NOT LISTED FOR SALE

202 Calla Ave Imperial Beach, CA 91932

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

2 Beds
2 Baths
1,149 Sq Ft
$997/Sq Ft Est. Value

Last Sold August 17, 2023

Last sale price $1,150,000 $1,001 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $7,210/month

About This Home

As of August 2023

*Seller’s current 2.5% interest loan is assumable- Seller owes $680,000.* Attention beach lovers! Imagine waking up every morning to the sound of waves crashing and salty sea breeze blowing through your window. Look no further than this beautifully remodeled 2-unit property located just 1 block away from the beach in Imperial Beach. Boasting a prime location and plenty of potential, this property has been recently remodeled with new flooring and fresh paint, making it move-in ready for the lucky new owners. The property consists of two separate units, each with its own private entrance and outdoor space. The property sits on a large lot that offers potential for future development, with space to build two additional dwelling units. This makes it an excellent investment opportunity, with endless possibilities for additional rental income. Overall, this 2-unit property in Imperial Beach is a rare find that offers the perfect combination of location, space, and potential. Don't miss this opportunity to own a piece of paradise.

Last Agent to Sell the Property

Corey Simone

eXp Realty of California, Inc. License #01944488 Listed on: 05/17/2023

eXp Realty of California, Inc.

Co-Listed By

Emily Simone

eXp Realty of California, Inc. License #02007912

Last Buyer's Agent

Corey Simone

eXp Realty of California, Inc. License #01944488 Listed on: 05/17/2023

eXp Realty of California, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,738

Year Built

  • Built in 1951

Lot Details

  • 5,271

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 1-Story Property
  • Property is Fully Fenced

Community Details

  • 2 Units
  • Imperial Beach Community

Listing and Financial Details

  • Tenant pays for sewer, trash, water, cable TV, electricity, gas/propane, hot water
  • Assessor Parcel Number 625-021-16-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,738

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: Silver Strand
  • Neighborhood: Imperial Beach
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 1951
  • 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
  • Fencing: Full
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: Imperial Beach
  • Community: IMPERIAL BEACH

Lot Info

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

Rental Info

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

Multi Family

  • No. of Units: 2
  • Gross Sched Income Actual: 2600
  • Number Of Buildings: 1
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2

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
08/17/2023 08/17/23 Sold $1,150,000 0.0% $1,001 / Sq Ft
05/17/2023 05/17/23 Pending -- -- --
05/17/2023 05/17/23 For Sale $1,150,000 -- $1,001 / 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: 230009248

San Diego MLS

APN: 625-021-16