$1,055,000
SOLD DEC 16, 2024
3 Beds
2 Baths
1,200 Sq Ft
6,492 Sq Ft Lot

Recently Sold

$879 Per Sq Ft

4% Below List Price

33 Days on Market

Highlights

  • Gated Home
  • Level Lot
  • 1-Story Property
  • Marston Middle School Rated A-

About This Home

As of December 2024

Investor’s Delight! Fantastic opportunity to own two incredible units in a prime location near Clairemont Square, Downtown, UTC, La Jolla, Pacific Beach, and the Airport. Perfect for living in one unit while generating income from the other. The back unit has been beautifully upgraded with a new kitchen, bathroom, and windows. The front unit also boasts a remodeled bathroom, an expanded kitchen, and direct access to the garage. Set in a private, gated lot with mature landscaping, the property features lemon and pomegranate trees, a rose garden, and lattice adorned with vibrant bougainvillea. The charming rose garden creates a pleasant walkway leading to the back unit. The spacious backyard offers endless potential, limited only by the imagination of the new owner. Once you view this backyard you will notice the potential of the extra space to add a Main bedroom.

Last Agent to Sell the Property

Luis Galdamez

eXp Realty of Southern California, Inc. License #01030217 Listed on: 10/21/2024

eXp Realty of Southern California, Inc.

Last Buyer's Agent

Trevor Pike

Compass License #01739847

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,981

Year Built

  • Built in 1954

Lot Details

  • 6,492 Sq Ft Lot
  • Gated Home
  • Property is Fully Fenced
  • Level Lot
  • Irrigation

Home Design

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

Interior Spaces

  • 1-Story Property

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for water, cable TV, electricity, hot water
  • Assessor Parcel Number 359-362-05-00

Community Details

Overview

  • Association fees include cable/tv services, electricity, gas, hot water
  • 2 Buildings
  • 2 Units

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $52,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,981

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: Moraga Ave.
  • Neighborhood: North Clairemont
  • Stories: 1 Story
  • Sale Price List Price: 0.96
  • Total Stories: 1
  • Year Built: 1954
  • 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
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

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

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Electric, Gas
  • Telecommunications: Cable (coaxial)
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: CLAIREMONT
  • Home Owner Association Fee Includes: Cable/TV Services, Electricity, Gas, Hot Water

Lot Info

  • Irrigation: Manual
  • Lot Size: 4,000-7,499 SF
  • Topography: Level
  • Assessor Parcel Number: 359-362-05-00
  • Estimated Lot Sq Ft: 6492

Rental Info

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

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 52500
  • Annual Expense Actual: 8700
  • Gross Rent Multiplier Actual: 17.89
  • Gross Sched Income Actual: 61200
  • Number Of Buildings: 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 21, 2024
Closed on
Dec 10, 2024
Sold by
Barbara Laurence G and Barbara Ann
Bought by
Miera Max and Miera Hannah
Seller's Agent
Luis Galdamez
eXp Realty of Southern California, Inc.
Buyer's Agent
Trevor Pike
Compass
List Price
$1,095,000
Sold Price
$1,055,000
Premium/Discount to List
-$40,000
-3.65%
Views
83
Current Estimated Value
$1,052,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,226
Avg. Annual Appreciation
-0.38%
Original Mortgage
$1,002,250
Outstanding Balance
$998,749
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$54,025

Purchase Details

Closed on
Mar 2, 2021
Sold by
Lundblade Laurence G and Ruys Barbara Ann
Bought by
Lundblade Laurence G and Ruys Barbara Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2020
Sold by
Ruys Barbara Ann and Lundblade Laurence G
Bought by
Lundblade Laurence G and Ruys Barbara Ann

Purchase Details

Closed on
Jun 22, 2011
Sold by
Hollinger Diana Lee
Bought by
Lundblade Laurence G and Ruys Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,900
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 2008
Sold by
Liberty Ronald T
Bought by
Hollinger Diana Lee

Purchase Details

Closed on
Aug 12, 2004
Sold by
Liberty Ardelle J
Bought by
Liberty Ardelle J and Liberty Ronald T

Purchase Details

Closed on
Oct 9, 1985
Source: Public Records

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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 $1,055,000 Chicago Title
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- None Available
Grant Deed $327,000 Stewart Title Of California
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Deed $115,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,002,250 New Conventional
Previous Owner $191,000 New Conventional
Previous Owner $228,900 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2024 12/16/24 Sold $1,055,000 -3.7% $879 / Sq Ft
11/24/2024 11/24/24 Pending -- -- --
10/21/2024 10/21/24 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 $4,981 $402,664 $307,851 $94,813
2023 $4,870 $394,769 $301,815 $92,954
2022 $4,741 $387,030 $295,898 $91,132
2021 $4,709 $379,443 $290,097 $89,346
2020 $4,652 $375,553 $287,123 $88,430
2019 $4,569 $368,191 $281,494 $86,697
2018 $4,273 $360,973 $275,975 $84,998
2017 $4,171 $353,896 $270,564 $83,332
2016 $4,104 $346,958 $265,259 $81,699
2015 $4,044 $341,747 $261,275 $80,472
2014 $3,981 $335,053 $256,157 $78,896
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240024971

San Diego MLS

APN: 359-362-05