J
Seller's Agent in 2019
John Reeves
Reef Point Realty, Inc
2530 Albatross St San Diego, CA 92101
Bankers Hill NeighborhoodEstimated Value: $1,711,572 - $2,095,000
4
Beds
2
Baths
2,800
Sq Ft
$688/Sq Ft
Est. Value
Highlights
- Fireplace
- Level Lot
- 1-minute walk to Waldo Dean Waterman Park and Monument
- Partially Fenced Property
About This Home
As of September 2019We are pleased to present 2530 Albatross St - A solid performing and well-kept investment asset with enormous upside potential for further development. Favorable RM-3-7 zoning allows for one unit per 1,000 sq.ft. of lot size. The 5,158 sq.ft. lot has the potential for up to 5 units! This beautiful duplex is situated in the heart of Bankers Hill, just six short blocks to Little Italy and seven blocks to Balboa Park, it is perfectly appointed for you to live in one unit and rent the other. Each over-sized unit, with 1,200+ sqft/unit, has 2 bedrooms and 1 bathroom. Mature greenery, trees and flowering plants line the walk way to your new property. Each unit includes a spacious living room with all the charm and comfort expected of this stately investment. Picture windows set each room aglow with warm natural sunlight and views of the surrounding neighborhood. The private backyard has an exposed brick patio, a lush green lawn, and tree-lined fence for additional privacy. The two-car garage and driveway allow plenty of space for parking and storage. The property is currently operated as a long-term rental, and would make for a great short-term vacation rental due to its proximity to Balboa Park, downtown San Diego, and the beaches. The numerous upside value-add potential opportunities include 1) Increasing rents to market rent, 2) operating as short-term vacation rental to maximize revenue, or 3) develop up to 6 units with potential ocean views from the top units. With a remodel, this property could also be converted back into a single family home as the lot is zoned for 1-5 units
Last Agent to Sell the Property
John Reeves
Reef Point Realty, Inc License #01861983 Listed on: 07/30/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,836
Year Built
- Built in 1940
Lot Details
- 5,158 Sq Ft Lot
- Partially Fenced Property
- Level Lot
Home Design
- Composition Roof
Interior Spaces
- 2-Story Property
- Fireplace
Listing and Financial Details
- Assessor Parcel Number 533-073-08-00
Community Details
Overview
- 2 Units
- Mission Hills Community
Building Details
- Net Operating Income $27,669
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 30, 2019
Closed on
Sep 10, 2019
Sold by
Deoca Willie Montes
Bought by
Deoca Pilar Montes
Seller's Agent
John Reeves
Reef Point Realty, Inc
Buyer's Agent
Oscar Vega
ROA California Inc
List Price
$1,199,999
Sold Price
$1,200,000
Premium/Discount to List
$1
0.0%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$725,893
Avg. Annual Appreciation
9.01%
Original Mortgage
$1,020,000
Interest Rate
3.7%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 30, 2019
Closed on
Aug 14, 2019
Sold by
Sloan James E and Sloan Chriseeta K
Bought by
Deoca Pilar Montes
Seller's Agent
John Reeves
Reef Point Realty, Inc
Buyer's Agent
Oscar Vega
ROA California Inc
List Price
$1,199,999
Sold Price
$1,200,000
Premium/Discount to List
$1
0.0%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,020,000
Interest Rate
3.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 2, 2017
Sold by
Sloan James E and Sloan Chriseeta
Bought by
Sloan James E and Sloan Chriseeta K
Purchase Details
Closed on
Jul 7, 2005
Sold by
Garcia G Isaac and Garcia Tracy L
Bought by
Sloan James E and Sloan Chriseeta
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
1.65%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Mar 20, 2003
Sold by
Erlanson Richard Edward and Erlanson David Ambrose
Bought by
Carter Tracy L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
5%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Deoca Pilar Montes | -- | Ticor Title San Diego | |
| Deoca Pilar Montes | $1,200,000 | Ticor Title San Diego Branch | |
| Sloan James E | -- | None Available | |
| Sloan James E | $1,050,000 | Lawyers Title | |
| Garcia G Isaac | -- | Lawyers Title | |
| Carter Tracy L | $725,000 | North American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Deoca Pilar Montes | $1,015,000 | |
| Closed | Deoca Pilar Montes | $1,020,000 | |
| Previous Owner | Sloan James E | $550,000 | |
| Previous Owner | Carter Tracy L | $200,000 | |
| Previous Owner | Carter Tracy L | $580,000 | |
| Closed | Carter Tracy L | $72,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/12/2019 09/12/19 | Sold | $1,200,000 | 0.0% | $429 / Sq Ft |
| 09/12/2019 09/12/19 | Sold | $1,200,000 | 0.0% | $490 / Sq Ft |
| 08/11/2019 08/11/19 | Pending | -- | -- | -- |
| 08/08/2019 08/08/19 | Price Changed | $1,199,990 | 0.0% | $429 / Sq Ft |
| 07/30/2019 07/30/19 | For Sale | $1,199,999 | +9.1% | $429 / Sq Ft |
| 06/22/2019 06/22/19 | Pending | -- | -- | -- |
| 06/09/2019 06/09/19 | For Sale | $1,100,000 | -- | $449 / Sq Ft |
Source: San Diego MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $15,836 | $1,286,638 | $1,018,590 | $268,048 |
| 2023 | $15,488 | $1,261,411 | $998,618 | $262,793 |
| 2022 | $15,076 | $1,236,679 | $979,038 | $257,641 |
| 2021 | $14,973 | $1,212,432 | $959,842 | $252,590 |
| 2020 | $14,791 | $1,200,000 | $950,000 | $250,000 |
| 2019 | $12,846 | $1,040,000 | $655,000 | $385,000 |
| 2018 | $12,014 | $1,020,000 | $643,000 | $377,000 |
| 2017 | $80 | $985,000 | $621,000 | $364,000 |
| 2016 | $11,479 | $975,000 | $615,000 | $360,000 |
| 2015 | $11,482 | $975,000 | $615,000 | $360,000 |
| 2014 | $11,231 | $950,000 | $600,000 | $350,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
Patrick Kappel
Seller Co-Listing Agent in 2019
Patrick Kappel
Compass
(858) 699-6817
104 Total Sales
-
Oscar Vega
Buyer's Agent in 2019
Oscar Vega
ROA California Inc
(619) 787-7538
36 Total Sales
-
Dino Zuzic
Buyer's Agent in 2019
Dino Zuzic
Compass
(415) 317-4546
66 Total Sales
Map
Source: San Diego MLS
MLS Number: 190042029
APN: 533-073-08
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