NOT LISTED FOR SALE
-- Bed
-- Bath
3,120 Sq Ft
6,000 Sq Ft Lot

Sale Details

Date Sold: January 11, 2021

Last sale price $1,020,000 $327 Per Sq Ft

11 Days on Market

About This Home

As of January 2021

Incredible cash flow for this fully fenced 4-unit building consisting of four 2 bedroom/1 bath units! Owner is willing to rent entire building back at market rate for long term after COE. The property has been used as an AirBNB investment with all four units almost always occupied as guests love its proximity to the Downtown Convention Center, the Gas Lamp district and Coronado island. Strong ACs in bedrooms and kitchen and four reserved parking spots in the front of the building. Additional features: CCTV security cameras surround the building. Three AC units in each apartment. Large lot in the back with opportunity to build on. Sellers AirBNB cleaning service is available to the new owners at COE. This building may also be purchased with its twin building next door containing four more units (one water meter services both buildings). Make money day one of ownership as AirBNB rentals or use them for long term rentals.

Last Agent to Sell the Property

John La Mattery

LPT Realty, Inc. License #01374103 Listed on: 11/14/2020

LPT Realty, Inc.

Co-Listed By

Daniel Lecuna

RE/MAX Pacific License #01876568

Last Buyer's Agent

Gregory Santos

Compass License #02041967

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 6,000 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Home Design

  • Property Attached

Interior Spaces

  • 3,120 Sq Ft Home
  • 2-Story Property

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Listing and Financial Details

  • Tax Lot 000276
  • Tax Tract Number 276
  • Assessor Parcel Number 5456711900

Community Details

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $2,300
  • Maintenance Expense $9,000
  • Other Expense $15,500
  • Operating Expense $40,000
  • Gross Income $144,000
  • Net Operating Income $89,600

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

6,000 Sq Ft Lot

Listing Details

  • CapRate: 8.50
  • Property Attached: Yes
  • Zoning: R-4:MULTIPLE RESIDENTIAL
  • Property Type: Residential Income
  • Parcel Number: 5456711900
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 326.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 6000.00
  • Lot Size Acres: 0.1300

Multi Family

  • Average2 Bed Area: 800 Square Feet
  • Gross Income: 144000.00
  • Gross Scheduled Income: 144000.00
  • Insurance Expense: 2300.00
  • Lot Size Area: 6000.0000 Square Feet
  • Maintenance Expense: 9000.00
  • Net Operating Income: 89600.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 2
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 40000.00
  • Other Expense: 15500.00
  • Other Expense Description: Cleaning
  • Rent Control: No
  • Total Actual Rent: 144000.00
  • Total Expenses: 40000.00

Tax Info

  • Tax Lot: 000276
  • Tax Tract Number: 000276

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2020
Closed on
Dec 11, 2020
Sold by
Bought by
Seller's Agent
John La Mattery
LPT Realty, Inc.
Buyer's Agent
Gregory Santos
Compass
List Price
$1,040,000
Sold Price
$1,020,000
Premium/Discount to List
-$20,000
-1.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Outstanding Balance
$449,508
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2018
Sold by
Bought by

Purchase Details

Closed on
Mar 22, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$671,500
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 14, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$671,500
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.68%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 9, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
4.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 27, 2007
Sold by
Bought by

Purchase Details

Closed on
Nov 20, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
6.37%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 15, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
6.37%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 12, 2005
Sold by
Bought by

Purchase Details

Closed on
Feb 8, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,500
Interest Rate
5.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 3, 2000
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,020,000 North American Title Company
-- None Available
-- Chicago Title Company
$790,000 Chicago Title Company
$400,000 Chicago Title
$269,700 None Available
-- Financial Title Company
-- Financial Title Company
-- Financial Title Company
-- Financial Title Company
-- --
-- Diversified Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $510,000
Previous Owner $671,500
Previous Owner $295,000
Previous Owner $300,000
Previous Owner $50,000
Previous Owner $330,000
Previous Owner $165,000
Previous Owner $212,500
Previous Owner $80,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/11/2021 01/11/21 Sold $1,020,000 -1.9% $327 / Sq Ft
11/25/2020 11/25/20 Pending -- -- --
11/14/2020 11/14/20 For Sale $1,040,000 -- $333 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $14,387 $1,126,161 $828,060 $298,101
2025 $13,340 $1,104,080 $811,824 $292,256
2024 $13,340 $1,082,432 $795,906 $286,526
2023 $13,045 $1,061,208 $780,300 $280,908
2022 $12,697 $1,040,400 $765,000 $275,400
2021 $10,275 $830,429 $498,256 $332,173
2020 $10,150 $821,914 $493,147 $328,767
2019 $9,970 $805,799 $483,478 $322,321
2018 $5,332 $450,389 $270,233 $180,156
2017 $5,204 $441,559 $264,935 $176,624
2016 $5,119 $432,902 $259,741 $173,161
2015 $5,044 $426,400 $255,840 $170,560
2014 $4,966 $418,048 $250,829 $167,219
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2001452

California Regional Multiple Listing Service (CRMLS)
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