NOT LISTED FOR SALE

Estimated Value: $1,908,724 - $2,012,000

3 Beds
2 Baths
2,032 Sq Ft
$965/Sq Ft Est. Value

Last Sold January 11, 2022

Last sale price $1,675,000 $824 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $12,026/month

77 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Fireplace
  • Gated Home
  • Corner Lot
  • Community Barbecue Grill
  • Level Lot

About This Home

As of January 2022

Restored historic Irving Gill Duplex in the heart of Bankers Hill. This 4,731 Sqft corner lot boasts city & harbor views and was completely remodeled in 2010. The upstairs unit has been operating as an Airbnb for the last 2 years generating $8,000 per month on average. The downstairs unit is owner-occupied with a market rate of $2,750 per month. The property features a large, gated backyard, oversized balcony, partially finished basement, and detached 1 car garage. Only 3 blocks away from Little Italy, minutes from Balboa Park & Downtown. Financials for Airbnb are available upon request. The property also serves as a fantastic development opportunity as the property is zoned for 4 units.

Last Agent to Sell the Property

Mike Poehler

CityMark Realty License #01996923 Listed on: 08/02/2021

Co-Listed By

mike wentz

CityMark Realty License #02034576

Last Buyer's Agent

Shuxian Feng

Alliance Bay Realty License #02049318

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,352

Year Built

  • Built in 1910

Lot Details

  • 4,731 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • Gated Home
  • Property is Fully Fenced
  • Corner Lot
  • Level Lot
  • Sprinklers on Timer

Property Views

  • Bay
  • Panoramic
  • City Lights
  • Mountain

Home Design

  • Rolled or Hot Mop Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Wired For Data
  • Fireplace

Utilities

  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 533-155-05-00

Community Details

Overview

  • 2 Units
  • Bankers Hill Community

Additional Features

  • Community Barbecue Grill
  • Net Operating Income $95,712

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,352

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: W Ivy St
  • Neighborhood: Bankers Hill
  • Stories: 2 Story
  • Sale Price List Price: 0.93
  • Total Stories: 2
  • Year Built: 1910
  • 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, Gate
  • Frontage: Bay
  • Roof: Rolled/Hot Mop
  • View: Bay, City, Evening Lights, Mountains/Hills, Panoramic

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Electric
  • Telecommunications: Wired High Speed Internet
  • Heat Equipment: Fireplace, Forced Air Unit

Condo/Co-op/Association

  • Complex Name: Bankers Hill
  • Community: SAN DIEGO
  • Complex Features: BBQ
  • Manager Name: Mike Poehler
  • Manager Phone: 619-991-0551

Lot Info

  • Irrigation: Automatic, Sprinklers
  • Lot Size: 4,000-7,499 SF
  • Site: Corner Lot
  • Topography: Level, Slope Gentle
  • Assessor Parcel Number: 533-155-05-00
  • Estimated Lot Sq Ft: 4731

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 95712
  • Annual Expense Actual: 25428
  • Gross Rent Multiplier Actual: 16.5
  • Gross Sched Income Actual: 121140
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Dryers: 1
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 1
  • Other Income Projected: 150.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 2, 2019
Sold by
Maresca Christopher and Duscheone Deniece D
Bought by
Maresca Christopher and Duscheone Deniece D
Current Estimated Value
$1,911,081

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$523,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 2, 2004
Sold by
Nelson Tecla M
Bought by
Maresca Christopher and Duscheone Deniece D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$632,000
Interest Rate
5.25%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jun 25, 1985

Purchase Details

Closed on
Aug 30, 1983
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
Maresca Christopher -- First American Title
Maresca Christopher $790,000 New Century Title Company
-- $164,500 --
-- $109,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maresca Christopher $525,000
Closed Maresca Christopher $523,000
Previous Owner Maresca Christopher $632,000
Previous Owner Nelson Tecla M $222,000
Previous Owner Nelson Tecla M $190,000
Previous Owner Nelson Tecla M $168,000
Closed Maresca Christopher $158,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2022 01/11/22 Sold $1,675,000 -6.9% $824 / Sq Ft
10/19/2021 10/19/21 Pending -- -- --
09/21/2021 09/21/21 Price Changed $1,799,000 -2.7% $885 / Sq Ft
08/26/2021 08/26/21 Price Changed $1,849,000 -7.5% $910 / Sq Ft
08/02/2021 08/02/21 For Sale $1,999,000 -- $984 / 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 $19,352 $1,777,522 $1,273,449 $504,073
2024 $19,352 $1,742,670 $1,248,480 $494,190
2023 $18,991 $1,708,500 $1,224,000 $484,500
2022 $12,569 $1,037,595 $919,389 $118,206
2021 $12,482 $1,017,251 $901,362 $115,889
2020 $12,061 $985,000 $869,000 $116,000
2019 $11,651 $950,000 $839,000 $111,000
2018 $10,522 $900,000 $795,000 $105,000
2017 $9,541 $820,000 $725,000 $95,000
2016 $9,342 $800,000 $708,000 $92,000
2015 $9,344 $800,000 $708,000 $92,000
2014 $9,085 $775,000 $686,000 $89,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210021845

San Diego MLS

APN: 533-155-05