NOT LISTED FOR SALE

2203 Reo Dr San Diego, CA 92139

Paradise Hills Neighborhood
4 Beds
2 Baths
1,652 Sq Ft
8,718 Sq Ft Lot

Last Sold July 06, 2023

Last sale price $866,000 $524 Per Sq Ft

108 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Laundry Room
  • Lawn

About This Home

As of July 2023

Perfect for multi-family or investor! Acquire 2 recently updated units, located on a corner parcel in Paradise Hills. The single-family home features: 3 bedrooms, 1 bath, a fireplace, inside laundry, private patio and driveway for 4 cars. The second unit is a 1 bedroom on top of a 2-car garage, with a balcony and 2-car driveway. Each unit is autonomous with separate driveways and entrances. Situated close to shopping, the post office and grocery store for convenient everyday living. Plus, easy access to the 805, I-15, and 54 freeways. Also - very short drives to downtown or the beach. This is a fantastic opportunity!

Last Agent to Sell the Property

Bob Strausheim

Berkshire Hathaway HomeService License #00611168 Listed on: 02/18/2023

Berkshire Hathaway HomeService

Last Buyer's Agent

Keaton English

Acropolis Enterprise License #02026461

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 8,718 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Lawn

Parking

  • 2 Car Garage

Home Design

  • 1,652 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 1 / 10
  • Tax Tract Number 1936
  • Assessor Parcel Number 5871130100

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Paradise Hills Subdivision

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,000
  • Insurance Expense $2,200
  • Professional Management Expense $4,140
  • Water Sewer Expense $1,500
  • New Taxes Expense $8,500
  • Operating Expense $17,340
  • Gross Income $46,140
  • Net Operating Income $39,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 430000
  • Professional Management Expense: 4140.00
  • Property Attached: No
  • Subdivision Name Other: Paradise Hills
  • Water Sewer Expenses: 1500.00
  • Zoning: R2 minor
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1000.00
  • Parcel Number: 5871130100
  • Year Built: 1957
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 524.21

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Land Lease: No
  • Lot Features: Corner Lot, Lawn
  • Lot Size Sq Ft: 8718.00
  • Lot Size Acres: 0.2001

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 532
  • Average3 Bed Area: 1100
  • Gross Income: 46140.00
  • Gross Scheduled Income: 46140.00
  • Insurance Expense: 2200.00
  • Lot Size Area: 8718.0000 Square Feet
  • Net Operating Income: 39500.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Number With Refrigerator: 1
  • Operating Expense: 6640.00
  • Rent Control: No
  • Total Actual Rent: 3845.00
  • Total Expenses: 17340.00

Tax Info

  • New Taxes Expense: 8500.00
  • Tax Block: 10
  • Tax Lot: 1
  • Tax Tract Number: 1936

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2023 07/06/23 Sold $866,000 +0.7% $524 / Sq Ft
05/03/2023 05/03/23 Price Changed $860,000 +1.2% $521 / Sq Ft
02/18/2023 02/18/23 For Sale $850,000 -- $515 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Bob Strausheim

    Seller's Agent in 2023

    Bob Strausheim

    Berkshire Hathaway HomeService

    (949) 874-0300

    1 in this area

    89 Total Sales

    Bob Strausheim
    Section Image
  • Keaton English

    Buyer's Agent in 2023

    Keaton English

    Acropolis Enterprise

    (858) 866-4222

    4 in this area

    326 Total Sales

    Keaton English
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23026267

California Regional Multiple Listing Service (CRMLS)

APN: 587-113-01-00

California San Diego County San Diego 92139 Paradise Hills

2203 Reo Dr, San Diego, CA

This home is located at 2203 Reo Dr, San Diego, CA 92139 since 18 February 2023. This property was built in 1957. 2203 Reo Dr is a home located in San Diego County with nearby schools including Paradise Hills Elementary School, Bell Middle School, and Morse High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes