NOT LISTED FOR SALE

Estimated Value: $606,000 - $672,088

2 Beds
1 Bath
821 Sq Ft
$780/Sq Ft Est. Value

Last Sold May 12, 2023

Last sale price $425,000 $518 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $3,909/month

2 Days on Market

Highlights

  • No HOA
  • Rectangular Lot
  • 1-Story Property
  • Laundry Room
  • No Heating

About This Home

As of May 2023

Attention Flippers and Developers! This 2 bed, 1 bath home on a raised foundation with RM-1-1 zoning and in an Opportunity Zone needs significant repairs and maintenance, but offers huge potential for experienced flippers and developers to transform it into a lucrative investment. The RM-1-1 zoning allows for a variety of uses, including multi-family or mixed-use development, and the property's location in an opportunity zone offers attractive tax incentives. This property also has alley access, providing a private entrance for a second home to be built, adding even more potential for profitable development. Located close to Downtown San Diego, this property is a desirable location for development, making this an exciting opportunity for those with the vision to create a valuable asset.

Last Agent to Sell the Property

Ricardo Olea

eXp Realty of Southern Calif. License #02009936 Listed on: 04/10/2023

eXp Realty of Southern Calif.

Last Buyer's Agent

Joshua Baker

Joshua D. Baker, Broker License #01916714

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,359

Year Built

  • Built in 1925

Lot Details

  • 6,300 Sq Ft Lot
  • Rectangular Lot
  • Value in Land
  • Property is zoned R-2:MINOR MULTIPLE

Parking

  • 2 Open Parking Spaces
  • 1 Car Garage

Home Design

  • Major Repairs Completed
  • Fixer Upper

Interior Spaces

  • 821 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • No Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Tract Number 169
  • Assessor Parcel Number 5463820900
  • $33 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,359

Year Built

Built in 1925

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Zoning: R-2:MINOR MULTIPLE
  • Property Condition: Fixer, Repairs Major
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5463820900
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 821.00 Square Feet
  • Stories: 1
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Appliances: No
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 517.66
  • Room Type: All Bedrooms Down

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 2.00

Utilities

  • Sprinklers: No
  • Heating: No
  • Laundry: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: San Diego Unified

Lot Info

  • Land Lease: No
  • Lot Features: Rectangular Lot, Value In Land
  • Lot Size: 6,300 sqft
  • Lot Size Sq Ft: 6300.00
  • Lot Size Acres: 0.1446

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6300.0000 Square Feet

Tax Info

  • Tax Tract Number: 000169
  • TaxOtherAnnualAssessmentAmount: 32.86

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2023
Closed on
May 3, 2023
Sold by
Leon Carmen J
Bought by
Black Arrow Enterprises Llc
Seller's Agent
Ricardo Olea
eXp Realty of Southern Calif.
Buyer's Agent
Ricardo Olea
eXp Realty of Southern Calif.
List Price
$400,000
Sold Price
$425,000
Premium/Discount to List
$25,000
6.25%
Views
53
Current Estimated Value
$640,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,272
Avg. Annual Appreciation
19.23%
Original Mortgage
$650,000
Interest Rate
6.32%
Mortgage Type
Construction

Purchase Details

Closed on
May 13, 2013
Sold by
Leon Aida
Bought by
Leon Carmen J

Purchase Details

Closed on
Mar 20, 1997
Sold by
Bess Howard H and Faye Helen
Bought by
Bess Howard H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,580
Interest Rate
7.63%
Mortgage Type
VA

Purchase Details

Closed on
Feb 7, 1997
Sold by
Bess Howard H
Bought by
Leon Albert B and Leon Carmen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,580
Interest Rate
7.63%
Mortgage Type
VA
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
Black Arrow Enterprises Llc $425,000 Ticor Title
Leon Carmen J $15,000 Ticor Title
Bess Howard H -- Chicago Title Co
Leon Albert B $79,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Black Arrow Enterprises Llc $947,799
Closed Black Arrow Enterprises Llc $650,000
Previous Owner Leon Albert B $75,720
Previous Owner Leon Albert B $10,000
Previous Owner Leon Albert B $80,580
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2023 05/12/23 Sold $425,000 +6.3% $518 / Sq Ft
04/12/2023 04/12/23 Pending -- -- --
04/10/2023 04/10/23 For Sale $400,000 -- $487 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $5,359 $442,168 $265,389 $176,779
2024 $5,359 $433,499 $260,186 $173,313
2023 $1,463 $123,642 $74,210 $49,432
2022 $1,422 $121,218 $72,755 $48,463
2021 $1,411 $118,842 $71,329 $47,513
2020 $1,393 $117,624 $70,598 $47,026
2019 $1,367 $115,318 $69,214 $46,104
2018 $1,278 $113,057 $67,857 $45,200
2017 $1,246 $110,841 $66,527 $44,314
2016 $1,223 $108,669 $65,223 $43,446
2015 $1,205 $107,038 $64,244 $42,794
2014 $1,185 $104,942 $62,986 $41,956
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2301640

California Regional Multiple Listing Service (CRMLS)

APN: 546-382-09