NOT LISTED FOR SALE

Estimated Value: $1,683,371 - $2,055,000

7 Beds
5 Baths
2,742 Sq Ft
$687/Sq Ft Est. Value

Last Sold December 29, 2021

Last sale price $5,700,000 $2,079 Per Sq Ft

Current estimated payment $12,243/month

211 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Laundry Facilities
  • Pacific Beach Elementary School Rated A-
  • Community Barbecue Grill
  • Level Lot

About This Home

As of December 2021

Welcome to Las Casas De La Playa! Rarely available 4 unit oceanfront building in Mission Beach! Projected vacation rental gross income over $444,000 per year. Just under 3,000 sq ft lot with 32 feet of frontage on the boardwalk showcasing panoramic ocean views. Comprised of 7 bedrooms, 5 baths & potential for expansion, individual sales of the 4 parceled units or redevelopment. 2 units access a roof top deck for the ultimate in beach relaxation. 4 off street parking, laundry on site & an ideal Mission Beach location with dining, shopping and entertainment just steps away!

Last Agent to Sell the Property

Noah Grassi

Compass License #01411480 Listed on: 05/04/2021

Compass

Last Buyer's Agent

America Romero

Crystal Estates License #01302919

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,847

Year Built

  • Built in 1972

Lot Details

  • 2,939 Sq Ft Lot
  • Beach Front
  • Level Lot

Parking

  • Alley Access

Property Views

  • Ocean
  • Panoramic
  • City Lights

Home Design

  • Stucco Exterior

Utilities

  • Gravity Heating System
  • Separate Water Meter

Additional Features

  • 2-Story Property
  • West of 5 Freeway

Listing and Financial Details

  • Vacation Rental by Owner
  • Assessor Parcel Number 423-595-03-04

Community Details

Overview

  • 4 Units
  • Casas De La Playa Community

Amenities

  • Community Barbecue Grill
  • Laundry Facilities

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,847

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Santa Clara Place
  • Neighborhood: Mission Beach
  • LP / Sq Ft: 23.94
  • Stories: 2 Story
  • Sale Price List Price: 0.98
  • Total Stories: 2
  • Year Built: 1972
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Prkng Non Garage Spac U3: 1
  • Prkng Non Garage Spac U4: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Frontage: Ocean/Sand
  • View: Evening Lights, Ocean, Panoramic, Panoramic Ocean

Utilities

  • Water: Meter on Property
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: Casas De La Playa
  • Pets Allowed: Yes
  • Community: MISSION BEACH
  • Complex Features: BBQ, Laundry Facilities
  • Home Owner Association: Self Managed
  • Manager Name: Self Managed

Lot Info

  • Lot Size: 1-3,999 SF
  • Site: Alley Access, Curbs, Public Street, Sidewalks, Street Paved, West of I-5
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: R-4:MULTIP
  • Assessor Parcel Number: 423-595-03-04
  • Estimated Lot Sq Ft: 2939
  • Water District URL: http://www.ci.san-diego.ca.us/water
  • Estimated Number of Acres: 0.07
  • Map Code Column: H
  • Map Code Page: 1267
  • Map Code Row: 1

Rental Info

  • Vacation Rental By Owner: Yes

Multi Family

  • No. of Units: 4
  • Annual Expense Projected: 201780
  • Gross Rent Multiplier Projected: 13.47
  • Gross Sched Income Projected: 444861
  • Number Of Buildings: 1
  • Number Of Furnished Units: 4
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2021
Closed on
Dec 2, 2021
Sold by
Christensen Bart and Christensen Paula
Bought by
The Shany Family Partnership
Seller's Agent
Noah Grassi
Compass
Buyer's Agent
America Romero
Crystal Estates
List Price
$5,799,900
Sold Price
$5,700,000
Premium/Discount to List
-$99,900
-1.72%
Current Estimated Value
$1,933,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,766,028
Avg. Annual Appreciation
-26.42%
Original Mortgage
$2,525,000
Outstanding Balance
$2,331,855
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
-$442,732

Purchase Details

Closed on
May 29, 2006
Sold by
Fowler Buck W
Bought by
Christensen Bart and Christensen Paula

Purchase Details

Closed on
May 8, 2006
Sold by
Fowler Brenda
Bought by
Fowler Buck W and Fowler Buck W

Purchase Details

Closed on
Aug 9, 2004
Sold by
Hayden Curtis Lee and Hayden Eileen
Bought by
Fowler Buck W

Purchase Details

Closed on
Jul 14, 2004
Sold by
Fowler Brenda J
Bought by
Fowler Buck W

Purchase Details

Closed on
Apr 16, 2004
Sold by
Lombard Joseph F and Lombard Evelyn M
Bought by
Hayden Curtis Lee and Hayden Eileen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.12%
Mortgage Type
Unknown
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
The Shany Family Partnership $5,700,000 First American Title
Christensen Bart $1,075,000 Chicago Title Co
Fowler Buck W -- Multiple
Fowler Buck W -- Chicago Title Co
Fowler Buck W -- Chicago Title Co
Hayden Curtis Lee $2,600,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Shany Family Partnership $2,525,000
Previous Owner Hayden Curtis Lee $1,500,000
Previous Owner Lombard Joseph F $990,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2021 12/29/21 Sold $5,700,000 -1.7% $2,079 / Sq Ft
12/02/2021 12/02/21 Pending -- -- --
11/20/2021 11/20/21 For Sale $5,799,900 0.0% $2,115 / Sq Ft
11/09/2021 11/09/21 Pending -- -- --
09/03/2021 09/03/21 Price Changed $5,799,900 -0.9% $2,115 / Sq Ft
08/03/2021 08/03/21 Price Changed $5,850,000 -2.4% $2,133 / Sq Ft
06/03/2021 06/03/21 For Sale $5,995,000 0.0% $2,186 / Sq Ft
05/12/2021 05/12/21 Pending -- -- --
05/04/2021 05/04/21 For Sale $5,995,000 -- $2,186 / 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 $19,847 $1,644,871 $1,554,669 $90,202
2024 $19,847 $1,612,620 $1,524,186 $88,434
2023 $19,410 $1,581,000 $1,494,300 $86,700
2022 $18,894 $1,550,000 $1,465,000 $85,000
2021 $13,593 $1,100,000 $1,002,000 $98,000
2020 $12,952 $1,050,000 $957,000 $93,000
2019 $11,742 $950,000 $866,000 $84,000
2018 $10,022 $850,000 $775,000 $75,000
2017 $80 $850,000 $775,000 $75,000
2016 $10,023 $850,000 $775,000 $75,000
2015 $9,438 $800,000 $730,000 $70,000
2014 $9,471 $800,000 $730,000 $70,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210011713

San Diego MLS

APN: 423-595-03-04