NOT LISTED FOR SALE

Estimated Value: $776,000 - $800,000

8 Beds
4 Baths
3,106 Sq Ft
$253/Sq Ft Est. Value

Last Sold July 31, 2017

Last sale price $950,000 $306 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $4,716/month

36 Days on Market

Highlights

  • Partially Fenced Property
  • 1-Story Property
  • 3-minute walk to Parkside Park

About This Home

As of July 2017

Great investment opportunity. TWO separate single family homes bundled together with over $71,000 of gross income! Great cash flow with solid A paper tenant. Seller will carry with 30% down. 2nd property address: 2757 Sula Way, 92139. 3 other property bundles available paired as well OR purchase all 8 Properties. Long term lease with ResCare until 2019 with annual 2% increase. Lease renewal pending. Tenant pays for utilities & landscaping. Two 1 story homes configured for ADA use: Wide doorways, handicapped equipped bathrooms and entries. Beautiful and clean outdoor living spaces. ResCare is dedicated to impacting communities for the better with a mission to help people live their best life. It is the largest private provider of services to people with disabilities, the largest privately-owned home care company and the largest career center workforce contractor in the U.S.

Last Agent to Sell the Property

Brian Cane

Keller Williams La Jolla License #01423505 Listed on: 06/08/2017

Keller Williams La Jolla

Last Buyer's Agent

Non-Member Default

Default Non-Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,576

Year Built

  • Built in 1973

Lot Details

  • 5,400 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Community Details

  • 2 Buildings
  • Net Operating Income $52,890

Listing and Financial Details

  • Tenant pays for water, cable TV, electricity, gas/propane
  • Assessor Parcel Number 591-350-32-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,576

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: Parkside Ave
  • Neighborhood: Paradise Hills
  • Supplement: Two 1 story homes configured for ADA use: Wide doorways, handicapped equipped bathrooms and entries. Beautiful and clean outdoor living spaces. ResCare is dedicated to impacting communities for the better with a mission to help people live their best life. It is the largest private provider of services to people with disabilities, the largest privately-owned home care company and the largest career center workforce contractor in the U.S.
  • LP / Sq Ft: 18.33
  • Stories: 1 Story
  • Sale Price List Price: 0.95
  • Total Stories: 1
  • Year Built: 1973
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

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

Utilities

  • Cooling: Central Forced Air

Condo/Co-op/Association

  • Community: PARADISE HILLS

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Zoning: R-1:SINGLE
  • Assessor Parcel Number: 591-350-32-00
  • Land Use Code: R-1
  • Estimated Lot Sq Ft: 5400
  • Estimated Number of Acres: 0.12
  • Map Code Column: E
  • Map Code Page: 1310
  • Map Code Row: 2

Rental Info

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

Multi Family

  • No. of Units: 1
  • Actual Net Operating Income: 52890
  • Annual Expense Actual: 18600
  • Annual Expense Projected: 18600
  • Gross Rent Multiplier Actual: 13.93
  • Gross Rent Multiplier Projected: 13.66
  • Gross Sched Income Actual: 71492
  • Gross Sched Income Projected: 72922
  • Number Of Buildings: 2
  • 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: 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
  • Number Of Units With Washers: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 17, 2020
Sold by
Deguzman Hernan and De Guzman Suanne
Bought by
Deguzman Hernan and Deguzman Suanne
Total Days on Market
36
Current Estimated Value
$785,324

Purchase Details

Listed on
Jun 8, 2017
Closed on
Jul 18, 2017
Sold by
Sb Assets Llc
Bought by
Deguzman Hernan and Deguzman Suanne
Seller's Agent
Brian Cane
Keller Williams La Jolla
Buyer's Agent
Non-Member Default
Default Non-Member Office
List Price
$995,900
Sold Price
$950,000
Premium/Discount to List
-$45,900
-4.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.40%

Purchase Details

Closed on
Jan 9, 2012
Sold by
Cheneweth James
Bought by
Sb Assets Llc

Purchase Details

Closed on
Aug 25, 2010
Sold by
Grady James S
Bought by
Cheneweth James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,400
Interest Rate
4.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 13, 2006
Sold by
Grady Joan Sass
Bought by
Grady James S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,500
Interest Rate
10.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2006
Sold by
San Nicolas Anthony E and San Nicolas Natividad P
Bought by
Grady James S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,500
Interest Rate
10.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 30, 1984
Source: Public Records

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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
Deguzman Hernan -- None Available
Deguzman Hernan $950,000 Chicago Title Company
Sb Assets Llc -- None Available
Cheneweth James $258,000 Chicago Title Company
Grady James S -- First American Title
Grady James S $485,000 First American Title
-- $89,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sb Assets Llc $238,000
Previous Owner Cheneweth James $206,400
Previous Owner Grady James S $436,500
Previous Owner San Nicolas Anthony E $239,000
Previous Owner Sannicolas Anthony E $194,000
Previous Owner Sannicolas Anthony E $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2017 07/31/17 Sold $950,000 -4.6% $306 / Sq Ft
07/14/2017 07/14/17 Pending -- -- --
06/08/2017 06/08/17 For Sale $995,900 -- $321 / 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 $6,576 $518,713 $362,542 $156,171
2023 $6,427 $508,543 $355,434 $153,109
2022 $6,249 $498,572 $348,465 $150,107
2021 $6,199 $488,797 $341,633 $147,164
2020 $6,123 $483,786 $338,130 $145,656
2019 $6,000 $474,300 $331,500 $142,800
2018 $5,618 $465,000 $325,000 $140,000
2017 $80 $284,802 $157,736 $127,066
2016 $3,432 $279,219 $154,644 $124,575
2015 $3,384 $275,026 $152,322 $122,704
2014 $3,332 $269,640 $149,339 $120,301
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 170029858

San Diego MLS

APN: 591-350-32