NOT LISTED FOR SALE

2702-4 Highland Ave San Diego, CA 92105

Swan Canyon Neighborhood

Estimated Value: $747,000 - $814,000

5 Beds
2 Baths
-- Sq Ft
0.71 Acres

Last Sold May 15, 2020

Last sale price $455,000

Est. 71% increase in value since last sale

Current estimated payment $4,621/month

63 Days on Market

About This Home

As of May 2020

Deliverable 6.2% Cap Rate on actuals, 2702-04 Highland Ave 92105 is a prime cashflow opportunity in City Heights. The property has a strong unit mix of (1) 2 bedroom and (1) 3 bedroom units with market rents in place. The front 2 bedroom unit has a private front yard and the 3 bedroom unit in the back has its own private patio. The property has 2 off street parking spots. Located near schools, shopping and restaurants with good freeway access makes this a unique opportunity for any investor or owner user.

Last Agent to Sell the Property

Kevin Hemstreet

South Coast Commercial, Inc. License #01490629 Listed on: 01/16/2020

South Coast Commercial, Inc.

Last Buyer's Agent

Kristine Kurz

Real Estate Ebroker Inc License #02042035

Real Estate Ebroker Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,027

Year Built

  • Built in 1958

Lot Details

  • 0.71

Home Design

  • Composition Roof

Additional Features

  • 1-Story Property
  • Property is Fully Fenced

Community Details

  • 2 Units
  • Net Operating Income $29,227

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 476-492-18-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,027

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Olive St
  • Neighborhood: Swan Canyon
  • Stories: 1 Story
  • Sale Price List Price: 0.89
  • Total Stories: 1
  • Year Built: 1958
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Full
  • Roof: Composition

Condo/Co-op/Association

  • Community: CITY HEIGHTS

Lot Info

  • Lot Size: 1-3,999 SF
  • Assessor Parcel Number: 476-492-18-00

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 29227
  • Annual Expense Actual: 9768
  • Gross Rent Multiplier Actual: 11.8
  • Gross Rent Multiplier Projected: 10.7
  • Gross Sched Income Actual: 40200
  • Gross Sched Income Projected: 44400
  • Number Of Buildings: 1
  • Number Of Units With Dryers: 2
  • Number Of Units With Patios: 1
  • 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
Jan 16, 2020
Closed on
Apr 4, 2020
Sold by
Geary Jon M and Geary Siu Ming
Bought by
Tol Oscar
Seller's Agent
Kevin Hemstreet
South Coast Commercial, Inc.
Buyer's Agent
Kristine Kurz
Real Estate Ebroker Inc
List Price
$510,000
Sold Price
$455,000
Premium/Discount to List
-$55,000
-10.78%
Current Estimated Value
$776,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$321,961
Avg. Annual Appreciation
10.36%
Original Mortgage
$364,000
Outstanding Balance
$325,948
Interest Rate
3.99%
Mortgage Type
New Conventional
Estimated Equity
$451,013

Purchase Details

Closed on
May 14, 2015
Sold by
Geary Jon and Geary Siu Ming
Bought by
The Jon Michael Geary & Siu Ming Jasmine and Geary Siu Ming J

Purchase Details

Closed on
Oct 4, 2011
Sold by
Townsend Elizabeth
Bought by
Geary Jon and Geary Siu Ming

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,900
Interest Rate
4.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 21, 2009
Sold by
Townsend Russell L and Townsend Elizabeth
Bought by
Townsend Russell L and Townsend Elizabeth

Purchase Details

Closed on
Feb 2, 2007
Sold by
Townsend Russell L and Townsend Elizabeth
Bought by
Townsend Russell L and Townsend Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,500
Interest Rate
8.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 3, 2004
Sold by
Townsend Russell L
Bought by
Townsend Russell L and Townsend Elizabeth

Purchase Details

Closed on
Jul 29, 2002
Sold by
Townsend Elizabeth
Bought by
Townsend Russell L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,500
Interest Rate
6.17%

Purchase Details

Closed on
Feb 5, 2002
Sold by
Johnston George T and Barrett Stephen M
Bought by
Townsend Russell L and Townsend Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
7.15%

Purchase Details

Closed on
May 30, 2001
Sold by
Johnston Riva
Bought by
Johnston George T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,000
Interest Rate
7.14%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 23, 2001
Sold by
Barrett Carolyn S
Bought by
Barrett Stephen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,000
Interest Rate
7.14%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 13, 1999
Sold by
Johnston Riva
Bought by
Johnston George T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,000
Interest Rate
6.92%

Purchase Details

Closed on
May 12, 1999
Sold by
Barrett Carolyn S
Bought by
Barrett Stephen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,000
Interest Rate
6.92%

Purchase Details

Closed on
Apr 12, 1999
Sold by
Fong Lee & Mabel C Trs
Bought by
Barrett Stephen M and Johnston George T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,000
Interest Rate
6.92%
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
Tol Oscar $455,000 Ticor Title Company
The Jon Michael Geary & Siu Ming Jasmine -- None Available
Geary Jon $187,000 Lawyers Title
Townsend Russell L -- None Available
Townsend Russell L -- Ticor Title Co
Townsend Russell L -- Ticor Title
Townsend Russell L -- United Title Company
Townsend Russell L -- New Century Title
Johnston George T -- South Coast Title Company
Barrett Stephen M -- South Coast Title Company
Johnston George T -- First American Title
Barrett Stephen M -- First American Title
Barrett Stephen M $75,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tol Oscar $364,000
Previous Owner Geary Jon $130,900
Previous Owner Townsend Russell L $388,500
Previous Owner Townsend Russell L $171,500
Previous Owner Townsend Russell L $183,750
Previous Owner Johnston George T $32,000
Previous Owner Barrett Stephen M $32,000
Previous Owner Barrett Stephen M $101,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2020 05/15/20 Sold $455,000 -10.8% --
03/20/2020 03/20/20 Pending -- -- --
03/02/2020 03/02/20 For Sale $510,000 0.0% --
02/11/2020 02/11/20 Pending -- -- --
01/16/2020 01/16/20 For Sale $510,000 -- --
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 $6,027 $497,605 $284,350 $213,255
2024 $6,027 $487,849 $278,775 $209,074
2023 $5,894 $478,284 $273,309 $204,975
2022 $5,737 $468,906 $267,950 $200,956
2021 $5,698 $459,713 $262,697 $197,016
2020 $2,675 $214,762 $122,723 $92,039
2019 $2,627 $210,552 $120,317 $90,235
2018 $2,458 $206,424 $117,958 $88,466
2017 $2,399 $202,378 $115,646 $86,732
2016 $2,360 $198,411 $113,379 $85,032
2015 $2,325 $195,431 $111,676 $83,755
2014 $2,290 $191,604 $109,489 $82,115
Source: Public Records

Agents Affiliated with this Home

  • Kevin Hemstreet

    Seller's Agent in 2020

    Kevin Hemstreet

    South Coast Commercial, Inc.

    (858) 302-5252

    8 Total Sales

    Kevin Hemstreet
    Section Image

  • K

    Buyer's Agent in 2020

    Kristine Kurz

    Real Estate Ebroker Inc

    (760) 458-3514

    26 Total Sales

    Kristine Kurz
    Section Image
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Map

Source: San Diego MLS

MLS Number: 200002692

San Diego MLS

APN: 476-492-18

California San Diego County San Diego 92105 Swan Canyon

2702-4 Highland Ave, San Diego, CA

This home is located at 2702-4 Highland Ave, San Diego, CA 92105 since 16 January 2020 and is currently estimated at $776,961. This property was built in 1958. 2702-4 Highland Ave is a home located in San Diego County with nearby schools including Hamilton Elementary School, Clark Middle School, and Herbert Hoover High School.

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