NOT LISTED FOR SALE

1029 12th St Imperial Beach, CA 91932

4 Beds
2 Baths
1,620 Sq Ft
1962 Built

Sale Details

Date Sold: July 1, 2020

Last sale price $745,000 $460 Per Sq Ft

103 Days on Market

Highlights

  • Cooling Available
  • Heating System Uses Natural Gas
  • 1-Story Property
  • Partially Fenced Property

About This Home

As of July 2020

Two remodeled classic beach cottages available in Imperial Beach! Each homes offers a 2 bedroom 1 bath with a single car garage (attached). And separate back yards. The remodel was done in 2014 & 2015. Upgrades include; new plumbing, Electrical, flooring, windows, and updated kitchens and bathrooms. Newer appliances including a washer and dryer for each unit. Live in one and rent the other or rent both! Front unit is occupied and rents for $1,900/month. Projected rental income for each is $2,200/month. Neighborhoods: Imperial Beach Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 1029 Unit # for Unit 2: 1031 Number of Furnished Units: 0 Topography: LL

Last Agent to Sell the Property

Mercedes Estrada

Coldwell Banker West License #01229142 Listed on: 02/13/2020

Coldwell Banker West

Co-Listed By

Miguel Estrada

Coldwell Banker West License #02016510

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Home Design

  • Composition Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • 1-Story Property
  • Partially Fenced Property

Listing and Financial Details

  • Tenant pays for water, electricity
  • Assessor Parcel Number 6265001800

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Net Operating Income $43,605

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Listing Details

  • CapRate: 6.00
  • Subdivision Name Other: Imperial Beach
  • View: No
  • Zoning: R-2
  • Property Type: Residential Income
  • Parcel Number: 6265001800
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Appliances: Yes
  • Levels: One

Exterior Features

  • Fence: Yes
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Heating: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Natural Gas
  • Cooling: Yes

Rental Info

  • Tenant Pays: Water, Electricity

Multi Family

  • Gross Scheduled Income: 49200.00
  • Net Operating Income: 43605.00
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/01/2020 07/01/20 Sold $745,000 -6.3% $460 / Sq Ft
05/26/2020 05/26/20 Pending -- -- --
02/13/2020 02/13/20 For Sale $795,000 -- $491 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,398 $806,408 $499,208 $307,200
2024 $10,398 $790,597 $489,420 $301,177
2023 $10,420 $775,096 $479,824 $295,272
2022 $10,207 $759,899 $470,416 $289,483
2021 $9,780 $745,000 $461,193 $283,807
2020 $5,155 $369,008 $228,435 $140,573
2019 $5,112 $361,773 $223,956 $137,817
2018 $4,987 $354,680 $219,565 $135,115
2017 $4,839 $347,726 $215,260 $132,466
2016 $4,786 $340,909 $211,040 $129,869
2015 $4,628 $335,789 $207,870 $127,919
2014 $4,971 $329,213 $203,799 $125,414
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 200012493

California Regional Multiple Listing Service (CRMLS)

APN: 626-500-18-00

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