1517 Meade Avenue

San Diego, CA 92103

$1,175,000
Price
5
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Ideal redevelopment opportunity in University Heights bordering Hillcrest. Many options available to use ADU ordinance or Complete Communities Tier 2 with FAR 8 to build the perfect rental property. Current triplex is fully occupied, but 120 years old and in need of replacement. Ideal for someone looking for income while they plan to redevelop the property. Currently the site features a front house duplex, including a 2-bedroom with W/D, 2 parking Spaces & small yard. Attached to front house is 1-bedroom...Ideal redevelopment opportunity in University Heights bordering Hillcrest. Many options available to use ADU ordinance or Complete Communities Tier 2 with FAR 8 to build the perfect rental property. Current triplex is fully occupied, but 120 years old and in need of replacement. Ideal for someone looking for income while they plan to redevelop the property. Currently the site features a front house duplex, including a 2-bedroom with W/D, 2 parking Spaces & small yard. Attached to front house is 1-bedroom with private yard. Back building is 2-bedroom with W/D & Garage. Back unit appears to be modified in the past. Broker is also owner.
  1. Listed by Philip Buckley • DRE #01209801 • Brokerage DRE #00950210 • CBRE

Property Details for 1517 Meade Avenue

Cross Streets
Campus Avenue
Source Living Area
Appraiser
Area
Normal Heights (NLHS)
Lot Size Area
3999
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
Assessor Parcel Number
4452720400
LISTING UPDATED: 11/19/2024 11:12 AM

Property Details for 1517 Meade Avenue

StatusActive
MLS #240017061SD
Days on Market120
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1903
Lot Size0.09 AC / 3,999 SF
CountySan Diego County

Building Information for 1517 Meade Avenue

Stories1Residences-Year Built1903Building Size-Lot Size0.09 AC / 3,999 SF

Property Information for 1517 Meade Avenue

Community / Development
Community / Development
  • Complex Name: Triplex
  • Number Of Units: 3
  • Builders Tract Name: University Heights
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 1
  • View: No
  • Security Features: None
Contract Info
Contract Info
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $45,500.00
  • Gross Scheduled Income: $68,580
  • Cap Rate: 3.90%
  • Gross Rent Multiplier: $17.10
  • Other Income1: $.00
  • Total Annual Expense: 23080
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: None
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Composition
  • Fence: Full, Gate
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional
  • Tenant Pays: Cable TV, Electricity, Gas/Propane
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $2,380.00
  • Unit Actual Rent: $2,380.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $1,595.00
  • Unit Actual Rent: $1,595.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $1,740.00
  • Unit Actual Rent: $1,740.00
  • Like Units: 1

Property History for 1517 Meade Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 1517 Meade Avenue

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - K to 12
Public - 1 to 12
Rating
School
Distance
Birney Elementary School
PublicK to 5

Roosevelt International Middle School
Public6 to 8

Home & Hosp/Transition Support
PublicK to 12

Alba School
Public1 to 12

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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1517 Meade Avenue is a multi-family home for sale in San Diego, CA 92103. This property was listed for sale on July 23, 2024 by CBRE, it's currently listed at $1,175,000. This listing's school district is San Diego Unified School District. Nearby schools include Birney Elementary School, Roosevelt International Middle School and Home & Hosp/Transition Support. 1517 Meade Avenue is a 5-bed, 3-bath, multi-family home built in 1903.

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 CBRE, Philip Buckley, DRE #01209801

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