NOT LISTED FOR SALE

Estimated Value: $930,284 - $1,025,000

3 Beds
3 Baths
-- Sq Ft
4,984 Sq Ft Lot

Last Sold May 22, 2023

Last sale price $795,000

Est. 21% increase in value since last sale

Current estimated payment $5,868/month

62 Days on Market

Highlights

  • Property is Fully Fenced
  • 1-Story Property
  • 4-minute walk to J St Park
  • Level Lot

About This Home

As of May 2023

Attention Investors! Great 2-on-1 with Potential to add Additional Units! Fully Rented for Immediate Return on Investment. Front House~3 Bed/1.5 Bath, Remodeled Kitchen & Bath, Laundry Hookups, Full Basement & Wrap Around Yard! Back House~ Spacious Studio Cottage with Full Bath & Private Fenced Yard! Both Homes share Gated Parking with Alley Access! This is a fantastic property located within an Opportunity Zone for significant potential tax benefits for the savvy buyer! Fully Rented, with Great Upside Potential by adding ADU's! Both units have been upgraded with dual pane windows newer roofs, remodeled kitchens & baths, hard surface flooring & individual laundry. Low-maintenance, spacious outdoor areas for each home, giving each property plenty of privacy. There is an electronic rolling gate for driveway access off the alley. It would be easy to add a second bath to the front house & there is a full basement, allowing easy access to plumbing!

Last Agent to Sell the Property

Tugg Snowbarger

Grand Pacific Properties Group License #01311637 Listed on: 02/01/2023

Co-Listed By

Richard Neely

Grand Pacific Properties Group License #01264175

Last Buyer's Agent

Matt Harder

Keller Williams La Jolla License #02002359

Keller Williams La Jolla

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,016

Year Built

  • Built in 1920

Lot Details

  • 4,984 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Parking

  • Alley Access
  • Automatic Gate

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 545-210-05-00

Community Details

Overview

  • 2 Units
  • N/K Community

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $53,940

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,016

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: 32nd St
  • Neighborhood: San Diego
  • Supplement: This is a fantastic property located within an Opportunity Zone for significant potential tax benefits for the savvy buyer! Fully Rented, with Great Upside Potential by adding ADU's! Both units have been upgraded with dual pane windows newer roofs, remodeled kitchens & baths, hard surface flooring & individual laundry. Low-maintenance, spacious outdoor areas for each home, giving each property plenty of privacy. There is an electronic rolling gate for driveway access off the alley. It would be easy to add a second bath to the front house & there is a full basement, allowing easy access to plumbing!
  • Stories: 1 Story
  • Sale Price List Price: 0.99
  • Total Stories: 1
  • Year Built: 1920
  • 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: Stucco
  • Fencing: Full
  • Roof: Composition

Utilities

  • Cooling: Wall/Window
  • Security: Automatic Gate
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: n/k
  • Pets Allowed: Yes
  • Community: SAN DIEGO

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access
  • Topography: Level
  • Zoning: R-2:MINOR
  • Assessor Parcel Number: 545-210-05-00
  • Estimated Lot Sq Ft: 4984
  • Estimated Number of Acres: 0.11
  • Map Code Column: F
  • Map Code Page: 1289
  • Map Code Row: 3

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 53940
  • Gross Rent Multiplier Actual: 14.8
  • Gross Rent Multiplier Projected: 14.8
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 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

Listed on
Apr 23, 2020
Closed on
Jun 3, 2020
Sold by
Pedroza Juan Moreno
Bought by
Costa Joao and Costa Nuno
Seller's Agent
Leah Greenwood
Stay Golden Inc dba Gold Coast Real Estate
Buyer's Agent
Evan Morris
Orion Management & Realty Inc.
List Price
$549,900
Sold Price
$540,000
Premium/Discount to List
-$9,900
-1.8%
Current Estimated Value
$961,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$421,571
Avg. Annual Appreciation
11.39%
Original Mortgage
$459,000
Outstanding Balance
$406,868
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$554,703

Purchase Details

Closed on
Jun 25, 2018
Sold by
Moreno Pedroza Juan and Moreno Adriana
Bought by
Moreno Pedroza Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 20, 2012
Closed on
Jul 18, 2012
Sold by
Federal National Mortgage Association
Bought by
Moreno Pedroza Juan
Seller's Agent
Larry McKenzie
The Broker Network
Buyer's Agent
Leah Greenwood
Stay Golden Inc dba Gold Coast Real Estate
List Price
$159,900
Sold Price
$179,900
Premium/Discount to List
$20,000
12.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.49%
Original Mortgage
$143,200
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 2011
Sold by
Gmac Mortgage Llc
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 21, 2011
Sold by
Palmer Thomas Selane and Thomas Orvin
Bought by
Gmac Mortgage Llc

Purchase Details

Closed on
Mar 5, 2007
Sold by
Palmer Thomas Selane and Thomas Orvin
Bought by
Palmer Thomas Selane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 4, 2003
Sold by
Palmer Columbus and Palmer Ca Sandra L
Bought by
Palmer Columbus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
5.83%

Purchase Details

Closed on
Oct 4, 1994
Sold by
Palmer Columbus and Palmer Ca Sandra L
Bought by
Palmer Columbus and Palmer Ca Sandra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,000
Interest Rate
8.18%

Purchase Details

Closed on
Mar 3, 1994
Sold by
Palmer Columbus
Bought by
Palmer Columbus and Palmer Selane Genice
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
Costa Joao $540,000 Lawyers Title Company
Moreno Pedroza Juan -- Lawyers Title Company
Moreno Pedroza Juan $180,000 Lsi Title Company
Federal National Mortgage Association -- None Available
Gmac Mortgage Llc $324,975 Accommodation
Palmer Thomas Selane -- Accommodation
Thomas Orvin $470,000 New Century Title Co
Palmer Columbus -- Commerce Title Co
Palmer Columbus -- Continental Lawyers Title
Palmer Columbus -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Costa Joao $459,000
Previous Owner Moreno Pedroza Juan $325,000
Previous Owner Moreno Pedroza Juan $143,200
Previous Owner Thomas Orvin $376,000
Previous Owner Palmer Columbus $115,000
Previous Owner Palmer Columbus $43,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/22/2023 05/22/23 Sold $795,000 -0.5% --
04/05/2023 04/05/23 Pending -- -- --
02/01/2023 02/01/23 For Sale $799,000 0.0% --
01/10/2023 01/10/23 Rented $2,600 0.0% --
01/09/2023 01/09/23 Under Contract -- -- --
01/03/2023 01/03/23 Price Changed $2,600 -5.5% $3 / Sq Ft
12/16/2022 12/16/22 Price Changed $2,750 -1.6% $3 / Sq Ft
12/03/2022 12/03/22 For Rent $2,795 0.0% --
06/22/2020 06/22/20 Sold $540,000 -1.8% $369 / Sq Ft View Prior Sale
05/29/2020 05/29/20 Pending -- -- --
05/28/2020 05/28/20 For Sale $549,900 0.0% $376 / Sq Ft
05/19/2020 05/19/20 Pending -- -- --
05/18/2020 05/18/20 Price Changed $549,900 -4.3% $376 / Sq Ft
04/23/2020 04/23/20 Price Changed $574,900 -8.0% $393 / Sq Ft
04/23/2020 04/23/20 For Sale $625,000 +247.4% $427 / Sq Ft
08/01/2012 08/01/12 Sold $179,900 +12.5% $191 / Sq Ft View Prior Sale
07/02/2012 07/02/12 Pending -- -- --
06/20/2012 06/20/12 For Sale $159,900 -- $170 / 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
2025 $10,016 $827,116 $360,310 $466,806
2024 $10,016 $810,899 $353,246 $457,653
2023 $6,922 $556,505 $242,426 $314,079
2022 $6,737 $556,505 $242,426 $314,079
2021 $6,689 $545,594 $237,673 $307,921
2020 $2,826 $232,621 $101,335 $131,286
2019 $2,775 $228,061 $99,349 $128,712
2018 $2,594 $223,590 $97,401 $126,189
2017 $2,531 $219,207 $95,492 $123,715
2016 $2,488 $214,910 $93,620 $121,290
2015 $2,450 $211,683 $92,214 $119,469
2014 $2,411 $207,537 $90,408 $117,129
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 230002090

San Diego MLS

APN: 545-210-05