NOT LISTED FOR SALE

Estimated Value: $1,554,000 - $1,951,996

6 Beds
4 Baths
2,328 Sq Ft
$764/Sq Ft Est. Value

Last Sold December 15, 2022

Last sale price $1,675,000 $720 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $11,154/month

26 Days on Market

Highlights

  • Property Near a Canyon
  • Valley View
  • Gentle Sloping Lot
  • McKinley Elementary School Rated A
  • Property is Fully Fenced

About This Home

As of December 2022

Back On Market - Buyer Couldn't Perform. Welcome home to this stunning North Park triplex, fully renovated and ready for your short or long term tenants! Centrally located blocks from the many popular restaurants & shops that make up the heart of North Park, this income-generating property features a 3 bed, 1.5 bath house above an additional 3 bed, 1 bath with an additional studio at the front of the unit and three side-by-side, off-street parking spots. The light and bright 3 bedroom units feature new quartz countertops + beautiful tile backsplash, sleek white kitchen cabinet design and vinyl flooring throughout. Both of those units have amazing "in-the-forest" back balconies overlooking a private eucalyptus canyon . . . no neighbors in back! All 3 units have their own washer/dryerhookup including the studio which is also fully remodeled from top to bottom, featuring new kitchen cabinets, quartz countertops, luxury vinyl plank flooring, new lighting fixtures and full bath rehab with porcelain tile bath enclosure. Each home has it's own private entrance and the property has 3 gas & electric meters in addition to 1 water meter . . . great for tenant management. This is the cash flowing property you've been waiting for!

Last Agent to Sell the Property

Jeff Larabee

Larabee Real Estate License #01708883 Listed on: 10/20/2022

Co-Listed By

JD Esajian

eXp Realty of California, Inc. License #01876262

Last Buyer's Agent

Ronald Greenwald

Sage Legacy Properties License #01264025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,090

Year Built

  • 1976

Lot Details

  • Property Near a Canyon
  • Property is Fully Fenced
  • Gentle Sloping Lot

Property Views

  • Valley
  • Park or Greenbelt

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Utilities

  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 453-562-18-00

Community Details

Overview

  • 3 Units

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,090

Year Built

1976

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Metro Uptown
  • Cross Street: Redwood
  • Neighborhood: Altadena
  • LP / Sq Ft: 14.66
  • Stories: 2 Story
  • Sale Price List Price: 0.99
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1976

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full
  • Roof: Composition
  • View: Greenbelt, Valley/Canyon

Utilities

  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: NORTH PARK

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Topography: Canyon/Valley, Slope Gentle
  • Water District: CITY OF SAN DIEGO
  • Assessor Parcel Number: 453-562-18-00

Multi Family

  • No. of Units: 3
  • Gross Rent Multiplier Projected: 13.8
  • Gross Sched Income Projected: 115800
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Dryers: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2022
Closed on
Feb 9, 2023
Sold by
Chris Palm Llc
Bought by
Christine Lee Palm Special Needs Trust and Manville
Seller's Agent
Jeff Larabee
Larabee Real Estate
Buyer's Agent
Ronald Greenwald
Sage Legacy Properties
List Price
$1,698,000
Sold Price
$1,675,000
Premium/Discount to List
-$23,000
-1.35%
Views
12
Current Estimated Value
$1,779,249

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,249
Avg. Annual Appreciation
2.20%

Purchase Details

Listed on
Jan 13, 2022
Closed on
Jan 20, 2022
Sold by
Pharr Dunn India
Bought by
Countrywide Re Llc
Seller's Agent
Jeff Larabee
Larabee Real Estate
Buyer's Agent
Jeff Larabee
Larabee Real Estate
Sold Price
$1,250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
47.73%
Original Mortgage
$640,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2015
Sold by
Dunn India Pharr and Dunn Kristian P L
Bought by
Dunn India Pharr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,850
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 12, 1998
Sold by
Hanna James E and Hanna Shirley J J
Bought by
Chaney India Pharr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,724
Interest Rate
6.82%
Mortgage Type
FHA

Purchase Details

Closed on
May 29, 1996
Sold by
Hanna James E
Bought by
Hanna James E and Hanna Shirley J

Purchase Details

Closed on
Aug 1, 1994
Sold by
Hanna James E
Bought by
Dalton Estelle R
Source: Public Records

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 Buyer Sale Price Title Company
Christine Lee Palm Special Needs Trust -- None Listed On Document
Countrywide Re Llc $1,250,000 First American Title
Dunn India Pharr -- Premium Title Of Ca Inc
Chaney India Pharr $191,000 Chicago Title Co
Hanna James E -- --
Hanna James E -- --
Dalton Estelle R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Countrywide Re Llc $640,000
Previous Owner Countrywide Re Llc $3,000,000
Previous Owner Dunn India Pharr $266,850
Previous Owner Chaney India Pharr $300,000
Previous Owner Chaney India Pharr $249,750
Previous Owner Chaney India Pharr $189,724
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2022 12/15/22 Sold $1,675,000 -1.4% $720 / Sq Ft
11/16/2022 11/16/22 Pending -- -- --
11/12/2022 11/12/22 For Sale $1,698,000 +1.4% $729 / Sq Ft
11/10/2022 11/10/22 Off Market $1,675,000 -- --
11/08/2022 11/08/22 For Sale $1,698,000 0.0% $729 / Sq Ft
10/28/2022 10/28/22 Pending -- -- --
10/20/2022 10/20/22 For Sale $1,698,000 +35.8% $729 / Sq Ft
03/15/2022 03/15/22 Sold $1,250,000 -- $658 / Sq Ft
01/14/2022 01/14/22 Pending -- -- --
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 $21,090 $1,742,670 $1,144,440 $598,230
2024 $21,090 $1,708,500 $1,122,000 $586,500
2023 $20,602 $282,141 $132,946 $149,195
2022 $3,505 $282,141 $132,946 $149,195
2021 $3,479 $276,610 $130,340 $146,270
2020 $3,437 $273,775 $129,004 $144,771
2019 $3,376 $268,408 $126,475 $141,933
2018 $3,159 $263,146 $123,996 $139,150
2017 $3,083 $257,987 $121,565 $136,422
2016 $3,033 $252,930 $119,182 $133,748
2015 $2,988 $249,131 $117,392 $131,739
2014 $2,942 $244,252 $115,093 $129,159
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 220026291

San Diego MLS

APN: 453-562-18