NOT LISTED FOR SALE
20 Beds
20 Baths
10,676 Sq Ft
8,712 Sq Ft Lot

Sale Details

Date Sold: March 30, 2022

Last sale price $7,250,000 $679 Per Sq Ft

29 Days on Market

About This Home

As of March 2022

Fantastic Crown Point location! 3 blocks to Mission Bay, Crown Point Park and nearby to Kendall-Frost Marsh Reserve. Every unit is a desirable 2 bedroom, 2 bath. 8 of the units are approximately 836 sq. ft. and 4 are approximately 997 sq. ft. Rents are below market with significant upside opportunity! Upstairs units have large private balconies with sliding door access from living room. Downstairs units have a smaller patio area. Extremely low vacancy history. Each unit has a designated carport parking space (carport height clearances are low, ranging from approximately 6' to 6'8''). There is a fairly large, dirt floor area under the building that is only partially utilized. All square footage figures for the building, the interiors and the property as a whole are from public records, past appraisal and/or other 3rd parties. Buyer and/or Buyers Agent are ultimately responsible for researching and verifying any and all figures prior to making a purchase decision. Please do not enter or walk property without contacting Listing Agent first.

Last Agent to Sell the Property

Dan Altan

ALTA Properties License #01078722 Listed on: 11/27/2021

Last Buyer's Agent

Josh Browar

The Browar Group License #01824454

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Property Details

Home Type

  • Multi-Family

Lot Details

  • 8,712

Home Design

  • Frame Construction
  • Stucco

Interior Spaces

  • 20 Bedrooms
  • 10,676 Sq Ft Home
  • 2-Story Property

Parking

  • 12 Parking Spaces
  • 12 Carport Spaces

Additional Homes

  • Number of ADU Units: 2

Utilities

  • No Cooling
  • Radiant Heating System

Listing and Financial Details

  • Total Actual Rent $29,500

Community Details

Overview

  • 12 Units

Building Details

  • 12 Leased Units
  • Operating Expense $157,839

Property Details

Home Type

Multi-Family

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Unit Levels: 2 Story
  • Property Sub Type: Com-Res Income
  • CapRate: 2.55
  • Co List Office Mls Id: 61289
  • Directions: I-8 west to Ingraham exit, North to Crown Point Drive, Right (East) to Sequioa, Left (North) 3 blocks, property on Right
  • Living Area: 10676.0
  • Structure Type: Apartment
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-03-05T12:27:06Z
  • FullAddress: 4055 Sequoia Street
  • NumofLeasedApartments: 12
  • ShortSale: No
  • SDMLS_NumofADUUnits: 2.0
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 20
  • Flooring: Other/Remarks

Exterior Features

  • Construction Type: Frame, Stucco

Garage/Parking

  • Carport Spaces: 12.0
  • Parking Features: Carports
  • Total Parking Spaces: 12.0

Utilities

  • Cooling: None
  • Heating: Radiant
  • Laundry Features: Leased

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 12
  • Annual Operating Expense: 157839.0
  • Total Actual Rent: 29500.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 4, 2024
Sold by
Bought by

Purchase Details

Listed on
Nov 27, 2021
Closed on
Feb 4, 2022
Sold by
Bought by
Seller's Agent
Dan Altan
ALTA Properties
Buyer's Agent
Josh Browar
The Browar Group
List Price
$7,495,000
Sold Price
$7,250,000
Premium/Discount to List
-$245,000
-3.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,925,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2017
Sold by
Bought by

Purchase Details

Closed on
Dec 27, 2011
Sold by
Bought by

Purchase Details

Closed on
Feb 16, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,075,000
Interest Rate
8.38%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 10, 1997
Sold by
Bought by

Purchase Details

Closed on
Mar 1, 1991

Purchase Details

Closed on
Nov 16, 1989

Purchase Details

Closed on
Jul 11, 1986

Purchase Details

Closed on
Feb 20, 1985

Purchase Details

Closed on
Jul 24, 1984
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,355,000 Wfg National Title
$7,250,000 Wfg Title Insurance
-- None Available
-- None Available
-- None Available
$1,850,000 Chicago Title Co
-- --
$1,175,000 --
$1,300,000 --
$1,060,000 --
$924,300 --
$825,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $2,925,000
Previous Owner $1,000,000
Previous Owner $1,000,000
Previous Owner $1,075,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/30/2022 03/30/22 Sold $7,250,000 -3.3% $679 / Sq Ft
12/30/2021 12/30/21 Pending -- -- --
12/16/2021 12/16/21 For Sale $7,495,000 0.0% $702 / Sq Ft
12/15/2021 12/15/21 Pending -- -- --
11/30/2021 11/30/21 For Sale $7,495,000 -- $702 / Sq Ft
Source: San Diego MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $95,806 $7,803,776 $5,920,107 $1,883,669
2025 $95,806 $7,650,762 $5,804,027 $1,846,735
2024 $92,706 $7,542,900 $5,722,200 $1,820,700
2023 $90,664 $2,693,896 $1,969,735 $724,161
2022 $32,832 $2,693,896 $1,969,735 $724,161
2021 $32,608 $2,641,075 $1,931,113 $709,962
2020 $32,212 $2,613,995 $1,911,312 $702,683
2019 $31,637 $2,562,741 $1,873,836 $688,905
2018 $29,575 $2,512,493 $1,837,095 $675,398
2017 $28,870 $2,463,229 $1,801,074 $662,155
2016 $28,408 $2,414,931 $1,765,759 $649,172
2015 $27,988 $2,378,657 $1,739,236 $639,421
2014 $27,548 $2,332,063 $1,705,167 $626,896
Source: Public Records

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Map

Source: San Diego MLS

MLS Number: 210032295

San Diego MLS

APN: 424-412-21-00

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