NOT LISTED FOR SALE

Estimated Value: $3,087,000 - $4,234,000

4 Beds
3 Baths
1,540 Sq Ft
$2,211/Sq Ft Est. Value

Last Sold September 23, 2020

Last sale price $2,540,000 $1,649 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $21,571/month

160 Days on Market

Highlights

  • Bay View
  • Zoned Cooling
  • Level Lot
  • Pacific Beach Elementary School Rated A-
  • Property is Fully Fenced
  • 4-minute walk to Mission Beach Park

About This Home

As of September 2020

Rare piece of Legacy South Mission Beach Waterfront! Two Units perched overlooking miles of white sandy beach, sits this 3BR/2BA single level beach house w/ panoramic water, city, sunrise views PLUS an additional 1BR/1BA spacious apartment w/ water views of Mission Bay. Sip coffee w/ the sunrise each morning on your spacious patio, cruise the boardwalk or entertain all your guests at the beach w/ 3 Parking Spaces. This 2 Unit property is constantly booked and grosses over $125K in rentals each year! Shown with signed PEAD Form by buyer and review of the Attached Compass Shown Property COVID "Plan"..Own a piece of South Mission Legacy Property with unobstructed water/skyline views on a large 2 Unit Water Front Lot! OTHER INFO: 1) Classic Hardwood Floor, new Quartz counters, Stainless Kitchen Appliances 2) Both Units have Water Views from the Interiors 3) Both Units have Newer Washer/Dryers 4) Previous Owner in 2014 updated Electrical Panel Service & Painted

Last Agent to Sell the Property

Trevor Pike

Compass License #01739847 Listed on: 03/02/2020

Compass

Last Buyer's Agent

OUT OF AREA

OUT OF AREA License #00000000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $33,161

Year Built

  • Built in 1977

Lot Details

  • 2,690 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot

Property Views

  • Bay
  • Panoramic
  • City Lights

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • Zoned Cooling
  • Cooling System Mounted To A Wall/Window
  • Cable TV Available

Additional Features

  • 2-Story Property
  • West of 5 Freeway

Community Details

  • 2 Units
  • Duplex On Bay Community

Listing and Financial Details

  • Assessor Parcel Number 423-705-07-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$33,161

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: San Gabriel
  • Neighborhood: Mission Beach
  • Supplement: Shown with signed PEAD Form by buyer and review of the Attached Compass Shown Property COVID "Plan"..Own a piece of South Mission Legacy Property with unobstructed water/skyline views on a large 2 Unit Water Front Lot! OTHER INFO: 1) Classic Hardwood Floor, new Quartz counters, Stainless Kitchen Appliances 2) Both Units have Water Views from the Interiors 3) Both Units have Newer Washer/Dryers 4) Previous Owner in 2014 updated Electrical Panel Service & Painted
  • Stories: 2 Story
  • Sale Price List Price: 0.96
  • Total Stories: 2
  • Year Built: 1977
  • 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: Wood
  • Fencing: Full
  • Roof: Composition
  • View: Bay, City, Evening Lights, Panoramic

Utilities

  • Cooling: Wall/Window, Zoned Area(s)
  • Telecommunications: Cable (coaxial)

Condo/Co-op/Association

  • Complex Name: Duplex on Bay
  • Community: MISSION BEACH

Lot Info

  • Lot Size: 1-3,999 SF
  • Site: West of I-5
  • Topography: Level
  • Zoning: R-4:MULTIP
  • Assessor Parcel Number: 423-705-07-00
  • Estimated Lot Sq Ft: 2690
  • Estimated Number of Acres: 0.06
  • Map Code Column: J
  • Map Code Page: 1267
  • Map Code Row: 3

Multi Family

  • No. of Units: 2
  • Gross Rent Multiplier Actual: 21.0
  • Gross Rent Multiplier Projected: 20.0
  • Gross Sched Income Actual: 126000
  • Gross Sched Income Projected: 135000
  • Number Of Buildings: 1
  • Number Of Furnished Units: 2
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Fireplaces: 1
  • 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
Mar 2, 2020
Closed on
Aug 20, 2020
Sold by
Bottorff Thomas and Bottorff Edward A
Bought by
Bottorff Dorothy E
Seller's Agent
Trevor Pike
Compass
Buyer's Agent
OUT OF AREA
OUT OF AREA
List Price
$2,750,000
Sold Price
$2,540,000
Premium/Discount to List
-$210,000
-7.64%
Current Estimated Value
$3,405,437

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$865,437
Avg. Annual Appreciation
4.51%

Purchase Details

Listed on
Mar 2, 2020
Closed on
Aug 13, 2020
Sold by
Bottorff Thomas E and Bottorff Robin J
Bought by
2910 2912 Bayside Llc
Seller's Agent
Trevor Pike
Compass
Buyer's Agent
OUT OF AREA
OUT OF AREA
List Price
$2,750,000
Sold Price
$2,540,000
Premium/Discount to List
-$210,000
-7.64%

Purchase Details

Closed on
May 30, 2017
Sold by
Bottorff Dorothy E
Bought by
Bottorff Thomas E and Bottorff Edward A

Purchase Details

Closed on
May 1, 2015
Sold by
Lefton Cary J and Lefton Marla
Bought by
Bottorff Family Trust and Bottorff Robin J

Purchase Details

Closed on
Jul 2, 2014
Sold by
Brown C Tery and Brown Charlene A
Bought by
Lefton Cary J and Lefton Marla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,330,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 19, 2003
Sold by
Brown Charles and Brown Charlene
Bought by
Brown C Terry and Brown Charlene A

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
5.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 19, 1998
Sold by
Brown Family Trust No 1 and Terry C
Bought by
Brown C Terry and Brown Charlene A
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
Bottorff Dorothy E -- Accommodation
2910 2912 Bayside Llc $2,540,000 Chicago Title Company
Bottorff Thomas E -- None Available
Bottorff Family Trust $2,455,000 Chicago Title Company
Lefton Cary J $1,985,000 Corinthian Title Company
Brown C Terry -- Fidelity National Title Co
Brown Charles -- Fidelity National Title Co
Brown C Terry -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lefton Cary J $1,330,000
Previous Owner Brown Charles Terry $1,787,500
Previous Owner Brown Charles $172,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2020 09/23/20 Sold $2,540,000 -4.2% $1,649 / Sq Ft
08/10/2020 08/10/20 Pending -- -- --
06/15/2020 06/15/20 Price Changed $2,650,000 -3.6% $1,721 / Sq Ft
03/02/2020 03/02/20 For Sale $2,750,000 -- $1,786 / 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
2024 $33,161 $2,695,468 $2,525,675 $169,793
2023 $32,430 $2,642,616 $2,476,152 $166,464
2022 $31,566 $2,590,800 $2,427,600 $163,200
2021 $31,349 $2,540,000 $2,380,000 $160,000
2020 $33,229 $2,697,892 $2,582,505 $115,387
2019 $32,636 $2,644,993 $2,531,868 $113,125
2018 $30,508 $2,593,131 $2,482,224 $110,907
2017 $29,796 $2,542,286 $2,433,553 $108,733
2016 $29,326 $2,492,438 $2,385,837 $106,601
2015 $23,373 $1,985,000 $1,885,000 $100,000
2014 $7,328 $617,160 $530,976 $86,184
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 200010462

San Diego MLS

APN: 423-705-07