NOT LISTED FOR SALE

1175 Georgia St Imperial Beach, CA 91932

Estimated Value: $1,189,070 - $1,421,000

5 Beds
3 Baths
1,994 Sq Ft
$637/Sq Ft Est. Value

Last Sold April 11, 2022

Last sale price $1,155,000 $579 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $7,969/month

7 Days on Market

Highlights

  • 1-Story Property
  • Level Lot
  • West of 5 Freeway
  • Property is Fully Fenced

About This Home

As of April 2022

This is the one you have been waiting for! 2 homes for the price of one! $6,000 a month in rental projections! Front unit is a 2 bedroom 1 bath home that has recently been updated with fresh exterior and interior paint, new windows, new floors, new tile in the bathroom, new fence, and more! Back unit is a 3 bedroom 2 bath home with a 2 car garage! These homes do not share any walls! This is a great investment opportunity as you can live in one and rent out the other, or just rent it out! Hurry, this one will go fast...

Last Agent to Sell the Property

Ryan Stein

Palisade Realty Inc License #01870211 Listed on: 03/02/2022

Palisade Realty Inc

Last Buyer's Agent

Maxwell Ventura

eXp Realty of California, Inc. License #02082438

eXp Realty of California, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,184

Year Built

  • 1955

Lot Details

  • 6,467 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot

Home Design

  • Composition Roof
  • Stucco Exterior

Parking

  • Alley Access
  • RV Potential

Utilities

  • Separate Water Meter
  • Gas Water Heater

Additional Features

  • 1-Story Property
  • West of 5 Freeway

Community Details

  • 2 Buildings
  • 2 Units
  • 1175 Georgia Community

Listing and Financial Details

  • Assessor Parcel Number 633-032-16-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,184

Year Built

1955

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: South Bay
  • Cross Street: Fern Ave
  • Neighborhood: Imperial Beach
  • Stories: 1 Story
  • Sale Price List Price: 1.05
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1955

Exterior Features

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

Garage/Parking

  • Parking for RV: Potential Space

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Complex Name: 1175 Georgia
  • Community: IMPERIAL BEACH

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Curbs, Public Street, Sidewalks, Street Paved, West of I-5
  • Topography: Level
  • Assessor Parcel Number: 633-032-16-00
  • Estimated Lot Sq Ft: 6467

Multi Family

  • No. of Units: 2
  • Gross Rent Multiplier Projected: 12.5
  • Gross Sched Income Projected: 6000
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2022
Closed on
Mar 22, 2022
Sold by
Bakcht Sharon
Bought by
Gamboa Benjamin
Seller's Agent
Ryan Stein
Palisade Realty Inc
Buyer's Agent
Maxwell Ventura
eXp Realty of California, Inc.
List Price
$899,000
Sold Price
$1,155,000
Premium/Discount to List
$256,000
28.48%
Current Estimated Value
$1,269,518

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,518
Avg. Annual Appreciation
-0.80%
Original Mortgage
$828,000
Outstanding Balance
$783,942
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
$339,408

Purchase Details

Listed on
Mar 2, 2022
Closed on
Mar 21, 2022
Sold by
Patricia M Maxe Revocable Trust
Bought by
Gamboa Benjamin
Seller's Agent
Ryan Stein
Palisade Realty Inc
Buyer's Agent
Maxwell Ventura
eXp Realty of California, Inc.
List Price
$899,000
Sold Price
$1,155,000
Premium/Discount to List
$256,000
28.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$828,000
Outstanding Balance
$783,942
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
$339,408

Purchase Details

Closed on
Mar 23, 2021
Sold by
Cline Lori and Henderson Living Trust
Bought by
Maxe Patricia M and Patricia M Maxe Revocable Trus

Purchase Details

Closed on
Sep 23, 2005
Sold by
Henderson Richard N
Bought by
Henderson Richard N

Purchase Details

Closed on
Jan 21, 2003
Sold by
Henderson Jo Anne M
Bought by
Henderson Richard N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.83%

Purchase Details

Closed on
Jul 7, 1999
Sold by
Maxe Patricia M
Bought by
Maxe Patricia M

Purchase Details

Closed on
May 21, 1998
Sold by
Henderson Family Trust
Bought by
Henderson Richard N and Maxe Patricia M
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
Gamboa Benjamin -- First American Title
Gamboa Benjamin $1,155,000 First American Title
Gamboa Benjamin $1,155,000 First American Title
Maxe Patricia M $352,500 Ticor Title San Diego Branch
Henderson Richard N -- --
Henderson Richard N -- Commonwealth Land Title
Maxe Patricia M -- --
Henderson Richard N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cline Lori L $828,000
Closed Gamboa Benjamin $828,000
Closed Cline Lori L $828,000
Previous Owner Henderson Richard N $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2022 04/11/22 Sold $1,155,000 +5.0% $579 / Sq Ft
03/10/2022 03/10/22 Pending -- -- --
03/07/2022 03/07/22 Price Changed $1,100,000 +10.1% $552 / Sq Ft
03/05/2022 03/05/22 Price Changed $999,000 +11.1% $501 / Sq Ft
03/02/2022 03/02/22 For Sale $899,000 -- $451 / 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 $15,184 $1,225,694 $1,034,677 $191,017
2024 $15,184 $1,201,662 $1,014,390 $187,272
2023 $14,883 $1,178,100 $994,500 $183,600
2022 $8,300 $590,575 $408,073 $182,502
2021 $4,304 $237,994 $30,145 $207,849
2020 $3,764 $235,554 $29,836 $205,718
2019 $3,738 $230,936 $29,251 $201,685
2018 $3,660 $226,409 $28,678 $197,731
2017 $3,605 $221,970 $28,116 $193,854
2016 $3,218 $217,618 $27,565 $190,053
2015 $3,217 $214,350 $27,151 $187,199
2014 $3,059 $210,153 $26,620 $183,533
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 220004528

San Diego MLS

APN: 633-032-16