NOT LISTED FOR SALE

Estimated Value: $994,282

7 Beds
4 Baths
-- Sq Ft
8,276 Sq Ft Lot

Last Sold September 22, 2014

Last sale price $488,000

Est. 104% increase in value since last sale

Current estimated payment $5,775/month

10 Days on Market

About This Home

As of September 2014

The subject property resides at 2641-45 J St and consists of 1 - 3bed/2bath & 2 - 2bed/1baths nestled in a unique location directly across from Grant Hill Park. Rents are below market and the property has significant upside in rents. Sherman Heights/Grant Hill is known for its strong rental market and proximity to all tenant necessities. The property also boasts rare views of the Coronado Bridge and San Diego Bay from all units. This is truly a unique pocket for this neighborhood.

Last Agent to Sell the Property

Brian Nelson

South Coast Commercial, Inc. License #01419860 Listed on: 08/05/2014

South Coast Commercial, Inc.

Last Buyer's Agent

Brian Nelson

South Coast Commercial, Inc. License #01419860 Listed on: 08/05/2014

South Coast Commercial, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,288

Year Built

  • Built in 1914

Lot Details

  • 8,276

Home Design

  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 535-510-08-00

Community Details

Overview

  • Association fees include water
  • 2 Buildings
  • 3 Units

Building Details

  • Net Operating Income $21,481

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,288

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: 26th
  • Neighborhood: Sherman Heights/Grant Hill
  • LP / Sq Ft: 17.15
  • Stories: 2 Story
  • Sale Price List Price: 0.95
  • Total Stories: 2
  • Year Built: 1914
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco

Condo/Co-op/Association

  • Community: SAN DIEGO
  • Home Owner Association Fee Includes: Water

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Zoning: Spcl/Misc
  • Assessor Parcel Number: 535-510-08-00
  • Map Code Column: g
  • Map Code Page: 1269
  • Map Code Row: 6

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 21481
  • Annual Expense Actual: 4620
  • Annual Expense Projected: 13860
  • Gross Rent Multiplier Actual: 13.8
  • Gross Rent Multiplier Projected: 11.0
  • Gross Sched Income Actual: 37200
  • Gross Sched Income Projected: 46200
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 1
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Other Income Projected: 1500.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2014
Closed on
Aug 15, 2014
Sold by
Donkin Conrad and Donkin Karen
Bought by
Giardino Mark and Giardino Daryle Ann
Seller's Agent
Brian Nelson
South Coast Commercial, Inc.
Buyer's Agent
Brian Nelson
South Coast Commercial, Inc.
List Price
$515,000
Sold Price
$488,000
Premium/Discount to List
-$27,000
-5.24%
Current Estimated Value
$994,282

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$506,282

Purchase Details

Closed on
Dec 19, 2006
Sold by
Donkin Conrad and Donkin Karen
Bought by
Donkin Conrad and Donkin Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2002
Sold by
Donkin Conrad H and Donkin Karen L
Bought by
Donkin Conrad and Donkin Karen

Purchase Details

Closed on
Aug 7, 2000
Sold by
Cardulla Richard J
Bought by
Donkin Conrad H and Donkin Karen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
8.15%

Purchase Details

Closed on
Apr 17, 2000
Sold by
Cardulla Joseph E
Bought by
Cardulla Richard J

Purchase Details

Closed on
May 26, 1995
Sold by
Cardulla Richard J
Bought by
Cardulla Richard J and Scherbyn James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
8.43%

Purchase Details

Closed on
Apr 4, 1995
Sold by
Cardulla Richard J and Scherbyn James
Bought by
Cardulla Richard J and Cardulla Joseph E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
8.43%

Purchase Details

Closed on
Feb 24, 1992
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Giardino Mark $488,000 Fidelity National Title
Donkin Conrad -- Chicago Title Co
Donkin Conrad -- --
Donkin Conrad H $225,000 Commonwealth Land Title Co
Cardulla Richard J -- Commonwealth Land Title
Cardulla Richard J -- Commonwealth Land Title Co
Cardulla Richard J -- --
Cardulla Richard J -- South Coast Title Company
-- $125,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Donkin Conrad $300,000
Previous Owner Donkin Conrad H $200,000
Previous Owner Donkin Conrad H $157,500
Previous Owner Cardulla Richard J $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2014 09/22/14 Sold $488,000 -5.2% --
08/15/2014 08/15/14 Pending -- -- --
08/05/2014 08/05/14 For Sale $515,000 -- --
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 $4,288 $352,933 $158,819 $194,114
2024 $4,288 $346,326 $155,846 $190,480
2023 $4,689 $380,703 $171,316 $209,387
2022 $4,664 $356,287 $160,329 $195,958
2021 $4,423 $356,287 $160,329 $195,958
2020 $4,036 $325,528 $146,487 $179,041
2019 $3,962 $318,940 $143,523 $175,417
2018 $3,885 $327,957 $147,580 $180,377
2017 $3,700 $312,412 $140,585 $171,827
2016 $3,076 $258,589 $116,365 $142,224
2015 $3,075 $258,465 $116,309 $142,156
2014 $3,111 $260,323 $104,130 $156,193
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 140043056

San Diego MLS

APN: 535-510-08