NOT LISTED FOR SALE

Estimated Value: $619,000 - $874,000

5 Beds
2 Baths
-- Sq Ft
3,662 Sq Ft Lot

Last Sold March 10, 2017

Last sale price $385,750

Est. 93% increase in value since last sale

Current estimated payment $4,605/month

22 Days on Market

Highlights

  • Lake View
  • Level Lot
  • 1-minute walk to South Crest Trails Park
  • Partially Fenced Property

About This Home

As of March 2017

The subject property consists of (2) units: (1) 3 bedroom / 1 bath unit and (1) 2 bedroom / 1 bath unit. There is one building with a total square footage of 1,501 sq ft. There is street parking on site and alley access as well.

Last Agent to Sell the Property

Joe Ramos

L4 MANAGEMENT, INC. License #01496498 Listed on: 12/23/2016

Last Buyer's Agent

Matthew Czechowski

Berkshire Hathaway HomeServices California Properties License #01996104

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,426

Year Built

  • Built in 1957

Lot Details

  • 3,662 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Parking

  • Alley Access

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Lake Views

Schools

  • San Diego Unified School District Elementary And Middle School
  • San Diego Unified School District High School

Utilities

  • Separate Water Meter

Community Details

  • 2 Units
  • Net Operating Income $20,039

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 550-440-21-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,426

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: S 37th Street
  • Neighborhood: Shelltown
  • LP / Sq Ft: 16.94
  • Stories: 2 Story
  • Sale Price List Price: 1.02
  • Total Stories: 2
  • Year Built: 1957
  • 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
  • View: Lake/River

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property

Condo/Co-op/Association

  • Community: SOUTH SD

Schools

  • School District URL: https://www.sandiegounified.org/
  • Elementary School: San Diego Unified School District
  • Elementary School Website: https://www.sandiegounified.org/
  • High School: San Diego Unified School District
  • Middle School Url: https://www.sandiegounified.org/
  • Middle School: San Diego Unified School District

Lot Info

  • Lot Size: 1-3,999 SF
  • Site: Alley Access
  • Topography: Level
  • Assessor Parcel Number: 550-440-21-00
  • Land Use Code: R-2
  • Estimated Lot Sq Ft: 3662

Rental Info

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

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 20039
  • Annual Expense Actual: 12553
  • Annual Expense Projected: 12553
  • Gross Rent Multiplier Actual: 11.3
  • Gross Rent Multiplier Projected: 10.5
  • Gross Sched Income Actual: 33600
  • Gross Sched Income Projected: 36000
  • Number Of Buildings: 1
  • 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
Dec 23, 2016
Closed on
Mar 2, 2017
Sold by
Hershman David
Bought by
Hershman David A
Seller's Agent
Joe Ramos
L4 MANAGEMENT, INC.
Buyer's Agent
Matthew Czechowski
Berkshire Hathaway HomeServices California Properties
List Price
$379,000
Sold Price
$385,750
Premium/Discount to List
$6,750
1.78%
Total Days on Market
22
Current Estimated Value
$742,728

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$356,978
Avg. Annual Appreciation
8.26%
Original Mortgage
$289,312
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 23, 2016
Closed on
Jan 19, 2017
Sold by
N & P Venture Llc
Bought by
Hershman David
Seller's Agent
Joe Ramos
L4 MANAGEMENT, INC.
Buyer's Agent
Matthew Czechowski
Berkshire Hathaway HomeServices California Properties
List Price
$379,000
Sold Price
$385,750
Premium/Discount to List
$6,750
1.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,312
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 6, 2011
Sold by
Ayyad Rebeca Lyn
Bought by
N & P Venture Llc

Purchase Details

Closed on
Jun 1, 2009
Sold by
Us Bank National Association
Bought by
Ayyad Daniel Brian and Ayyad Rebeca Lyn

Purchase Details

Closed on
Jan 16, 2009
Sold by
Carrillo Juan C
Bought by
Downey Savings & Loan Association Fa

Purchase Details

Closed on
Feb 11, 2004
Sold by
Carrillo Maria I
Bought by
Carrillo Juan C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
5.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 29, 2003
Sold by
Torres Javier and Torres Rosalva
Bought by
Carrillo Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
5.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 23, 1993
Sold by
Torres Javier and Torres Rosalva
Bought by
Torres Javier and Torres Rosalva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
7.2%

Purchase Details

Closed on
Oct 29, 1990
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
Hershman David A $386,000 Chicago Title
Hershman David $386,000 Chicago Title Sd
N & P Venture Llc -- None Available
Ayyad Rebeca Lyn -- None Available
Ayyad Daniel Brian $132,000 Lawyers Title Sd
Downey Savings & Loan Association Fa $153,750 Accommodation
Carrillo Juan C -- Ticor Title
Carrillo Juan $370,000 Ticor Title Company
Torres Javier -- Westland Title Company
-- $87,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hershman David A $282,700
Previous Owner Hershman David $289,312
Previous Owner Carrillo Juan C $432,000
Previous Owner Carrillo Juan $296,000
Previous Owner Torres Javier $88,000
Closed Carrillo Juan $37,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2017 03/10/17 Sold $385,750 +1.8% --
12/31/2016 12/31/16 Pending -- -- --
12/09/2016 12/09/16 For Sale $379,000 -- --
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 $5,426 $438,909 $266,010 $172,899
2023 $5,306 $430,304 $260,795 $169,509
2022 $5,165 $421,868 $255,682 $166,186
2021 $5,130 $413,597 $250,669 $162,928
2020 $5,068 $409,357 $248,099 $161,258
2019 $4,978 $401,332 $243,235 $158,097
2018 $4,655 $393,464 $238,466 $154,998
2017 $1,745 $146,457 $88,763 $57,694
2016 $1,716 $143,586 $87,023 $56,563
2015 $1,691 $141,430 $85,716 $55,714
2014 $1,666 $138,660 $84,037 $54,623
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 160065795

San Diego MLS

APN: 550-440-21