$1,450,000
SOLD NOV 6, 2023
6 Beds
4 Baths
2,060 Sq Ft
5,869 Sq Ft Lot

Recently Sold

$704 Per Sq Ft

3% Below List Price

7 Days on Market

Highlights

  • Property is Fully Fenced
  • Alcott Elementary School Rated A-
  • 1-Story Property

About This Home

As of November 2023

Investor's Delight! Completely Remodeled, Turn-Key, 6 Bedroom / 4 Bath Duplex in an Amazing Location w/ High Rents and High CAP rate. Prime For DSCR Loan. Each unit has been fully upgraded w/ modern amenities recently, including open-concept living spaces, kitchens with Quartz counters, Shaker style cabinets, SS appliances w/ stack washer & dryer, tank-less water heaters, recessed LED lighting, multiple ceiling fans, dualpane windows & patio sliders, private & fully fenced patios w/ fresh concrete & low-maintenance, drought-tolerant landscaping. Other finishes include laminate & tile flooring throughout, tubs & showers in each unit, dedicated garages w/ automatic openers, skylights & more. Each unit has separate gas & electric meters. The ACTUAL monthly rental income is $9,200 & tenants pay all utilities (water, gas, and electric). Zoning may allow for potential of multiple ADUs w/ bonus units. Property is in a Transit area as well. Properties like this are a RARE find, especially in this desirable area.

Last Agent to Sell the Property

Brian Cane

Keller Williams La Jolla License #01423505 Listed on: 10/02/2023

Keller Williams La Jolla

Co-Listed By

Jeffrey Krahl

Keller Williams Realty LaJolla License #02002909

Last Buyer's Agent

Brooke Richards

Finest City Homes License #02026460

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,842

Year Built

  • Built in 1954

Lot Details

  • 5,869 Sq Ft Lot
  • Property is Fully Fenced

Home Design

  • Wood Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Listing and Financial Details

  • Tenant pays for water, cable TV, electricity, gas/propane
  • Assessor Parcel Number 359-242-05-00

Community Details

Overview

  • 2 Units
  • 3244 46 Idlewild Way Community

Building Details

  • Net Operating Income $108,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,842

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro
  • Cross Street: Justland Dr
  • Neighborhood: Bay Ho
  • Stories: 1 Story
  • Sale Price List Price: 0.97
  • Total Stories: 1
  • Year Built: 1954
  • 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: Wood

Condo/Co-op/Association

  • Complex Name: 3244-46 Idlewild Way
  • Community: CLAIREMONT

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Zoning: R-2:MINOR
  • Assessor Parcel Number: 359-242-05-00
  • Estimated Lot Sq Ft: 5869
  • Estimated Number of Acres: 0.14
  • Map Code Column: C
  • Map Code Page: 1248
  • Map Code Row: 1

Rental Info

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

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 108000
  • Annual Expense Actual: 2400
  • Gross Rent Multiplier Actual: 14.49
  • Gross Rent Multiplier Projected: 14.5
  • Gross Sched Income Actual: 110400
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 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

Listed on
Oct 2, 2023
Closed on
Nov 1, 2023
Sold by
Red Door Assets Llc
Bought by
Richards Brandon
Seller's Agent
Brian Cane
Keller Williams La Jolla
Buyer's Agent
Brooke Richards
Finest City Homes
List Price
$1,495,000
Sold Price
$1,450,000
Premium/Discount to List
-$45,000
-3.01%
Views
97
Current Estimated Value
$1,476,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,830
Avg. Annual Appreciation
1.07%
Original Mortgage
$1,087,500
Outstanding Balance
$1,070,787
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$406,043

Purchase Details

Listed on
Oct 2, 2023
Closed on
Oct 12, 2023
Sold by
Richards Brooke
Bought by
Richards Brandon
Seller's Agent
Brian Cane
Keller Williams La Jolla
Buyer's Agent
Brooke Richards
Finest City Homes
List Price
$1,495,000
Sold Price
$1,450,000
Premium/Discount to List
-$45,000
-3.01%
Views
97

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,087,500
Outstanding Balance
$1,070,787
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$406,043

Purchase Details

Listed on
Oct 2, 2023
Closed on
Oct 11, 2023
Sold by
Barrad Brett
Bought by
Red Door Assets Llc
Seller's Agent
Brian Cane
Keller Williams La Jolla
Buyer's Agent
Brooke Richards
Finest City Homes
List Price
$1,495,000
Sold Price
$1,450,000
Premium/Discount to List
-$45,000
-3.01%
Views
97

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,087,500
Outstanding Balance
$1,070,787
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$406,043

Purchase Details

Closed on
Jan 8, 2020
Sold by
Dopp Kathleen Ann
Bought by
Barrad Brett

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 2, 2018
Closed on
Nov 15, 2018
Sold by
Krieger Tammie
Bought by
Red Door Assets Llc
Seller's Agent
Ronald Greenwald
Sage Legacy Properties
Buyer's Agent
Jeffrey Krahl
Keller Williams Realty LaJolla
List Price
$578,500
Sold Price
$607,500
Premium/Discount to List
$29,000
5.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.22%
Original Mortgage
$486,000
Interest Rate
4.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 7, 2016
Sold by
Krieger Richard F
Bought by
Krieger Richard F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2015
Sold by
Krieger Richard F
Bought by
Krieger Richard F

Purchase Details

Closed on
Aug 12, 2010
Sold by
Krieger Lila M
Bought by
Krieger Richard F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
4.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2007
Sold by
Krieger Richard F
Bought by
Krieger Richard F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,000
Interest Rate
7.87%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Aug 17, 2006
Sold by
Krieger Richard F
Bought by
Krieger Richard F

Purchase Details

Closed on
Aug 1, 2006
Sold by
Krieger Richard F
Bought by
Krieger Richard F

Purchase Details

Closed on
Jan 15, 1999
Sold by
Krieger Richard F
Bought by
Krieger Richard F

Purchase Details

Closed on
Feb 7, 1997
Sold by
Krieger Lila M and Morgan Lila M
Bought by
Krieger Richard F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7.66%

Purchase Details

Closed on
Apr 17, 1996
Sold by
Krieger Richard F
Bought by
Krieger Richard F

Purchase Details

Closed on
Apr 4, 1996
Sold by
Krieger Richard
Bought by
Krieger Richard

Purchase Details

Closed on
Sep 8, 1995
Sold by
Krieger Richard F
Bought by
Krieger Richard F

Purchase Details

Closed on
Mar 1, 1984
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,450,000 Ticor Title Company
Deed -- Ticor Title
Grant Deed -- Ticor Title
Interfamily Deed Transfer -- First American Title
Grant Deed -- First American Title
Grant Deed $607,500 First American Title
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- First American Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Pacific Coast Title Company
Interfamily Deed Transfer -- Chicago Title Co
Interfamily Deed Transfer -- Southland Title
Interfamily Deed Transfer -- Southland Title
Interfamily Deed Transfer -- Southland Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Stewart Title
Interfamily Deed Transfer -- Stewart Title
Interfamily Deed Transfer -- Stewart Title
Interfamily Deed Transfer -- --
Deed $115,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,087,500 New Conventional
Previous Owner $723,200 New Conventional
Previous Owner $720,000 New Conventional
Previous Owner $607,500 Commercial
Previous Owner $486,000 Commercial
Previous Owner $305,000 New Conventional
Previous Owner $292,000 New Conventional
Previous Owner $267,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $72,192 Unknown
Previous Owner $75,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2024 07/26/24 Rented $4,800 0.0% --
07/16/2024 07/16/24 For Rent $4,800 0.0% --
11/06/2023 11/06/23 Sold $1,450,000 -3.0% $704 / Sq Ft
10/10/2023 10/10/23 Pending -- -- --
10/02/2023 10/02/23 For Sale $1,495,000 +146.1% $726 / Sq Ft
11/20/2018 11/20/18 Sold $607,500 +5.0% --
11/09/2018 11/09/18 Pending -- -- --
11/02/2018 11/02/18 For Sale $578,500 -- --
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 $17,842 $1,479,000 $989,400 $489,600
2024 $17,842 $1,450,000 $970,000 $480,000
2023 $8,014 $651,359 $525,377 $125,982
2022 $7,801 $638,588 $515,076 $123,512
2021 $7,748 $626,068 $504,977 $121,091
2020 $7,654 $619,650 $499,800 $119,850
2019 $7,518 $607,500 $490,000 $117,500
2018 $2,492 $209,366 $100,129 $109,237
2017 $81 $205,262 $98,166 $107,096
2016 $2,393 $201,239 $96,242 $104,997
2015 $2,358 $198,217 $94,797 $103,420
2014 $2,322 $194,336 $92,941 $101,395
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 230019380

San Diego MLS

APN: 359-242-05