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

Sale Details

Date 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

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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
  • SDMLS_NumofADUUnits: 1.0
  • 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

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
Jun 25, 2021
Closed on
Nov 4, 2021
Sold by
North County Villages
Bought by
Seller's Agent
Benn Vogelsang
NorthMarq Multifamily
Buyer's Agent
Benn Vogelsang
NorthMarq Multifamily
List Price
$5,000,000
Sold Price
$4,850,000
Premium/Discount to List
-$150,000
-3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,650,000
Outstanding Balance
$2,377,421
Interest Rate
3.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 6, 2017
Sold by
Kuhio Partnership
Bought by
North County Villages

Purchase Details

Closed on
Aug 24, 2017
Sold by
Oceanside Division Partners Llc
Bought by
Kuhio Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,050,000
Interest Rate
3.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 10, 2003
Sold by
Crown Partners Lp
Bought by
Oceanside Division Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,280,000
Interest Rate
5.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 1, 2001
Sold by
Bachrach Ronald D
Bought by
Crown Partner Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,000
Interest Rate
6.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 3, 2001
Sold by
Mcnamara Thomas W
Bought by
Bachrach Ronald D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,000
Interest Rate
6.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 18, 2001
Sold by
Koby Daniel D
Bought by
Bachrach Ronald D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,000
Interest Rate
6.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 21, 1989

Purchase Details

Closed on
Aug 16, 1988

Purchase Details

Closed on
Mar 7, 1986
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$4,850,000 Chicago Title
North County Villages -- None Available
Kuhio Partnership $3,350,000 Chicago Title Company
Oceanside Division Partners Llc $1,940,000 United Title Company San Die
Crown Partner Lp -- United Title Company
Bachrach Ronald D -- United Title Company
Bachrach Ronald D -- United Title Company
-- $1,200,000 --
-- $758,600 --
-- $587,000 --
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
Open $2,650,000
Previous Owner North County Villages $2,450,000
Previous Owner Kuhio Partnership $2,050,000
Previous Owner Oceanside Division Partners Llc $50,000
Previous Owner Oceanside Division Partners Llc $1,100,000
Previous Owner Oceanside Division Partners Llc $1,280,000
Previous Owner Crown Partner Lp $393,000
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
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

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 $57,587 $5,228,146 $2,706,080 $2,522,066
2025 $57,587 $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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