NOT LISTED FOR SALE
5 Beds
3 Baths
11,232 Sq Ft
-- Built

Sale Details

Date Sold: November 8, 2021

Last sale price $3,445,000 $307 Per Sq Ft

66 Days on Market

About This Home

As of November 2021

3603 King Street in La Mesa consists of 12 spacious units totaling 11,232 square feet built in 1977 and situated on a 21,780 square foot lot. The strong unit mix consists of six 3 bedroom / 2 bath units and six 2 bedroom / 1 bath units. The Gross Scheduled Income for 2021 is $267,600 with additional upside in rents. The units have A/C and ceiling fans, share a common laundry room and there are 18 parking spaces. The units have been remodeled with newer plank flooring and newer kitchen cabinets. There are dishwashers in select units and electric wall heaters in all units. The apartments are located on a quiet street close to College Avenue, Broadway and the 94 Freeway. They are located close to transit, shopping, and Rolando Park. DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS.

Last Agent to Sell the Property

Benn Vogelsang

NorthMarq Multifamily License #01883437 Listed on: 07/16/2021

Last Buyer's Agent

Roman Cedillo

AppleTree Real Estate Inc License #01757107

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Property Details

Home Type

  • Multi-Family

Parking

  • 18 Parking Spaces

Home Design

Interior Spaces

  • 5 Bedrooms
  • 11,232 Sq Ft Home
  • 2-Story Property

Additional Homes

  • Number of ADU Units: 6

Listing and Financial Details

  • Total Actual Rent $22,474

Community Details

Overview

  • 2 Buildings
  • 12 Units

Building Details

  • 12 Leased Units
  • Operating Expense $90,817

Property Details

Home Type

Multi-Family

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Property Sub Type: Com-Res Income
  • CapRate: 4.8
  • Co List Office Mls Id: 69464
  • Living Area: 11232.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-03-05T12:19:51Z
  • FullAddress: 3603 King Street
  • NumofLeasedApartments: 12
  • ShortSale: No
  • SDMLS_NumofADUUnits: 6.0
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 5

Garage/Parking

  • Total Parking Spaces: 18.0

Multi Family

  • Number Of Buildings: 2
  • Number Of Units Total: 12
  • Annual Operating Expense: 90817.0
  • Total Actual Rent: 22474.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2021
Closed on
Oct 21, 2021
Sold by
Bought by
Seller's Agent
Benn Vogelsang
NorthMarq Multifamily
Buyer's Agent
Roman Cedillo
AppleTree Real Estate Inc
List Price
$3,595,000
Sold Price
$3,445,000
Premium/Discount to List
-$150,000
-4.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,450,000
Interest Rate
2.88%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 16, 2021
Closed on
Oct 18, 2021
Sold by
Bought by
Seller's Agent
Benn Vogelsang
NorthMarq Multifamily
Buyer's Agent
Roman Cedillo
AppleTree Real Estate Inc
List Price
$3,595,000
Sold Price
$3,445,000
Premium/Discount to List
-$150,000
-4.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,450,000
Interest Rate
2.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 12, 2021
Sold by
Bought by

Purchase Details

Closed on
Sep 10, 2009
Sold by
Bought by

Purchase Details

Closed on
Apr 4, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
6.46%
Mortgage Type
Balloon

Purchase Details

Closed on
Oct 20, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$581,250
Interest Rate
7.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 3, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 11, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.9%
Mortgage Type
Commercial
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Accommodation
$3,445,000 First American Ttl San Diego
-- None Available
-- None Available
$1,658,000 Chicago Title Co
$775,000 Chicago Title Co
-- --
$600,000 Continental Lawyers Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $3,290,000
Closed $2,450,000
Previous Owner $1,387,000
Previous Owner $950,000
Previous Owner $100,000
Previous Owner $581,250
Previous Owner $450,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/08/2021 11/08/21 Sold $3,445,000 -4.2% $307 / Sq Ft
09/24/2021 09/24/21 Pending -- -- --
09/14/2021 09/14/21 For Sale $3,595,000 0.0% $320 / Sq Ft
08/26/2021 08/26/21 Pending -- -- --
07/19/2021 07/19/21 For Sale $3,595,000 -- $320 / Sq Ft
Source: San Diego MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $51,728 $3,728,977 $1,840,134 $1,888,843
2025 $51,728 $3,655,860 $1,804,053 $1,851,807
2024 $47,903 $3,584,178 $1,768,680 $1,815,498
2023 $46,639 $3,513,900 $1,734,000 $1,779,900
2022 $45,766 $2,093,127 $830,685 $1,262,442
2021 $29,316 $2,093,127 $830,685 $1,262,442
2020 $29,377 $2,071,666 $822,168 $1,249,498
2019 $29,369 $2,031,047 $806,048 $1,224,999
2018 $28,956 $1,991,224 $790,244 $1,200,980
2017 $50 $1,800,000 $505,000 $1,295,000
2016 $23,589 $1,550,000 $435,000 $1,115,000
2015 $22,374 $1,425,000 $400,000 $1,025,000
2014 $21,705 $1,425,000 $400,000 $1,025,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210020331

San Diego MLS

APN: 474-553-01-00

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