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Sold for $2,500,000
  • $2,500,000

    1268-74 Locust St, San Diego, CA 92106

    8beds
    --sqft
    Multi Family
    Built in 1992
    -- sqft lot
    $3,220,900 Zestimate®
    $--/sqft
    $2,931 Estimated rent

    Home value

    $3,220,900

    $2.87M - $3.64M

    $2,931/mo

    Zestimate® history
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    What's special

    Cozy gas fireplacePrivate balconyBrick bbqPrimary en suiteCorner lotIndoor washer and dryerWet bar
    A rare opportunity to own an amazing multifamily investment property in beautiful Point Loma, one of the most sought-after areas in San Diego. This never-before-listed gem, custom-built in 1992 on a corner lot, speaks to comfort and functionality. Each of the four units consist of two bedrooms and two full bathrooms, with one of the bathrooms being a primary en suite. Residents will enjoy the convenience of an indoor washer and dryer, a cozy gas fireplace, a wet bar, a private balcony, ample closet space throughout, and an abundance of natural light streaming through the expansive windows and skylights. They are all a generous 1,055 square feet and the top two units have vaulted ceilings which provide an even more spacious feel. An ideal and invaluable feature of this property is its gated subterranean garage with a parking spot and additional storage closet for each unit. The property’s driveway also allows for tandem parking and leads to a small communal area featuring a brick BBQ. An added perk? Each of the four units is equipped with its own water meter, ensuring autonomy and efficiency. Located just blocks from tranquil Shelter Island and only minutes from an array of shopping, dining, schools, and local attractions, this property offers a unique chance to own a prime piece of real estate in one of San Diego’s highly desirable locales. Don’t let it pass you by! A rare opportunity to own an amazing multifamily investment property in beautiful Point Loma, one of the most sought-after areas in San Diego. This never-before-listed gem, custom-built in 1992 on a corner lot, speaks to comfort and functionality. Each of the four units consist of two bedrooms and two full bathrooms, with one of the bathrooms being a primary en suite. Residents will enjoy the convenience of an indoor washer and dryer, a cozy gas fireplace, a wet bar, a private balcony, ample closet space throughout, and an abundance of natural light streaming through the expansive windows and skylights. They are all a generous 1,055 square feet and the top two units have vaulted ceilings which provide an even more spacious feel. An ideal and invaluable feature of this property is its gated subterranean garage with a parking spot and additional storage closet for each unit. The property’s driveway also allows for tandem parking and leads to a small communal area featuring a brick BBQ. An added perk? Each of the four units is equipped with its own water meter, ensuring autonomy and efficiency. Located just blocks from tranquil Shelter Island and only minutes from an array of shopping, dining, schools, and local attractions, this property offers a unique chance to own a prime piece of real estate in one of San Diego’s highly desirable locales. Don’t let it pass you by!

    Zillow last checked:

    Listing updated:

    Listed by:

    Karine Izidoro DRE #01941146 619-977-2324,

    Keller Williams San Diego Metro

    Bought with:

    Karine Izidoro, DRE #01941146

    Keller Williams San Diego Metro

    Source: SDMLS,MLS#: 230022316MLS LogoOriginating MLS: SDMLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 8
    • Full bathrooms: 8
    Heating
    • Fireplace, Forced Air Unit
    Cooling
    • N/K
    Interior area
    • Total structure area: 4,220

    Property

    Features
    • Levels: 2 Story
    • Pool features: N/K
    • Spa features: N/K
    • Fencing: Partial
    Lot
    • Size: 5,227 Square Feet
    Details
    • Parcel number: 5313140700
    • Zoning: R-4
    • Zoning description: R-4

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood/Stucco
    • Roof: Tile/Clay
    Condition
    • Year built: 1992

    Utilities & green energy

    • Water: Meter on Property, Other/Remarks
    • Utilities for property: Sewer Connected

    Community & HOA

    Community
    • Features: BBQ
    • Security: N/K
    • Subdivision: POINT LOMA
    Location
    • Region: San Diego

    Financial & listing details

    • Tax assessed value: $2,900,000
    • Annual tax amount: $36,857
    • Date on market: 11/13/2023
    • Listing terms: Cash,Conventional,Exchange
    • Tenant pays: Cable TV, Electricity, Hot Water, Sewer, Water

    Price history

    DateEventPrice
    12/24/2025Sold$2,500,000-16.5%
    Source: SDMLS #230022316 Report a problem
    12/9/2025Pending sale$2,995,000
    Source: SDMLS #230022316 Report a problem
    6/11/2025Price change$2,995,000-3.4%
    Source: SDMLS #230022316 Report a problem
    6/7/2025Listed for sale$3,100,000
    Source: SDMLS #230022316 Report a problem
    3/24/2025Pending sale$3,100,000
    Source: SDMLS #230022316 Report a problem
    1/21/2025Price change$3,100,000-8.7%
    Source: SDMLS #230022316 Report a problem
    11/24/2024Listed for sale$3,397,000
    Source: SDMLS #230022316 Report a problem
    11/6/2024Pending sale$3,397,000
    Source: SDMLS #230022316 Report a problem
    12/4/2023Listed for sale$3,397,000
    Source: SDMLS #230022316 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$36,857 +167.4%$2,900,000 +159.3%
    2024$13,784 +2.3%$1,118,558 +2%
    2023$13,478 +2.7%$1,096,626 +2%
    2022$13,120 +0.7%$1,075,125 +2%
    2021$13,030 +1.2%$1,054,045 +1%
    2020$12,872 +2.2%$1,043,238 +2%
    2019$12,601 +6.6%$1,022,783 +2%
    2018$11,819 +2.4%$1,002,730 +2%
    2017$11,538 +1.6%$983,070 +2%
    2016$11,353 +1.5%$963,795 +1.5%
    2015$11,186 +1.6%$949,319 +2%
    2014$11,010 $930,724 +0.5%
    2013-- $926,518 +2%
    2012-- $908,352 +2%
    2011-- $890,542 +0.8%
    2010-- $883,887 -0.2%
    2009-- $885,988 +2%
    2008-- $868,616 +2%
    2007-- $851,585 +2%
    2006-- $834,888 +2%
    2005-- $818,518 +2%
    2004-- $802,469 +1.9%
    2003-- $787,763 +2%
    2002-- $772,318 +2%
    2001-- $757,175
    Find assessor info on the county website

    Neighborhood: Roseville - Fleet Ridge

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: San Diego Unified School Distric

    Source: SDMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $3,220,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $3,220,900