NOT LISTED FOR SALE

1041 E 8th St National City, CA 91950

Estimated Value: $961,000 - $1,094,860

6 Beds
5 Baths
3,759 Sq Ft
$280/Sq Ft Est. Value

Last Sold June 30, 2017

Last sale price $582,500 $155 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $6,471/month

3 Days on Market

Highlights

  • Boat Facilities
  • City Lights View
  • Gated Home
  • Gated Community
  • The community has rules related to allowing live work
  • Wood Siding

About This Home

As of June 2017

INVESTOR OPPORTUNITY!!! Income producing 4-Units in National City. Largest unit (currently owner occupied: 2,000+sf w/ formal entry and living room on entry level, bedrooms, kitchen and living space upstairs. Quaint studio unit with fireplace. 2 bedroom 1 bath unit has spacious kitchen and living space with 2 adjoining bedrooms. Garage conversion has 1 bedroom, office space and open kitchen living room. Parking is secure with large open space and gate.

Last Agent to Sell the Property

Jeannine Savory

The Agency License #01310559 Listed on: 03/24/2017

The Agency

Co-Listed By

Kelly Pavlick

PROPR Real Estate Inc. License #02013971

Last Buyer's Agent

Jeannine Savory

The Agency License #01310559 Listed on: 03/24/2017

The Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,744

Year Built

  • Built in 1925

Lot Details

  • 9,453

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • City Lights Views
  • Window Bars

Utilities

  • Heating Available
  • Separate Water Meter
  • Gas Water Heater

Additional Features

  • Boat Facilities
  • Gated Home

Listing and Financial Details

  • Tenant pays for cable TV
  • Assessor Parcel Number 556-418-09-00

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • The community has rules related to allowing live work

Pet Policy

  • Breed Restrictions

Additional Features

  • Net Operating Income $14,916
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,744

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: K Street
  • Neighborhood: Rancho De La Nacion
  • LP / Sq Ft: 11.69
  • Stories: 2 Story
  • Sale Price List Price: 1.0
  • Total Stories: 2
  • Year Built: 1925
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Prkng Non Garage Spac U3: 2
  • Prkng Non Garage Spac U4: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Boat Facilities: Yes
  • Exterior Material: Wood
  • Fencing: Gate
  • Roof: Composition
  • View: City, Evening Lights

Utilities

  • Security: Gated Community, Security Bars
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Combination Heating

Condo/Co-op/Association

  • Pets Allowed: Allowed w/Restrictions
  • Community: NATIONAL CITY
  • Manager Name: Gabriel Ortiz
  • Manager Phone: 619-466-9988

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Water District: CITY OF NATIONAL CITY
  • Zoning: Commercial
  • Additional Property Use: Res/Business Use OK
  • Assessor Parcel Number: 556-418-09-00
  • Land Use Code: RD

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 14916
  • Annual Expense Actual: 9684
  • Annual Expense Projected: 11979
  • Gross Rent Multiplier Actual: 22.3
  • Gross Rent Multiplier Projected: 9.73
  • Gross Sched Income Actual: 24660
  • Gross Sched Income Projected: 56400
  • Number Of Buildings: 2
  • Number Of Units With Fireplaces: 2
  • 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
Apr 14, 2017
Sold by
Trust A
Bought by
Larimer Az Associates Llc
Current Estimated Value
$1,053,715

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,625
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 8, 2013
Sold by
Narvaez Victoria M
Bought by
Narvaez Victoria M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,736
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 10, 2003
Sold by
Narvaez Patrick R and Narvaez Victoria M
Bought by
Narvaez Patrick R and Narvaez Victoria M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,200
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Larimer Az Associates Llc $582,500 Chicago Title Company Sd
Narvaez Victoria M -- Mortgage Information Service
Narvaez Patrick R -- California Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Larimer Az Associates Llc $330,625
Previous Owner Narvaez Victoria M $165,736
Previous Owner Narvaez Patrick R $50,000
Previous Owner Narvaez Patrick R $189,200
Previous Owner Narvaez Patrick R $126,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2017 06/30/17 Sold $582,500 -0.1% $155 / Sq Ft
04/06/2017 04/06/17 Price Changed $583,000 +6.2% $155 / Sq Ft
03/27/2017 03/27/17 Pending -- -- --
03/24/2017 03/24/17 For Sale $549,000 -- $146 / 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 $8,744 $676,037 $371,386 $304,651
2024 $8,744 $662,782 $364,104 $298,678
2023 $8,626 $649,787 $356,965 $292,822
2022 $8,599 $637,047 $349,966 $287,081
2021 $8,205 $624,556 $343,104 $281,452
2020 $7,807 $618,153 $339,586 $278,567
2019 $7,714 $606,033 $332,928 $273,105
2018 $7,858 $594,150 $326,400 $267,750
2017 $60 $102,278 $72,241 $30,037
2016 $2,069 $100,274 $70,825 $29,449
2015 $2,055 $98,769 $69,762 $29,007
2014 $2,006 $96,835 $68,396 $28,439
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 170014612

San Diego MLS

APN: 556-418-09