NOT LISTED FOR SALE

Estimated Value: $1,293,000 - $1,592,000

5 Beds
4 Baths
2,314 Sq Ft
$610/Sq Ft Est. Value

Last Sold October 06, 2021

Last sale price $1,080,800 $467 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $8,634/month

91 Days on Market

Highlights

  • City Lights View
  • Gated Home
  • Gravity Heating System
  • Corner Lot
  • Wood Siding
  • 4-minute walk to Sherman Park

About This Home

As of October 2021

This trophy property located in the booming Sherman Heights area just blocks from Downtown San Diego. The incredible historic duplex (originally built as 3-units) has been fully refurbished & in great shape! Downstairs is a 3 bedroom/2 bath & Upstairs is a 2 bedroom/2 bath. Don’t miss this unusual opportunity to own an historical building in the dynamic Sherman Heights area of San Diego. One is a duplex unit consisting of a 3 bedroom/2 bath unit and a 2 bedroom/2 bath unit. Building has been completed restored, electrical, plumbing, roofs structurally and cosmetically inside. Newer kitchens, newer baths, refinished hardwood floors, new windows and doors and so much more. Both parcels are fully fenced with on-site parking and electronic gates. Sherman Heights is an up and coming gentrification neighborhood. Sherman Heights is comprised of many historically significant buildings, wide streets and close proximity to Downtown San Diego, Balboa Park and the San Diego Zoo. Three freeways are easily accessible from this location I-5, I-15 and Hwy 163. Additionally it located within 15 minutes of San Diego International Airport, the Santa Fe train station, bus lines, Mexico and the San Diego Trolley. Property will be shown with an accepted offer. Please do not disturb tenants.

Last Agent to Sell the Property

Gregg Neuman

Berkshire Hathaway HomeServices California Properties License #00809392 Listed on: 06/03/2021

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Gregg Neuman

Berkshire Hathaway HomeServices California Properties License #00809392 Listed on: 06/03/2021

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,845

Year Built

  • Built in 1913

Lot Details

  • 3,359 Sq Ft Lot
  • Gated Home
  • Property is Fully Fenced
  • Corner Lot
  • Level Lot

Parking

  • Automatic Gate

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • City Lights Views

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Gravity Heating System
  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 535-433-14-00

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • 2 Units
  • Net Operating Income $41,550

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,845

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: J Street
  • Neighborhood: Sherman Heights / Downtown
  • Supplement: Don’t miss this unusual opportunity to own an historical building in the dynamic Sherman Heights area of San Diego. One is a duplex unit consisting of a 3 bedroom/2 bath unit and a 2 bedroom/2 bath unit. Building has been completed restored, electrical, plumbing, roofs structurally and cosmetically inside. Newer kitchens, newer baths, refinished hardwood floors, new windows and doors and so much more. Both parcels are fully fenced with on-site parking and electronic gates. Sherman Heights is an up and coming gentrification neighborhood. Sherman Heights is comprised of many historically significant buildings, wide streets and close proximity to Downtown San Diego, Balboa Park and the San Diego Zoo. Three freeways are easily accessible from this location I-5, I-15 and Hwy 163. Additionally it located within 15 minutes of San Diego International Airport, the Santa Fe train station, bus lines, Mexico and the San Diego Trolley. Property will be shown with an accepted offer. Please do not disturb tenants.
  • LP / Sq Ft: 23.38
  • Stories: 2 Story
  • Sale Price List Price: 0.9
  • Total Stories: 2
  • Year Built: 1913
  • Allow Comments Review: No
  • 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: Wood
  • Fencing: Full, Gate
  • Roof: Composition
  • View: City, Evening Lights

Utilities

  • Cooling: Wall/Window
  • Security: Automatic Gate
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial)
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: SAN DIEGO

Lot Info

  • Lot Size: 1-3,999 SF
  • Site: Corner Lot, Curbs, Public Street, Sidewalks, Street Paved
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: Multi Fam
  • Assessor Parcel Number: 535-433-14-00
  • Estimated Lot Dimensions: 60x50
  • Estimated Lot Sq Ft: 3359
  • Water District URL: http://www.ci.san-diego.ca.us/water
  • Estimated Number of Acres: 0.08
  • Map Code Column: C
  • Map Code Page: 1289
  • Map Code Row: 4

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 41550
  • Annual Expense Actual: 8894
  • Annual Expense Projected: 9000
  • Gross Rent Multiplier Actual: 22.31
  • Gross Rent Multiplier Projected: 18.25
  • Gross Sched Income Actual: 50444
  • Gross Sched Income Projected: 60000
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Fireplaces: 2
  • Number Of Units With Patios: 1
  • 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
Jun 3, 2021
Closed on
Sep 27, 2021
Sold by
Kawashima Maurice and The Maurice Kawashima Charitab
Bought by
Baker Tracy and Baker David
Seller's Agent
Gregg Neuman
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Gregg Neuman
Berkshire Hathaway HomeServices California Properties
List Price
$1,125,000
Sold Price
$1,080,800
Premium/Discount to List
-$44,200
-3.93%
Current Estimated Value
$1,410,886

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$330,086
Avg. Annual Appreciation
6.87%
Original Mortgage
$793,560
Outstanding Balance
$723,653
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$687,233

Purchase Details

Closed on
Jul 31, 2020
Sold by
Kawashima Maurice
Bought by
Kawashima Maurice and Maurice Kawashima Charitable T

Purchase Details

Closed on
Nov 17, 2014
Sold by
Kawashima Maurice
Bought by
Perseus Llc

Purchase Details

Closed on
Oct 8, 2008
Sold by
Wells Fargo Bank Na
Bought by
Kawashima Maurice

Purchase Details

Closed on
Jul 31, 2007
Sold by
Hoeszle William and Hoeszle Connie
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Sep 14, 2004
Sold by
Soto Mary Elizabeth
Bought by
Hoeszle William and Hoeszle Connie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
3.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 3, 1997
Sold by
Soto Pedro M
Bought by
Soto Mary Elizabeth
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Baker Tracy $1,081,000 Corinthian Title Company
Kawashima Maurice -- None Available
Kawashima Maurice -- None Available
Perseus Llc -- None Available
Kawashima Maurice $159,000 Fidelity National Title Co
Wells Fargo Bank Na $557,662 Lsi
Hoeszle William $550,000 Chicago Title Co
Soto Mary Elizabeth -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baker Tracy $793,560
Previous Owner Hoeszle William $385,000
Closed Hoeszle William $82,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2021 10/06/21 Sold $1,080,800 -9.6% $467 / Sq Ft
09/03/2021 09/03/21 Pending -- -- --
07/27/2021 07/27/21 Price Changed $1,195,000 +6.2% $516 / Sq Ft
06/03/2021 06/03/21 For Sale $1,125,000 -- $486 / 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 $13,845 $1,146,952 $742,845 $404,107
2024 $13,845 $1,124,464 $728,280 $396,184
2023 $13,540 $1,102,416 $714,000 $388,416
2022 $13,180 $1,080,800 $700,000 $380,800
2021 $5,391 $434,811 $177,259 $257,552
2020 $5,326 $430,354 $175,442 $254,912
2019 $5,231 $421,916 $172,002 $249,914
2018 $4,892 $413,644 $168,630 $245,014
2017 $4,775 $405,534 $165,324 $240,210
2016 $4,699 $397,583 $162,083 $235,500
2015 $4,630 $391,612 $159,649 $231,963
2014 $4,557 $383,942 $156,522 $227,420
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 210015163

San Diego MLS

APN: 535-433-14