NOT LISTED FOR SALE

404 E 15th St National City, CA 91950

5 Beds
3 Baths
1,735 Sq Ft
8,276 Sq Ft Lot

Last Sold June 02, 2022

Last sale price $1,300,000 $749 Per Sq Ft

13 Days on Market

Highlights

  • Gated Home
  • 1-Story Property
  • 5-minute walk to Kimball Park
  • Wood Siding

About This Home

As of June 2022

We are pleased to present 404-408 E 15th St, a brand-new construction duplex featuring two standalone units on a large 8,451 square foot corner lot. The property consists of (1) 3 Bedroom / 2 Bathroom home and (1) 2 Bedroom / 1 Bathroom home that are separated by privately fenced yards. Each home has modern cabinetry, vinyl plank flooring, recessed LED lighting, and designer LED lighting fixtures. The kitchens are equipped with a suite of top-of-the-line appliances and quartz countertops, with large, open, eat in bar tops. The bathroom has modern cabinetry, designer fixtures, fully tiled shower / tub enclosures, and glass shower doors. Each home has central heating (ready for an AC compressor) and washer and dryer hookups. The 3 bedroom 2 bath home is equipped with fire sprinklers. Each unit has its own new tankless water heater, new sewer lines out, new water mains, and new gas lines. Each unit is separately metered for gas/electric, as well as water. The private backyards have new low water landscaping, artificial turf, pergolas, and drip irrigation to save on water costs. This duplex is fully gated, has private parking, and has an elevated lot to take advantage of sea breezes and views, and offers each unit privacy. The property is fully permitted and there is truly no other product like it on market.

Last Agent to Sell the Property

Benjamin Price

McKee Properties License #02113264 Listed on: 03/30/2022

Co-Listed By

Thomas McCartin

Marcus & Millichap License #01427348

Last Buyer's Agent

Kim Hawley

Compass License #01776106

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2022

Lot Details

  • 8,451 Sq Ft Lot
  • Gated Home
  • Property is Fully Fenced

Home Design

  • Wood Siding

Additional Features

  • 1-Story Property
  • Drip Irrigation

Listing and Financial Details

  • Tenant pays for water, electricity, gas/propane
  • Assessor Parcel Number 560-120-01-00

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Net Operating Income $49,696

Property Details

Home Type

Multi-Family

Year Built

Built in 2022

Lot Details

8,451 Sq Ft Lot

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: D Avenue
  • Neighborhood: Oldtown
  • LP / Sq Ft: 24.15
  • Stories: 1 Story
  • Sale Price List Price: 1.08
  • Total Stories: 1
  • Year Built: 2022
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: No
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 2
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood
  • Fencing: Full, Gate

Condo/Co-op/Association

  • Community: NATIONAL CITY

Lot Info

  • Irrigation: Drip
  • Lot Size: 7,500-10,889 SF
  • Assessor Parcel Number: 560-120-01-00
  • Estimated Lot Sq Ft: 8451
  • Estimated Number of Acres: 0.19

Rental Info

  • Tenant Pays: Water, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 49696
  • Gross Rent Multiplier Actual: 16.95
  • Gross Rent Multiplier Projected: 16.95
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Other Income Actual: 2100
  • Other Income Projected: 2100.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2022 06/02/22 Sold $1,300,000 +8.3% $749 / Sq Ft
04/13/2022 04/13/22 Pending -- -- --
03/30/2022 03/30/22 For Sale $1,200,000 -- $692 / Sq Ft
Source: San Diego MLS

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 $16,670 $1,379,569 $1,008,147 $371,422
2024 $16,670 $1,352,520 $988,380 $364,140
2023 $16,431 $530,741 $432,838 $97,903
2022 $7,352 $530,741 $432,838 $97,903
2021 $7,007 $520,335 $424,351 $95,984
2020 $6,661 $515,000 $420,000 $95,000
2019 $1,479 $54,830 $37,254 $17,576
2018 $1,488 $53,756 $36,524 $17,232
2017 $1,401 $52,703 $35,808 $16,895
2016 $1,383 $51,670 $35,106 $16,564
2015 $1,376 $50,895 $34,579 $16,316
2014 $1,350 $49,899 $33,902 $15,997
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 220007269

San Diego MLS

APN: 560-120-01-00

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