NOT LISTED FOR SALE

3229-31 First Ave San Diego, CA 92103

Bankers Hill Neighborhood

Estimated Value: $1,807,000 - $2,013,000

4 Beds
2 Baths
1,600 Sq Ft
$1,175/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $1,590,000 $994 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $11,853/month

13 Days on Market

About This Home

As of October 2021

Bankers Hill, Spanish style duplex makes the perfect owner occupant unit with rental income. 3229 is a single level unit, hardwood floors, fireplace, coved ceilings, remodeled kitchen & bath, laundry and a bonus, detached studio that makes an ideal home office or family room. The outdoor space assigned to this unit has a seating area with firepit & dining area. 3231 is a charming 2 story unit with remodeled kitchen & bath, large patio area with built-in seating, laundry and storage. Rare opportunity for this amazing Bankers Hill location with Balboa Park at your doorstep and the eateries of Hillcrest next door, this could be it. Extensive remodel in 2013/2014 See supplement Owner used 3229 as a successful vacation rental collecting $66,852 per year. Long term tenant in 3231 collecting $27,600. Total yearly income of $94,452

Last Agent to Sell the Property

Gina Barnes

Compass License #01075249 Listed on: 06/30/2021

Compass

Last Buyer's Agent

Angelo La Bruna

Apartment Realty Group (ARG) License #01991625

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,265

Year Built

  • Built in 1931

Lot Details

  • 3,764 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot
  • Sprinklers on Timer

Home Design

  • Rolled or Hot Mop Roof
  • Stucco Exterior

Utilities

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

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 452-538-46-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,265

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Spruce
  • Neighborhood: Bankers Hill
  • Supplement: Owner used 3229 as a successful vacation rental collecting $66,852 per year. Long term tenant in 3231 collecting $27,600. Total yearly income of $94,452
  • LP / Sq Ft: 21.1
  • Sale Price List Price: 1.0
  • Year Built: 1931
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Rolled/Hot Mop

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: MISSION HILLS
  • Manager Name: Self managed

Lot Info

  • Irrigation: Automatic
  • Lot Size: 4,000-7,499 SF
  • Site: Sidewalks, Street Paved
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: MR-3-7
  • Assessor Parcel Number: 452-538-46-00
  • Estimated Lot Dimensions: 50x75
  • Estimated Lot Sq Ft: 3764
  • Water District URL: http://www.ci.san-diego.ca.us/water
  • Map Code Column: A
  • Map Code Page: 1269
  • Map Code Row: 7

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Gross Rent Multiplier Projected: 19.7
  • Gross Sched Income Projected: 75600
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Fireplaces: 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
Sep 19, 2024
Sold by
Antonio Robert G and Nguyens Tam An
Bought by
Antonio Robert G
Current Estimated Value
$1,880,022

Purchase Details

Closed on
Jul 23, 2021
Sold by
Lma Matthew Aaron and The Mami Trust
Bought by
Antonio Robert G and Nguyen Tam An

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,448,752
Interest Rate
2.8%
Mortgage Type
VA

Purchase Details

Closed on
Jul 21, 2011
Sold by
Ima Matthew
Bought by
Ima Matthew Aaron

Purchase Details

Closed on
Aug 13, 1998
Sold by
Dennis Slotter and Baracz Robert M
Bought by
Ima Matthew

Purchase Details

Closed on
Dec 19, 1994
Sold by
Lewis Robert F and Natzke Andrew K
Bought by
Slotter Dennis and Marshall James

Purchase Details

Closed on
Jan 31, 1990

Purchase Details

Closed on
Feb 15, 1989
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
Antonio Robert G -- None Listed On Document
Antonio Robert G $1,590,000 Fidelity Natl Ttl San Diego
Ima Matthew Aaron -- None Available
Ima Matthew $330,000 Old Republic Title Company
Slotter Dennis -- South Coast Title Co
-- $260,000 --
-- $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Antonio Robert G $1,448,752
Previous Owner Ima Matthew $215,281
Previous Owner Ima Matthew $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2021 10/15/21 Sold $1,590,000 -0.3% $994 / Sq Ft
07/14/2021 07/14/21 Pending -- -- --
06/30/2021 06/30/21 For Sale $1,595,000 -- $997 / 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 $20,265 $1,687,320 $1,273,449 $413,871
2024 $20,265 $1,654,236 $1,248,480 $405,756
2023 $19,817 $1,621,800 $1,224,000 $397,800
2022 $19,305 $1,590,000 $1,200,000 $390,000
2021 $5,922 $477,930 $362,074 $115,856
2020 $5,851 $473,031 $358,362 $114,669
2019 $5,747 $463,757 $351,336 $112,421
2018 $5,373 $454,665 $344,448 $110,217
2017 $5,246 $445,751 $337,695 $108,056
2016 $5,162 $437,012 $331,074 $105,938
2015 $5,086 $430,448 $326,101 $104,347
2014 $5,006 $422,017 $319,714 $102,303
Source: Public Records

Agents Affiliated with this Home

  • Gina Barnes

    Seller's Agent in 2021

    Gina Barnes

    Compass

    (619) 347-4415

    27 in this area

    120 Total Sales

    Gina Barnes
    Section Image
  • Angelo La Bruna

    Buyer's Agent in 2021

    Angelo La Bruna

    Apartment Realty Group (ARG)

    (858) 837-1456

    1 in this area

    57 Total Sales

    Angelo La Bruna
    Section Image
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Map

Source: San Diego MLS

MLS Number: 210018197

San Diego MLS

APN: 452-538-46

California San Diego County San Diego 92103 Bankers Hill

3229-31 First Ave, San Diego, CA

This home is located at 3229-31 First Ave, San Diego, CA 92103 since 30 June 2021 and is currently estimated at $1,880,022, approximately $1,175 per square foot. This property was built in 1931. 3229-31 First Ave is a home located in San Diego County with nearby schools including Florence Elementary School, Roosevelt International Middle School, and Museum School.

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