NOT LISTED FOR SALE

Estimated Value: $642,000 - $905,000

5 Beds
2 Baths
1,550 Sq Ft
$505/Sq Ft Est. Value

Last Sold November 13, 2015

Last sale price $371,000 $239 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $4,712/month

72 Days on Market

Highlights

  • Property Near a Canyon
  • Level Lot
  • 1-Story Property
  • Partially Fenced Property
  • Gravity Heating System
  • 2-minute walk to Wightman Street Neighborhood Park

About This Home

As of November 2015

Great investment opportunity!! Attention seasoned investors rental rates have increased considerably and this property is currently renting at way under market rents! Are you looking to get your feet wet as a first time real estate investor? Be the owner & landlord, live in one unit & rent the other! Both units leases will be ending soon and ready for new ownership!

Last Agent to Sell the Property

Ernest Pierce

Pierce & Co. License #01719375 Listed on: 07/28/2015

Last Buyer's Agent

Jean Gilles

World Family Mortgage and Credit License #01730567

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,323

Year Built

  • Built in 1958

Lot Details

  • Property Near a Canyon
  • Partially Fenced Property
  • Level Lot

Home Design

  • Rolled or Hot Mop Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Schools

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

Utilities

  • 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 471-711-12-00

Community Details

Overview

  • 2 Units
  • N/K Community

Building Details

  • Net Operating Income $21,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,323

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: University
  • Neighborhood: Fox Canyon
  • LP / Sq Ft: 11.7
  • Stories: 1 Story
  • Sale Price List Price: 0.98
  • Total Stories: 1
  • Year Built: 1958
  • Allow Comments Review: No
  • 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: Rolled/Hot Mop

Utilities

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

Condo/Co-op/Association

  • Complex Name: n/k
  • Community: EAST SAN DIEGO

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: 4,000-7,499 SF
  • Site: Curbs, Public Street, Sidewalks, Street Paved
  • Topography: Canyon/Valley, Level
  • Additional Property Use: With Structures
  • Assessor Parcel Number: 471-711-12-00
  • Land Use Code: R2

Rental Info

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

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 21000
  • Gross Sched Income Actual: 23400
  • Gross Sched Income Projected: 34800
  • Number Of Buildings: 1
  • Number Of Units With Dryers: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2015
Closed on
Oct 9, 2015
Sold by
Dickson Douglas W and Dickson Susan J
Bought by
Ndiba Samuel N and Ngethe Teresia N
Seller's Agent
Ernest Pierce
Pierce & Co.
Buyer's Agent
Jean Gilles
World Family Mortgage and Credit
List Price
$389,000
Sold Price
$371,000
Premium/Discount to List
-$18,000
-4.63%
Current Estimated Value
$783,362

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$412,362
Avg. Annual Appreciation
8.28%
Original Mortgage
$364,280
Interest Rate
3.8%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 7, 2008
Sold by
Dickson Douglas W and Dickson Susan J
Bought by
Dickson Douglas W and Dickson Susan J

Purchase Details

Closed on
Aug 25, 2008
Sold by
Dickson Douglas W
Bought by
Dickson Douglas W and Dickson Susan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
6.59%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
May 5, 2006
Sold by
Dickson Susan J
Bought by
Dickson Douglas W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.87%
Mortgage Type
Unknown

Purchase Details

Closed on
May 14, 1998
Sold by
Dickson Douglas W
Bought by
Dickson Douglas W and Dickson Susan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
9.99%

Purchase Details

Closed on
Apr 28, 1998
Sold by
Crawford Miller Family Trust 11-27-90
Bought by
Dickson Douglas W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
9.99%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Ndiba Samuel N $371,000 Title 365
Dickson Douglas W -- None Available
Dickson Douglas W -- Southland Title Of San Diego
Dickson Douglas W -- Lawyers Title San Diego
Dickson Douglas W -- Gateway Title Company
Dickson Douglas W $1,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ndiba Samuel N $365,000
Closed Ndiba Samuel N $364,280
Previous Owner Dickson Douglas W $30,000
Previous Owner Dickson Douglas W $300,000
Previous Owner Dickson Douglas W $195,000
Previous Owner Dickson Douglas W $110,500
Previous Owner Dickson Douglas W $98,000
Previous Owner Dickson Douglas W $91,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2015 11/13/15 Sold $371,000 -4.6% $239 / Sq Ft
10/02/2015 10/02/15 Pending -- -- --
07/22/2015 07/22/15 For Sale $389,000 -- $251 / 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 $5,323 $439,180 $247,720 $191,460
2024 $5,323 $430,569 $242,863 $187,706
2023 $5,206 $422,127 $238,101 $184,026
2022 $5,067 $413,851 $233,433 $180,418
2021 $5,033 $405,737 $228,856 $176,881
2020 $4,972 $401,578 $226,510 $175,068
2019 $4,884 $393,705 $222,069 $171,636
2018 $4,567 $385,986 $217,715 $168,271
2017 $4,458 $378,419 $213,447 $164,972
2016 $4,387 $371,000 $209,262 $161,738
2015 $1,262 $104,890 $59,163 $45,727
2014 $1,243 $102,837 $58,005 $44,832
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 150041288

San Diego MLS

APN: 471-711-12