NOT LISTED FOR SALE
6 Beds
4 Baths
10,942 Sq Ft
-- Built

Last Sold November 15, 2021

Last sale price $4,850,000 $443 Per Sq Ft

5 Days on Market

About This Home

As of November 2021

Center Village is a 20-unit apartment complex consisting of 10,942 square feet built in 1964 and situated on a 17,412 square foot lot. The unit mix is comprised of one 3 Bed / 2 Bath unit, four 2 Bedroom / 1 Bath units, and fifteen 1 Bed / 1 Bath units. The property has plenty of gated off-street parking spaces, common laundry, and half of the unit interiors are remodeled. There is a RUBs system in place and tenants have their own SDGE meters. The units feature electric wall heaters, mini blinds, and ceiling fans. DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS.

Last Agent to Sell the Property

Benn Vogelsang

NorthMarq Multifamily License #01883437 Listed on: 06/25/2021

Last Buyer's Agent

Benn Vogelsang

NorthMarq Multifamily License #01883437 Listed on: 06/25/2021

Property Details

Home Type

  • Multi-Family

Parking

  • 21 Parking Spaces

Home Design

Interior Spaces

  • 6 Bedrooms
  • 10,942 Sq Ft Home
  • 2-Story Property

Additional Homes

  • Number of ADU Units: 1

Listing and Financial Details

  • Total Actual Rent $30,868

Community Details

Overview

  • 20 Units

Building Details

  • 20 Leased Units
  • Operating Expense $122,068

Property Details

Home Type

Multi-Family

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Property Sub Type: Com-Res Income
  • CapRate: 4.74
  • Co List Office Mls Id: 69464
  • Living Area: 10942.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-03-05T12:17:40Z
  • FullAddress: 1228 Division Street
  • NumofLeasedApartments: 20
  • ShortSale: No
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 6

Garage/Parking

  • Total Parking Spaces: 21.0

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 20
  • Annual Operating Expense: 122068.0
  • Total Actual Rent: 30868.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2021 11/15/21 Sold $4,850,000 -3.0% $443 / Sq Ft
07/12/2021 07/12/21 Pending -- -- --
07/06/2021 07/06/21 For Sale $5,000,000 -- $457 / 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 $56,488 $5,125,634 $2,653,020 $2,472,614
2024 $56,488 $5,025,132 $2,601,000 $2,424,132
2023 $54,747 $4,926,600 $2,550,000 $2,376,600
2022 $53,919 $4,830,000 $2,500,000 $2,330,000
2021 $40,327 $3,521,447 $1,629,326 $1,892,121
2020 $39,081 $3,485,340 $1,612,620 $1,872,720
2019 $37,947 $3,417,000 $1,581,000 $1,836,000
2018 $37,544 $3,350,000 $1,550,000 $1,800,000
2017 $26,554 $2,359,471 $1,102,556 $1,256,915
2016 $25,688 $2,313,208 $1,080,938 $1,232,270
2015 $24,941 $2,278,463 $1,064,702 $1,213,761
2014 $23,981 $2,233,832 $1,043,846 $1,189,986
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210018768

San Diego MLS

APN: 150-141-16-00

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