NOT LISTED FOR SALE

1130 Palm Ave Imperial Beach, CA 91932

Estimated Value: $890,000 - $1,116,000

2 Beds
2 Baths
960 Sq Ft
$1,038/Sq Ft Est. Value

Sale Details

Date Sold: September 20, 2022

Last sale price $900,000 $938 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $6,204 / mo

17 Days on Market

About This Home

As of September 2022

Excellently located commercially zoned duplex on major Imperial Beach thoroughfare with tons of potential. The property is commercially zoned but currently exists a two 1 bed 1 bath units with ample parking in front. Perfect property for an business owner/user with vision or as a bread-and-butter investment property.

Last Agent to Sell the Property

Alexander Kohl

South Coast Commercial, Inc. License #02024212 Listed on: 07/21/2022

Co-Listed By

Kevin Hemstreet

South Coast Commercial, Inc. License #01490629

Last Buyer's Agent

Alexander Kohl

South Coast Commercial, Inc. License #02024212 Listed on: 07/21/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • 1953

Lot Details

  • 5,576

Home Design

  • Composition Roof
  • Stucco Exterior

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Additional Features

  • 2-Story Property
  • Partially Fenced Property

Community Details

  • 2 Units
  • Net Operating Income $10,800

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 626-170-07-00

Property Details

Home Type

Multi-Family

Year Built

1953

Lot Details

5,576 Sq Ft Lot

Listing Details

  • Class: 2-4 UNITS
  • Market Area: South Bay
  • Cross Street: 11th St
  • Neighborhood: Palm Ave
  • LP / Sq Ft: 27.64
  • Stories: 2 Story
  • Sale Price List Price: 0.9
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1953

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: IMPERIAL BEACH

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 626-170-07-00

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 10800
  • Gross Rent Multiplier Actual: 43.0
  • Gross Rent Multiplier Projected: 20.0
  • Number Of Buildings: 1
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2022
Closed on
Sep 2, 2022
Sold by
Willy Moinat
Bought by
Moinat Jean Pierre
Seller's Agent
Alexander Kohl
South Coast Commercial, Inc.
Buyer's Agent
Alexander Kohl
South Coast Commercial, Inc.
List Price
$995,000
Sold Price
$900,000
Premium/Discount to List
-$95,000
-9.55%
Current Estimated Value
$996,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,106
Avg. Annual Appreciation
2.83%
Original Mortgage
$600,000
Interest Rate
5.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 13, 2022
Sold by
Wouter Moinat Family Irrevocable Trust
Bought by
C S Johnson 2007 Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 2021
Sold by
Moinat Wouter and Wouter Moinat Trust
Bought by
Moinat John D and Moinat Edward

Purchase Details

Closed on
Feb 16, 2018
Sold by
Moinat Wouter
Bought by
Moinat Wouter and Wouter Moinat Trust
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
Moinat Jean Pierre -- Chicago Title
C S Johnson 2007 Trust $900,000 Chicago Title
Moinat John D -- None Available
Moinat Wouter -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner C S Johnson 2007 Trust $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2022 09/20/22 Sold $900,000 -9.5% $938 / Sq Ft
08/08/2022 08/08/22 Pending -- -- --
07/21/2022 07/21/22 For Sale $995,000 -- $1,036 / Sq Ft
Source: San Diego MLS

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 $11,067 $936,360 $624,240 $312,120
2024 $11,067 $918,000 $612,000 $306,000
2023 $10,994 $900,000 $600,000 $300,000
2022 $1,375 $57,631 $45,037 $12,594
2021 $1,395 $56,502 $44,154 $12,348
2020 $1,180 $55,924 $43,702 $12,222
2019 $1,353 $54,829 $42,846 $11,983
2018 $1,249 $53,755 $42,006 $11,749
2017 $1,299 $52,702 $41,183 $11,519
2016 $1,244 $51,670 $40,376 $11,294
2015 $1,168 $50,895 $39,770 $11,125
2014 $1,057 $49,899 $38,991 $10,908
Source: Public Records

Agents Affiliated with this Home

  • Alexander Kohl

    Seller's Agent in 2022

    Alexander Kohl

    South Coast Commercial, Inc.

    (619) 916-9179

    2 in this area

    18 Total Sales

    Alexander Kohl
    Section Image
  • Kevin Hemstreet

    Seller Co-Listing Agent in 2022

    Kevin Hemstreet

    South Coast Commercial, Inc.

    (858) 302-5252

    1 in this area

    11 Total Sales

    Kevin Hemstreet
    Section Image
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Map

Source: San Diego MLS

MLS Number: 220018895

San Diego MLS

APN: 626-170-07

California San Diego County Imperial Beach 91932

1130 Palm Ave, Imperial Beach, CA

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