NOT LISTED FOR SALE

Estimated Value: $845,000 - $1,086,000

4 Beds
2 Baths
1,840 Sq Ft
$524/Sq Ft Est. Value

Last Sold August 15, 2016

Last sale price $463,000 $252 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $5,668/month

12 Days on Market

Highlights

  • RV Access or Parking
  • Partially Fenced Property
  • 2-minute walk to Azalea Community Park
  • Park or Greenbelt View
  • 1-Story Property

About This Home

As of August 2016

Awesome INVESTMENT OPPORTUNITY In Highly Desirable AZALEA PARK - RARE To Find an INCOME PRODUCING PROPERTY AVAILABLE In This PRIME LOCATION - Priced Below Market - Happy Long Term Tenants with Stable Rental History Would Like to Stay - 3 Year New Roof - Well Maintained Duplex - 2 Large One Level Units - 2 Bed 1 Bath Each - Close to Schools, Restaurants, Shopping, Library, YMCA - Convenient Access to Freeways & Public Transportation. Surrounded by Open Space Canyons & Parks - Azalea Park & Recreation Center within Walking Distance - Highly Successful & Creative Neighborhood Association has Completed Many Impressive Award Winning Projects Sprinkled Throughout the Community - AZP Neighborhood Association has its own Website and Newsletter Dedicated to Improving the Community at Large - Acknowledging Neighbors, Those Who Volunteer and Provide Services of All Kinds.

Last Agent to Sell the Property

Trisha Hoffman

Keller Williams San Diego Metro License #01200119 Listed on: 05/11/2016

Keller Williams San Diego Metro

Last Buyer's Agent

Trisha Hoffman

Keller Williams San Diego Metro License #01200119 Listed on: 05/11/2016

Keller Williams San Diego Metro

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,419

Year Built

  • Built in 1959

Lot Details

  • 8,255 Sq Ft Lot
  • Partially Fenced Property

Parking

  • RV Access or Parking

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property
  • Park or Greenbelt Views

Schools

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

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 454-690-15-00

Community Details

Overview

  • 2 Units
  • Lexington Park Community

Building Details

  • Net Operating Income $18,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,419

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: MANZANITA
  • Neighborhood: AZALEA PARK
  • Supplement: Surrounded by Open Space Canyons & Parks - Azalea Park & Recreation Center within Walking Distance - Highly Successful & Creative Neighborhood Association has Completed Many Impressive Award Winning Projects Sprinkled Throughout the Community - AZP Neighborhood Association has its own Website and Newsletter Dedicated to Improving the Community at Large - Acknowledging Neighbors, Those Who Volunteer and Provide Services of All Kinds.
  • Stories: 1 Story
  • Sale Price List Price: 0.94
  • Total Stories: 1
  • Year Built: 1959
  • 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: Parklike

Garage/Parking

  • Parking for RV: On-Site Parking

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: LEXINGTON PARK
  • Community: CITY HEIGHTS

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: 7,500-10,889 SF
  • Site: Curbs, Sidewalks, Street Paved
  • Water District: CITY OF SAN DIEGO
  • Zoning: R-2
  • Additional Property Use: ORMKS
  • Assessor Parcel Number: 454-690-15-00
  • Land Use Code: R2
  • Estimated Lot Sq Ft: 8255
  • Water District URL: http://www.ci.san-diego.ca.us/water
  • Estimated Number of Acres: 0.1895

Rental Info

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

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 18200
  • Annual Expense Actual: 8800
  • Gross Rent Multiplier Actual: 17.0
  • Gross Sched Income Actual: 27000
  • Gross Sched Income Projected: 30000
  • Number Of Buildings: 1
  • Number Of Units With Dryers: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 20, 2016
Sold by
Strahm Erik C and Strahm Judy C
Bought by
Boster Alexander Delaney and Hilt Jessica Anna
Current Estimated Value
$963,504

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,949
Interest Rate
3.48%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 21, 2012
Sold by
Strahm Erik C and Strahm Judy C
Bought by
Strahm Erik C and Strahm Judy C

Purchase Details

Closed on
Nov 23, 2010
Sold by
Empd Partners Lp
Bought by
Strahm Erik C and Strahm Judy C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,250
Interest Rate
4.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 1999
Sold by
Blank Paul E and Blank Mark G
Bought by
Empd Partners Lp

Purchase Details

Closed on
Nov 5, 1987
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
Boster Alexander Delaney $463,000 Title 365
Strahm Erik C -- None Available
Strahm Erik C $287,000 Lawyers Title
Empd Partners Lp -- --
Blank Paul E -- --
Empd Partners Lp -- --
-- $97,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boster Alexander Delaney $466,000
Previous Owner Boster Alexander Delaney $487,949
Previous Owner Strahm Erik C $215,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2016 08/15/16 Sold $463,000 -6.5% $252 / Sq Ft
05/22/2016 05/22/16 Pending -- -- --
05/10/2016 05/10/16 For Sale $495,000 -- $269 / 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 $6,419 $537,343 $167,363 $369,980
2024 $6,419 $526,808 $164,082 $362,726
2023 $6,276 $516,479 $160,865 $355,614
2022 $6,107 $506,353 $157,711 $348,642
2021 $6,064 $496,425 $154,619 $341,806
2020 $5,990 $491,336 $153,034 $338,302
2019 $5,882 $481,703 $150,034 $331,669
2018 $5,498 $472,259 $147,093 $325,166
2017 $82 $463,000 $144,209 $318,791
2016 $3,677 $310,605 $96,743 $213,862
2015 $3,623 $305,940 $95,290 $210,650
2014 $3,567 $299,948 $93,424 $206,524
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 160025451

San Diego MLS

APN: 454-690-15