NOT LISTED FOR SALE

Estimated Value: $752,000 - $775,245

8 Beds
8 Baths
4,098 Sq Ft
$186/Sq Ft Est. Value

Last Sold June 04, 2021

Last sale price $2,310,000 $564 Per Sq Ft

Current estimated payment $4,780/month

11 Days on Market

Highlights

  • Laundry Facilities
  • Ocean Beach Elementary School Rated A
  • 4-minute walk to Collier Neighborhood Park

About This Home

As of June 2021

Fantastic Fourplex in Point Loma! Four large two bedroom condo units, each with their own APN, and garage. All units have view balconies. Upgraded ventilation and multiple pane windows installed through San Diego Quieter Homes Program. Rents well in current condition and also great upside opportunity for a remodel and increased rents. Also, unique opportunity for Buyer to formalize HOA and operate or sell as condos. Close to all with neighborhood feel, near Ocean Beach, community parks and shopping. Listing Broker makes no warranties, expressed or implied, as to the veracity of Sellers' representations or any information or information obtained from third parties. Square footage & year built approximate and taken from assessor's records and public data. Unit sizes are approximate. Selling Broker, Agent & Buyer shall verify all facts pertaining to the property, including but not limited to: condition, unit size, lot dimensions, lot lines, square footage, permits, taxes, encroachments, easements, entitlements, zoning, rents, financial calculations and projections and other restrictions. All information herein deemed reliable, but not guaranteed.

Last Agent to Sell the Property

David Zvaifler

Pacific Pines Real Estate License #01901432 Listed on: 04/22/2021

Last Buyer's Agent

Tracie Kersten

Compass License #01137669

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,558

Year Built

  • Built in 1989

Lot Details

  • 6,626

Home Design

  • Composition Roof
  • Stucco Exterior

Utilities

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

Additional Features

  • 3-Story Property
  • 6,626 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for water, electricity, gas/propane
  • Assessor Parcel Number 449-102-12-00

Community Details

Overview

  • 4 Units
  • Loma Alta Community

Additional Features

  • Laundry Facilities
  • Net Operating Income $67,189

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,558

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Voltaire St
  • Neighborhood: Point Loma Heights
  • Supplement: Listing Broker makes no warranties, expressed or implied, as to the veracity of Sellers' representations or any information or information obtained from third parties. Square footage & year built approximate and taken from assessor's records and public data. Unit sizes are approximate. Selling Broker, Agent & Buyer shall verify all facts pertaining to the property, including but not limited to: condition, unit size, lot dimensions, lot lines, square footage, permits, taxes, encroachments, easements, entitlements, zoning, rents, financial calculations and projections and other restrictions. All information herein deemed reliable, but not guaranteed.
  • LP / Sq Ft: 25.65
  • Stories: 3 Story
  • Sale Price List Price: 1.0
  • Total Stories: 3
  • Year Built: 1989
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Prkng Non Garage Spac U3: 2
  • Prkng Non Garage Spac U4: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Roof: Composition

Utilities

  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Complex Name: Loma Alta
  • Community: POINT LOMA
  • Complex Features: Laundry Facilities

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Additional Property Use: ORMKS
  • Assessor Parcel Number: 449-102-12-00
  • Estimated Lot Sq Ft: 6626
  • Estimated Number of Acres: 0.15

Rental Info

  • Tenant Pays: Water, Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 67189
  • Annual Expense Actual: 26411
  • Annual Expense Projected: 35147
  • Gross Rent Multiplier Actual: 20.3
  • Gross Rent Multiplier Projected: 15.2
  • Gross Sched Income Actual: 93600
  • Gross Sched Income Projected: 124800
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Fireplaces: 4
  • Number Of Units With Garage: 4
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2021
Closed on
May 17, 2021
Sold by
Hickman Robert and Hickman Lanette
Bought by
Trudeau Tracy and Trudeau Celeste
Seller's Agent
David Zvaifler
Pacific Pines Real Estate
Buyer's Agent
Tracie Kersten
Compass
List Price
$1,999,900
Sold Price
$2,310,000
Premium/Discount to List
$310,100
15.51%
Current Estimated Value
$761,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,548,439
Avg. Annual Appreciation
-23.65%
Original Mortgage
$404,250
Interest Rate
2.9%
Mortgage Type
New Conventional
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
Trudeau Tracy $577,500 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2002 Trudeau Family Trust $375,375
Closed Trudeau Tracy $404,250
Previous Owner Hickman Robert $222,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2021 06/04/21 Sold $2,310,000 +0.4% $564 / Sq Ft
05/03/2021 05/03/21 Pending -- -- --
05/03/2021 05/03/21 Price Changed $2,299,900 +15.0% $561 / Sq Ft
04/22/2021 04/22/21 For Sale $1,999,900 -- $488 / 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 $7,558 $625,101 $398,857 $226,244
2024 $7,558 $612,845 $391,037 $221,808
2023 $7,392 $600,829 $383,370 $217,459
2022 $7,195 $589,049 $375,853 $213,196
2021 $4,016 $323,452 $206,384 $117,068
2020 $3,967 $320,136 $204,268 $115,868
2019 $3,897 $313,860 $200,263 $113,597
2018 $3,644 $307,707 $196,337 $111,370
2017 $3,558 $301,675 $192,488 $109,187
2016 $3,501 $295,761 $188,714 $107,047
2015 $3,450 $291,320 $185,880 $105,440
2014 $3,396 $285,614 $182,239 $103,375
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210010608

San Diego MLS

APN: 449-102-12-02