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3505 Wilshire Ter $1,950,000

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    3505 Wilshire Ter San Diego, CA 92104

    • 0.14 Acres
    • Land
    • MLS# 220004720SD
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    Views: 82 Days On Market: 235

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    Property Details

    Description Tours

    Designed by an American Institute of Architects award-winning architectural team, Wilshire Terrace is a five story project located in one of the most desired neighborhoods of San Diego, Southern California. The site is within walking distance of the regionally prominent Balboa Park, close to Downtown North Park and Hillcrest, admirably known for their restaurants, nightlife, lively atmosphere and other amenities. The building consists of 12 nicely designed residential 2 bedrooms/2 baths units housed in four stories. All units have a balcony, most of which have a great view. The parking garage consists of 10 parking spaces, and 14 spaces for bicycles and 5 spaces for motorcycles and 8 enclosed storage spaces. The project benefits from a beautiful and large rooftop community/gathering space that will have treetop views of Balboa Park. The composition of the twelve two bedrooms, two baths apartments, each with a covered balcony, is as follows: Four units each with 1,140 square feet of living space + balcony Four units each with 1,098 square feet of living space + balcony Four units each with 1,067 square feet of living space + Balcony This is a great, one of a kind project very suitable for developers, investors and residential buildings owners. We are in the final stages to get approval from the city to begin construction. This will save the buyer roughly two years in holding costs. All permits, plans, civil engineers and architects have been paid for up to this point

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    Neighborhood

    92104 (San Diego) Demographics

    34 Median Age
    12,042 Population Density (per sq. mile)
    60% College Educated
    $73,447 Estimated Median Income
    5,944 Estimated Total Home Owners
    15,929 Estimated Total Renters
    27% / 73% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    45,601 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $901,000 Median Sales Price
    21 Homes Sold
    31 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,950,000
        8/31/2022 1:01:36 PM Price Reduced Source: Multiple Listing Service New Value: $1,950,000 -7.1%
        7/14/2022 4:32:23 PM Price Reduced Source: Multiple Listing Service New Value: $2,099,000 -6.71%
        6/21/2022 5:31:21 AM Status Changed Source: Multiple Listing Service New Value: Active
        3/2/2022 1:17:00 PM New in Database Source: Multiple Listing Service New Value: $2,250,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 11/30/2022 9:35:47 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.