NOT LISTED FOR SALE

202-4 Calla Ave Imperial Beach, CA 91932

Estimated Value: $988,000 - $1,253,000

2 Beds
2 Baths
1,000 Sq Ft
$1,145/Sq Ft Est. Value

Last Sold January 08, 2021

Last sale price $715,000 $715 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $7,210/month

6 Days on Market

About This Home

As of January 2021

Small duplex close to the beach. Units need some love but has great potential.

Last Agent to Sell the Property

Brian McCray

Spirit Realty Inc. License #01862014 Listed on: 07/21/2020

Last Buyer's Agent

Amelia Armendariz

California Online Properties License #01708412

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,738

Year Built

  • Built in 1940

Lot Details

  • 5,271

Home Design

  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 625-021-16-00

Community Details

Overview

  • 2 Units
  • Silver Strand Beach Gardens Community

Building Details

  • Net Operating Income $13,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,738

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: Seacoast Dr
  • Neighborhood: Imperial Beach
  • LP / Sq Ft: 22.73
  • Stories: 1 Story
  • Sale Price List Price: 0.95
  • Total Stories: 1
  • Year Built: 1940
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco

Condo/Co-op/Association

  • Complex Name: Silver Strand Beach Gardens
  • Community: IMPERIAL BEACH
  • Manager Name: Matthew Schwimmer

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 625-021-16-00

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 13200
  • Annual Expense Actual: 2400
  • Annual Expense Projected: 3000
  • Gross Rent Multiplier Actual: 21.0
  • Gross Sched Income Actual: 15600
  • Gross Sched Income Projected: 36000
  • Number Of Buildings: 1
  • Number Of Units With Dryers: 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
Jun 6, 2023
Sold by
Zazueta John Lee and Zazueta John Lee
Bought by
V8 Holdings Limited Liability Company
Current Estimated Value
$1,113,036

Purchase Details

Closed on
Oct 28, 2022
Sold by
Zazueta John Lee
Bought by
Zazueta John Lee and Zazueta John Lee

Purchase Details

Closed on
Aug 5, 2020
Sold by
Schwimmer Matthew Fernandez and Estate Of Lawrence Carpenter S
Bought by
Zazueta John Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$702,049
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2009
Sold by
Schwimmer Lawrence
Bought by
Schwimmer Lawrence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.92%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Sep 9, 2000
Sold by
Schwimmer Grace F
Bought by
Schwimmer Lawrence

Purchase Details

Closed on
Dec 17, 1993
Sold by
Schwimmer Lawrence
Bought by
Schwimmer Lawrence and Schwimmer Grace F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,500
Interest Rate
7.09%
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
V8 Holdings Limited Liability Company $1,150,000 Fidelity National Title
Zazueta John Lee -- --
Zazueta John Lee $715,000 First American Title Company
Schwimmer Lawrence -- Lawyers Title
Schwimmer Lawrence -- --
Schwimmer Lawrence -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zazueta John Lee $100,000
Previous Owner Zazueta John Lee $702,049
Previous Owner Zazueta John Lee $702,049
Previous Owner Schwimmer Lawrence $600,000
Previous Owner Schwimmer Lawrence $20,000
Previous Owner Schwimmer Lawrence $114,000
Previous Owner Schwimmer Lawrence $115,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2021 01/08/21 Sold $715,000 -4.7% $715 / Sq Ft
07/28/2020 07/28/20 Pending -- -- --
07/21/2020 07/21/20 For Sale $750,000 -- $750 / 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 $13,738 $1,173,000 $969,000 $204,000
2024 $13,738 $1,150,000 $950,000 $200,000
2023 $9,311 $743,886 $587,826 $156,060
2022 $9,027 $729,300 $576,300 $153,000
2021 $2,046 $133,686 $58,567 $75,119
2020 $1,855 $132,316 $57,967 $74,349
2019 $1,870 $129,723 $56,831 $72,892
2018 $2,302 $127,180 $55,717 $71,463
2017 $140 $124,687 $54,625 $70,062
2016 $1,846 $122,243 $53,554 $68,689
2015 $1,795 $120,408 $52,750 $67,658
2014 $1,773 $118,050 $51,717 $66,333
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 200034231

San Diego MLS

APN: 625-021-16