NOT LISTED FOR SALE

Estimated Value: $982,000 - $1,236,879

3 Beds
2 Baths
1,200 Sq Ft
$949/Sq Ft Est. Value

Last Sold March 23, 2023

Last sale price $1,025,000 $854 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $7,118/month

141 Days on Market

Highlights

  • 1-Story Property
  • Laundry Facilities
  • Level Lot
  • Alcott Elementary School Rated A-
  • Property is Fully Fenced
  • Wood Siding

About This Home

As of March 2023

Please see the attached 16-page Offering Memorandum for details regarding this listing. We are pleased to present this attractive and well-located duplex tucked into a desirable residential neighborhood in the northwest corner of Clairemont. The location is one block east of Clairemont Mesa Boulevard, less than a mile south of Highway 52, and only one-mile from there to Interstate 5. The interior and exterior of both duplex units have been renovated over the past decade. The kitchen renovations included new cabinets, counter tops and fixtures. The bathrooms renovations included shower enclosures with frosted and textured glass shower doors, vanities, and fixtures. The flooring and fixtures in the bedrooms and living areas have also been included in the renovations. Both units have washers and dryers, with the equipment included in the sale. Exterior renovations include upgraded double-pane windows and an attractive and modern paint scheme. The landscaping features economical, water-wise, drought tolerant landscaping. This includes ample yard space sporting synthetic turf. In addition, the front unit has a large, covered patio with tile flooring. A portion of one parking bay in the two-car garage has been converted to an additional room with direct access to the front unit (a non-conforming improvement.) Both units are tenant occupied, so shown with accepted offer.

Last Agent to Sell the Property

Robert Vallera CCIM

Vallera Investment Properties License #00818308 Listed on: 10/17/2022

Last Buyer's Agent

Jodie Lee

Barry Estates License #01991763

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,875

Year Built

  • 1954

Lot Details

  • Property is Fully Fenced
  • Level Lot

Home Design

  • Rolled or Hot Mop Roof
  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 35926110

Community Details

Pet Policy

  • Breed Restrictions

Additional Features

  • 2 Units
  • Laundry Facilities
  • Net Operating Income $32,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,875

Year Built

1954

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Metro
  • Cross Street: Clairemont Mesa Blvd
  • Neighborhood: Northwest Clairemont
  • Stories: 1 Story
  • Sale Price List Price: 0.94
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1954

Exterior Features

  • Exterior Material: Stucco, Wood
  • Fencing: Full
  • Roof: Composition, Rolled/Hot Mop

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: Allowed w/Restrictions
  • Community: CLAIREMONT
  • Complex Features: Laundry Facilities
  • Manager Name: owner

Schools

  • School District URL: https://www.sandiegounified.org/

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Curbs, Public Street, Sidewalks, Street Paved
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Assessor Parcel Number: 35926110

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 32400
  • Annual Expense Actual: 21600
  • Gross Rent Multiplier Actual: 20.3
  • Gross Sched Income Actual: 54000
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 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
Oct 17, 2022
Closed on
May 15, 2023
Sold by
Walker Michael Huy
Bought by
Bad Ass Walker Family Trust
Seller's Agent
Robert Vallera CCIM
Vallera Investment Properties
Buyer's Agent
Jodie Lee
Barry Estates
List Price
$1,095,000
Sold Price
$1,025,000
Premium/Discount to List
-$70,000
-6.39%
Total Days on Market
141
Views
192
Current Estimated Value
$1,138,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,970
Avg. Annual Appreciation
4.93%

Purchase Details

Listed on
Oct 17, 2022
Closed on
Mar 15, 2023
Sold by
Walker Paige Corina
Bought by
Walker Michael Huy
Seller's Agent
Robert Vallera CCIM
Vallera Investment Properties
Buyer's Agent
Jodie Lee
Barry Estates
List Price
$1,095,000
Sold Price
$1,025,000
Premium/Discount to List
-$70,000
-6.39%
Views
192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$768,750
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 17, 2022
Closed on
Mar 14, 2023
Sold by
Kopp Family Revocable Living Trust
Bought by
Walker Michael Huy
Seller's Agent
Robert Vallera CCIM
Vallera Investment Properties
Buyer's Agent
Jodie Lee
Barry Estates
List Price
$1,095,000
Sold Price
$1,025,000
Premium/Discount to List
-$70,000
-6.39%
Views
192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$768,750
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2016
Sold by
Kopp Michael and Kopp Theresa
Bought by
Kopp Michael Edward and Kopp Theresa Joann

Purchase Details

Closed on
May 8, 2013
Sold by
Duenas George A
Bought by
Kopp Michael and Kopp Theresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.38%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Bad Ass Walker Family Trust -- None Listed On Document
Walker Michael Huy -- Fidelity National Title
Walker Michael Huy $1,025,000 Fidelity National Title
Kopp Michael Edward -- None Available
Kopp Michael $420,000 First American Title San Die
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Bad Ass Walker Family Trust $0
Previous Owner Walker Michael Huy $768,750
Previous Owner Kopp Michael $250,000
Previous Owner Duenas Alfred A $148,000
Previous Owner Duenas Alfred A $50,000
Previous Owner Duenas Alfred A $121,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2023 03/23/23 Sold $1,025,000 -6.4% $854 / Sq Ft
03/08/2023 03/08/23 Pending -- -- --
10/17/2022 10/17/22 For Sale $1,095,000 -- $913 / 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
2024 $12,875 $1,045,500 $816,000 $229,500
2023 $6,124 $497,107 $437,930 $59,177
2022 $5,961 $487,361 $429,344 $58,017
2021 $5,921 $477,806 $420,926 $56,880
2020 $5,849 $472,907 $416,610 $56,297
2019 $5,745 $463,636 $408,442 $55,194
2018 $5,372 $454,546 $400,434 $54,112
2017 $5,244 $445,634 $392,583 $53,051
2016 $5,160 $436,897 $384,886 $52,011
2015 $5,084 $430,335 $379,105 $51,230
2014 $5,005 $421,906 $371,679 $50,227
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 220026118

San Diego MLS

APN: 359-261-10