NOT LISTED FOR SALE

Estimated Value: $2,192,826

5 Beds
4 Baths
2,475 Sq Ft
$886/Sq Ft Est. Value

Last Sold October 11, 2017

Last sale price $1,300,000 $525 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $12,393/month

16 Days on Market

About This Home

As of October 2017

The subject property consists of 4 Multi-Family units, 1 two bedroom unit and 3 one bedroom units, in one of San Diego’s most desirable neighborhoods. Overall, the property has been well maintained however an investor may take advantage of the improving neighborhood and renovate units to achieve top of the market rents with a projected 4.1 cap rate. The property is across the street from Grant Elementary School and is also contiguous to the Mission Hills Tennis Courts as well as the Mission Hills Nursery.

Last Agent to Sell the Property

ray adams

Ray Adams Investment Real Estate Inc License #00989238 Listed on: 07/10/2017

Last Buyer's Agent

Jeannine Savory

The Agency License #01310559

The Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,459

Lot Details

  • 3,596

Additional Features

  • 2-Story Property
  • 3,596 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 443-663-09

Community Details

Overview

  • 3 Buildings
  • 4 Units
  • 4 Unit Community

Building Details

  • Net Operating Income $35,762

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,459

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Randolph & Washington
  • Neighborhood: Mission Hills
  • LP / Sq Ft: 29.38
  • Stories: 2 Story
  • Sale Price List Price: 0.96
  • Total Stories: 2
  • Year Built: 9999
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Condo/Co-op/Association

  • Complex Name: 4 Unit
  • Community: MISSION HILLS

Lot Info

  • Lot Size: 1-3,999 SF
  • Assessor Parcel Number: 443-663-09
  • Estimated Lot Sq Ft: 3596

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 35762
  • Annual Expense Actual: 30004
  • Annual Expense Projected: 30654
  • Gross Rent Multiplier Actual: 19.9
  • Gross Rent Multiplier Projected: 16.7
  • Gross Sched Income Actual: 67800
  • Gross Sched Income Projected: 80640
  • Number Of Buildings: 3
  • Number Of Units With Dryers: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 1
  • Other Income Actual: 600
  • Other Income Projected: 2700.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 2024
Sold by
Evan And Louisa Galbo Trust and Galbo Evan
Bought by
Randolph Galbos Llc
Current Estimated Value
$2,192,826

Purchase Details

Closed on
Sep 9, 2020
Sold by
4030 Randolph Street Llc
Bought by
Galbo Louisa and Galbo Evan

Purchase Details

Closed on
Dec 14, 2018
Sold by
The Gina Champion Cain Revocable Trust
Bought by
4030 Randolph Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,080,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 4, 2018
Sold by
The Randolph Llc
Bought by
Champion Cain Gina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,080,000
Interest Rate
4.8%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 26, 2017
Sold by
Healey Timothy M
Bought by
The Randolph Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 26, 2013
Sold by
Healey Timothy M
Bought by
Healey Timothy M

Purchase Details

Closed on
Dec 30, 1997
Sold by
Strange Wayne T
Bought by
Strange Carol Louise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
7.13%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 18, 1997
Sold by
Branch Gertrude M Family Trust 06-28-90 and Carolyn Frances Carolyn
Bought by
Healey Timothy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
7.13%
Mortgage Type
Commercial
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
Randolph Galbos Llc -- None Listed On Document
Galbo Louisa $1,650,000 Corinthian Title Company Inc
4030 Randolph Street Llc -- Chicago Title Company
Champion Cain Gina $1,800,000 Chicago Title Company
The Randolph Llc $1,300,000 Ticor Title
Healey Timothy M -- None Available
Strange Carol Louise -- First American Title
Francois Frances Carolyn -- First American Title
Healey Timothy M $330,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 4030 Randolph Street Llc $1,080,000
Previous Owner Champion Cain Gina $1,080,000
Previous Owner The Randolph Llc $960,000
Previous Owner Healey Timothy M $375,000
Previous Owner Healey Timothy M $231,000
Previous Owner Healey Timothy M $231,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2017 10/11/17 Sold $1,300,000 -3.7% $525 / Sq Ft
07/26/2017 07/26/17 Pending -- -- --
07/10/2017 07/10/17 For Sale $1,350,000 -- $545 / 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 $6,459 $542,688 $202,365 $340,323
2024 $6,459 $513,277 $184,782 $328,495
2023 $6,309 $608,797 $299,278 $309,519
2022 $7,541 $608,797 $299,278 $309,519
2021 $20,447 $1,650,000 $1,200,000 $450,000
2020 $22,694 $1,836,000 $1,530,000 $306,000
2019 $22,289 $1,800,000 $1,500,000 $300,000
2018 $15,380 $1,300,000 $1,150,000 $150,000
2017 $5,416 $454,007 $275,159 $178,848
2016 $5,327 $445,106 $269,764 $175,342
2015 $5,248 $438,421 $265,712 $172,709
2014 $5,168 $429,834 $260,508 $169,326
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 170035978

San Diego MLS

APN: 443-663-09