$830,000
SOLD OCT 15, 2020
4 Beds
2 Baths
1,524 Sq Ft
5,968 Sq Ft Lot

Recently Sold

$545 Per Sq Ft

4% Below List Price

26 Days on Market

Highlights

  • Property is Fully Fenced
  • Alcott Elementary School Rated A-
  • 1-Story Property

About This Home

As of October 2020

Rare Bay Ho duplex for sale. Complete renovation in 2016. Both units have private back yards, W/D hookups, stainless appliances, and finished garage space. Ideal way for owners to move into this highly-desired location and offset mortgage expense with 2nd unit's rent. Also suitable as a pure investment property in this central neighborhood. Walk or short drive to La Jolla, UTC, Pacific Beach, Mission Bay, parks/canyon hiking, future trolley station, schools, retail, restaurants 3042 Jemez lease expires February 28, 2021. 3044 Jemez lease is month-to-month. Owner is also selling 3278-80 Luna Ave, another nearby duplex. Buyers/Investors may offer on both properties together or one individually. For a combined offering memorandum of these two properties, please contact the listing agent.

Last Agent to Sell the Property

Timothy Coulter

Marcus & Millichap License #02107613 Listed on: 07/28/2020

Last Buyer's Agent

Joseph Falcone

Harcourts Prime Properties License #02009819

Harcourts Prime Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,852

Year Built

  • Built in 1954

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 1-Story Property
  • Property is Fully Fenced

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 359-120-18-00

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • 2 Units
  • Net Operating Income $33,366

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,852

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro
  • Cross Street: Jemez Dr & Hidalgo Ave
  • Neighborhood: Bay Ho
  • Supplement: 3042 Jemez lease expires February 28, 2021. 3044 Jemez lease is month-to-month. Owner is also selling 3278-80 Luna Ave, another nearby duplex. Buyers/Investors may offer on both properties together or one individually. For a combined offering memorandum of these two properties, please contact the listing agent.
  • Stories: 1 Story
  • Sale Price List Price: 0.96
  • Total Stories: 1
  • Year Built: 1954
  • Allow Comments Review: No
  • 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: Stucco
  • Fencing: Full
  • Roof: Composition

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: CLAIREMONT

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Water District: CITY OF SAN DIEGO
  • Assessor Parcel Number: 359-120-18-00
  • Water District URL: http://www.ci.san-diego.ca.us/water

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 33366
  • Annual Expense Actual: 13734
  • Gross Rent Multiplier Actual: 18.37
  • Gross Rent Multiplier Projected: 17.16
  • Gross Sched Income Actual: 47100
  • Gross Sched Income Projected: 50400
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Garage: 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

Closed on
Sep 13, 2024
Sold by
Apparito Family Trust and Apparito Joseph G
Bought by
Robinson Bryne and Maleki Baharak
Current Estimated Value
$1,154,559

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,021,500
Outstanding Balance
$1,011,763
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$142,796

Purchase Details

Closed on
Jan 31, 2022
Sold by
Apparito Joseph G and Apparito Lina
Bought by
Apparito Family Trust

Purchase Details

Listed on
Jul 28, 2020
Closed on
Oct 1, 2020
Sold by
Clarence Craig A and Clarence Catherine Lynn
Bought by
Apparito Joseph G and Falcone Apparito Lina
Seller's Agent
Timothy Coulter
Marcus & Millichap
Buyer's Agent
Joseph Falcone
Harcourts Prime Properties
List Price
$865,000
Sold Price
$830,000
Premium/Discount to List
-$35,000
-4.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.01%
Original Mortgage
$622,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 29, 2013
Closed on
Feb 28, 2014
Sold by
Clarence Craig A
Bought by
Clarence Craig A and Clarence Catherine Lynn
Seller's Agent
Karen Dodge
Pacific Paradise Realty
Buyer's Agent
Sandra Hatherley
Century 21 Masters
List Price
$505,000
Sold Price
$505,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.67%

Purchase Details

Listed on
Dec 29, 2013
Closed on
Feb 18, 2014
Sold by
Dejong Jan De
Bought by
Clarence Catherine Lynn
Seller's Agent
Karen Dodge
Pacific Paradise Realty
Buyer's Agent
Sandra Hatherley
Century 21 Masters
List Price
$505,000
Sold Price
$505,000

Purchase Details

Listed on
Dec 29, 2013
Closed on
Jan 16, 2014
Sold by
Tenir Llc
Bought by
Clarence Craig A
Seller's Agent
Karen Dodge
Pacific Paradise Realty
Buyer's Agent
Sandra Hatherley
Century 21 Masters
List Price
$505,000
Sold Price
$505,000

Purchase Details

Listed on
Dec 29, 2013
Closed on
Jan 10, 2014
Sold by
Toney Kimberly Sue
Bought by
George William A
Seller's Agent
Karen Dodge
Pacific Paradise Realty
Buyer's Agent
Sandra Hatherley
Century 21 Masters
List Price
$505,000
Sold Price
$505,000

Purchase Details

Listed on
Dec 29, 2013
Closed on
Jan 9, 2014
Sold by
George William A
Bought by
Tenir Llc
Seller's Agent
Karen Dodge
Pacific Paradise Realty
Buyer's Agent
Sandra Hatherley
Century 21 Masters
List Price
$505,000
Sold Price
$505,000

Purchase Details

Closed on
Jul 7, 2000
Sold by
Jmk Properties Llc
Bought by
George William A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
8.2%

Purchase Details

Closed on
Apr 4, 2000
Sold by
Furth Paul S and Furth Heise R
Bought by
Jmk Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,600
Interest Rate
8.24%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 17, 2000
Sold by
Furth Paul S
Bought by
Heise Sherilin Ruth

Purchase Details

Closed on
Jul 17, 1996
Sold by
Heise Sherilin R
Bought by
Heise Sherilin R and Furth Paul S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,500
Interest Rate
8.3%

Purchase Details

Closed on
Jan 1, 1996
Sold by
Heise Clarence Elmer
Bought by
Heise Sherilin Ruth

Purchase Details

Closed on
Jun 14, 1993
Sold by
Heise Miriam Elva
Bought by
Heise Clarence Elmer
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,135,000 Lawyers Title Company
Quit Claim Deed -- None Listed On Document
Grant Deed $830,000 Chicago Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $505,000 First American Title Company
Interfamily Deed Transfer -- First American Title Company
Grant Deed -- First American Title Company
Grant Deed $270,000 Lawyers Title
Trustee Deed $199,600 Lawyers Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- South Coast Title Company
Interfamily Deed Transfer -- --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,021,500 New Conventional
Previous Owner $622,500 New Conventional
Previous Owner $356,000 New Conventional
Previous Owner $353,500 New Conventional
Previous Owner $200,000 Credit Line Revolving
Previous Owner $221,000 Unknown
Previous Owner $216,000 No Value Available
Previous Owner $145,600 Credit Line Revolving
Previous Owner $120,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2020 10/15/20 Sold $830,000 -4.0% $545 / Sq Ft
08/24/2020 08/24/20 Pending -- -- --
07/28/2020 07/28/20 For Sale $865,000 +71.3% $568 / Sq Ft
01/27/2014 01/27/14 Sold $505,000 0.0% $331 / Sq Ft
01/10/2014 01/10/14 Pending -- -- --
12/29/2013 12/29/13 For Sale $505,000 -- $331 / 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 $10,852 $1,135,000 $900,000 $235,000
2024 $10,852 $880,801 $636,724 $244,077
2023 $10,613 $863,532 $624,240 $239,292
2022 $10,331 $846,600 $612,000 $234,600
2021 $10,261 $830,000 $600,000 $230,000
2020 $6,995 $566,046 $356,401 $209,645
2019 $6,870 $554,948 $349,413 $205,535
2018 $6,424 $544,067 $342,562 $201,505
2017 $6,271 $533,400 $335,846 $197,554
2016 $6,171 $522,942 $329,261 $193,681
2015 $6,080 $515,088 $324,316 $190,772
2014 $3,944 $331,878 $208,961 $122,917
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 200035624

San Diego MLS

APN: 359-120-18