NOT LISTED FOR SALE

3455-57 Ocean Front Walk San Diego, CA 92109

Mission Beach Neighborhood

Estimated Value: $3,334,000 - $4,781,000

5 Beds
3 Baths
2,608 Sq Ft
$1,583/Sq Ft Est. Value

Last Sold March 19, 2020

Last sale price $3,750,000 $1,438 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $26,008/month

7 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Trails
  • Pacific Beach Elementary School Rated A-
  • Fireplace
  • 5-minute walk to Mission Beach Pocket Park

About This Home

As of March 2020

First time for Sale in over 60 years! A wonderful Mission Beach property in the Perfect Ocean Front location! Featuring one of the largest Ocean Front Patio's in Mission Beach, this Duplex comes complete with sweeping Panoramic Ocean Views. The 2 units have a long history of Summer Vacation Rentals and many repeat Snowbird Rentals during the offseason. Many options for this property. Make it your 5 Bedroom Home, year round turn-key Vacation Rental or a great redevelopment/remodel opportunity. Multiple Ocean View Vantage points, from the large front Deck, upstairs Balcony and Living Room / Kitchen. Washer/Dryer in the shared 2 car garage. One of the Owners had a long history of residing in the upstairs unit through 2018. Upstairs unit then had a minor remodel and first came on the Vacation Rental Market in 2019.

Last Agent to Sell the Property

Greg Flaherty

Penny Realty License #01073434 Listed on: 02/10/2020

Last Buyer's Agent

Robert Brown

Fantastik Realty License #01796328

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $49,436

Year Built

  • Built in 1943

Lot Details

  • 2,693 Sq Ft Lot
  • Beach Front
  • Gated Home
  • Property is Fully Fenced
  • Level Lot

Parking

  • Alley Access

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Wired For Data
  • Fireplace
  • Ocean Views

Location

  • West of 5 Freeway

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Heating System Uses Wood
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 423-621-03-00

Community Details

Overview

  • 2 Units
  • N/K Community

Recreation

  • Trails

Pet Policy

  • Pets Allowed

Additional Features

  • Laundry Facilities
  • Net Operating Income $82,975

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$49,436

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Liverpool
  • Neighborhood: Mission Beach
  • Supplement: Multiple Ocean View Vantage points, from the large front Deck, upstairs Balcony and Living Room / Kitchen. Washer/Dryer in the shared 2 car garage. One of the Owners had a long history of residing in the upstairs unit through 2018. Upstairs unit then had a minor remodel and first came on the Vacation Rental Market in 2019.
  • Stories: 2 Story
  • Sale Price List Price: 1.0
  • Total Stories: 2
  • Year Built: 1943
  • 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: Full, Gate
  • Frontage: Ocean/Sand
  • Roof: Composition
  • View: Ocean, Panoramic Ocean

Utilities

  • Sewer/Septic: Sewer Connected
  • Water Heater Type: Gas
  • Telecommunications: Wired High Speed Internet
  • Heat Equipment: Fireplace, Wall/Gravity

Condo/Co-op/Association

  • Complex Name: N/K
  • Pets Allowed: Yes
  • Community: MISSION BEACH
  • Complex Features: Biking/Hiking Trails, Laundry Facilities

Lot Info

  • Lot Size: 1-3,999 SF
  • Site: Alley Access, Public Street, Sidewalks, Street Paved, West of I-5
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Assessor Parcel Number: 423-621-03-00
  • Estimated Lot Sq Ft: 2693
  • Water District URL: http://www.ci.san-diego.ca.us/water

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 82975
  • Annual Expense Actual: 31525
  • Gross Rent Multiplier Actual: 32.0
  • Gross Sched Income Actual: 114500
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Fireplaces: 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
  • Other Income Actual: 6480

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2020
Closed on
Feb 21, 2020
Sold by
Strong John Zim
Bought by
3455 57 Ocean Front Walk Llc
Seller's Agent
Greg Flaherty
Penny Realty
Buyer's Agent
Robert Brown
Fantastik Realty
List Price
$3,750,000
Sold Price
$3,750,000
Current Estimated Value
$4,128,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$378,316
Avg. Annual Appreciation
2.47%

Purchase Details

Closed on
May 1, 2013
Sold by
Strong B J
Bought by
Strong B J and Strong John Zim

Purchase Details

Closed on
Feb 22, 2001
Sold by
Strong Living Trust 11-29-89
Bought by
Strong B J
Source: Public Records

Range of Values:

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Average Value
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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
3455 57 Ocean Front Walk Llc $3,750,000 Chicago Title Company
Strong B J -- None Available
Strong B J -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2020 03/19/20 Sold $3,750,000 0.0% $1,438 / Sq Ft
02/18/2020 02/18/20 Pending -- -- --
02/10/2020 02/10/20 For Sale $3,750,000 -- $1,438 / 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 $49,436 $4,101,167 $3,849,631 $251,536
2024 $49,436 $4,020,753 $3,774,149 $246,604
2023 $48,348 $3,941,916 $3,700,147 $241,769
2022 $47,061 $3,864,625 $3,627,596 $237,029
2021 $46,737 $3,788,849 $3,556,467 $232,382
2020 $2,751 $219,659 $123,349 $96,310
2019 $2,703 $215,353 $120,931 $94,422
2018 $2,447 $211,131 $118,560 $92,571
2017 $2,398 $206,992 $116,236 $90,756
2016 $2,358 $202,934 $113,957 $88,977
2015 $2,323 $199,887 $112,246 $87,641
2014 $2,279 $195,973 $110,048 $85,925
Source: Public Records

Agents Affiliated with this Home

  • Greg Flaherty

    Seller's Agent in 2020

    Greg Flaherty

    Penny Realty

    (858) 692-0185

    5 in this area

    39 Total Sales

    Greg Flaherty
    Section Image
  • Robert Brown

    Buyer's Agent in 2020

    Robert Brown

    Fantastik Realty

    (858) 397-3108

    12 in this area

    47 Total Sales

    Robert Brown
    Section Image
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Map

Source: San Diego MLS

MLS Number: 200006856

San Diego MLS

APN: 423-621-03

California San Diego County San Diego 92109 Mission Beach

3455-57 Ocean Front Walk, San Diego, CA

This home is located at 3455-57 Ocean Front Walk, San Diego, CA 92109 since 10 February 2020 and is currently estimated at $4,128,316, approximately $1,582 per square foot. This property was built in 1943. 3455-57 Ocean Front Walk is a home located in San Diego County with nearby schools including Pacific Beach Elementary School, Pacific Beach Middle, and Mission Bay High School.

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