NOT LISTED FOR SALE

Estimated Value: $1,411,000 - $1,458,000

5 Beds
3 Baths
1,989 Sq Ft
$719/Sq Ft Est. Value

Last Sold September 20, 2021

Last sale price $1,002,500 $504 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $8,630/month

102 Days on Market

Highlights

  • Partially Fenced Property
  • Wood Siding
  • 1-Story Property
  • Jefferson Elementary Rated A-

About This Home

As of September 2021

We are pleased to offer two spacious units located in the heart of the iconic neighborhood for North Park in San Diego, California. The site is conveniently located near interstate 805, 8 and Highway 163, the subject property is approximately a 10-minute drive to San Diego Zoo, Balboa Park, Mission Valley Shopping Center, and Downtown Gaslamp District. The site is located approximately two miles directly south of Mission Valley where San Diego State University is working on an 80 acre campus expansion. Units consist of one 1,295sf 3-bedroom 1-bathroom unit and one 694sf 2-bedroom 1.5-bathroom unit. Currently, the rents range from $2,595-$2,150 per month respectively with immediate rental upside. Each unit has laundry hook-up. Tenants can enjoy leaving their cars parked as they have many options for dining, retail and shopping within an immediate vicinity of their front door. The property boasts a Walk Score of 92 and is near many public transit line stops as well.

Last Agent to Sell the Property

Aziz Zakkout

Zakkout Real Estate Services License #01911009 Listed on: 05/11/2021

Last Buyer's Agent

Twana Rasoul

Compass License #02026495

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,803

Year Built

  • Built in 1922

Lot Details

  • 3,069 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Composition Roof
  • Wood Siding

Additional Features

  • 1-Story Property
  • Cooling System Mounted To A Wall/Window

Community Details

  • 2 Units
  • Net Operating Income $31,604

Listing and Financial Details

  • Tenant pays for water, electricity, gas/propane
  • Assessor Parcel Number 453-041-09-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,803

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Texas St.
  • Neighborhood: North Park
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 1922
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: No
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Cooling: Wall/Window

Condo/Co-op/Association

  • Community: NORTH PARK

Lot Info

  • Lot Size: 1-3,999 SF
  • Assessor Parcel Number: 453-041-09-00
  • Estimated Lot Dimensions: 33x93
  • Estimated Lot Sq Ft: 3069
  • Estimated Number of Acres: 0.07

Rental Info

  • Tenant Pays: Water, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 31604
  • Annual Expense Actual: 25448
  • Gross Rent Multiplier Actual: 23.71
  • Gross Rent Multiplier Projected: 19.35
  • Gross Sched Income Actual: 56940
  • Gross Sched Income Projected: 69768
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 2
  • Number Of Units With Dryers: 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
  • Other Income Actual: 1820

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2021
Closed on
Sep 17, 2021
Sold by
Shapiro Nadezda
Bought by
Shapiro Denis
Seller's Agent
Aziz Zakkout
Zakkout Real Estate Services
Buyer's Agent
Twana Rasoul
Compass
List Price
$999,000
Sold Price
$1,002,500
Premium/Discount to List
$3,500
0.35%
Current Estimated Value
$1,430,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$428,167
Avg. Annual Appreciation
9.20%
Original Mortgage
$981,175
Outstanding Balance
$891,464
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$539,203

Purchase Details

Listed on
May 11, 2021
Closed on
Sep 15, 2021
Sold by
Nxt Spark One Llc
Bought by
Shapiro Denis
Seller's Agent
Aziz Zakkout
Zakkout Real Estate Services
Buyer's Agent
Twana Rasoul
Compass
List Price
$999,000
Sold Price
$1,002,500
Premium/Discount to List
$3,500
0.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$981,175
Outstanding Balance
$891,464
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$539,203

Purchase Details

Closed on
Sep 21, 2015
Sold by
Lucas Elizabeth
Bought by
Nxt Spark One Llc

Purchase Details

Closed on
Mar 18, 2011
Sold by
Lucas Elizabeth
Bought by
Lucas Elizabeth
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
Shapiro Denis -- Lawyers Title
Shapiro Denis $1,002,500 Lawyers Title
Nxt Spark One Llc $500,000 Guardian Title Company
Lucas Elizabeth -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shapiro Denis $981,175
Closed Shapiro Denis $981,175
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2021 09/20/21 Sold $1,002,500 +0.4% $504 / Sq Ft
08/22/2021 08/22/21 Pending -- -- --
08/14/2021 08/14/21 For Sale $999,000 -0.3% $502 / Sq Ft
08/11/2021 08/11/21 Off Market $1,002,500 -- --
05/26/2021 05/26/21 Price Changed $999,000 -26.0% $502 / Sq Ft
05/11/2021 05/11/21 For Sale $1,350,000 -- $679 / 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 $12,803 $1,063,860 $753,457 $310,403
2024 $12,803 $1,043,001 $738,684 $304,317
2023 $12,518 $1,022,550 $724,200 $298,350
2022 $12,267 $1,002,500 $710,000 $292,500
2021 $6,809 $546,822 $273,411 $273,411
2020 $6,726 $541,216 $270,608 $270,608
2019 $6,606 $530,604 $265,302 $265,302
2018 $6,178 $520,200 $260,100 $260,100
2017 $83 $510,000 $255,000 $255,000
2016 $2,369 $196,338 $98,169 $98,169
2015 $2,334 $193,390 $96,695 $96,695
2014 $2,298 $189,602 $94,801 $94,801
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210012533

San Diego MLS

APN: 453-041-09