 • Mills Act Property Tax Savings starting 2019 • Upscale Mission Hills location • Quality income stream • Public tennis courts next door • Walkable Neighborhood • Qualifies for 4 unit financing, has additional 5th unit garage conversion income Neighborhoods: Mission Hills Exterior: Wood/Stucco Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 4034 Unit # for Unit 2: 4034 1/2 Unit # for Unit 3: 4032 Unit # for Unit 4: 4030 Number of Furnished Units: 0 Topography: GSL

Location

State CA

County San Diego

Area 92103 - Mission Hills

Zoning RS 1-7

Interior

Heating Electric

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Gas Water Heater

Exterior

Fence Partial

Pool None

Roof Type Rolled/Hot Mop

Private Pool No

Building

Lot Description Drip Irrigation/Bubblers

Story 1

Entry Level One

Level or Stories One

Others

Tax ID 4436630900

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash

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California Regional MLS (CRMLS)
Listed by Jeannine Savory • Canter Brokerage
Bought with Lisa Mortensen • James L. Scott, Broker

Engel & Völkers Palm Desert

Broker | License ID: d24350

+1(909) 327-2223

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