NOT LISTED FOR SALE

Estimated Value: $1,280,368 - $1,894,000

4 Beds
3 Baths
1,748 Sq Ft
$843/Sq Ft Est. Value

Last Sold November 03, 2022

Last sale price $1,086,250 $621 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $9,280/month

64 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • No Heating
  • Sessions Elementary School Rated A-

About This Home

As of November 2022

Calling all Pacific Beach investors! This centrally located tri-plex offers a configuration of a 1/1, 1/1, and 2/1, and a communal laundry room. Along with recent upgrades, all units are attached under one roof with five designated external parking spaces towards the alley. It has been extremely well maintained and managed through the last 18 years of ownership. This ideal location provides close proximity to freeway access, the beach, the bay, and some of the best restaurants and shops that Pacific Beach has to offer. Whether you're looking for a primary Pacific Beach residence, a vacation home, or a rental investment opportunity, this is not one to miss!

Last Agent to Sell the Property

Joshua Geller

Compass License #02033792 Listed on: 08/22/2022

Compass

Co-Listed By

Myles Dalton-Steinhardt

Willis Allen Real Estate License #02048981

Last Buyer's Agent

Nir Aloni

Aloni Real Estate Group License #01140787

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,648

Year Built

  • Built in 1952

Lot Details

  • 3,131 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • 1,748 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • No Heating

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 854
  • Assessor Parcel Number 4240510300

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $852
  • Insurance Expense $1,919
  • Water Sewer Expense $1,895
  • New Taxes Expense $10,272
  • Operating Expense $17,953
  • Gross Income $31,440
  • Net Operating Income $13,487

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,648

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 0.96
  • Price Per Unit: 450000
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1895.00
  • Zoning: CO-1-2
  • Property Type: Residential Income
  • Parcel Number: 4240510300
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Appliances: No
  • Price Per Square Foot: 621.42

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Individual Room

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 3131.00
  • Lot Size Acres: 0.0719

Multi Family

  • Fuel Expense: 852.00
  • Gross Income: 31440.00
  • Gross Scheduled Income: 31440.00
  • Insurance Expense: 1919.00
  • Lot Size Area: 3131.0000 Square Feet
  • Net Operating Income: 13487.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 17953.00
  • Rent Control: No
  • Total Expenses: 17953.00

Tax Info

  • New Taxes Expense: 10272.00
  • Tax Lot: 7
  • Tax Tract Number: 000854

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2022
Closed on
Nov 22, 2022
Sold by
Elad Shasho Living Trust
Bought by
2025 Garnet Ave Llc
Seller's Agent
Joshua Geller
Compass
Buyer's Agent
Nir Aloni
Aloni Real Estate Group
List Price
$1,495,000
Sold Price
$1,086,250
Premium/Discount to List
-$408,750
-27.34%
Views
23
Current Estimated Value
$1,474,342

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$388,092
Avg. Annual Appreciation
10.29%

Purchase Details

Listed on
Aug 22, 2022
Closed on
Oct 27, 2022
Sold by
Bui Catherine Nguyen
Bought by
Elad Shasho Living Trust
Seller's Agent
Joshua Geller
Compass
Buyer's Agent
Nir Aloni
Aloni Real Estate Group
List Price
$1,495,000
Sold Price
$1,086,250
Premium/Discount to List
-$408,750
-27.34%
Views
23

Purchase Details

Closed on
Nov 15, 2021
Sold by
Ngoc Do Camille
Bought by
Ngoc Bui Catherine

Purchase Details

Closed on
Aug 11, 2004
Sold by
Tavelman Jack
Bought by
Bui Catherine Nguyen and Do Camille Ngoc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 11, 2003
Sold by
Tavelman Dana
Bought by
Tavelman Jack

Purchase Details

Closed on
May 14, 2002
Sold by
Schaller Llc
Bought by
M & L Financial Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
5.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 12, 2000
Sold by
Schaller Properties Llc
Bought by
Schaller Llc

Purchase Details

Closed on
Nov 3, 1999
Sold by
Garnet Properties Llc
Bought by
Schaller Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$639,000
Interest Rate
7.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 14, 1998
Sold by
Gossett Gregory W
Bought by
Garnet Properties Llc

Purchase Details

Closed on
Mar 31, 1997
Sold by
Gossett Gregory W Trust and William
Bought by
Gossett Gregory W

Purchase Details

Closed on
Dec 10, 1996
Sold by
Gossett Gregory W
Bought by
Slattery William

Purchase Details

Closed on
Oct 2, 1992

Purchase Details

Closed on
Dec 18, 1990

Purchase Details

Closed on
Dec 1, 1988
Source: Public Records

Range of Values:

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Average Value
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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
2025 Garnet Ave Llc -- --
Elad Shasho Living Trust $1,086,500 Lawyers Title
Ngoc Bui Catherine -- None Available
Bui Catherine Nguyen $645,000 United Title Company San Die
Tavelman Jack -- United Title Company San Die
Tavelman Jack $450,000 United Title Company San Die
M & L Financial Properties Inc $375,500 United Title Company
Schaller Llc -- --
Schaller Properties Llc $639,000 Commonwealth Land Title Co
Garnet Properties Llc -- Commonwealth Land Title Co
Gossett Gregory W -- First American Title
Slattery William -- First American Title
Gossett Gregory W -- First American Title
-- $272,500 --
-- $173,000 --
-- $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bui Catherine Nguyen $400,000
Previous Owner M & L Financial Properties Inc $262,500
Previous Owner Schaller Llc $353,500
Previous Owner Schaller Properties Llc $639,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2022 11/03/22 Sold $1,086,250 -19.5% $621 / Sq Ft
10/25/2022 10/25/22 Pending -- -- --
10/07/2022 10/07/22 Price Changed $1,350,000 -3.2% $772 / Sq Ft
09/16/2022 09/16/22 Price Changed $1,395,000 -6.7% $798 / Sq Ft
08/22/2022 08/22/22 For Sale $1,495,000 -- $855 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $13,648 $1,107,975 $918,000 $189,975
2023 $13,347 $1,086,250 $900,000 $186,250
2022 $10,342 $847,166 $656,719 $190,447
2021 $10,272 $830,556 $643,843 $186,713
2020 $10,147 $822,041 $637,242 $184,799
2019 $9,967 $805,924 $624,748 $181,176
2018 $9,318 $790,123 $612,499 $177,624
2017 $80 $774,632 $600,490 $174,142
2016 $7,783 $660,000 $496,000 $164,000
2015 $7,080 $600,000 $451,000 $149,000
2014 $6,931 $585,000 $440,000 $145,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2208769

California Regional Multiple Listing Service (CRMLS)

APN: 424-051-03