NOT LISTED FOR SALE

Estimated Value: $803,000 - $1,374,000

12 Beds
8 Baths
3,994 Sq Ft
$282/Sq Ft Est. Value

Last Sold February 22, 2021

Last sale price $1,600,000 $401 Per Sq Ft

Est. 30% decrease in value since last sale

Current estimated payment $7,018/month

370 Days on Market

Highlights

  • Partially Fenced Property
  • 1-Story Property
  • 4-minute walk to Veterans Park

About This Home

As of February 2021

LOCATION! LOCATION! LOCATION! A GREAT INVESTMENT OPPORTUNITY ONLY 9 BLOCKS TO THE IMPERIAL BEACH PIER! FOUR BLOCKS TO GROCERY SHOPPING, CVS, RESTAURANTS, & MORE. TWO SIDE X SIDE DUPLEXES, TWO APN NUMBERS SOLD TOGETHER. 4 UNITS TOTAL, EACH 3 BEDROOM, 2 BATHS. NICE LAYOUTS WITH SALTILLO TILE IN MOST UNITS. EACH UNIT INCLUDES A SINGLE CAR GARAGE WITH STORAGE AND W/D HOOKUPS WITH ALLEY ACCESS. IN ADDITION THERE ARE 4 SINGLE GARAGES LEASED SEPARATELY. LOT SIZE GREATER THAN 13,000 SF TOTAL. MATURE TREES 2ND APN# 626-470-19-00 for Units 1015 & 1017.

Last Agent to Sell the Property

Maryellen McMahon

Douglas Elliman of California, Inc. License #01992431 Listed on: 01/17/2020

Douglas Elliman of California, Inc.

Last Buyer's Agent

Patty Plascencia

P & P and Associates Realty License #01246011

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,643

Year Built

  • Built in 1957

Lot Details

  • 7,231

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 1-Story Property
  • Partially Fenced Property

Community Details

  • 2 Buildings
  • 4 Units
  • 1011 1017 9Th Street Community

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane, hot water, sewer
  • Assessor Parcel Number 626-470-18-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,643

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: Ebony
  • Neighborhood: Imperial Beach
  • Supplement: 2ND APN# 626-470-19-00 for Units 1015 & 1017.
  • Stories: 1 Story
  • Sale Price List Price: 1.02
  • Total Stories: 1
  • Year Built: 1957
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: 1011-1017 9th Street
  • Community: IMPERIAL BEACH

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Assessor Parcel Number: 626-470-18-00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane, Hot Water, Sewer

Multi Family

  • No. of Units: 4
  • Annual Expense Actual: 36455
  • Gross Rent Multiplier Actual: 24.21
  • Gross Sched Income Actual: 65055
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Garage: 4
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2021
Sold by
Contreras Manuel R
Bought by
Sanman Llc
Current Estimated Value
$1,125,256

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$274,757
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$850,499

Purchase Details

Listed on
Jan 17, 2020
Closed on
Apr 6, 2021
Sold by
Contreras Manuel R and Contreras Sandra G
Bought by
Sanman Llc
Seller's Agent
Maryellen McMahon
Douglas Elliman of California, Inc.
Buyer's Agent
Patty Plascencia
P & P and Associates Realty
List Price
$1,575,000
Sold Price
$1,600,000
Premium/Discount to List
$25,000
1.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.49%
Original Mortgage
$100,000
Interest Rate
2.65%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 17, 2020
Closed on
Feb 10, 2021
Sold by
Mufg Union Bank Na
Bought by
Contreras Manuel R and Contreras Sandra G
Seller's Agent
Maryellen McMahon
Douglas Elliman of California, Inc.
Buyer's Agent
Patty Plascencia
P & P and Associates Realty
List Price
$1,575,000
Sold Price
$1,600,000
Premium/Discount to List
$25,000
1.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
2.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 9, 2013
Sold by
Blinn Robert M
Bought by
Blinn Robert M

Purchase Details

Closed on
Jul 18, 2011
Sold by
Blinn James W
Bought by
Blinn Robert M

Purchase Details

Closed on
Jan 24, 2006
Sold by
Blinn Robert M
Bought by
Blinn Robert M and Blinn James W

Purchase Details

Closed on
Jul 22, 1998
Sold by
Blinn Robert M and Blinn James W
Bought by
Blinn Robert M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.9%

Purchase Details

Closed on
Jul 26, 1996
Sold by
Blinn Robert M
Bought by
Blinn Robert M and Blinn James W

Purchase Details

Closed on
Dec 8, 1987
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sanman Llc -- Wfg National Title
Contreras Manuel R -- Wfg National Title
Contreras Manuel R -- Wfg National Title
Sanman Llc -- None Available
Contreras Manuel R $1,600,000 First American Title Ins Co
Blinn Robert M -- First American Title
Blinn Robert M -- First American Title
Blinn Robert M -- First American Title
Blinn Robert M -- None Available
Blinn Robert M -- None Available
Blinn Robert M -- Old Republic Title Company
Blinn Robert M -- --
-- $215,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Contreras Manuel R $300,000
Closed Contreras Manuel R $300,000
Previous Owner Contreras Manuel R $100,000
Previous Owner Blinn Robert M $350,000
Previous Owner Blinn Robert M $190,000
Previous Owner Blinn Robert M $168,750
Previous Owner Blinn Robert M $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2021 02/22/21 Sold $1,600,000 +1.6% $401 / Sq Ft
01/22/2021 01/22/21 Pending -- -- --
12/23/2020 12/23/20 For Sale $1,575,000 0.0% $394 / Sq Ft
12/11/2020 12/11/20 Pending -- -- --
12/09/2020 12/09/20 For Sale $1,575,000 0.0% $394 / Sq Ft
11/20/2020 11/20/20 Pending -- -- --
11/10/2020 11/10/20 For Sale $1,575,000 -1.6% $394 / Sq Ft
02/05/2020 02/05/20 Off Market $1,600,000 -- --
02/05/2020 02/05/20 Pending -- -- --
01/17/2020 01/17/20 For Sale $1,575,000 -- $394 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,643 $855,120 $681,932 $173,188
2024 $10,643 $838,354 $668,561 $169,793
2023 $11,306 $821,916 $655,452 $166,464
2022 $11,513 $805,800 $642,600 $163,200
2021 $6,845 $416,546 $250,755 $165,791
2020 $5,779 $412,276 $248,184 $164,092
2019 $5,752 $404,193 $243,318 $160,875
2018 $3,985 $254,317 $130,360 $123,957
2017 $3,923 $249,331 $127,804 $121,527
2016 $3,802 $244,444 $125,299 $119,145
2015 $3,769 $240,773 $123,417 $117,356
2014 $3,711 $236,058 $121,000 $115,058
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 200002821

San Diego MLS

APN: 626-470-18