$625,000
SOLD DEC 23, 2024

326 12th St Ramona, CA 92065

4 Beds
3 Baths
1,485 Sq Ft
3,475 Sq Ft Lot

Recently Sold

$421 Per Sq Ft

6 Days on Market

Highlights

  • Laundry Facilities
  • Partially Fenced Property
  • 1-Story Property

About This Home

As of December 2024

Explore the potential at 326 12th St, a unique property offering two separate houses on one lot, presenting a versatile investment with excellent income possibilities. This property is ideally suited for a variety of uses, whether you're looking to rent both units, to live in one unit and rent the other, accommodate extended family, or even operate a business from one unit while residing in the other, thanks to its being located in a commercial area of Ramona. The front house features 2 bedrooms and 1.5 baths, and is move-in ready. The back unit is rented and accessible via the alley, it includes 2 bedrooms (One with no closet) and 1 bath. Each unit offers the convenience of its own laundry facilities and ample parking. Located close to the town center, this property benefits from easy access to local amenities, including schools, parks, library, shopping and more.

Last Agent to Sell the Property

Chris Jensen

Christen Jensen, Broker License #01875205 Listed on: 11/20/2024

Last Buyer's Agent

Philip Halbert

Sill Realty Group License #02012415

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,944

Year Built

  • Built in 1952

Lot Details

  • 3,475 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property
  • Window Bars

Utilities

  • Heat Pump System

Listing and Financial Details

  • Tenant pays for water, electricity
  • Assessor Parcel Number 281-232-10-00

Community Details

Overview

  • 2 Buildings
  • 2 Units

Additional Features

  • Laundry Facilities
  • Net Operating Income $15,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,944

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: North County Inland
  • Cross Street: D St
  • Neighborhood: Ramona
  • LP / Sq Ft: 13.71
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 1952
  • 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: Partial
  • Roof: Composition

Utilities

  • Cooling: Heat Pump(s)
  • Security: Security Bars

Condo/Co-op/Association

  • Community: RAMONA
  • Complex Features: Laundry Facilities
  • Manager Name: Owner

Lot Info

  • Lot Size: 1-3,999 SF
  • Water District: RAMONA MUNICIPAL WATER DISTRICT
  • Assessor Parcel Number: 281-232-10-00
  • Estimated Lot Sq Ft: 3475

Rental Info

  • Tenant Pays: Water, Electricity

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 15840
  • Gross Rent Multiplier Actual: 39.5
  • Gross Rent Multiplier Projected: 13.7
  • Gross Sched Income Actual: 15840
  • Gross Sched Income Projected: 45600
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Patios: 1
  • 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
Nov 20, 2024
Closed on
Dec 6, 2024
Sold by
Jensen Zachary and Jensen Grace
Bought by
Szarvas-Kidd Ryan
Seller's Agent
Chris Jensen
Christen Jensen, Broker
Buyer's Agent
Philip Halbert
Sill Realty Group
List Price
$625,000
Sold Price
$625,000
Views
34
Current Estimated Value
$631,537

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,537
Avg. Annual Appreciation
0.75%
Original Mortgage
$593,750
Outstanding Balance
$590,139
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$37,874

Purchase Details

Listed on
Aug 30, 2021
Closed on
Sep 13, 2021
Sold by
Schweizer Christian and Schweizer Mary Lee
Bought by
Jensen Zachary and Jensen Grace
Seller's Agent
Cindy Ellison
Compass
Buyer's Agent
Debi Iturralde
Prudential California Realty
List Price
$525,000
Sold Price
$525,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.49%
Original Mortgage
$446,250
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 10, 2012
Closed on
May 23, 2012
Sold by
Wells Fargo Bank Na
Bought by
Schweizer Christian and Schweizer Mary Lee
Seller's Agent
Cristina Vaughn
Re/Max Connections
Buyer's Agent
Cindy Ellison
Compass
List Price
$110,000
Sold Price
$103,000
Premium/Discount to List
-$7,000
-6.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.09%

Purchase Details

Closed on
Jan 27, 2012
Sold by
Topete Toribio U and Topete Maria Lourdes Novela
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
May 8, 2007
Sold by
Topete Toribio U and De Topete Maria Lourdes Novela
Bought by
Topete Toribio Uribe and Topete Maria Lourdes

Purchase Details

Closed on
May 3, 2005
Sold by
Bushman Natalie
Bought by
Topete Toribio U and Topete Maria Lourdes Novela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
4.7%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 31, 2002
Sold by
Figaro Mildred Elaine
Bought by
Bushman Natalie
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 $625,000 First American Title
Grant Deed $525,000 Wfg Title Company Of Ca
Grant Deed $103,000 Ticor Title Company Of Ca
Trustee Deed $156,306 Servicelink
Interfamily Deed Transfer -- None Available
Grant Deed $350,000 Fidelity National Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $593,750 New Conventional
Previous Owner $446,250 New Conventional
Previous Owner $280,000 Negative Amortization
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2024 12/23/24 Sold $625,000 0.0% $421 / Sq Ft
11/27/2024 11/27/24 Pending -- -- --
11/20/2024 11/20/24 For Sale $625,000 +19.0% $421 / Sq Ft
09/20/2021 09/20/21 Sold $525,000 0.0% $354 / Sq Ft
08/30/2021 08/30/21 For Sale $525,000 +409.7% $354 / Sq Ft
08/30/2021 08/30/21 Pending -- -- --
05/30/2012 05/30/12 Sold $103,000 -6.4% $69 / Sq Ft
03/28/2012 03/28/12 Pending -- -- --
03/09/2012 03/09/12 For Sale $110,000 -- $74 / 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 $6,944 $625,000 $300,000 $325,000
2024 $6,944 $546,210 $234,090 $312,120
2023 $6,440 $535,500 $229,500 $306,000
2022 $6,541 $525,000 $225,000 $300,000
2021 $2,317 $119,511 $46,411 $73,100
2020 $2,307 $118,287 $45,936 $72,351
2019 $2,262 $115,969 $45,036 $70,933
2018 $2,212 $113,696 $44,153 $69,543
2017 $2,187 $111,468 $43,288 $68,180
2016 $2,132 $109,284 $42,440 $66,844
2015 $2,065 $107,643 $41,803 $65,840
2014 $1,998 $105,536 $40,985 $64,551
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240027173

San Diego MLS

APN: 281-232-10