4999 Sterling Court

San Diego, CA 92105

$5,382,000
Price
3
Beds
28
Baths
11,104 Sq. Ft.
$485 / Sq. Ft.
11,104
Sq. Ft.
$485
per Sq. Ft.

Description

Sterling Terrace Apartments is an exceptional 18-unit apartment building located in the heart of San Diego, California. This property offers a coveted central location, ensuring residents enjoy convenient access to Downtown San Diego and nearby employment hubs. Situated on a corner lot and featuring a gated community, Sterling Terrace Apartments provides tenants with a tranquil living environment within the Chollas Creek Community. Additionally the property has been extensively renovated inside and...Sterling Terrace Apartments is an exceptional 18-unit apartment building located in the heart of San Diego, California. This property offers a coveted central location, ensuring residents enjoy convenient access to Downtown San Diego and nearby employment hubs. Situated on a corner lot and featuring a gated community, Sterling Terrace Apartments provides tenants with a tranquil living environment within the Chollas Creek Community. Additionally the property has been extensively renovated inside and out. Exterior renovations of note include: New Roof, Freshly Paved Parking, New Gates, Landscaping, Paint, Windows, and More.
  1. Listed by Troy Reese • DRE #02029529 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest • troy.reese@marcusmillichap.com

Property Details for 4999 Sterling Court

Parking Spaces Total
20
Private Pool
No
Total Units
18.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
11104
Assessor Parcel Number
471-810-11-00
Property Attached YN
true
LISTING UPDATED: 09/27/2024 07:06 AM

Property Details for 4999 Sterling Court

StatusActive
MLS #OC24118170
Days on Market164
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1985
CountySan Diego County

Building Information for 4999 Sterling Court

Building/Complex4999 Sterling CtFloor-Stories2Residences-Pet Policy-Year Built1985Building Size-

Property Information for 4999 Sterling Court

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $430,812
  • Gross Operating Income: $417,888
  • Net Operating Income: $287,611
  • Other Income Description: RUBS
  • Gross Multiplier: 12.49
  • Cap Rate: 5.46
Expense Details
  • Operating Expense: $170,685
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $170,685
Tax / Assessment Info
  • Tax Tract Number: 1764
  • Tax Census Tract: 27.09
  • CFD/Mello-Roos Fee: $90
  • Tax Lot: 90
Community / Development
Community / Development
  • Community Features: Park
  • Community: EAST SAN DIEGO
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 18
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: Two
  • Water: Public
  • Sewer: None
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: East San Diego
  • Builders Tract Code: East San Diego
Unit Information
Unit 1
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $1,744
  • Unit Type Pro Forma: 1850
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 10
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $2,195
  • Unit Type Pro Forma: 2395
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 0

Property History for 4999 Sterling Court

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4999 Sterling Court

Taxable ValueLand$1,876,352Additions$1,715,522Total$3,591,874
Tax Record2024$44,212 ($3,684 / month)
Home Facts
Total Finished SqFt11,104 SqFtAbove Grade Finished SqFt11,104 SqFtLot Size20,575 SqFtStyleMulti-Family Res (5+ Units)Year Built1985ZoningCOMMERCIALCountySAN DIEGOAPN471-810-11-00

Schools near 4999 Sterling Court

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Marshall Elementary School
PublicK to 5

Mann Middle School
Public6 to 8

Crawford High School
Public9 to 12

City Heights Preparatory Charter
Charter6 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.

Similar Homes

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4999 Sterling Court is a multi-family home for sale in San Diego, CA 92105. This property was listed for sale on May 30, 2024 by Marcus & Millichap RE Invest, it's currently listed at $5,382,000. It has been on the market for a total of 164 days and was last sold on December 10, 2019. This listing's school district is San Diego Unified School District. Nearby schools include Marshall Elementary School, Mann Middle School and Crawford High School. 4999 Sterling Court is a 3-bed, 28-bath, 11,104 sqft multi-family home built in 1985.

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Listing Courtesy of Marcus & Millichap RE Invest, Troy Reese, DRE #02029529

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