NOT LISTED FOR SALE

1067 Connecticut St Imperial Beach, CA 91932

Estimated Value: $662,000 - $1,021,000

2 Beds
2 Baths
1,056 Sq Ft
$757/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $695,500 $659 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,996/month

86 Days on Market

Highlights

  • Partially Fenced Property
  • West of 5 Freeway
  • 4-minute walk to Veterans Park
  • Level Lot
  • 1-Story Property

About This Home

As of October 2021

Less than 1 mile from the ocean. Two attached units with their own separate yards. Each side has 1 bed, 1 bath. Amazing tenants have been in property for many years and would love to stay. Month to month leases. Rents are low. $1,250 and $1,312. Tenants pay all utilities including water. Excellent neighborhood. Drive by only at this time. Do not disturb tenants. Shown with acceptable offer.

Last Agent to Sell the Property

David Genzler

David Genzler, Broker License #01043795 Listed on: 07/12/2021

Last Buyer's Agent

Stephanie Rivera

Keller Williams Realty License #01944380

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,057

Year Built

  • Built in 2000

Lot Details

  • 4,031 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Home Design

  • Composition Roof

Parking

  • Alley Access
  • RV Potential

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Additional Features

  • 1-Story Property
  • West of 5 Freeway

Community Details

  • 2 Units
  • Net Operating Income $21,519

Listing and Financial Details

  • Tenant pays for water, cable TV, electricity, gas/propane, hot water
  • Assessor Parcel Number 626-391-12-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,057

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: Imperial Beach Blvd
  • Neighborhood: Imperial Beach
  • LP / Sq Ft: 24.66
  • Stories: 1 Story
  • Sale Price List Price: 1.01
  • Total Stories: 1
  • Year Built: 2000
  • 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: Wood/Stucco
  • Fencing: Partial
  • Roof: Composition

Garage/Parking

  • Parking for RV: Potential Space

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: IMPERIAL BEACH

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Curbs, Public Street, Sidewalks, Street Paved, West of I-5
  • Topography: Level
  • Zoning: R-1:SINGLE
  • Assessor Parcel Number: 626-391-12-00
  • Estimated Lot Sq Ft: 4031
  • Estimated Number of Acres: 0.09
  • Map Code Column: G
  • Map Code Page: 1349
  • Map Code Row: 1

Rental Info

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

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 21519
  • Annual Expense Actual: 9225
  • Annual Expense Projected: 9225
  • Gross Rent Multiplier Actual: 22.0
  • Gross Rent Multiplier Projected: 18.5
  • Gross Sched Income Actual: 30744
  • Gross Sched Income Projected: 37200
  • Number Of Buildings: 1
  • Number Of Units With Dryers: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2021
Closed on
Oct 21, 2021
Sold by
Genzler David and Genzler David J
Bought by
Wentworth Kelly Ann
Seller's Agent
David Genzler
David Genzler, Broker
Buyer's Agent
Stephanie Rivera
Keller Williams Realty
List Price
$690,000
Sold Price
$695,500
Premium/Discount to List
$5,500
0.8%
Current Estimated Value
$799,029

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,529
Avg. Annual Appreciation
3.56%
Original Mortgage
$720,538
Outstanding Balance
$657,063
Interest Rate
2.8%
Mortgage Type
VA
Estimated Equity
$141,966

Purchase Details

Closed on
Oct 1, 2007
Sold by
Briskey Mary J
Bought by
Genzler David J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,500
Interest Rate
5.99%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 4, 1999
Sold by
Briskey Edward L and Briskey Mary J
Bought by
Briskey Edward L and Briskey Mary J
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
Wentworth Kelly Ann $695,500 Lawyers Title Company
Genzler David J $235,000 Fidelity National Title Co
Briskey Edward L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wentworth Kelly Ann $720,538
Previous Owner Genzler David J $23,500
Previous Owner Genzler David J $188,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2021 10/29/21 Sold $695,500 +0.8% $659 / Sq Ft
10/07/2021 10/07/21 Pending -- -- --
09/11/2021 09/11/21 For Sale $690,000 -0.8% $653 / Sq Ft
07/15/2021 07/15/21 Off Market $695,500 -- --
07/12/2021 07/12/21 For Sale $690,000 -- $653 / 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 $9,057 $738,069 $647,336 $90,733
2024 $9,057 $723,598 $634,644 $88,954
2023 $8,945 $709,410 $622,200 $87,210
2022 $9,181 $695,500 $610,000 $85,500
2021 $4,244 $285,157 $212,355 $72,802
2020 $4,060 $282,234 $210,178 $72,056
2019 $4,102 $276,701 $206,057 $70,644
2018 $4,100 $271,276 $202,017 $69,259
2017 $3,948 $265,957 $198,056 $67,901
2016 $3,696 $260,743 $194,173 $66,570
2015 $3,596 $256,828 $191,257 $65,571
2014 $3,689 $251,798 $187,511 $64,287
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210019484

San Diego MLS

APN: 626-391-12