NOT LISTED FOR SALE

Estimated Value: $1,476,379 - $1,607,000

2 Beds
2 Baths
912 Sq Ft
$1,678/Sq Ft Est. Value

Last Sold October 30, 2018

Last sale price $720,000 $789 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $9,557/month

7 Days on Market

Highlights

  • Trails
  • Laundry Facilities
  • Wood Siding
  • Jefferson Elementary Rated A-
  • Partially Fenced Property

About This Home

As of October 2018

We are pleased to offer for sale an attractive rental duplex renovated in 2017 offering investors a rare, turn-key rental in the Hillcrest neighborhood. The Property consists of two units, both 1 bedroom/1 bath situated on a 3,494 sq ft lot at the end of a quiet residential cul-de-sac. Two additional large basements go with the apartments housing washer & dryer units and extra storage. This is an amazing location with walking trails to Upas St and the Zoo. Irreplaceable real estate in Hillcrest.

Last Agent to Sell the Property

Bill Anderson

Acre Investment Real Estate License #01441142 Listed on: 10/10/2018

Last Buyer's Agent

Josie Sarullo

Dunn, REALTORS/Park Pacific License #01413075

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,981

Year Built

  • Built in 1951

Lot Details

  • 5,401

Home Design

  • Composition Roof
  • Wood Siding

Additional Features

  • 2-Story Property
  • Partially Fenced Property

Listing and Financial Details

  • Tenant pays for water, cable TV, electricity
  • Assessor Parcel Number 453-342-15-00

Community Details

Recreation

  • Trails

Additional Features

  • 2 Units
  • Laundry Facilities
  • Net Operating Income $31,107

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,981

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Cypress St
  • Neighborhood: Hillcrst
  • Stories: 2 Story
  • Sale Price List Price: 1.0
  • Total Stories: 2
  • Year Built: 1951
  • 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: Wood
  • Fencing: Partial
  • Roof: Composition

Condo/Co-op/Association

  • Community: HILLCREST
  • Complex Features: Biking/Hiking Trails, Laundry Facilities

Lot Info

  • Lot Size: 1-3,999 SF
  • Zoning: R-3
  • Assessor Parcel Number: 453-342-15-00

Rental Info

  • Tenant Pays: Water, Cable TV, Electricity

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 31107
  • Annual Expense Actual: 12731
  • Gross Rent Multiplier Actual: 16.7
  • Gross Sched Income Actual: 43080
  • Number Of Buildings: 1
  • Number Of Units With Dryers: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2
  • Other Income Actual: 1520

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2017
Closed on
Jun 27, 2017
Sold by
Coltov Llc
Bought by
Schwartz Ashly and Schwartz Caroline
Seller's Agent
Kelly Kelson
Link Brokerages, Inc.
Buyer's Agent
Stephanie Jezek
eXp Realty of Southern California, Inc.
List Price
$949,000
Sold Price
$949,000
Current Estimated Value
$1,530,095

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$581,095
Avg. Annual Appreciation
6.13%
Original Mortgage
$606,487
Interest Rate
3.95%
Mortgage Type
VA

Purchase Details

Listed on
Mar 13, 2017
Closed on
Mar 24, 2017
Sold by
Valenz Maria Elena
Bought by
Coltov Llc
Seller's Agent
Benjamin Ruff
Benjamin T. Ruff
Buyer's Agent
Benjamin Ruff
Benjamin T. Ruff
List Price
$595,000
Sold Price
$615,000
Premium/Discount to List
$20,000
3.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
346.30%
Original Mortgage
$553,500
Interest Rate
4.17%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 26, 1996
Sold by
Valenzuela Maria Elena and Holland Christine
Bought by
Valenzuela Maria Elena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.82%
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
Schwartz Ashly $949,000 Lawyers Title Company
Coltov Llc $615,000 Lawyers Title
Valenzuela Maria Elena -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schwartz Ashly $567,500
Closed Schwartz Ashly $578,000
Closed Schwartz Ashly $606,487
Previous Owner Coltov Llc $553,500
Previous Owner Valenzuela Maria Elena $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2018 10/30/18 Sold $720,000 0.0% $789 / Sq Ft
10/18/2018 10/18/18 Pending -- -- --
10/10/2018 10/10/18 For Sale $720,000 -24.1% $789 / Sq Ft
07/11/2017 07/11/17 Sold $949,000 0.0% $704 / Sq Ft
06/20/2017 06/20/17 Pending -- -- --
06/16/2017 06/16/17 For Sale $949,000 +54.3% $704 / Sq Ft
03/28/2017 03/28/17 Sold $615,000 +3.4% $456 / Sq Ft
03/17/2017 03/17/17 Pending -- -- --
03/13/2017 03/13/17 For Sale $595,000 -- $441 / 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 $12,981 $1,079,794 $739,587 $340,207
2024 $12,981 $1,058,623 $725,086 $333,537
2023 $12,693 $1,037,867 $710,869 $326,998
2022 $12,353 $1,017,518 $696,931 $320,587
2021 $12,265 $997,567 $683,266 $314,301
2020 $12,115 $987,339 $676,260 $311,079
2019 $11,898 $967,980 $663,000 $304,980
2018 $11,138 $949,000 $650,000 $299,000
2017 $80 $200,378 $128,819 $71,559
2016 $2,278 $196,450 $126,294 $70,156
2015 $2,243 $193,500 $124,397 $69,103
2014 $2,207 $189,711 $121,961 $67,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 180056682

San Diego MLS

APN: 453-415-03