$680,000
SOLD AUG 28, 2020
4 Beds
4 Baths
965 Sq Ft
2,949 Sq Ft Lot

Recently Sold

$705 Per Sq Ft

7% Below List Price

89 Days on Market

Highlights

  • Property Near a Canyon
  • Partially Fenced Property
  • Heating System Uses Natural Gas
  • Laundry Facilities
  • Wood Siding

About This Home

As of October 2021

A+ location in the heart of South Park. Fixer income property with positive cash flow investment opportunity! Onsite laundry room, and low maintenance landscaping. Close proximity to shopping, restaurants, schools, churches, community centers, public transportation, and freeway access.

Last Agent to Sell the Property

Aron Hauser

Alex Joehnk Real Estate License #01330124

Last Buyer's Agent

Don Swanson

Don Swanson, Real Estate License #01271617

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,465

Year Built

  • Built in 1928

Lot Details

  • 2,949 Sq Ft Lot
  • Property Near a Canyon
  • Open Space
  • Partially Fenced Property

Home Design

  • Rolled or Hot Mop Roof
  • Composition Roof
  • Wood Siding

Additional Features

  • 2-Story Property
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 539-232-12-00

Community Details

Overview

  • 4 Units
  • N/A` Community

Additional Features

  • Laundry Facilities
  • Net Operating Income $32,682

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,465

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: 30th
  • Neighborhood: South Park
  • Stories: 2 Story
  • Sale Price List Price: 0.93
  • Total Stories: 2
  • Year Built: 1928
  • 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: Partial
  • Frontage: Canyon, Open Space
  • Roof: Composition, Rolled/Hot Mop

Condo/Co-op/Association

  • Complex Name: N/A`
  • Community: SAN DIEGO
  • Complex Features: Laundry Facilities

Lot Info

  • Lot Size: 1-3,999 SF
  • Assessor Parcel Number: 539-232-12-00
  • Estimated Lot Sq Ft: 2949

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 32682
  • Annual Expense Actual: 17598
  • Gross Rent Multiplier Actual: 15.39
  • Gross Rent Multiplier Projected: 14.38
  • Gross Sched Income Actual: 50280
  • Gross Sched Income Projected: 53799
  • Number Of Buildings: 1
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2021
Closed on
Oct 12, 2021
Sold by
Swanson Real Estate Solutions Inc
Bought by
Morefield Daniel J and The Morefield Family Trust
Seller's Agent
Don Swanson
Don Swanson, Real Estate
Buyer's Agent
Richard Woods
Woods Real Estate Services Inc
List Price
$1,295,000
Sold Price
$1,285,000
Premium/Discount to List
-$10,000
-0.77%
Total Days on Market
89
Current Estimated Value
$1,380,556

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,556
Avg. Annual Appreciation
2.03%

Purchase Details

Listed on
Mar 14, 2020
Closed on
Aug 22, 2020
Sold by
Karandikar Devesh
Bought by
Swanson Real Estate Solutions Inc
Seller's Agent
Aron Hauser
Alex Joehnk Real Estate
Buyer's Agent
Don Swanson
Don Swanson, Real Estate
List Price
$729,000
Sold Price
$680,000
Premium/Discount to List
-$49,000
-6.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
72.28%
Original Mortgage
$544,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 19, 2004
Sold by
Pazwash Haleh
Bought by
Karandikar Devesh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,200
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2004
Sold by
Stratton Jeffrey P
Bought by
Karandikar Devesh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,200
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 3, 2002
Sold by
Salas Dolly Marie
Bought by
Stratton Jeffrey P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
6.51%

Purchase Details

Closed on
Dec 5, 2001
Sold by
Pirie John Stephen
Bought by
Pirie John Stephen and Salas Dolly Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
6.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 18, 2000
Sold by
Pirie Reilly 1992 Family Trust and Stephen John
Bought by
Pirie John Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
7.69%
Mortgage Type
Credit Line Revolving

Map

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Grant Deed $1,285,000 Lawyers Title
Grant Deed $680,000 Lawyers Title Company
Interfamily Deed Transfer -- California Title Company
Grant Deed $569,000 California Title Company
Grant Deed $365,000 Southland Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $544,000 Commercial
Previous Owner $60,000 Commercial
Previous Owner $455,200 New Conventional
Previous Owner $292,000 No Value Available
Previous Owner $20,000 Unknown
Previous Owner $25,000 Credit Line Revolving
Previous Owner $60,000 Unknown
Previous Owner $10,000 Credit Line Revolving
Previous Owner $13,559 Unknown
Closed $56,900 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2021 10/29/21 Sold $1,285,000 -0.8% --
09/24/2021 09/24/21 Pending -- -- --
09/22/2021 09/22/21 For Sale $1,295,000 +90.4% --
08/28/2020 08/28/20 Sold $680,000 -6.7% $705 / Sq Ft
06/12/2020 06/12/20 Pending -- -- --
06/03/2020 06/03/20 Price Changed $729,000 0.0% $755 / Sq Ft
06/03/2020 06/03/20 For Sale $729,000 -1.5% $755 / Sq Ft
05/13/2020 05/13/20 Pending -- -- --
05/08/2020 05/08/20 Price Changed $740,000 -4.4% $767 / Sq Ft
03/14/2020 03/14/20 For Sale $774,000 -- $802 / Sq Ft
Source: San Diego MLS

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 $16,465 $1,336,914 $1,040,400 $296,514
2023 $16,101 $1,310,700 $1,020,000 $290,700
2022 $15,672 $1,285,000 $1,000,000 $285,000
2021 $8,421 $680,000 $530,000 $150,000
2020 $9,139 $739,713 $520,015 $219,698
2019 $8,977 $725,210 $509,819 $215,391
2018 $8,393 $710,991 $499,823 $211,168
2017 $80 $697,051 $490,023 $207,028
2016 $8,060 $683,384 $480,415 $202,969
2015 $7,942 $673,120 $473,199 $199,921
2014 $7,818 $659,935 $463,930 $196,005
Source: Public Records

Source: San Diego MLS

MLS Number: 200012908

San Diego MLS

APN: 539-232-12