NOT LISTED FOR SALE

1121-23 Gardena Rd Encinitas, CA 92024

Estimated Value: $1,480,000 - $1,963,939

5 Beds
3 Baths
2,155 Sq Ft
$841/Sq Ft Est. Value

Last Sold December 11, 2020

Last sale price $1,187,000 $551 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $11,289/month

33 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Level Lot
  • Ocean Knoll Elementary School Rated A
  • Landscaped
  • Back Yard

About This Home

As of December 2020

Outstanding location in Encinitas! Walk to the beach, restaurants and stores on the 101. Also, a short walk to local parks, Oak Ridge Middle School and San Dieguito High School. This duplex is comprised of one 3 bedroom, 2 bath unit and one 2 bedroom, 1 bath unit.

Last Agent to Sell the Property

John Mayberry

Real Property Management License #01767835 Listed on: 10/05/2020

Last Buyer's Agent

Mikala Janse Van Rensburg

Redfin Corporation License #02094108

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,376

Year Built

  • Built in 1973

Lot Details

  • 9,262 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Level Lot
  • Sprinklers on Timer
  • Back Yard

Parking

  • 3 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 2,155 Sq Ft Home
  • 1-Story Property

Kitchen

  • Gas Oven or Range
  • Free-Standing Range
  • Range Hood
  • Dishwasher
  • Disposal

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas And Electric Dryer Hookup

Utilities

  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 7N / J
  • Tax Tract Number 2130
  • Assessor Parcel Number 2582733700

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,637
  • Trash Expense $1,056
  • Water Sewer Expense $948
  • Operating Expense $16,000
  • Gross Income $54,600
  • Net Operating Income $38,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,376

Year Built

Built in 1973

Lot Details

0

Parking

2

Listing Details

  • CapRate: 3.00
  • Price Per Unit: 599500
  • Property Attached: Yes
  • Water Sewer Expenses: 948.00
  • Zoning: R-2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 2582733700
  • Year Built: 1973
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Price Per Square Foot: 550.81

Exterior Features

  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Connected, Electricity Connected
  • Sprinklers: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal, Gas Cooking, Gas Water Heater, Range Hood, Refrigerator
  • Laundry Features: Gas & Electric Dryer Hookup, In Garage
  • Trash Expense: 1056.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Storm Drains, Street Lights, Suburban

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Landscaped, Lot 6500-9999, Level, Sprinkler System, Sprinklers Timer
  • Lot Size Sq Ft: 9262.00
  • Lot Size Acres: 0.2126

Multi Family

  • Gross Income: 54600.00
  • Gross Scheduled Income: 54600.00
  • Insurance Expense: 1637.00
  • Lot Size Area: 9262.0000 Square Feet
  • Net Operating Income: 38600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 16000.00
  • Rent Control: No
  • Total Actual Rent: 4550.00
  • Total Expenses: 16000.00

Tax Info

  • Tax Block: J
  • Tax Lot: 7N
  • Tax Tract Number: 2130

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2020
Closed on
Nov 17, 2020
Sold by
Pinkel Robert and Pinkel Linda
Bought by
Tokairin Hiroshi and Pszotka Dalma
Seller's Agent
John Mayberry
Real Property Management
Buyer's Agent
Mikala Janse Van Rensburg
Redfin Corporation
List Price
$1,249,000
Sold Price
$1,187,000
Premium/Discount to List
-$62,000
-4.96%
Current Estimated Value
$1,811,485

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$624,485
Avg. Annual Appreciation
9.89%
Original Mortgage
$890,250
Outstanding Balance
$802,965
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,015,158

Purchase Details

Closed on
Jun 5, 2007
Sold by
Pinkel Robert and Pinkel Linda
Bought by
Pinkel Robert and Pinkel Linda
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
Tokairin Hiroshi $1,187,000 Corinthian Title
Pinkel Robert -- None Available
Pinkel Robert -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tokairin Hiroshi $890,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2020 12/11/20 Sold $1,187,000 -1.0% $551 / Sq Ft
11/11/2020 11/11/20 Pending -- -- --
10/28/2020 10/28/20 Price Changed $1,199,000 -4.0% $556 / Sq Ft
10/09/2020 10/09/20 For Sale $1,249,000 -- $580 / 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
2024 $14,376 $1,259,652 $1,103,656 $155,996
2023 $14,011 $1,234,954 $1,082,016 $152,938
2022 $13,436 $1,210,740 $1,060,800 $149,940
2021 $13,610 $1,187,000 $1,040,000 $147,000
2020 $4,098 $274,066 $133,688 $140,378
2019 $4,036 $268,693 $131,067 $137,626
2018 $4,112 $263,426 $128,498 $134,928
2017 $4,163 $258,262 $125,979 $132,283
2016 $3,841 $253,199 $123,509 $129,690
2015 $3,654 $249,396 $121,654 $127,742
2014 $3,487 $244,511 $119,271 $125,240
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2001061

California Regional Multiple Listing Service (CRMLS)

APN: 258-273-37