NOT LISTED FOR SALE

1178 - 118 Elm Ave Imperial Beach, CA 91932

Estimated Value: $748,000 - $1,004,000

4 Beds
2 Baths
1,560 Sq Ft
$559/Sq Ft Est. Value

Last Sold June 15, 2012

Last sale price $255,000 $163 Per Sq Ft

Est. 242% increase in value since last sale

Current estimated payment $5,167/month

7 Days on Market

Highlights

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

About This Home

As of June 2012

BANK OWNED Duplex in Imperial Beach. This duplex is situated less than five minutes to the beach and has two units in one building. Both units have two bedrooms, one bath, a single car garage and a private backyard. This property is a prime candidate for a total remodel and the increase in rent would be a nice bonus. When you come to preview these units you will find original hardwood floors, vaulted ceilings and nostalgic tile in the bathrooms. Imperial Beach is one of the last great beach communities! Perfect for an investor looking for income property or a first time home buyer who wants to live in one unit and rent the other. If you ever wanted to live in a true beach community, now is your chance with this well priced real estate owned duplex. With easy access to the freeway, you will be only minutes away from Tijuana, 32nd street Naval Station, Downtown and of course you can take a leisurely bike ride up the strand to Coronado and spend the day at the World Famous Hotel Del Coronado. Every year you will be able to enjoy the wonderful sand sculptures created by teams from all over the world at the IB sand castle festival. Call us today for a private tour of this great duplex.

Last Agent to Sell the Property

James Mabry

James Mabry, Broker License #01721454 Listed on: 04/07/2012

Co-Listed By

Jessica Finch

Urban City Real Estate Group, Inc. dba The Real Estate Agency License #01813490

Last Buyer's Agent

James Mabry

James Mabry, Broker License #01721454 Listed on: 04/07/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,685

Year Built

  • 1957

Lot Details

  • 5,662 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Home Design

  • Composition Roof
  • Stucco Exterior

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • 1-Story Property
  • West of 5 Freeway

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for sewer, trash, water, cable TV, electricity, hot water
  • Assessor Parcel Number 626-332-09-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,685

Year Built

1957

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: South Bay
  • Cross Street: 12th St
  • Neighborhood: Imperial Beach
  • Supplement: Perfect for an investor looking for income property or a first time home buyer who wants to live in one unit and rent the other. If you ever wanted to live in a true beach community, now is your chance with this well priced real estate owned duplex. With
  • Stories: 1 Story
  • Sale Price List Price: 1.12
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Year Built: 1957

Exterior Features

  • Boat Facilities: No/Unknown
  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial)
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: IMPERIAL BEACH

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Curbs, Public Street, Sidewalks, Street Paved, West of I-5
  • Topography: Level
  • Zoning: R2
  • Assessor Parcel Number: 626-332-09-00
  • Land Use Code: Dplx
  • Estimated Lot Sq Ft: 5662

Rental Info

  • Tenant Pays: Sewer, Trash, Water, Cable TV, Electricity, Hot Water

Multi Family

  • No. of Units: 2
  • Number Of Buildings: 1
  • Number Of Units With Dryers: 1
  • Number Of Units With Garage: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 1
  • Number Of Units With Washers: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 18, 2014
Sold by
Foley Mark J and Foley Denise M
Bought by
Foley Mark J and Foley Denise M
Current Estimated Value
$872,555

Purchase Details

Listed on
Apr 7, 2012
Closed on
May 30, 2012
Sold by
U S Bank National Association
Bought by
Foley Mark J and Foley Denise M
Seller's Agent
James Mabry
James Mabry, Broker
Buyer's Agent
James Mabry
James Mabry, Broker
List Price
$228,000
Sold Price
$255,000
Premium/Discount to List
$27,000
11.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.63%
Original Mortgage
$178,500
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2011
Sold by
Alvarado Guadalupe
Bought by
U S Bank National Association

Purchase Details

Closed on
Aug 11, 2006
Sold by
Huntington Daniel T
Bought by
Alvarado Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
8.37%
Mortgage Type
Balloon

Purchase Details

Closed on
Dec 30, 2005
Sold by
Huntington Karen M
Bought by
Huntington Daniel T

Purchase Details

Closed on
Oct 19, 2005
Sold by
Kinsella John R and Huntington Karen M
Bought by
Huntington Karen 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
Foley Mark J -- None Available
Foley Mark J $255,000 First American Title Company
U S Bank National Association $289,052 Servicelink
Alvarado Guadalupe $510,000 California Title Company
Huntington Daniel T -- --
Huntington Karen M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Foley Mark J $426,000
Closed Foley Mark J $439,000
Closed Foley Mark J $178,500
Previous Owner Alvarado Guadalupe $408,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2012 06/15/12 Sold $255,000 +11.8% $163 / Sq Ft
04/13/2012 04/13/12 Pending -- -- --
04/06/2012 04/06/12 For Sale $228,000 -- $146 / 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 $4,685 $320,279 $197,095 $123,184
2024 $4,685 $314,000 $193,231 $120,769
2023 $4,666 $307,844 $189,443 $118,401
2022 $4,771 $301,809 $185,729 $116,080
2021 $4,698 $295,892 $182,088 $113,804
2020 $4,418 $292,859 $180,221 $112,638
2019 $4,391 $287,118 $176,688 $110,430
2018 $4,114 $281,489 $173,224 $108,265
2017 $4,233 $275,971 $169,828 $106,143
2016 $4,102 $270,561 $166,499 $104,062
2015 $4,069 $266,498 $163,999 $102,499
2014 $4,005 $261,279 $160,787 $100,492
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 120018037

San Diego MLS

APN: 626-332-09