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Closed
- Listed price
- $937,500
- Listed Sep 23, 2022
- Sold price
- $875,000
- Sold Mar 7, 2023
000|146 MLS days on market
360 390 E San Ysidro Blvd, San Ysidro, CA 92173
Property Description
25% Ownership Interest for Sale. Seasoned ground lease since 1977 with approximately 53 years remaining (February 2076). Lessee pays all expenses. Nearly 40,000 sq. ft. of tenant owned buildings (5), situated on 1.56 acres of CC-3-4 zoned land. Reversionary Interest in leasehold improvements at end of lease term. Fair market value adjustments in monthly rent each 10 years. Next rental adjustment will take place March 2028. Annual rental is currently $72,000 ($288,000 x 25% = $72,000). Favorable cap rate of 7.68%.
Listing agent: Paul LockerDRE #00643224Listings@LockerRealty.com, Listing office: Locker Realty Corp.
MLS data updated 10/30/2026, 4:20:05 PM PT
Source: CRMLSMLS #: GD22208199
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$875,000
Mar 7, 2023
Available records22022–2023
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$875,000Closed sale · Mar 7, 2023ZIP 92173 · Mar 2023
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 2 price recordsSep 23, 2022 – Mar 7, 2023
ZIP 92173 · same property typeThis MLS property type has no exact comparison group.
Freddie Mac · national weekly ratesLoading mortgage-rate history…
Recorded sales in this period (1)
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
View listing & sale records
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.