Seller's Agent in 2023
Glen Henderson
LPT Realty,Inc
(619) 889-7646
7 in this area
167 Total Sales
306 Elm Ave Imperial Beach, CA 91932
Estimated Value: $914,260 - $1,158,000
8
Beds
4
Baths
2,784
Sq Ft
$370/Sq Ft
Est. Value
Highlights
- City View
- Partially Fenced Property
- Gravity Heating System
- Corner Lot
- West of 5 Freeway
- 1-Story Property
About This Home
As of May 2023Only 2 Blocks from the beach! Situated on the corner of 3rd Street and Elm Avenue, this corner lot totals .27 acres. This sale consists of two parcels being sold together - 306-308 Elm Ave and 861-865 3rd St. The property consists of two duplexes, for a total of four (4) units. Each unit is 2 bedrooms, 1 bath, and approximately 692 square feet. In addition to the 4 units, there are two (2), 2-car detached garages that provide an excellent opprotunity to convert to ADUs, and each unit has its own fenced yard. The units can be upgraded to higher-end finishes, providing over a 40% potential upside in rents. This property offers a rare opportunity to own a large corner lot only 2-blocks from the beach in one of San Diego's most up-and-coming coastal communities.
Last Agent to Sell the Property
LPT Realty,Inc License #01384181 Listed on: 03/02/2023
Last Buyer's Agent
Kate Gillingham Milke
Coronado Island Realty License #01782461
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1951
Lot Details
- 0.27 Acre Lot
- Partially Fenced Property
- Corner Lot
- Level Lot
Home Design
- Composition Roof
- Stucco Exterior
Interior Spaces
- 1-Story Property
- City Views
Location
- West of 5 Freeway
Utilities
- Gravity Heating System
- Separate Water Meter
- Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas/propane
- Assessor Parcel Number 625-293-23-00
Community Details
Overview
- 2 Buildings
- 4 Units
Pet Policy
- Pets Allowed
Building Details
- Net Operating Income $58,396
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 2, 2023
Closed on
Apr 26, 2023
Sold by
Revocabl Morton and Revocabl Marcia
Bought by
Kithara Rentals Llc
Seller's Agent
Glen Henderson
LPT Realty,Inc
Buyer's Agent
Kate Gillingham Milke
Coronado Island Realty
List Price
$2,099,900
Sold Price
$1,955,400
Premium/Discount to List
-$144,500
-6.88%
Views
73
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$923,980
Avg. Annual Appreciation
-21.81%
Original Mortgage
$1,250,000
Outstanding Balance
$1,214,797
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
-$183,377
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kithara Rentals Llc | $2,000,000 | Commonwealth Land Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kithara Rentals Llc | $1,250,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/15/2023 05/15/23 | Sold | $1,955,400 | -6.9% | $702 / Sq Ft |
| 03/30/2023 03/30/23 | Pending | -- | -- | -- |
| 03/02/2023 03/02/23 | For Sale | $2,099,900 | -- | $754 / Sq Ft |
Source: San Diego MLS
Tax History Compared to Growth
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 | $12,330 | $1,040,400 | $832,320 | $208,080 |
| 2024 | $12,330 | $1,020,000 | $816,000 | $204,000 |
| 2023 | $2,574 | $161,077 | $73,218 | $87,859 |
| 2022 | $2,453 | $157,920 | $71,783 | $86,137 |
| 2021 | $2,358 | $154,825 | $70,376 | $84,449 |
| 2020 | $2,484 | $153,239 | $69,655 | $83,584 |
| 2019 | $2,497 | $150,236 | $68,290 | $81,946 |
| 2018 | $2,600 | $147,291 | $66,951 | $80,340 |
| 2017 | $2,365 | $144,404 | $65,639 | $78,765 |
| 2016 | $2,322 | $141,573 | $64,352 | $77,221 |
| 2015 | $2,262 | $139,448 | $63,386 | $76,062 |
| 2014 | $2,190 | $136,718 | $62,145 | $74,573 |
Source: Public Records
Agents Affiliated with this Home
-
Glen Henderson
-
K
Buyer's Agent in 2023
Kate Gillingham Milke
Coronado Island Realty
Map
Source: San Diego MLS
MLS Number: 230003954
APN: 625-293-23
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