NOT LISTED FOR SALE
4 Beds
3 Baths
2,038 Sq Ft
6,419 Sq Ft Lot

Sale Details

Date Sold: April 6, 2023

Last sale price $1,150,000 $564 Per Sq Ft

153 Days on Market

Highlights

  • No HOA
  • Laundry Facilities
  • No Heating
  • Park
  • Level Lot

About This Home

As of April 2023

We are pleased to present a fully remodeled, turn-key investment in the West Chula Vista community. The property is a fantastic triplex in close proximity to schools, shopping, and the new Bayfront development. This property features 3 fully remodeled units, a newly painted interior & exterior, and plenty of off-street parking. Each unit features new kitchens, bathrooms, flooring, and fixtures. All windows have been retrofitted, new coin laundry, and a new roof leave minimal capital expenditures for the new owner. The beautiful upgrades and property location offers plenty of upside opportunity for the next owner.

Last Agent to Sell the Property

Christian Ballow

Gene Bowman Realty License #02046669 Listed on: 10/05/2022

Last Buyer's Agent

Benjamin Gibbs

Polaris Pacific License #02063172

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 6,419 Sq Ft Lot
  • No Common Walls
  • Level Lot

Home Design

  • 2,038 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • No Heating

Listing and Financial Details

  • Tax Lot 01000
  • Assessor Parcel Number 5651612000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Recreation

  • Park

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

6,419 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 3.90
  • Property Attached: No
  • View: No
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 5651612000
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Appliances: No
  • Price Per Square Foot: 564.28

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 6419.00
  • Lot Size Acres: 0.1474

Multi Family

  • Gross Scheduled Income: 76800.00
  • Lot Size Area: 6419.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: Yes

Tax Info

  • Tax Lot: 01000

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2022
Closed on
Mar 29, 2023
Sold by
Bought by
Seller's Agent
Christian Ballow
Gene Bowman Realty
Buyer's Agent
Benjamin Gibbs
Polaris Pacific
List Price
$1,200,000
Sold Price
$1,150,000
Premium/Discount to List
-$50,000
-4.17%
Views
231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$517,981
Interest Rate
6.5%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
May 4, 2021
Closed on
Jun 7, 2021
Sold by
Bought by
Seller's Agent
Linda Lee
Keller Williams La Jolla
Buyer's Agent
NON-MEMBER NON-MEMBER
NON-MEMBER
List Price
$825,000
Sold Price
$790,000
Premium/Discount to List
-$35,000
-4.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.78%
Original Mortgage
$592,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 4, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
8.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 3, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,744
Interest Rate
7.47%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 3, 1997
Sold by
Bought by

Purchase Details

Closed on
Apr 30, 1993

Purchase Details

Closed on
Feb 12, 1988
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase 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 Buyer Sale Price Title Company
$578,000 Fidelity National Title
$790,000 First American Title
$640,000 First American Title Company
$300,000 California Title Company
$189,000 Lawyers Title
-- --
$165,000 --
$136,000 --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Closed $1,004,915
Closed $517,981
Previous Owner $592,500
Previous Owner $480,000
Previous Owner $417,000
Previous Owner $50,000
Previous Owner $312,000
Previous Owner $225,000
Previous Owner $187,744
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 Prior Sale
04/06/2023 04/06/23 Sold $1,150,000 -3.0% $564 / Sq Ft
03/07/2023 03/07/23 Pending -- -- --
11/01/2022 11/01/22 Price Changed $1,185,000 -1.3% $581 / Sq Ft
10/05/2022 10/05/22 For Sale $1,200,000 +51.9% $589 / Sq Ft
07/01/2021 07/01/21 Sold $790,000 -4.2% $388 / Sq Ft View Prior Sale
05/31/2021 05/31/21 Pending -- -- --
05/28/2021 05/28/21 For Sale $825,000 0.0% $405 / Sq Ft
05/12/2021 05/12/21 Pending -- -- --
05/04/2021 05/04/21 For Sale $825,000 -- $405 / 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
2026 $14,251 $1,220,388 $742,845 $477,543
2025 $14,251 $1,196,460 $728,280 $468,180
2024 $13,750 $1,173,000 $714,000 $459,000
2023 $9,705 $805,800 $499,800 $306,000
2022 $9,427 $805,800 $499,800 $306,000
2021 $7,847 $672,753 $357,400 $315,353
2020 $7,660 $665,856 $353,736 $312,120
2019 $7,462 $652,800 $346,800 $306,000
2018 $7,347 $640,000 $340,000 $300,000
2017 $5,445 $474,205 $187,186 $287,019
2016 $5,572 $464,908 $183,516 $281,392
2015 $5,242 $457,926 $180,760 $277,166
2014 $4,882 $425,000 $168,000 $257,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2206556

California Regional Multiple Listing Service (CRMLS)

APN: 565-161-20-00

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