$777,500
SOLD MAR 29, 2013
5 Beds
3 Baths
2,164 Sq Ft
6,251 Sq Ft Lot

Recently Sold

$359 Per Sq Ft

4% Below List Price

3 Days on Market

Highlights

  • 1-Story Property
  • Partially Fenced Property
  • Wood Siding
  • Pacific Beach Elementary School Rated A-
  • Level Lot
  • West of 5 Freeway

About This Home

As of August 2023

This property is close to beach, shopping, bus, & freeways in the wonderful community of Pacific Beach. Use as rentals as they stand or develop property. The size of the lot could support luxury condos, & due to the location of other multi-family developments in nearby vicinity, a possibility for greater density than current zoning exists. Church & school across street & 8 unit condo conversion next door. Buyer must investigate with City/County.

Last Agent to Sell the Property

Linda Sommers

Linda Jane Sommers, Broker License #01258684 Listed on: 02/17/2013

Last Buyer's Agent

Kenneth Rubin

Professional Realty License #00686185

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,225

Year Built

  • 1950

Lot Details

  • 6,251 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Parking

  • Alley Access

Home Design

  • Composition Roof
  • Wood Siding
  • 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

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane, hot water
  • Assessor Parcel Number 423-082-23-00

Community Details

Overview

  • 2 Buildings
  • 2 Units

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,225

Year Built

1950

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Coastal South
  • Cross Street: Gresham
  • Neighborhood: Pacific Beach
  • Miscellaneous: Value in Land
  • Stories: 1 Story
  • Sale Price List Price: 0.96
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1950

Exterior Features

  • Exterior Material: Stucco, Wood
  • 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

  • Pets Allowed: Yes
  • Community: PACIFIC BEACH

Schools

  • School District URL: https://www.sandiegounified.org/

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Curbs, Public Street, Sidewalks, Street Paved, West of I-5
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: 3
  • Assessor Parcel Number: 423-082-23-00
  • Land Use Code: MFD
  • Estimated Lot Sq Ft: 6251

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane, Hot Water

Multi Family

  • No. of Units: 2
  • Annual Expense Actual: 39000
  • Gross Sched Income Actual: 15600
  • Gross Sched Income Projected: 51600
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Dryers: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2023
Closed on
Jul 13, 2023
Sold by
Coakley Michelle Marie and Coakley Brett Adam
Bought by
Gerry Benjamin Michael and Cohen Mia Bianca
Seller's Agent
Kathleen Gelcich
Pacific Sotheby's International Realty
Buyer's Agent
Courtney Valletta
Real Broker
List Price
$1,399,000
Sold Price
$1,400,000
Premium/Discount to List
$1,000
0.07%
Views
79
Current Estimated Value
$1,465,305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,305
Avg. Annual Appreciation
2.48%
Original Mortgage
$980,000
Outstanding Balance
$961,107
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$507,070

Purchase Details

Listed on
Mar 28, 2017
Closed on
Jul 5, 2017
Sold by
Dlkr One Llc
Bought by
Coakley Michelle Marie and Coakley Brett Adam
Seller's Agent
David Zvaifler
Pacific Pines Real Estate
Buyer's Agent
Kathleen Gelcich
Pacific Sotheby's International Realty
List Price
$839,900
Sold Price
$820,000
Premium/Discount to List
-$19,900
-2.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.23%
Original Mortgage
$779,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 8, 2017
Sold by
Upward Trend Llc
Bought by
Dlkr One Llc

Purchase Details

Closed on
May 19, 2016
Sold by
Upward Trend Llc
Bought by
Upward Trend Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,505,000
Interest Rate
3.58%
Mortgage Type
Construction

Purchase Details

Listed on
Feb 17, 2013
Closed on
Feb 21, 2013
Sold by
Stagg David B
Bought by
Upward Trend Llc
Seller's Agent
Linda Sommers
Linda Jane Sommers, Broker
Buyer's Agent
Kenneth Rubin
Professional Realty
List Price
$810,000
Sold Price
$777,500
Premium/Discount to List
-$32,500
-4.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.30%

Purchase Details

Closed on
May 23, 1996
Sold by
Coleman Cecil E
Bought by
Stagg David and Stagg Bonnie R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,800
Interest Rate
8.09%
Mortgage Type
Commercial
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,400,000 First American Title
Grant Deed $820,000 Orange Coast Title Co
Grant Deed -- Orange Coast Title Co
Interfamily Deed Transfer -- Old Republic Title
Grant Deed $777,500 Chicago Title Company
Grant Deed $235,000 Benefit Land Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $980,000 New Conventional
Previous Owner $770,000 New Conventional
Previous Owner $701,500 New Conventional
Previous Owner $749,000 New Conventional
Previous Owner $779,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,505,000 Construction
Previous Owner $187,800 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2023 08/10/23 Sold $1,400,000 +0.1% $831 / Sq Ft
07/18/2023 07/18/23 Pending -- -- --
07/01/2023 07/01/23 For Sale $1,399,000 0.0% $830 / Sq Ft
10/06/2020 10/06/20 Rented $3,950 0.0% --
10/01/2020 10/01/20 For Rent $3,950 0.0% --
07/21/2017 07/21/17 Sold $820,000 -2.4% $487 / Sq Ft
03/27/2017 03/27/17 Pending -- -- --
03/20/2017 03/20/17 For Sale $839,900 +8.0% $498 / Sq Ft
03/29/2013 03/29/13 Sold $777,500 -4.0% $359 / Sq Ft
02/20/2013 02/20/13 Pending -- -- --
02/17/2013 02/17/13 For Sale $810,000 -- $374 / 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
2024 $17,225 $1,400,000 $1,000,000 $400,000
2023 $11,017 $896,787 $492,139 $404,648
2022 $10,725 $879,204 $482,490 $396,714
2021 $10,651 $861,966 $473,030 $388,936
2020 $10,522 $853,128 $468,180 $384,948
2019 $10,335 $836,400 $459,000 $377,400
2018 $9,662 $820,000 $450,000 $370,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 130008221

San Diego MLS

APN: 423-082-23-02