NOT LISTED FOR SALE
8 Beds
4 Baths
3,264 Sq Ft
1965 Built

Sale Details

Date Sold: September 9, 2024

Last sale price $2,500,000 $766 Per Sq Ft

36 Days on Market

About This Home

As of September 2024

This Coastal North County 4-Unit Property has it all! Offering large units, ocean views, 20% upside in rent, four (4) garages, extra off-street parking (8 spots), private yards/patios, and potential for three (3) ADU’s; this property allows an investor the opportunity to utilize attractive residential financing and add value in one of San Diego’s most sought after coastal markets. The property consists of four (4) 2Bedroom / 1Bathroom Units averaging 816sf on a large 12,353sf lot. Located off I-5 and Santa Fe Dr, tenants are walking distance to San Dieguito High School and just down the street from the Self-Realization Fellowship Gardens. This well-maintained and pride of ownership asset is truly a one of a kind opportunity for the coastal value-add investor.

Last Agent to Sell the Property

Angelo La Bruna

Apartment Realty Group (ARG) License #01991625 Listed on: 07/17/2024

Last Buyer's Agent

Angelo La Bruna

Apartment Realty Group (ARG) License #01991625 Listed on: 07/17/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Home Design

  • Rolled or Hot Mop Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 258-272-21-00

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Net Operating Income $80,843

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal North
  • Cross Street: Gardena Rd & Santa Fe Dr
  • Neighborhood: Encinitas
  • LP / Sq Ft: 27.77
  • Stories: 2 Story
  • Sale Price List Price: 0.83
  • Total Stories: 2
  • Year Built: 1965
  • 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
  • Roof: Rolled/Hot Mop

Condo/Co-op/Association

  • Community: ENCINITAS

Lot Info

  • Lot Size: .25 to .5 AC
  • Zoning: R11
  • Assessor Parcel Number: 258-272-21-00

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 80843
  • Gross Rent Multiplier Actual: 20.88
  • Gross Rent Multiplier Projected: 17.36
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Dryers: 4
  • Number Of Units With Garage: 4
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 4
  • Other Income Actual: 3127
  • Other Income Projected: 3300.0

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
Jul 17, 2024
Closed on
Sep 3, 2024
Sold by
Bought by
Seller's Agent
Angelo La Bruna
Apartment Realty Group (ARG)
Buyer's Agent
Angelo La Bruna
Apartment Realty Group (ARG)
List Price
$2,995,000
Sold Price
$2,500,000
Premium/Discount to List
-$495,000
-16.53%
Views
66

Purchase Details

Closed on
Dec 27, 2012
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
$604,500
Interest Rate
2.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 28, 2012
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
$604,500
Interest Rate
2.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 2007
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
$640,000
Interest Rate
6.87%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$2,500,000 Lawyers Title
-- None Available
-- Stewart Title Of California
-- First American Title Co
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
Previous Owner $604,500
Previous Owner $640,000
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
09/09/2024 09/09/24 Sold $2,500,000 -16.5% $766 / Sq Ft
07/17/2024 07/17/24 For Sale $2,995,000 -- $918 / Sq Ft
Source: San Diego MLS

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 $28,980 $2,550,000 $2,142,000 $408,000
2025 $5,808 $2,500,000 $2,100,000 $400,000
2024 $5,808 $356,942 $132,010 $224,932
2023 $5,496 $349,944 $129,422 $220,522
2022 $5,305 $343,084 $126,885 $216,199
2021 $5,154 $336,358 $124,398 $211,960
2020 $5,560 $332,910 $123,123 $209,787
2019 $5,483 $326,383 $120,709 $205,674
2018 $5,427 $319,985 $118,343 $201,642
2017 $5,468 $313,712 $116,023 $197,689
2016 $5,414 $307,562 $113,749 $193,813
2015 $5,257 $302,943 $112,041 $190,902
2014 $4,938 $297,010 $109,847 $187,163
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240016480

San Diego MLS
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