NOT LISTED FOR SALE

Estimated Value: $1,557,000 - $1,712,000

0.14 Acre
$11,331,410 Price per Acre
6,301 Sq Ft Lot

Last Sold March 13, 2025

Last sale price $1,695,000 $3,139 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $9,766/month

1 Day on Market

Highlights

  • No HOA
  • Neighborhood Views
  • Rectangular Lot
  • Sessions Elementary School Rated A

About This Lot

As of March 2025

DEVELOPMENT SITE WITH APPROVED PLANS. This level rectangular 6,301 sf lot in Pacific Beach has alley access and features approved plans for constructing four spacious shop-keeper townhomes and two accessory dwelling units (ADU’s), totaling 10,508 sf of (to-be-built) livable space. Each townhome, averaging 2,036 sf, is designed over three levels: 1st Level: An open area with a complete kitchen and full bath, averaging 692 sf; 2nd Level: Contains a kitchen, living area, full bath, and a bedroom; 3rd Level: Includes two large bedrooms, each with an en-suite bathroom. The combined average size for the second and third levels is 1,344 sf. The ADU’s are 2-bedroom, 2-bath units, each averaging 1,182 sf. The project also provides four at-grade parking spots accessible from the alley. Zoning is CO 1-2 and is located within complete communities. Garnet Ave, lined with restaurants, shops and coffee shops, provides a direct route to the beach (1.5 miles to the west of the subject property). Mission Bay, its boardwalk & parks, are less than 1 mile away.

Last Agent to Sell the Property

Tommy Crudo

Compass Brokerage Email: tc@crudorealestate.com License #01468953 Listed on: 01/26/2025

Compass

Last Buyer's Agent

Chris J. Luna

Backyard Brokerage Inc. License #02082702

Property Details

Property Type

  • Land

Lot Details

  • 6,301 Sq Ft Lot
  • Lot Dimensions are 50 x 126
  • Rectangular Lot
  • Level Lot
  • Property is zoned CO 1-2 Complete Communities

Property Views

  • Neighborhood Views

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4240511100
  • Seller Considering Concessions

Property Details

Property Type

Land

Lot Details

6,301 Sq Ft Lot

Listing Details

  • Assessments: No
  • Improvements: Currently improved with an old house from the 1920's.
  • Possible Use Comments: Property has approved plans to build 4 large townhomes + 2 ADU's.
  • View: Yes
  • Zoning: CO 1-2 Complete Communities
  • Property Type: Land
  • Parcel Number: 4240511100
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 269.00

Exterior Features

  • View: Neighborhood
  • Fence: No

Utilities

  • Sewer: Public Sewer

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Features: Level with Street, Rectangular Lot
  • Lot Size: 50 X 126
  • Lot Size Sq Ft: 6301.00
  • Lot Size Acres: 0.1447

Multi Family

  • Lot Size Area: 6301.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2025
Closed on
Feb 10, 2025
Sold by
Artemis Garnet Llc
Bought by
2061 Garnet Llc
Seller's Agent
Tommy Crudo
Compass
Buyer's Agent
Chris J. Luna
Backyard Brokerage Inc.
List Price
$1,695,000
Sold Price
$1,695,000
Views
17
Current Estimated Value
$1,639,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$55,345
Avg. Annual Appreciation
-3.20%
Original Mortgage
$4,285,222
Outstanding Balance
$3,096,107
Interest Rate
6.95%
Mortgage Type
Construction
Estimated Equity
-$1,456,452

Purchase Details

Closed on
Aug 11, 2022
Sold by
Matthew Desantis
Bought by
Artemis Garnet Llc

Purchase Details

Closed on
Nov 30, 2020
Sold by
Desantis Matthew and Loma De Santis Trust
Bought by
Desantis Matthew

Purchase Details

Closed on
Apr 11, 2019
Sold by
Desantis Loma De
Bought by
The Loma De Santis Trust

Purchase Details

Closed on
Feb 5, 2018
Sold by
Desantis Matthew De and The Willamae M Heitman Trust
Bought by
Desantis Loma

Purchase Details

Closed on
Oct 19, 1995
Sold by
Heitman Willamae M
Bought by
Heitman Willamae M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
2061 Garnet Llc $1,695,000 Lawyers Title Company
Artemis Garnet Llc $1,090,000 --
Desantis Matthew -- None Available
The Loma De Santis Trust -- None Available
Desantis Loma -- None Available
Heitman Willamae M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2061 Garnet Llc $4,285,222
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2025 03/13/25 Sold $1,695,000 0.0% $3,139 / Sq Ft
01/27/2025 01/27/25 Pending -- -- --
01/26/2025 01/26/25 For Sale $1,695,000 -- $3,139 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $13,689 $1,134,036 $1,087,218 $46,818
2024 $13,689 $1,111,800 $1,065,900 $45,900
2023 $13,387 $84,415 $78,564 $5,851
2022 $1,060 $84,415 $78,564 $5,851
2021 $1,053 $82,761 $77,024 $5,737
2020 $1,040 $81,914 $76,235 $5,679
2019 $1,022 $714,000 $688,500 $25,500
2018 $957 $78,735 $73,276 $5,459
2017 $934 $77,192 $71,840 $5,352
2016 $918 $75,680 $70,432 $5,248
2015 $905 $74,545 $69,375 $5,170
2014 $892 $73,086 $68,017 $5,069
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2500867

California Regional Multiple Listing Service (CRMLS)

APN: 424-051-11

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