130-144 Ivy Street

San Diego, CA 92101

$2,495,000
Price
7
Beds
4,717 Sq. Ft.
$529 / Sq. Ft.
4,717
Sq. Ft.
$529
per Sq. Ft.

Description

This historical Banker's Hill apartment complex is an investor's dream! 5 units total, all leased currently, very little vacancy time. Rents have some room to be increased. All units are appointed with full HVAC, quadruple pane windows, original hardwood flooring, many original touches, such as built-in ironing boards and inlaid kitchen tile. History abounds with this property! Unit 130 was the "banker's quarters" with views of the harbor and bay. A small stairway connects 130 to 134, the former...This historical Banker's Hill apartment complex is an investor's dream! 5 units total, all leased currently, very little vacancy time. Rents have some room to be increased. All units are appointed with full HVAC, quadruple pane windows, original hardwood flooring, many original touches, such as built-in ironing boards and inlaid kitchen tile. History abounds with this property! Unit 130 was the "banker's quarters" with views of the harbor and bay. A small stairway connects 130 to 134, the former "nanny's quarters". All appliances are included. Two garages exist currently. One garage has been converted to a trash receptacle room. This property has been in the care of one family for so many years, there is no prior transfer history on tax records! Well-cared-for property is looking for a new owner. This property does NOT have a historical designation and does NOT currently qualify for the Mill's Act, however would likely qualify with some due diligence from new owner. Walk to Balboa Park, downtown, Little Italy, and so much more. Submit your offer today!
  1. Listed by Mark Di Tommaso • DRE #01799858 • Brokerage DRE #01838607 • SoCal eRealty • mark@socalerealty.com

Property Details for 130-144 Ivy Street

Parking Spaces Total
5
Private Pool
No
Cooling Type
Ductless, Heat Pump(s)
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4717
Assessor Parcel Number
533-185-06-00
LISTING UPDATED: 11/15/2024 10:18 AM

Property Details for 130-144 Ivy Street

StatusActive
MLS #PTP2405684
Days on Market100
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1920
Lot Size0.11 AC / 4,978 SF
CountySan Diego County

Building Information for 130-144 Ivy Street

Stories2Residences-Year Built1920Building Size-Lot Size0.11 AC / 4,978 SF

Property Information for 130-144 Ivy Street

Rental Info
Rental Info
  • Tenant Pays: Telephone
Income / Expense / Tax Details
Income Details
  • Gross Income: $132,132
  • Gross Scheduled Income: $132,132
  • Net Operating Income: $115,861
  • Cap Rate: 4.0
Expense Details
  • Operating Expense: $15,432
  • New Taxes Expense: $35,940
  • Insurance Expense: $4,000
  • Professional Management Expense: $7,800
  • Trash Expense: $0
  • Water Sewer Expense: $5,000
  • Total Expenses: $52,740
Tax / Assessment Info
  • Tax Tract Number: DB0013
  • Tax Lot: 256/G
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Dryer Included, Individual Room, See Remarks, Washer Included
Exterior Features
  • Window Features: Triple Pane Windows
  • Entry Location: Ivy Street
  • Fence: No
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Corner Lot, Gentle Sloping
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
Parking Info
  • Garage Spaces: 2
  • Parking: No
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,295
  • Unit Type Total Rent: $2,295
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 1
Unit 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,047
  • Unit Type Total Rent: $2,047
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 2
Unit 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,544
  • Unit Type Total Rent: $1,544
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 3
Unit 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,900
  • Unit Type Total Rent: $2,900
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 4
Unit 5
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,225
  • Unit Type Total Rent: $2,225
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 0
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Number With Disposal: 0
  • Number With Drapes: 5
  • Number With Patio: 0
  • Number Wall AC: 11

Property History for 130-144 Ivy Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 130-144 Ivy 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.

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130-144 Ivy Street is a multi-family home for sale in San Diego, CA 92101. This property was listed for sale on September 9, 2024 by SoCal eRealty, it's currently listed at $2,495,000. This listing's school district is San Diego Unified School District. Nearby schools include Washington Elementary School, Roosevelt International Middle School and King-Chavez Community High School. 130-144 Ivy Street is a 7-bed, 0-bath, 4,717 sqft multi-family home built in 1920.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of SoCal eRealty, Mark Di Tommaso, DRE #01799858

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