NOT LISTED FOR SALE

1104-6 Felspar St San Diego, CA 92109

Pacific Beach Neighborhood

Estimated Value: $1,778,000 - $2,537,000

5 Beds
3 Baths
2,800 Sq Ft
$773/Sq Ft Est. Value

Last Sold August 25, 2021

Last sale price $1,750,000 $625 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $13,344/month

12 Days on Market

About This Home

As of August 2021

Incredible investment opportunity in Pacific Beach! This 2 unit property absolutely crushes rents averaging nearly $100,000 in gross income over the last few years. Located just 4 blocks to the beach and 1 block to the bars and restaurants, this cash cow offers a superior corner lot with off street parking, furnished units, and upgraded interiors. The ground floor unit is a 1/1 with a second 4/2 unit upstairs . All parking is shared with a 2-car garage, driveway parking and common laundry. Freshly painted inside and out! A must see! North Pacific Beach is one of the most sought after beach communities in San Diego. The property has been well maintained as a solid investment with a strong proven track record of producing income. Opportunities like this are harder and harder to come by, especially with this location and proximity to the ocean. Live in one and rent the rest, develop as new construction units, or simply let the cash keep rolling in.

Last Agent to Sell the Property

Scott Ryan

Compass License #01398461 Listed on: 06/30/2021

Compass

Co-Listed By

Evan Smith

Compass License #01986812

Last Buyer's Agent

Paige D'Arrigo

Berkshire Hathaway HomeServices California Properties License #02073868

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,395

Year Built

  • Built in 1953

Lot Details

  • 3,324 Sq Ft Lot
  • Property is Fully Fenced

Home Design

  • Rolled or Hot Mop Roof

Interior Spaces

  • 2-Story Property

Listing and Financial Details

  • Assessor Parcel Number 415-622-12-00

Community Details

Pet Policy

  • Pet Restriction

Additional Features

  • 2 Units
  • Net Operating Income $85,337

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,395

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Dawes
  • Neighborhood: North Pacific Beach
  • Supplement: North Pacific Beach is one of the most sought after beach communities in San Diego. The property has been well maintained as a solid investment with a strong proven track record of producing income. Opportunities like this are harder and harder to come by, especially with this location and proximity to the ocean. Live in one and rent the rest, develop as new construction units, or simply let the cash keep rolling in.
  • Stories: 2 Story
  • Sale Price List Price: 1.0
  • Total Stories: 2
  • Year Built: 1953
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Full
  • Roof: Rolled/Hot Mop

Condo/Co-op/Association

  • Pets Allowed: Allowed w/Restrictions
  • Community: PACIFIC BEACH

Lot Info

  • Lot Size: 1-3,999 SF
  • Zoning: R-3
  • Assessor Parcel Number: 415-622-12-00
  • Estimated Lot Sq Ft: 3324

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 85337
  • Annual Expense Actual: 12400
  • Gross Rent Multiplier Actual: 18.9
  • Gross Sched Income Actual: 97737
  • Number Of Buildings: 1
  • Number Of Furnished Units: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 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
Jun 30, 2021
Closed on
Jul 14, 2021
Sold by
Gigg Llc
Bought by
Emadi Miad and Emadi Milad
Seller's Agent
Scott Ryan
Compass
Buyer's Agent
Paige D'Arrigo
Berkshire Hathaway HomeServices California Properties
List Price
$1,749,000
Sold Price
$1,750,000
Premium/Discount to List
$1,000
0.06%
Current Estimated Value
$2,164,948

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$414,948
Avg. Annual Appreciation
6.84%
Original Mortgage
$1,312,500
Outstanding Balance
$1,191,671
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,103,877

Purchase Details

Closed on
Sep 12, 2019
Sold by
Ives Gregory T
Bought by
Gigg Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
3.69%

Purchase Details

Closed on
Aug 9, 2019
Sold by
Gigg Llc
Bought by
Ives Gregory T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 2017
Sold by
Ives Gregory
Bought by
Gigg Llc

Purchase Details

Closed on
Jul 25, 2017
Sold by
Gigg Llc
Bought by
Ives Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2017
Sold by
Ives Gregory
Bought by
Gigg Llc

Purchase Details

Closed on
Apr 20, 2017
Sold by
Gigg Llc
Bought by
Ives Gregory

Purchase Details

Closed on
Jul 12, 2007
Sold by
Ives Gregory and Granito Gregory
Bought by
Gigg Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$788,000
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 2006
Sold by
Granito Gregory and Ives Gregory
Bought by
Gigg Llc

Purchase Details

Closed on
May 10, 2006
Sold by
Granito Gregory and Kottkamp Kellie
Bought by
Granito Gregory and Ives Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,235
Interest Rate
6.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 2004
Sold by
Union Bank Of California Na
Bought by
Granito Gregory and Ives Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$633,600
Interest Rate
5.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Emadi Miad $1,750,000 Chicago Title
Gigg Llc -- Accommodation
Ives Gregory T -- First American Title Company
Gigg Llc -- First American Title
Ives Gregory -- Accommodation
Gigg Llc -- None Available
Ives Gregory -- Accommodation
Gigg Llc -- Accommodation
Ives Gregory -- Alliance Title Company
Gigg Llc -- Accommodation
Granito Gregory -- Accommodation
Granito Gregory $792,000 Southland Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Emadi Miad $1,312,500
Previous Owner Ives Gregory $788,000
Previous Owner Granito Gregory $64,235
Previous Owner Granito Gregory $633,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2021 08/25/21 Sold $1,750,000 +0.1% $625 / Sq Ft
07/13/2021 07/13/21 Pending -- -- --
06/30/2021 06/30/21 For Sale $1,749,000 -- $625 / 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 $22,395 $1,857,113 $1,623,648 $233,465
2024 $22,395 $1,820,700 $1,591,812 $228,888
2023 $21,902 $1,785,000 $1,560,600 $224,400
2022 $21,320 $1,019,893 $643,876 $376,017
2021 $12,600 $1,019,893 $643,876 $376,017
2020 $12,448 $1,009,436 $637,274 $372,162
2019 $12,226 $989,644 $624,779 $364,865
2018 $11,429 $970,240 $612,529 $357,711
2017 $11,158 $951,217 $600,519 $350,698
2016 $10,981 $932,567 $588,745 $343,822
2015 $10,819 $918,560 $579,902 $338,658
2014 $10,648 $900,568 $568,543 $332,025
Source: Public Records

Agents Affiliated with this Home

  • Scott Ryan

    Seller's Agent in 2021

    Scott Ryan

    Compass

    (858) 349-8272

    6 in this area

    60 Total Sales

    Scott Ryan
    Section Image
  • Evan Smith

    Seller Co-Listing Agent in 2021

    Evan Smith

    Compass

    (858) 869-5227

    6 in this area

    43 Total Sales

    Evan Smith
    Section Image
  • Paige D'Arrigo

    Buyer's Agent in 2021

    Paige D'Arrigo

    Berkshire Hathaway HomeServices California Properties

    (702) 673-0907

    4 in this area

    50 Total Sales

    Paige D'Arrigo
    Section Image
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Map

Source: San Diego MLS

MLS Number: 210018139

San Diego MLS

APN: 415-622-12

California San Diego County San Diego 92109 Pacific Beach

1104-6 Felspar St, San Diego, CA

This home is located at 1104-6 Felspar St, San Diego, CA 92109 since 30 June 2021 and is currently estimated at $2,164,948, approximately $773 per square foot. This property was built in 1953. 1104-6 Felspar St is a home located in San Diego County with nearby schools including Pacific Beach Elementary School, Pacific Beach Middle, and Mission Bay High School.

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