NOT LISTED FOR SALE

Estimated Value: $3,287,000 - $3,840,000

3 Beds
3 Baths
2,135 Sq Ft
$1,616/Sq Ft Est. Value

Last Sold December 24, 2020

Last sale price $2,195,000 $1,028 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $20,340/month

261 Days on Market

Highlights

  • Ocean View
  • RV Parking in Community
  • Wood Siding
  • Paul Ecke-Central Elementary Rated A
  • Level Lot
  • 3-minute walk to Moonlight State Beach

About This Home

As of December 2020

Never miss a sunset from this amazing beach side duplex filled with light and spectacular ocean & vista views. The upstairs 2 bedroom unit has an open floorplan, hardwood floors, vaulted ceilings, separate bedrooms & fullbaths. The 1 bedroom unit is cute & cozy with its own entrance & garage. This property has 2 huge decks with more VIEWS! Come enjoy the Surf, Sun, Views, & Fun all year long! Make this your dream investment property. Call listing agent to make an offer or for a showing.

Last Agent to Sell the Property

Marvin Gomez

Keller Williams San Diego Metro License #02049372 Listed on: 02/21/2020

Keller Williams San Diego Metro

Last Buyer's Agent

Frank Ohrmund

Otay Real Estate Company License #01169441

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,500

Year Built

  • Built in 1980

Lot Details

  • 5,108 Sq Ft Lot
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Ocean Views

Parking

  • Alley Access
  • RV Potential

Location

  • West of 101 Freeway
  • West of 5 Freeway

Utilities

  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 258-053-04-00

Community Details

Overview

  • 2 Units
  • Moonlight Beach Community
  • RV Parking in Community

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $50,316

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,500

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal North
  • Cross Street: B St
  • Neighborhood: Moonlight Beach
  • LP / Sq Ft: 34.5
  • Stories: 2 Story
  • Sale Price List Price: 0.9
  • Total Stories: 2
  • Year Built: 1980
  • 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
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco, Wood, Wood/Stucco
  • Roof: Composition
  • View: Ocean, Panoramic Ocean

Garage/Parking

  • Parking for RV: Potential Space

Utilities

  • Water: Available
  • Water Heater Type: Gas
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Complex Name: Moonlight Beach
  • Pets Allowed: Yes
  • Community: ENCINITAS
  • Complex Features: RV/Boat Parking

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, West of I-5, West of 101
  • Topography: Level
  • Assessor Parcel Number: 258-053-04-00
  • Estimated Lot Sq Ft: 5108
  • Estimated Number of Acres: 0.12

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 50316
  • Annual Expense Actual: 9384
  • Annual Expense Projected: 9384
  • Gross Rent Multiplier Actual: 10.1
  • Gross Rent Multiplier Projected: 30.5
  • Gross Sched Income Actual: 59700
  • Gross Sched Income Projected: 80400
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 17, 2020
Sold by
Mendelson Gerald A and The Certain Revocable Trust
Bought by
Altman Matthew
Current Estimated Value
$3,449,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,646,250
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 8, 2013
Closed on
Mar 19, 2013
Sold by
Mendelson Gerald A
Bought by
Mendelson Gerald A
Seller's Agent
Frank Violi
Frank Violi, Broker
Sold Price
$3,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$518,500
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 1999
Sold by
Mendelson Gerald A
Bought by
Mendelson Gerald A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.78%

Purchase Details

Closed on
Jun 6, 1995
Sold by
Mendelson Gerald A
Bought by
Mendelson Gerald A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,150
Interest Rate
7.8%

Purchase Details

Closed on
Jun 9, 1994
Sold by
Mendelson Gerald A
Bought by
Mendelson Gerald A

Purchase Details

Closed on
Mar 23, 1994
Sold by
Mendelson Gerald A
Bought by
Mendelson Gerald A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
4.87%
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
Altman Matthew $2,195,000 First American Title Company
Mendelson Gerald A -- First American Title Company
Mendelson Gerald A -- First American Title Company
Mendelson Gerald A -- Commonwealth Land Title Co
Mendelson Gerald A -- Commonwealth Land Title Co
Mendelson Gerald A -- --
Mendelson Gerald A -- Fidelity National Title
Mendelson Gerald A -- --
Mendelson Gerald A -- Continental Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Altman Matthew $1,646,250
Previous Owner Mendelson Gerald A $518,500
Previous Owner Mendelson Gerald A $240,000
Previous Owner Mendelson Gerald A $203,150
Previous Owner Mendelson Gerald A $165,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/24/2020 12/24/20 Sold $2,195,000 -10.4% $1,028 / Sq Ft
11/09/2020 11/09/20 Pending -- -- --
11/04/2020 11/04/20 For Sale $2,450,000 0.0% $1,148 / Sq Ft
03/05/2020 03/05/20 Pending -- -- --
02/21/2020 02/21/20 For Sale $2,450,000 0.0% $1,148 / Sq Ft
09/30/2019 09/30/19 Rented $3,700 -99.9% --
09/30/2019 09/30/19 For Rent $3,700,000 +123233.3% --
01/08/2013 01/08/13 Rented $3,000 0.0% --
01/08/2013 01/08/13 For Rent $3,000 -- --
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 $25,500 $2,375,937 $2,164,864 $211,073
2024 $25,500 $2,329,351 $2,122,416 $206,935
2023 $24,796 $2,283,678 $2,080,800 $202,878
2022 $24,069 $2,238,900 $2,040,000 $198,900
2021 $23,951 $2,195,000 $2,000,000 $195,000
2020 $2,274 $155,365 $41,803 $113,562
2019 $2,239 $152,320 $40,984 $111,336
2018 $2,204 $149,334 $40,181 $109,153
2017 $2,207 $146,407 $39,394 $107,013
2016 $2,186 $143,537 $38,622 $104,915
2015 $2,150 $141,382 $38,042 $103,340
2014 $2,066 $138,613 $37,297 $101,316
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 200008735

San Diego MLS

APN: 258-053-04