NOT LISTED FOR SALE

337 W University Ave Unit A San Diego, CA 92103

Hillcrest Neighborhood

Estimated Value: $371,000 - $495,000

7 Beds
6 Baths
2,745 Sq Ft
$156/Sq Ft Est. Value

Last Sold September 17, 2014

Last sale price $939,000 $342 Per Sq Ft

Current estimated payment $2,483/month

112 Days on Market

About This Home

As of September 2014

SCORE! 4.91 CAP NEW PRICE 7/24/2014. TIRED OF NO INVESTOR UNIT INVENTORY IN 92103? HUGE OPPORTUNITY TO PURCHASE 4 CONDOS IN A SMALL CHARMING SIX UNIT BUILDING ON THE BORDER OF HILLCREST AND MISSION HILLS. SUPER CLEAN &CLOSE TO NEW VONS AND GREAT FOOD ON WASHINGTON! AWESOME CAP RATE AND EQUITY ON 4 CONDO HOMES.ALL FOUR PROPERTIES TO BE SOLD TO SAME BUYER.337 W. UNIVERSITY APN#'S ARE 444-632-19-01,02,AND 03. 339 W. UNIVERSITY IS 444-632-19-06. HOA FEE REFLECTS ALL 4 UNITS PER YEAR. PLEASE SEE ATTACHMENT CAP RATES ARE ACTUALS! NEW PRICE MAKE THIS A TOP RATE INVESTMENT.

Last Agent to Sell the Property

Bobby Stefano

Compass License #01310669 Listed on: 04/05/2014

Compass

Last Buyer's Agent

Chuck Hoffman

Apartment Consultants Incorporated License #00524883

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,488

Year Built

  • Built in 1975

Lot Details

  • 5,044 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Home Design

  • Composition Roof
  • Stucco Exterior

Utilities

  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for water, cable TV, electricity, hot water
  • Assessor Parcel Number 444-632-19-01

Community Details

Overview

  • Association fees include common area maintenance, exterior (landscaping), exterior bldg maintenance, limited insurance, roof maintenance, sewer, trash pickup, water
  • 4 Units
  • Acadia Corp Association, Phone Number (619) 574-0404
  • Mission Hills Townhomes Community

Building Details

  • Net Operating Income $47,861

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,488

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: DOVE
  • Neighborhood: MISSION HILLS/HILLCREST
  • Supplement: CAP RATES ARE ACTUALS! NEW PRICE MAKE THIS A TOP RATE INVESTMENT.
  • Sale Price List Price: 1.0
  • Year Built: 1975
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Prkng Non Garage Spac U3: 1
  • Prkng Non Garage Spac U4: 1
  • Walk Score Desc: Very Walkable
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Sewer/Septic: Sewer Connected
  • Water Heater Type: Gas

Condo/Co-op/Association

  • Complex Name: MISSION HILLS TOWNHOMES
  • Total Fees: 11554.0
  • Community: MISSION HILLS
  • Home Owner Association: ACADIA CORP
  • Home Owner Association Fee Includes: Common Area Maintenance, Exterior (Landscaping), Exterior Bldg Maintenance, Limited Insurance, Roof Maintenance, Sewer, Trash Pickup, Water
  • Home Owner Association Fee Reflects: Year
  • Home Owner Association Fees: 11554.0
  • Home Owner Association Phone: 619-574-0404

Fee Information

  • Total Monthly Fees: 963

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Topography: Level
  • Assessor Parcel Number: 444-632-19-01
  • Land Use Code: R
  • Estimated Lot Sq Ft: 5044
  • Map Code Column: J
  • Map Code Page: 1268
  • Map Code Row: 5

Rental Info

  • Tenant Pays: Water, Cable TV, Electricity, Hot Water

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 47861
  • Annual Expense Actual: 15667
  • Gross Rent Multiplier Actual: 15.3
  • Gross Sched Income Actual: 63528
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 2

Tax Info

  • Assessor Parcel Number: 337-339University92103

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2014
Closed on
Aug 4, 2014
Sold by
Scr3 Llc
Bought by
Cscdmt Family Limited Partnership
Seller's Agent
Bobby Stefano
Compass
Buyer's Agent
Chuck Hoffman
Apartment Consultants Incorporated
List Price
$1,149,000
Sold Price
$939,000
Premium/Discount to List
-$210,000
-18.28%
Total Days on Market
112
Current Estimated Value
$428,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$510,028
Avg. Annual Appreciation
-7.02%
Original Mortgage
$117,775
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 14, 2003
Sold by
Orphey Robert D and Orphey Mary Lou M
Bought by
Scr3 Llc

Purchase Details

Closed on
Jan 19, 1988
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Cscdmt Family Limited Partnership $168,500 First American Title Company
Scr3 Llc -- --
-- $315,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cscdmt Family Limited Partners $140,000
Closed Cscdmt Family Limited Partnership $117,775
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2014 09/17/14 Sold $939,000 -18.3% $342 / Sq Ft
07/25/2014 07/25/14 Pending -- -- --
04/04/2014 04/04/14 For Sale $1,149,000 -- $419 / 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 $2,488 $198,238 $151,110 $47,128
2023 $2,433 $194,352 $148,148 $46,204
2022 $2,368 $190,543 $145,244 $45,299
2021 $2,351 $186,808 $142,397 $44,411
2020 $2,322 $184,893 $140,937 $43,956
2019 $2,281 $181,269 $138,174 $43,095
2018 $2,135 $177,715 $135,465 $42,250
2017 $2,084 $174,231 $132,809 $41,422
2016 $2,050 $170,815 $130,205 $40,610
2015 $2,020 $168,250 $128,250 $40,000
2014 $970 $78,489 $42,660 $35,829
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 140017978

San Diego MLS

APN: 444-632-19-01