NOT LISTED FOR SALE
6 Beds
5 Baths
2,250 Sq Ft
1948 Built

Sale Details

Date Sold: March 14, 2022

Last sale price $1,655,551 $736 Per Sq Ft

4 Days on Market

Highlights

  • 1-Story Property
  • Central Air
  • Gated Home
  • Attic Fan

About This Home

As of March 2022

Turnkey high output triplex in San Diego’s most Northern Coastal Beach Town of Oceanside. 4.43% proforma cap rate with just one rent increase! The property has undergone a “to the studs” rehabilitation in 2017-2021 allowing an investor to take over a stabilized property with high-quality tenants or vacate the detached unit to allow for an ideal owner-occupy operation to offset mortgage and other expenses. The duplex interior pictures are shown first which were fully rehabbed in 2021. The last interior pictures are of the detached 2/1 unit, which was fully rehabbed in 2017. Only new wood vinyl flooring would be required in the detached unit to drive top of market rental capability. Please contact Maxwell Brown for the offering memorandum. All new appliances, quartz counters, vinyl plank flooring, dual pane windows, & interior lighting + Dishwashers in all units + In-unit Laundry in all units + Private patios for all units, with ability to extend into large yards + Soundproof Double walls + All appliances high efficiency electric with exclusion of the Water Heaters being gas - Water heaters are 3-6 years old, all still under warranty + Central Large Mini-splits in the Duplex + Gas Heat in the Detached 2/1 Unit + Full new metal fencing with electric gate for easy parking lot access + Private Gated electronic access on street side for Duplex Units + Duplex Prewired for Level 2 car chargers; 30 amps @ 240 volts + Ceiling Fans + Recessed Lighting + 7 on-site gated parking spaces

Last Agent to Sell the Property

Allen Chitayat

CBRE License #00894356 Listed on: 01/24/2022

Last Buyer's Agent

Sander Harth

Compass License #01916223

Compass
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1948

Parking

  • Automatic Gate

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property
  • Attic Fan

Lot Details

  • Gated Home
  • Property is Fully Fenced

Utilities

  • Central Air

Listing and Financial Details

  • Tenant pays for sewer, trash, water, electricity, gas/propane, hot water
  • Assessor Parcel Number 150-142-13-00

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Net Operating Income $59,954

Property Details

Home Type

Multi-Family

Year Built

1948

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Coastal North
  • Cross Street: Grant
  • Neighborhood: Oceanside
  • Supplement: All new appliances, quartz counters, vinyl plank flooring, dual pane windows, & interior lighting + Dishwashers in all units + In-unit Laundry in all units + Private patios for all units, with ability to extend into large yards + Soundproof Double walls + All appliances high efficiency electric with exclusion of the Water Heaters being gas - Water heaters are 3-6 years old, all still under warranty + Central Large Mini-splits in the Duplex + Gas Heat in the Detached 2/1 Unit + Full new metal fencing with electric gate for easy parking lot access + Private Gated electronic access on street side for Duplex Units + Duplex Prewired for Level 2 car chargers; 30 amps @ 240 volts + Ceiling Fans + Recessed Lighting + 7 on-site gated parking spaces
  • LP / Sq Ft: 22.59
  • Stories: 1 Story
  • Sale Price List Price: 1.09
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1948

Exterior Features

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

Utilities

  • Cooling: Attic Fan, Central Forced Air
  • Security: Automatic Gate

Condo/Co-op/Association

  • Community: OCEANSIDE

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 150-142-13-00

Rental Info

  • Tenant Pays: Sewer, Trash, Water, Electricity, Gas/Propane, Hot Water

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 59954
  • Gross Rent Multiplier Actual: 17.02
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Dryers: 3
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3

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
Jan 24, 2022
Closed on
Feb 8, 2022
Sold by
Daniel S Mcswain Trust
Bought by
Seller's Agent
Allen Chitayat
CBRE
Buyer's Agent
Sander Harth
Compass
List Price
$1,525,000
Sold Price
$1,655,551
Premium/Discount to List
$130,551
8.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,241,663
Outstanding Balance
$1,138,994
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 2012
Sold by
Mcswain Daniel
Bought by
Mcswain Daniel S and The Daniel S Mcswain Trust

Purchase Details

Closed on
Aug 24, 2011
Sold by
Federal National Mortgage Association
Bought by
Mcswain Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
4.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 25, 2010
Sold by
Vasquez Lazaro M
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 27, 2006
Sold by
Garrie Joseph W and Garrie Charito M
Bought by
Vasquez Lazaro M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
7.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 15, 2005
Sold by
Talukder Mohammed S and Talukder Fahmina
Bought by
Garrie Joseph W and Garrie Charito M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,000
Interest Rate
5.32%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 21, 2005
Sold by
Quan Raymond J and Quan Nancy
Bought by
Garrie Joseph W and Garrie Charito M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,000
Interest Rate
5.32%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 21, 2004
Sold by
Quan Raymond J
Bought by
Quan Raymond J and Quan Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.97%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 27, 2002
Sold by
Quan Raymond J
Bought by
Quan Raymond J and Raymond J Quan Revocable Trust

Purchase Details

Closed on
Oct 24, 1990
Sold by
Quan Anita Y
Bought by
Quan Raymond J
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
$1,656,000 Chicago Title
Mcswain Daniel S -- None Available
Mcswain Daniel $260,000 Lsi Title Company
Federal National Mortgage Association $376,700 Landsafe Title
Vasquez Lazaro M $600,000 Fidelity National Title Co
Garrie Joseph W $50,000 --
Garrie Joseph W $490,000 Fidelity National Title San
Quan Raymond J -- --
Quan Raymond J -- --
Quan Raymond J -- --
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 $1,241,663
Previous Owner Mcswain Daniel $195,000
Previous Owner Vasquez Lazaro M $480,000
Previous Owner Garrie Joseph W $450,000
Previous Owner Garrie Joseph W $343,000
Previous Owner Quan Raymond J $100,000
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
03/14/2022 03/14/22 Sold $1,655,551 +8.6% $736 / Sq Ft
01/29/2022 01/29/22 Pending -- -- --
01/24/2022 01/24/22 For Sale $1,525,000 -- $678 / 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 $19,714 $1,792,019 $1,445,642 $346,377
2025 $19,339 $1,756,883 $1,417,297 $339,586
2024 $19,339 $1,722,435 $1,389,507 $332,928
2023 $18,744 $1,688,662 $1,362,262 $326,400
2022 $4,526 $400,731 $215,412 $185,319
2021 $3,507 $301,698 $211,189 $90,509
2020 $3,400 $298,605 $209,024 $89,581
2019 $3,303 $292,751 $204,926 $87,825
2018 $3,268 $287,011 $200,908 $86,103
2017 $3,208 $281,384 $196,969 $84,415
2016 $3,104 $275,867 $193,107 $82,760
2015 $3,014 $271,724 $190,207 $81,517
2014 $2,901 $266,403 $186,482 $79,921
Source: Public Records

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Map

Source: San Diego MLS

MLS Number: 220001523

San Diego MLS

APN: 150-142-13-00

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