NOT LISTED FOR SALE

2905-7 Apricot Ln Spring Valley, CA 91977

Estimated Value: $759,000 - $837,000

4 Beds
2 Baths
1,698 Sq Ft
$467/Sq Ft Est. Value

Last Sold April 18, 2024

Last sale price $755,000 $445 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,532/month

24 Days on Market

Highlights

  • Corner Lot
  • Partially Fenced Property
  • 1-Story Property
  • Private Streets

About This Home

As of April 2024

This duplex features two 2-bedroom 1-bathroom units attached by covered parking. Located on a quiet off-shoot of Rosedale Dr, this property boasts private backyards and strong current rents with month-to-month tenants. Both units also include laundry hookups.

Last Agent to Sell the Property

Alexander Kohl

South Coast Commercial, Inc. License #02024212 Listed on: 03/04/2024

South Coast Commercial, Inc.

Last Buyer's Agent

Lorena Sanchez

Anchor Funding, Inc. License #01723939

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,349

Year Built

  • Built in 1959

Lot Details

  • Private Streets
  • Partially Fenced Property
  • Corner Lot
  • Level Lot

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for trash, electricity, gas/propane, hot water
  • Assessor Parcel Number 504-171-17-00

Community Details

Overview

  • Association fees include sewer, water
  • 2 Units

Building Details

  • Net Operating Income $31,834

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,349

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: Rosedale Dr
  • Neighborhood: Rosedale Dr
  • LP / Sq Ft: 17.73
  • Stories: 1 Story
  • Sale Price List Price: 1.01
  • Total Stories: 1
  • Year Built: 1959
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Cooling: Wall/Window
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: SPRING VALLEY
  • Home Owner Association Fee Includes: Sewer, Water

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Corner Lot, Private Street, Public Street
  • Topography: Level
  • Assessor Parcel Number: 504-171-17-00

Rental Info

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

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 31834
  • Annual Expense Actual: 16166
  • Annual Expense Projected: 16166
  • Gross Rent Multiplier Actual: 15.6
  • Gross Rent Multiplier Projected: 12.8
  • Gross Sched Income Actual: 48000
  • Gross Sched Income Projected: 58800
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2024
Closed on
Apr 4, 2024
Sold by
Jacqueline J Shirah Trust and Shirah Jacqueline J
Bought by
Andres Matias Santiago
Seller's Agent
Alexander Kohl
South Coast Commercial, Inc.
Buyer's Agent
Lorena Sanchez
Anchor Funding, Inc.
List Price
$750,000
Sold Price
$755,000
Premium/Discount to List
$5,000
0.67%
Views
94
Current Estimated Value
$780,641

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,641
Avg. Annual Appreciation
1.96%
Original Mortgage
$705,000
Outstanding Balance
$695,653
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$79,223

Purchase Details

Closed on
Feb 6, 2018
Sold by
Stuart Sherry L
Bought by
Issa Maya Z and Cumberbatch Jalen D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,875
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
May 23, 2016
Sold by
Shirah Jacqueline J
Bought by
Shirah Jacqueline J and Jacqueline J Shirah Trust

Purchase Details

Closed on
Jan 14, 2016
Sold by
Shirah Jacqueline J
Bought by
Shirah Jacqueline J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 2011
Sold by
Shirah Jacqueline J
Bought by
Shirah Jacqueline J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,500
Interest Rate
4.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 19, 2004
Sold by
Spooner Jacqueline S
Bought by
Shirah Jacqueline J and Jacqueline J Shirah Trust

Purchase Details

Closed on
Aug 2, 2001
Sold by
Spooner Leslie M
Bought by
Spooner Jacqueline S

Purchase Details

Closed on
Jun 11, 1986
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
Andres Matias Santiago $755,000 Ticor Title
Issa Maya Z $500,000 Lawyers Title Company
Shirah Jacqueline J -- None Available
Shirah Jacqueline J -- Ticor Title Sd
Shirah Jacqueline J -- None Available
Shirah Jacqueline J -- --
Spooner Jacqueline S -- Benefit Land Title Company
-- $101,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andres Matias Santiago $705,000
Previous Owner Issa Maya Z $457,875
Previous Owner Shirah Jacqueline J $172,000
Previous Owner Shirah Jacqueline J $115,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2024 04/18/24 Sold $755,000 +0.7% $445 / Sq Ft
03/29/2024 03/29/24 Pending -- -- --
03/04/2024 03/04/24 For Sale $750,000 -- $442 / 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 $3,349 $770,099 $352,570 $417,529
2024 $3,349 $198,122 $90,705 $107,417
2023 $3,231 $194,238 $88,927 $105,311
2022 $3,157 $190,431 $87,184 $103,247
2021 $3,140 $186,698 $85,475 $101,223
2020 $2,998 $184,785 $84,599 $100,186
2019 $2,953 $181,163 $82,941 $98,222
2018 $2,830 $177,612 $81,315 $96,297
2017 $2,728 $174,130 $79,721 $94,409
2016 $2,612 $170,716 $78,158 $92,558
2015 $2,584 $168,152 $76,984 $91,168
2014 $2,546 $164,859 $75,476 $89,383
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240004682

San Diego MLS

APN: 504-171-17