NOT LISTED FOR SALE

Estimated Value: $3,387,741 - $4,513,000

4 Beds
4 Baths
2,385 Sq Ft
$1,610/Sq Ft Est. Value

Last Sold March 23, 2012

Last sale price $975,000 $409 Per Sq Ft

Est. 294% increase in value since last sale

Current estimated payment $22,570/month

14 Days on Market

Highlights

  • Ocean View
  • Partially Fenced Property
  • 2-minute walk to Mildred MacPherson Park
  • Paul Ecke-Central Elementary Rated A
  • Wood Siding

About This Home

As of March 2012

Incredible opportunity to own an ocean view duplex with terrific upside. Nice all flat usable lot with a 3 car garage and plenty of parking. Units are spacious 2BD/2BA with ocean views and own laundry. Units have been updated. Location is amazing!! Better call today because this Cornish gem will not last...

Last Agent to Sell the Property

David Miller

Swell Property License #01389997 Listed on: 02/08/2012

Last Buyer's Agent

Harold Nelson

Coldwell Banker License #00763355

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 8,320

Home Design

  • Wood Siding
  • Stucco

Interior Spaces

  • 2-Story Property
  • Ocean Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • Partially Fenced Property
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2583413800

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $16,345
  • Net Operating Income $46,055

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • CapRate: 3.99
  • Subdivision Name Other: ENCINITAS
  • View: Yes
  • Zoning: R5
  • Property Type: Residential Income
  • Parcel Number: 2583413800
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Appliances: Yes
  • Levels: Two

Exterior Features

  • View: Ocean
  • Fence: Yes
  • Fencing: Partial
  • Construction Materials: Stucco, Wood Siding

Utilities

  • Appliances: Gas Water Heater

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Additional Parcels: No

Multi Family

  • Gross Multiplier: 17.66
  • Gross Scheduled Income: 55200.00
  • Net Operating Income: 46055.00
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Total Expenses: 16345.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 7, 2025
Sold by
Michael And Diane Drapkin Family Trust and Drapkin Michael L
Bought by
Solana Beach North Sierra Llc
Current Estimated Value
$3,839,435

Purchase Details

Closed on
Apr 24, 2019
Sold by
Aaker Family Trust
Bought by
Drapkin Michael L and Drapkin Diane H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,788,750
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2017
Sold by
Saxten Rosamond Dana
Bought by
Aaker Christopher R and Aaker Jillian G

Purchase Details

Closed on
May 7, 2015
Sold by
Saxten Rosamond Dana
Bought by
Saxten Rosamond Dana

Purchase Details

Closed on
Oct 9, 2012
Sold by
Nvddh Llc
Bought by
Ssaxten Rosamond Dana and The Saxten Family Trust

Purchase Details

Listed on
Feb 8, 2012
Closed on
Feb 24, 2012
Sold by
Stoller Ray Douglas
Bought by
Nvddh Llc
Seller's Agent
David Miller
Swell Property
Buyer's Agent
Harold Nelson
Coldwell Banker
List Price
$975,000
Sold Price
$975,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.47%

Purchase Details

Closed on
Jan 16, 2004
Sold by
Ashton Deborah Nell
Bought by
Stoller Ray Douglas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$546,000
Interest Rate
5.79%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Nov 22, 1988
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Solana Beach North Sierra Llc -- None Listed On Document
Michael And Diane Drapkin Family Trust -- None Listed On Document
Drapkin Michael L $2,385,000 Equity Title
Aaker Christopher R $2,442,500 Fidelity National Title Co
Saxten Rosamond Dana -- None Available
Ssaxten Rosamond Dana $1,825,000 Title365
Nvddh Llc $975,000 Lawyers Title
Stoller Ray Douglas -- Fidelity National Title Co
-- $394,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Drapkin Michael L $1,788,750
Previous Owner Stoller Ray Douglas $546,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2012 03/23/12 Sold $975,000 0.0% $409 / Sq Ft
02/22/2012 02/22/12 Pending -- -- --
02/08/2012 02/08/12 For Sale $975,000 -- $409 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $29,451 $2,743,824 $2,035,821 $708,003
2024 $29,451 $2,690,024 $1,995,903 $694,121
2023 $28,568 $2,637,279 $1,956,768 $680,511
2022 $28,535 $2,585,568 $1,918,400 $667,168
2021 $27,411 $2,534,872 $1,880,785 $654,087
2020 $26,340 $2,431,680 $1,861,500 $570,180
2019 $27,392 $2,541,177 $1,976,760 $564,417
2018 $26,785 $2,491,350 $1,938,000 $553,350
2017 $21,250 $1,958,578 $1,644,612 $313,966
2016 $20,671 $1,920,175 $1,612,365 $307,810
2015 $20,352 $1,891,333 $1,588,146 $303,187
2014 $19,921 $1,833,285 $1,557,037 $276,248
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 120007276

California Regional Multiple Listing Service (CRMLS)

APN: 258-341-38