NOT LISTED FOR SALE
6 Beds
5 Baths
2,662 Sq Ft
1958 Built

Sale Details

Date Sold: December 13, 2021

Last sale price $1,300,000 $488 Per Sq Ft

9 Days on Market

About This Home

As of December 2021

CALLING ALL INVESTORS! This is the perfect opportunity to purchase a cashflow triplex with one of the highest CAP rates in all of IB with self management. Property consists of one detached 2 bed 1 bath unit, and two attached 2 bed 2 bath units. All units have private outdoor space, in unit laundry, and 2 car parking/unit. Sellers added all new roofs, fully upgraded electrical, 2 of 3 units have new kitchens and bathrooms, new paint and other upgrades. Purchase owner occupied, lease at market rent or have a lucrative AirBNB. Less than 2 miles from the beach, this triplex is your perfect turn-key opportunity.

Last Agent to Sell the Property

Dana Marel Dugan

Compass License #02079212 Listed on: 11/11/2021

Compass

Co-Listed By

Patrick Kappel

Compass License #02017034

Last Buyer's Agent

Sherry Chen

Compass License #02109149

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Home Design

  • Stucco Exterior

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas

Additional Features

  • 2-Story Property
  • Partially Fenced Property

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 632-130-42-00

Community Details

Overview

  • 2 Buildings
  • 3 Units

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $52,956

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

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: 19.43
  • Stories: 2 Story
  • Sale Price List Price: 1.18
  • Total Stories: 2
  • Year Built: 1958
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Prkng Non Garage Spac U3: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial

Utilities

  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: IMPERIAL BEACH

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 632-130-42-00

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 52956
  • Gross Rent Multiplier Actual: 14.9
  • Gross Rent Multiplier Projected: 14.2
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Dryers: 3
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3

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
Nov 11, 2021
Closed on
Dec 12, 2021
Sold by
Bought by
Seller's Agent
Dana Marel Dugan
Compass
Buyer's Agent
Sherry Chen
Compass
List Price
$1,099,999
Sold Price
$1,300,000
Premium/Discount to List
$200,001
18.18%

Purchase Details

Listed on
Nov 11, 2021
Closed on
Nov 30, 2021
Sold by
Bought by
Seller's Agent
Dana Marel Dugan
Compass
Buyer's Agent
Sherry Chen
Compass
List Price
$1,099,999
Sold Price
$1,300,000
Premium/Discount to List
$200,001
18.18%

Purchase Details

Listed on
Feb 25, 2020
Closed on
Sep 22, 2020
Sold by
Bought by
Seller's Agent
Sandy Biondo
Three Coins Realty
Buyer's Agent
Mitchel Dilorenzo
Compass
List Price
$914,000
Sold Price
$890,000
Premium/Discount to List
-$24,000
-2.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.43%
Original Mortgage
$910,470
Interest Rate
2.8%
Mortgage Type
VA

Purchase Details

Listed on
Feb 25, 2020
Closed on
Sep 12, 2020
Sold by
Bought by
Seller's Agent
Sandy Biondo
Three Coins Realty
Buyer's Agent
Mitchel Dilorenzo
Compass
List Price
$914,000
Sold Price
$890,000
Premium/Discount to List
-$24,000
-2.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$910,470
Interest Rate
2.8%
Mortgage Type
VA

Purchase Details

Closed on
May 4, 2015
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
$300,000
Interest Rate
3.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 5, 1994
Sold by
Bought by

Purchase Details

Closed on
Jan 3, 1991

Purchase Details

Closed on
Feb 1, 1984
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
-- Ticor Title Company
$1,300,000 Ticor Title Company Of Ca
-- Stewart Title Of Ca Inc
$890,000 Stewart Title Of Ca Inc
-- Chicago Title Company
-- Accommodation
-- --
$129,500 --
$64,000 --
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 $910,470
Previous Owner $300,000
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 Prior Sale
12/13/2021 12/13/21 Sold $1,300,000 +18.2% $488 / Sq Ft
11/21/2021 11/21/21 Pending -- -- --
11/11/2021 11/11/21 For Sale $1,099,999 +23.6% $413 / Sq Ft
10/22/2020 10/22/20 Sold $890,000 -2.6% $332 / Sq Ft View Prior Sale
09/06/2020 09/06/20 Pending -- -- --
09/03/2020 09/03/20 For Sale $914,000 +2.7% $341 / Sq Ft
09/02/2020 09/02/20 Off Market $890,000 -- --
06/29/2020 06/29/20 Price Changed $914,000 -0.1% $341 / Sq Ft
05/02/2020 05/02/20 Price Changed $915,000 -4.5% $341 / Sq Ft
02/25/2020 02/25/20 For Sale $958,000 -- $357 / 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 $18,788 $1,407,161 $1,082,432 $324,729
2025 $17,317 $1,379,570 $1,061,208 $318,362
2024 $17,317 $1,352,520 $1,040,400 $312,120
2023 $16,993 $1,326,000 $1,020,000 $306,000
2022 $16,455 $1,300,000 $1,000,000 $300,000
2021 $11,515 $890,000 $593,333 $296,667
2020 $5,562 $378,484 $125,643 $252,841
2019 $5,426 $371,064 $123,180 $247,884
2018 $5,863 $363,789 $120,765 $243,024
2017 $5,917 $356,657 $118,398 $238,259
2016 $5,707 $349,665 $116,077 $233,588
2015 $5,410 $344,414 $114,334 $230,080
2014 -- $337,669 $112,095 $225,574
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210031111

San Diego MLS

APN: 632-130-42-00

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