NOT LISTED FOR SALE

3135-37 Boundary St San Diego, CA 92104

North Park Neighborhood

Estimated Value: $1,067,000 - $1,229,000

4 Beds
2 Baths
-- Sq Ft
0.94 Acres

Last Sold November 20, 2019

Last sale price $685,000

Est. 71% increase in value since last sale

Current estimated payment $7,385/month

50 Days on Market

Highlights

  • Laundry Facilities
  • Partially Fenced Property
  • Gentle Sloping Lot
  • McKinley Elementary School Rated A

About This Home

As of November 2019

Superb Location in the North Park/South Park Area. This is Mainly a Single Family Neighborhood. This is the Best Priced 2 Unit Property in the Area West of 805. 2-2BR/1BA Units and 1 Garage in the Rear. 3 Parking Spaces. There is a common laundry room next door. Fantastic Upside in the Rents!! With Minimal Upgrades the Rents Could Be $1,800. With Full Upgrades you might get $2,100. There is a common driveway easement shared with the neighboring owners. Please do not disturb tenants.

Last Agent to Sell the Property

Terry Taylor

Apartment Consultants Incorporated License #01041788 Listed on: 09/10/2019

Last Buyer's Agent

Terry Taylor

Apartment Consultants Incorporated License #01041788 Listed on: 09/10/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,158

Year Built

  • Built in 1958

Lot Details

  • Partially Fenced Property
  • Gentle Sloping Lot

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 453-781-09

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Duplex Community

Additional Features

  • Laundry Facilities
  • Net Operating Income $24,186

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,158

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Redwood
  • Neighborhood: North Park
  • LP / Sq Ft: 22.0
  • Stories: 2 Story
  • Sale Price List Price: 0.99
  • Total Stories: 2
  • Year Built: 1958
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

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

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial)
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: Duplex
  • Community: NORTH PARK
  • Complex Features: Laundry Facilities

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Public Street
  • Topography: Slope Gentle
  • Assessor Parcel Number: 453-781-09
  • Map Code Column: F
  • Map Code Page: 1269
  • Map Code Row: 7

Rental Info

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

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 24186
  • Annual Expense Actual: 8035
  • Annual Expense Projected: 11774
  • Gross Rent Multiplier Actual: 20.91
  • Gross Rent Multiplier Projected: 15.55
  • Gross Sched Income Actual: 33240
  • Gross Sched Income Projected: 44700
  • Number Of Buildings: 2
  • Number Of Units With Garage: 1
  • 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
Dec 23, 2020
Sold by
Peck Michael and Peck Stephanie
Bought by
Peck Michael and Peck Stephanie
Current Estimated Value
$1,168,820

Purchase Details

Closed on
Oct 22, 2020
Sold by
Income Property Advisors
Bought by
Peck Michael and Peck Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,500
Outstanding Balance
$573,718
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$659,983

Purchase Details

Listed on
Sep 10, 2019
Closed on
Nov 12, 2019
Sold by
3135 Kal Pacific Llc
Bought by
Income Property Advisors Inc
Seller's Agent
Terry Taylor
Apartment Consultants Incorporated
Buyer's Agent
Terry Taylor
Apartment Consultants Incorporated
List Price
$695,000
Sold Price
$685,000
Premium/Discount to List
-$10,000
-1.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.95%
Original Mortgage
$615,000
Interest Rate
3.5%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 11, 2006
Sold by
Finkelstein David and Tan Herlinda
Bought by
3135 Kal Pacific Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Interest Rate
6.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 19, 2006
Sold by
Tan Herlinda and Finkelstein David
Bought by
Finkelstein David and Tan Herlinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Interest Rate
6.57%
Mortgage Type
Commercial

Purchase Details

Closed on
May 14, 2004
Sold by
Kal Pacific Llc
Bought by
Finkelstein David and Tan Herlinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,300
Interest Rate
7.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 17, 2002
Sold by
Long Alexander and Long Katherina L
Bought by
Kal Pacific Llc

Purchase Details

Closed on
Apr 24, 2000
Sold by
Pine Properties and Walz Devon S
Bought by
Long John Alexander and Long Katherine L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
4.35%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Peck Michael -- Corinthian Title Company Inc
Peck Michael $850,000 Chicago Title Company Sd
Income Property Advisors Inc $685,000 Chicago Title Company
3135 Kal Pacific Llc -- None Available
Finkelstein David -- New Century Title Company
Finkelstein David $349,500 Chicago Title Co
Kal Pacific Llc -- --
Long John Alexander $110,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peck Michael $637,500
Previous Owner Income Property Advisors Inc $615,000
Previous Owner Kal Pacific Llc $175,000
Previous Owner Finkelstein David $464,000
Previous Owner Finkelstein David $256,000
Previous Owner Finkelstein David $279,300
Previous Owner Long John Alexander $95,000
Previous Owner Long John Alexander $88,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2019 11/20/19 Sold $685,000 -1.4% --
10/31/2019 10/31/19 Pending -- -- --
09/10/2019 09/10/19 For Sale $695,000 -- --
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 $11,158 $902,026 $689,785 $212,241
2023 $10,911 $884,340 $676,260 $208,080
2022 $10,619 $867,000 $663,000 $204,000
2021 $10,544 $850,000 $650,000 $200,000
2020 $8,494 $685,000 $422,709 $262,291
2019 $5,031 $402,746 $248,532 $154,214
2018 $4,706 $394,850 $243,659 $151,191
2017 $4,594 $387,109 $238,882 $148,227
2016 $4,520 $379,520 $234,199 $145,321
2015 $4,453 $373,821 $230,682 $143,139
2014 $4,384 $366,500 $226,164 $140,336
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2019

    Terry Taylor

    Apartment Consultants Incorporated

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Map

Source: San Diego MLS

MLS Number: 190050232

San Diego MLS

APN: 453-781-09

California San Diego County San Diego 92104 North Park

3135-37 Boundary St, San Diego, CA

This home is located at 3135-37 Boundary St, San Diego, CA 92104 since 10 September 2019 and is currently estimated at $1,168,820. This property was built in 1958. 3135-37 Boundary St is a home located in San Diego County with nearby schools including McKinley Elementary School, Roosevelt International Middle School, and St. Patrick's School.

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