2635 Newton Avenue

San Diego, CA 92113

$1,000,000
Price
Beds
2,661 Sq. Ft.
$376 / Sq. Ft.
2,661
Sq. Ft.
$376
per Sq. Ft.

Description

The subject property is a 5 unit value-add apartment with irreplaceable craftsman charm and character, consisting of three 2 bed + 1bath and two 1 bed + 1bath units. The front house was built in 1898 per assessor records and divided into units later. The upper 1bed + 1 bath has a loft feel with a private balcony and storage area. There is a total of 2,661 rentable SF on a 5,163 SF lot. The common-area features a paved courtyard with laundry, storage and an additional exterior bathroom. The two rear,...The subject property is a 5 unit value-add apartment with irreplaceable craftsman charm and character, consisting of three 2 bed + 1bath and two 1 bed + 1bath units. The front house was built in 1898 per assessor records and divided into units later. The upper 1bed + 1 bath has a loft feel with a private balcony and storage area. There is a total of 2,661 rentable SF on a 5,163 SF lot. The common-area features a paved courtyard with laundry, storage and an additional exterior bathroom. The two rear, 2-bedroom units offer alley access and off-street parking for 2 cars. Some recent improvements in some of the units include newer kitchen cabinets, countertops and flooring. The property is a significant “fixer”. It needs work to bring units and property to market levels. There is a significant upside in rents.
  1. Listed by Max Delbecq • DRE #01964069 • Brokerage DRE #02059064 • Top Gun CRE
  2. Listed by Kenneth Herskind • DRE #01872460 • Brokerage DRE #02059064 • Top Gun CRE

Property Details for 2635 Newton Avenue

Parking Spaces Total
12363
Total Units
5.0
Lot Size Source
Public Records
Building Area Total
2661
Association Fee
$.00
Zoning
BLPD-SUBD-A
Parcel Number
5387520600
Area
Logan Heights (92113)
LISTING UPDATED: 04/13/2022 08:27 PM

Property Details for 2635 Newton Avenue

StatusActive
MLS #PTP2201381
Days on Market1009
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1898
Lot Size0.12 AC / 5,163 SF
CountySan Diego County

Building Information for 2635 Newton Avenue

Stories-Residences-Year Built1898Building Size-Lot Size0.12 AC / 5,163 SF

Property Information for 2635 Newton Avenue

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $72,300
  • Net Operating Income: $43,616
  • Cap Rate: 5.07
Expense Details
  • Operating Expense: $26,515
  • Insurance Expense: $1,281
  • Trash Expense: $0
  • Real Estate Tax Expense: $12,363
  • Total Expenses: $26,515
Property / Structure Info
Interior Features
Exterior Features
  • Fence: No
Land/Lot Info
  • Lot Features: Rectangular Lot, Level, Near Public Transit, Yard
  • Water Source: Public
Unit Information
Unit Information
  • Number Of Buildings: 2

Property History for 2635 Newton Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2635 Newton Avenue

Taxable ValueLand$150,756Additions$90,970Total$241,726
Tax Record2024$3,014 ($251 / month)
Home Facts
Total Finished SqFt2,661 SqFtAbove Grade Finished SqFt2,661 SqFtLot Size5,163 SqFtStyleMulti-Family Res (5+ Units)Year Built2001ZoningINDUSTRIAL (MCountySAN DIEGOAPN538-752-06-00

Schools near 2635 Newton Avenue

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 8
Charter - 9 to 12
Public - 6 to 8
Public - K to 8
Rating
School
Distance
King-Chavez Academy Of Excellence
CharterK to 8

e3 Civic High School
Charter9 to 12

Memorial Scholars & Athletes School
Public6 to 8

Logan K-8
PublicK 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

2635 Newton Avenue is a multi-family home for sale in San Diego, CA 92113. This property was listed for sale on March 3, 2022 by Top Gun CRE, it's currently listed at $1,000,000. This listing's school district is San Diego Unified School District. Nearby schools include King-Chavez Academy Of Excellence, e3 Civic High School and Memorial Scholars & Athletes School. 2635 Newton Avenue is a 0-bed, 0-bath, 2,661 sqft multi-family home built in 1898.

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 Top Gun CRE, Max Delbecq, DRE #01964069; Top Gun CRE, Kenneth Herskind, DRE #01872460

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 SDMLS®. 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 © 2024 SDMLS®, Inc.