NOT LISTED FOR SALE

Estimated Value: $991,000 - $1,058,000

4 Beds
4 Baths
2,044 Sq Ft
$507/Sq Ft Est. Value

Last Sold October 05, 2021

Last sale price $860,000 $421 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $6,438/month

7 Days on Market

Highlights

  • Cul-De-Sac
  • Gated Home
  • Wood Siding
  • Zoned Cooling
  • Level Lot

About This Home

As of October 2021

2 x income generating 1000+ sq/ft 2 bed 2 bath units in South City Heights. Top and bottom units are separately metered for all utilities. Each unit has a separate fenced in yard area with utility shed for extra storage with electricity. Each unit features new flooring, stainless steel appliances, in unit washer and dryer and granite countertops with split A/C units throughout. All appliances convey. Additionally, property features a walking path with direct access Hollywood Park. Good for an investor or live in one and rent the other.

Last Agent to Sell the Property

Ryan Gilfillan

Keller Williams San Diego Metro License #02076863 Listed on: 08/29/2021

Keller Williams San Diego Metro

Co-Listed By

Michael Drew

Keller Williams San Diego Metro License #01927569

Last Buyer's Agent

Kyle Stamps

LPT Realty,Inc License #02065878

LPT Realty,Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,024

Year Built

  • Built in 1983

Lot Details

  • 6,203 Sq Ft Lot
  • Cul-De-Sac
  • Gated Home
  • Property is Fully Fenced
  • Level Lot
  • Sprinkler System

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Utilities

  • Zoned Cooling
  • Separate Water Meter
  • Gas Water Heater

Community Details

  • 2 Units
  • Net Operating Income $48,000

Listing and Financial Details

  • Tenant pays for sewer, trash, water, cable TV, electricity, gas/propane, hot water
  • Assessor Parcel Number 476-450-25-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,024

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Neighborhood: Azalea Park
  • Stories: 2 Story
  • Sale Price List Price: 1.01
  • Total Stories: 2
  • Year Built: 1983
  • 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
  • Fencing: Full, Gate
  • Roof: Composition

Utilities

  • Cooling: Zoned Area(s)
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Community: CITY HEIGHTS

Lot Info

  • Irrigation: Sprinklers
  • Lot Size: 4,000-7,499 SF
  • Site: Cul-De-Sac
  • Topography: Level
  • Assessor Parcel Number: 476-450-25-00
  • Estimated Lot Sq Ft: 6203
  • Estimated Number of Acres: 0.14

Rental Info

  • Tenant Pays: Sewer, Trash, Water, Cable TV, Electricity, Gas/Propane, Hot Water

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 48000
  • Annual Expense Actual: 1200
  • Gross Rent Multiplier Actual: 16.09
  • Gross Sched Income Actual: 49200
  • Gross Sched Income Projected: 52800
  • 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 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

Listed on
Aug 29, 2021
Closed on
Sep 21, 2021
Sold by
Knox James R and Knox Lauren A
Bought by
Geyer Matthew Benjamin
Seller's Agent
Ryan Gilfillan
Keller Williams San Diego Metro
Buyer's Agent
Kyle Stamps
LPT Realty,Inc
List Price
$849,000
Sold Price
$860,000
Premium/Discount to List
$11,000
1.3%
Current Estimated Value
$1,035,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,733
Avg. Annual Appreciation
5.87%
Original Mortgage
$890,960
Outstanding Balance
$815,990
Interest Rate
2.8%
Mortgage Type
VA
Estimated Equity
$260,690

Purchase Details

Closed on
Aug 25, 2015
Sold by
Profin Inc
Bought by
Knox James R and Knox Lauren A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$511,335
Interest Rate
3.9%
Mortgage Type
VA

Purchase Details

Closed on
Jun 16, 2015
Sold by
Rodriguez Alberto and Rodriguez Martha
Bought by
Profin Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
3.77%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 2, 2006
Sold by
Rodriguez Alberto and Rodriguez Martha
Bought by
Rodriguez Alberto and Rodriguez Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 20, 1995
Sold by
Carrillo Maria Isabel
Bought by
Carrillo Juan C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,084
Interest Rate
9.23%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 22, 1994
Sold by
Roundy Karl A
Bought by
Rodriquez Alberto and Rodriquez Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,084
Interest Rate
9.23%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 13, 1986
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
Geyer Matthew Benjamin $860,000 Fidelity Natl Ttl San Diego
Knox James R $495,000 Ticor Title San Diego
Profin Inc $300,000 Ticor Title San Diego Branch
Rodriguez Alberto -- None Available
Carrillo Juan C -- South Coast Title Company
Rodriquez Alberto $126,000 South Coast Title Co
-- $98,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Geyer Matthew Benjamin $890,960
Previous Owner Knox James R $502,500
Previous Owner Knox James R $508,930
Previous Owner Knox James R $511,335
Previous Owner Profin Inc $292,500
Previous Owner Rodriguez Alberto $420,000
Previous Owner Rodriguez Alberto $209,719
Previous Owner Rodriquez Alberto $125,084
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2021 10/05/21 Sold $860,000 +1.3% $421 / Sq Ft
09/14/2021 09/14/21 Pending -- -- --
09/06/2021 09/06/21 For Sale $849,000 -- $415 / 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 $11,024 $912,638 $557,134 $355,504
2024 $11,024 $894,744 $546,210 $348,534
2023 $10,781 $877,200 $535,500 $341,700
2022 $10,494 $860,000 $525,000 $335,000
2021 $6,618 $541,352 $328,093 $213,259
2020 $6,537 $535,802 $324,729 $211,073
2019 $6,419 $525,297 $318,362 $206,935
2018 $6,000 $514,998 $312,120 $202,878
2017 $4,816 $409,042 $155,332 $253,710
2016 $4,739 $401,023 $152,287 $248,736
2015 $5,071 $429,188 $299,853 $129,335
2014 $4,992 $420,782 $293,980 $126,802
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210024695

San Diego MLS

APN: 476-450-25