NOT LISTED FOR SALE

Estimated Value: $755,995 - $973,000

4 Beds
2 Baths
1,352 Sq Ft
$662/Sq Ft Est. Value

Last Sold September 19, 2016

Last sale price $475,000 $351 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $5,295/month

27 Days on Market

Highlights

  • Corner Lot
  • Partially Fenced Property
  • 1-Story Property

About This Home

As of September 2016

Great investment opportunity with MAJOR upward potential in rent in both units. Single story duplex on large corner lot located on a quiet street close to shopping, schools and freeways. The two 2 bd/1 bath units mirror each other and each contain hardwood floors, 1 car garage, individual laundry rooms, refrigerator, gas range, wall heaters. One unit has private patio. Both units occupied by long term tenants. Property zoned R-3. Traditional sale! Looking to sell quick!!!

Last Agent to Sell the Property

Peter Giacalone

ENG Properties License #01924397 Listed on: 07/19/2016

Co-Listed By

Katy Sullivan

ENG Properties License #01925534

Last Buyer's Agent

Minerva Garcia

Coldwell Banker West License #01301915

Coldwell Banker West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,352

Year Built

  • Built in 1952

Lot Details

  • 4,638 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Level Lot

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Wired For Data

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for water, cable TV, electricity, gas/propane
  • Assessor Parcel Number 565-220-05-00

Community Details

Overview

  • 2 Units
  • N/K Community

Building Details

  • Net Operating Income $8,739

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,352

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: Flower Street
  • Neighborhood: Chula Vista
  • LP / Sq Ft: 26.4
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 1952
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Wired High Speed Internet
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: n/k
  • Community: CHULA VISTA
  • Manager Name: ENG Properties
  • Manager Phone: 6195740532

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Corner Lot, Public Street, Sidewalks
  • Topography: Level
  • Water District: SWEETWATER AUTHORITY
  • Zoning: R-3:RESTRI
  • Assessor Parcel Number: 565-220-05-00
  • Land Use Code: R-3
  • Estimated Lot Sq Ft: 4638
  • Water District URL: http://www.sweetwater.org
  • Estimated Number of Acres: 0.11

Rental Info

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

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 8739
  • Annual Expense Actual: 14409
  • Annual Expense Projected: 14409
  • Gross Rent Multiplier Actual: 19.79
  • Gross Rent Multiplier Projected: 14.66
  • Gross Sched Income Actual: 24000
  • Gross Sched Income Projected: 32400
  • Number Of Buildings: 1
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 26, 2018
Sold by
Lim Francisco D and Lim Margaret S
Bought by
Lim Francisco D and Lim Margaret S
Current Estimated Value
$894,499

Purchase Details

Listed on
Jul 19, 2016
Closed on
Aug 31, 2016
Sold by
Rosa Tonya
Bought by
Rosa Joseph Francis
Seller's Agent
Peter Giacalone
ENG Properties
Buyer's Agent
Minerva Garcia
Coldwell Banker West
List Price
$505,000
Sold Price
$475,000
Premium/Discount to List
-$30,000
-5.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.27%
Original Mortgage
$356,250
Outstanding Balance
$285,329
Interest Rate
3.43%
Mortgage Type
New Conventional
Estimated Equity
$535,300

Purchase Details

Listed on
Jul 19, 2016
Closed on
Aug 19, 2016
Sold by
Rosa Joseph Francis
Bought by
Lim Francisco D and Lim Margaret S
Seller's Agent
Peter Giacalone
ENG Properties
Buyer's Agent
Minerva Garcia
Coldwell Banker West
List Price
$505,000
Sold Price
$475,000
Premium/Discount to List
-$30,000
-5.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Outstanding Balance
$285,329
Interest Rate
3.43%
Mortgage Type
New Conventional
Estimated Equity
$535,300

Purchase Details

Closed on
May 11, 2016
Sold by
Villa Teresa Rosa
Bought by
Rosa Joseph Francis

Purchase Details

Closed on
Jul 14, 2003
Sold by
Kushnir Yaroslav and Kushnir Suzanne
Bought by
Rosa Angela

Purchase Details

Closed on
Aug 6, 1999
Sold by
Yaroslav Kushnir and Yaroslav Suzanne M
Bought by
Kushnir Yaroslav and Kushnir Suzanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
7.7%

Purchase Details

Closed on
Mar 26, 1986
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
Lim Francisco D -- None Available
Rosa Joseph Francis -- Fidelity National Title
Lim Francisco D $475,000 Fidelity National Title
Rosa Joseph Francis -- None Available
Rosa Angela $425,000 Commonwealth Land Title Co
Kushnir Yaroslav -- Southland Title
-- $97,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lim Francisco D $356,250
Previous Owner Kushnir Yaroslav $108,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2016 09/19/16 Sold $475,000 0.0% $351 / Sq Ft
08/15/2016 08/15/16 Pending -- -- --
08/04/2016 08/04/16 Price Changed $475,000 -5.9% $351 / Sq Ft
07/19/2016 07/19/16 For Sale $505,000 -- $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
2025 $6,352 $551,273 $290,145 $261,128
2024 $6,352 $540,464 $284,456 $256,008
2023 $6,266 $529,868 $278,879 $250,989
2022 $6,086 $519,479 $273,411 $246,068
2021 $5,945 $509,294 $268,050 $241,244
2020 $5,803 $504,073 $265,302 $238,771
2019 $5,653 $494,190 $260,100 $234,090
2018 $5,566 $484,500 $255,000 $229,500
2017 $10 $475,000 $250,000 $225,000
2016 $5,831 $510,312 $240,203 $270,109
2015 $5,748 $502,647 $236,595 $266,052
2014 $5,652 $492,802 $231,961 $260,841
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 160039651

San Diego MLS

APN: 565-220-05