3560-62 Island Ave is a turnkey 2-unit property in San Diego, situated on an over 7,000 square foot lot, comprising a highly updated 3-bedroom, 2-bathroom unit and a 2-bedroom, 1-bathroom unit, each with their own private yard, generating $6490/month. The flooring, plumbing, electrical, appliances, and the roof have been completely replaced throughout the property, totaling close to 200k of updates in the last couple of years. With a prime location in San Diego, this investment offers steady rental income potential, with Complete Communities zoning, allowing for a Floor Area Ratio of 6.5, presenting exciting opportunities for future development or expansion. This turnkey investment promises long-term appreciation in San Diego's strong rental market, making it an attractive opportunity for investors seeking a well-maintained multi-unit property with development potential on a large lot.
Sold for $1,100,000
Tax assessed value
$1,100,000
3560 Island Ave #62, San Diego, CA 92102
5beds
--sqft
Multi Family
Built in 1980
-- sqft lot
$1,120,300 Zestimate®
$--/sqft
$3,441 Estimated rent
Home value
$1,120,300
$1.04M - $1.21M
$3,441/mo
Zestimate® history
Owner options
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$3,441/mo
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$3,441/mo
Rent Zestimate®
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$7,047/mo
Est. payment
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$7,047/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Daniel A Sipher DRE #02043589 408-368-5225,
JLM Real Estate Inc.
Bought with:
Daniel A Sipher, DRE #02043589
JLM Real Estate Inc.
Source: SDMLS,MLS#: 240013035
Originating MLS: SDMLS
Originating MLS: SDMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air Unit
Cooling
- Central Forced Air
Interior area
- Total structure area: 1,750
Property
Features
- Levels: 1 Story
- Fencing: Gate
- Has view: Yes
- View description: City
Lot
- Size: 7,200 Square Feet
Details
- Parcel number: 5460300700
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood/Stucco
- Roof: Composition
Condition
- Year built: 1980
Community & HOA
Community
- Security: Automatic Gate
- Subdivision: SAN DIEGO
Location
- Region: San Diego
Financial & listing details
- Tax assessed value: $1,100,000
- Annual tax amount: $14,323
- Date on market: 6/7/2024
- Listing terms: Cash,Exchange,FHA,VA
- Tenant pays: Cable TV, Electricity
Price history
| Date | Event | Price |
|---|---|---|
| 11/1/2025 | Listing removed | $1,199,000+9% |
Source:  SDMLS #240013292 Report a problem | ||
| 8/9/2024 | Sold | $1,100,000-8.3% |
Source: SDMLS #240013035 Report a problem | ||
| 7/10/2024 | Pending sale | $1,199,000 |
Source: SDMLS #240013035 Report a problem | ||
| 6/7/2024 | Listed for sale | $1,199,000+899.2% |
Source: SDMLS #240013035 Report a problem | ||
| 10/1/1996 | Sold | $120,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,323 +52.3% | $1,100,000 +42.9% |
| 2024 | $9,405 +2.3% | $769,896 +2% |
| 2023 | $9,195 +1.8% | $754,800 +2% |
| 2022 | $9,034 +60.3% | $740,000 +62.8% |
| 2021 | $5,636 +162.8% | $454,662 +154.4% |
| 2020 | $2,145 +3.5% | $178,687 +2% |
| 2019 | $2,072 +5.3% | $175,185 +2% |
| 2018 | $1,968 +2.5% | $171,751 +2% |
| 2017 | $1,920 +1.8% | $168,385 +2% |
| 2016 | $1,886 +1.5% | $165,084 +1.5% |
| 2015 | $1,858 +1.6% | $162,606 +2% |
| 2014 | $1,828 | $159,421 +0.5% |
| 2013 | -- | $158,701 +2% |
| 2012 | -- | $155,591 +2% |
| 2011 | -- | $152,541 +0.8% |
| 2010 | -- | $151,402 -0.2% |
| 2009 | -- | $151,762 +2% |
| 2008 | -- | $148,788 +2% |
| 2007 | -- | $145,871 +2% |
| 2006 | -- | $143,011 +2% |
| 2005 | -- | $140,207 +2% |
| 2004 | -- | $137,459 +1.9% |
| 2003 | -- | $134,941 +2% |
| 2002 | -- | $132,296 +2% |
| 2001 | -- | $129,703 |
Find assessor info on the county website
Neighborhood: Mt. Hope
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Nearby schools
GreatSchools rating
- 5/10Chollas/Mead Elementary SchoolGrades: K-5Distance: 1.2 mi
- 2/10Millennial Tech Middle SchoolGrades: 6-8Distance: 1.7 mi
- 4/10Lincoln High SchoolGrades: 9-12Distance: 1.7 mi
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Estimated market value
$1,120,300
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
$1,120,300
- California
- San Diego County
- San Diego
- 92102
- Mt. Hope
- 3560 Island Ave Unit 62
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