NOT LISTED FOR SALE

Estimated Value: $594,000 - $614,000

6 Beds
6 Baths
2,289 Sq Ft
$263/Sq Ft Est. Value

Last Sold August 29, 2018

Last sale price $1,140,000 $498 Per Sq Ft

Est. 47% decrease in value since last sale

Current estimated payment $3,899/month

8 Days on Market

Highlights

  • Gated Community
  • Gated Home
  • 1-Story Property
  • Laundry Facilities
  • Level Lot

About This Home

As of August 2018

Located in an established residential neighborhood, just minutes from downtown San Diego, 2852 C Street in Golden Hill is an opportunity for any investor to buy 3 condos within a 9 unit complex. This Portfolio Purchase includes 3 remodeled, 2 bedroom/2 bath condos, all occupied with long-term tenants in a location with fast-growing desirability in prime location. Each unit comes with 1 parking space, add-value opportunity, low HOA well maintained complex. Minutes to San Diego's most notable amenities!

Last Agent to Sell the Property

Marissa Montano

Fit Properties License #01373633 Listed on: 05/21/2018

Last Buyer's Agent

Non-Member Default

Default Non-Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,611

Year Built

  • Built in 1981

Lot Details

  • Gated Home
  • Property is Fully Fenced
  • Level Lot

HOA Fees

  • $150 per month

Home Design

  • Clay Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Schools

  • San Diego Unified School District Elementary And Middle School
  • San Diego Unified School District High School

Utilities

  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 539-521-20-05

Community Details

Overview

  • Association fees include common area maintenance, exterior (landscaping), exterior bldg maintenance, limited insurance, trash pickup, water
  • 3 Units
  • Balboa Gardens Association
  • Balboa Gardens Community

Pet Policy

  • Breed Restrictions

Additional Features

  • Laundry Facilities
  • Net Operating Income $42,554
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,611

Year Built

Built in 1981

Lot Details

0

HOA Fees

$150 per month

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: 28th
  • Neighborhood: Golden Hill
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 1981
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U3: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full, Gate
  • Roof: Tile/Clay

Utilities

  • Security: Gated Community
  • Sewer/Septic: Sewer Connected
  • Water Heater Type: Gas

Condo/Co-op/Association

  • Complex Name: Balboa Gardens
  • Total Fees: 1800.0
  • Pets Allowed: Allowed w/Restrictions
  • Community: SAN DIEGO
  • Complex Features: Laundry Facilities
  • Home Owner Association: Balboa Gardens
  • Home Owner Association Fee Includes: Common Area Maintenance, Exterior (Landscaping), Exterior Bldg Maintenance, Limited Insurance, Trash Pickup, Water
  • Home Owner Association Fee Reflects: Month
  • Home Owner Association Fees: 150.0
  • Home Owner Association Payment Frequency: Monthly

Fee Information

  • Total Monthly Fees: 150

Schools

  • School District URL: https://www.sandiegounified.org/
  • Elementary School: San Diego Unified School District
  • Elementary School Website: https://www.sandiegounified.org/
  • High School: San Diego Unified School District
  • Middle School Url: https://www.sandiegounified.org/
  • Middle School: San Diego Unified School District

Lot Info

  • Lot Size: 0 (Common Interest)
  • Topography: Level
  • Assessor Parcel Number: 539-521-20-05

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 42554
  • Annual Expense Actual: 24535
  • Gross Rent Multiplier Actual: 16.07
  • Gross Sched Income Actual: 70620
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Fireplaces: 3
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Percent Owner Occupancy: 33.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 8, 2018
Sold by
Ceisel John E
Bought by
Plissak Alex and Alex Plissak 2011 Revocable Tr
Current Estimated Value
$602,101

Purchase Details

Closed on
Feb 19, 2014
Sold by
Vaughan Virginia D
Bought by
Ceisel John E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,960
Interest Rate
3.53%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Plissak Alex $415,000 First American Title San Die
Ceisel John E $194,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ceisel John E $53,000
Previous Owner Ceisel John E $154,960
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2018 08/29/18 Sold $1,140,000 +0.4% $498 / Sq Ft
05/30/2018 05/30/18 Pending -- -- --
05/21/2018 05/21/18 For Sale $1,135,000 -- $496 / 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 $5,611 $462,933 $278,876 $184,057
2024 $5,611 $453,857 $273,408 $180,449
2023 $5,487 $444,959 $268,048 $176,911
2022 $5,341 $436,236 $262,793 $173,443
2021 $5,305 $427,684 $257,641 $170,043
2020 $5,240 $423,300 $255,000 $168,300
2019 $5,147 $415,000 $250,000 $165,000
2018 $2,485 $208,682 $72,552 $136,130
2017 $2,426 $204,591 $71,130 $133,461
2016 $2,305 $200,581 $69,736 $130,845
2015 $2,270 $197,569 $68,689 $128,880
2014 $1,537 $127,661 $44,384 $83,277
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 180027160

San Diego MLS

APN: 539-521-20-05