NOT LISTED FOR SALE

Estimated Value: $569,000 - $673,000

2 Beds
2 Baths
800 Sq Ft
$795/Sq Ft Est. Value

Last Sold June 13, 2023

Last sale price $572,000 $715 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,169/month

52 Days on Market

About This Home

As of June 2023

COMPLETELY REMODELED DUPLEX (ONE YEAR AGO) ON A GOOD SIZE LOT. GREAT INVESTMENT OPPORTUNITY. ONE YEAR LEASES IB PLACE AND ONE RECENTLY VACATED UNIT. BRAND NEW GRANITE COUNTER TOPS, FLOORING, PLUMBING, ELECTRICAL, WINDOWS, HEATING, CABINETS, APPLIANCES.

Last Agent to Sell the Property

Jake May

The Jake May Team, Inc. License #01292626 Listed on: 04/08/2023

Last Buyer's Agent

Jake May

The Jake May Team, Inc. License #01292626 Listed on: 04/08/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,201

Year Built

  • Built in 1953

Lot Details

  • Partially Fenced Property

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property
  • Window Bars

Schools

  • San Diego Unified School District Elementary School

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 550-201-12-00

Community Details

Overview

  • 2 Buildings
  • 2 Units

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $21,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,201

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: 36TH STREET & NEWTON AVE
  • Neighborhood: SOUTHCREST
  • Stories: 1 Story
  • Sale Price List Price: 0.99
  • Total Stories: 1
  • Year Built: 1953
  • 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: Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Security: Security Bars

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: SAN DIEGO
  • Manager Name: JAKE MAY
  • Manager Phone: 619-778-9778

Schools

  • Elementary School: San Diego Unified School District
  • Elementary School Website: https://www.sandiegounified.org/

Lot Info

  • Lot Size: 1-3,999 SF
  • Assessor Parcel Number: 550-201-12-00

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 21700
  • Annual Expense Actual: 4700
  • Gross Rent Multiplier Actual: 13.0
  • Gross Sched Income Actual: 26400
  • Number Of Buildings: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2023
Closed on
Jun 1, 2023
Sold by
Spoerl Eric R
Bought by
Hubbard Ryan
Seller's Agent
Jake May
The Jake May Team, Inc.
Buyer's Agent
Jake May
The Jake May Team, Inc.
List Price
$579,000
Sold Price
$572,000
Premium/Discount to List
-$7,000
-1.21%
Total Days on Market
52
Views
418
Current Estimated Value
$635,795

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,795
Avg. Annual Appreciation
5.51%
Original Mortgage
$581,579
Interest Rate
6.39%
Mortgage Type
VA

Purchase Details

Closed on
Oct 20, 2020
Sold by
Spoerl Melissa
Bought by
Spoerl Eric R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$434,775
Interest Rate
2.8%
Mortgage Type
VA

Purchase Details

Closed on
Sep 9, 2020
Sold by
Bst Llc
Bought by
Spoerl Eric R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$434,775
Interest Rate
2.8%
Mortgage Type
VA

Purchase Details

Closed on
Apr 25, 2018
Sold by
Socal Metro Holdings Llc
Bought by
Bst Llc

Purchase Details

Closed on
Nov 27, 2017
Sold by
Lopez Guadalupe
Bought by
Torres Saul

Purchase Details

Closed on
Apr 4, 2016
Sold by
Blair Daniel A and Blair Albert
Bought by
Lopez Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2003
Sold by
Blair Gail W and Blair Elena
Bought by
Blair Gail W and Blair Elena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
5.71%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 12, 2001
Sold by
Diaz Bernardo and Diaz Marie
Bought by
Blair Gail W and Blair Elena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
7.13%

Purchase Details

Closed on
Feb 23, 1993

Purchase Details

Closed on
Jan 31, 1983
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 Buyer Sale Price Title Company
Hubbard Ryan $572,000 Ticor Title
Spoerl Eric R -- Ticor Title Company
Spoerl Eric R $425,000 Ticor Title San Diego
Bst Llc $1,478,000 First American Title San Die
Socal Metro Holdings Llc $1,375,000 First American Title
Torres Saul -- None Available
Lopez Guadalupe $1,075,000 First American Title Company
Blair Gail W -- --
Blair Gail W -- First American Title
Blair Gail W $180,000 California Title Company
-- $190,000 --
-- $228,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hubbard Ryan $584,700
Closed Hubbard Ryan $581,579
Previous Owner Spoerl Eric R $434,775
Previous Owner Lopez Guadalupe $180,000
Previous Owner Lopez Guadalupe $328,000
Previous Owner Blair Gail W $118,300
Previous Owner Blair Gail W $136,000
Previous Owner Blair Gail W $132,000
Previous Owner Blair Gail W $126,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2023 06/13/23 Sold $572,000 -1.2% $715 / Sq Ft
05/31/2023 05/31/23 Pending -- -- --
05/19/2023 05/19/23 For Sale $579,000 0.0% $724 / Sq Ft
05/01/2023 05/01/23 Pending -- -- --
04/08/2023 04/08/23 For Sale $579,000 -- $724 / 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 $7,201 $583,440 $350,064 $233,376
2023 $5,451 $442,170 $265,302 $176,868
2022 $5,306 $433,500 $260,100 $173,400
2021 $5,270 $425,000 $255,000 $170,000
2020 $3,872 $312,120 $187,272 $124,848
2019 $3,803 $306,000 $183,600 $122,400
2018 $3,088 $260,100 $104,040 $156,060
2017 $3,015 $255,000 $102,000 $153,000
2016 $1,375 $114,548 $57,274 $57,274
2015 $1,355 $112,828 $56,414 $56,414
2014 $1,335 $110,618 $55,309 $55,309
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 230006471

San Diego MLS

APN: 550-201-12