NOT LISTED FOR SALE

Estimated Value: $838,000 - $961,000

5 Beds
3 Baths
2,800 Sq Ft
$316/Sq Ft Est. Value

Last Sold April 04, 2024

Last sale price $875,000 $312 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $5,273/month

15 Days on Market

Highlights

  • Gated Home
  • Wood Siding
  • 4-minute walk to L street Mini Park

About This Home

As of April 2024

Introducing a lucrative investment opportunity in Grant Hill. Located in Transit Priority (TPA) and Sustainable Development (SDA). Ideal for savvy investors, with tenants already in place (leases expire 4/1/24), offering immediate rental income. Zoned RM 2-4. The main house is comprised of unit 1 + bonus unit, with the third unit detached. Units 1 was renovated in 2014, including the roof. of the main house. The bonus unit was renovated in 2016. Panoramic views from the first unit's deck and backyard. Listing price based on tax records of main unit, permits unknown for bonus unit of main house. See confidential remarks. Unit 1 (409): 3 bedrooms, 1 bathroom 1300 est q. ft. Bonus Unit: 1 bedroom, 1 bathroom 1100 est sq. ft. Unit 3 (407): 1 bedroom, 1 bathroom 400 sq. ft. est sq. ft . Don't miss out on this fantastic opportunity to own a cash-flowing property in a prime location.

Last Agent to Sell the Property

Karlee Vandyke

eXp Realty of California, Inc. License #02130406 Listed on: 02/26/2024

eXp Realty of California, Inc.

Co-Listed By

Andrea Fasulo

eXp Realty of California, Inc. License #02190227

Last Buyer's Agent

Christina Labowicz

ACI Apartments License #02055851

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,918

Year Built

  • Built in 1940

Lot Details

  • 3,319 Sq Ft Lot
  • Gated Home
  • Cross Fenced
  • Property is Fully Fenced

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property

Listing and Financial Details

  • Tenant pays for water, cable TV, electricity, hot water
  • Assessor Parcel Number 535-532-07-00

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Net Operating Income $65,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,918

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: Island Ave
  • Neighborhood: San Diego
  • Stories: 2 Story
  • Sale Price List Price: 0.97
  • Total Stories: 2
  • Year Built: 1940
  • 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: Wood
  • Fencing: Cross Fencing, Full, Gate
  • Roof: Composition

Condo/Co-op/Association

  • Community: SAN DIEGO

Lot Info

  • Lot Size: 1-3,999 SF
  • Assessor Parcel Number: 535-532-07-00
  • Estimated Lot Sq Ft: 3319
  • Estimated Number of Acres: 0.08
  • Map Code Column: D
  • Map Code Page: 1289
  • Map Code Row: 4

Rental Info

  • Tenant Pays: Water, Cable TV, Electricity, Hot Water

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 65500
  • Annual Expense Actual: 6500
  • Gross Rent Multiplier Actual: 7.75
  • Gross Sched Income Actual: 72000
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2024
Closed on
Mar 20, 2024
Sold by
Canatsey Kevin
Bought by
Lupas Lucian
Seller's Agent
Karlee Vandyke
eXp Realty of California, Inc.
Buyer's Agent
Christina Labowicz
ACI Apartments
List Price
$849,000
Sold Price
$875,000
Premium/Discount to List
$26,000
3.06%
Views
234
Current Estimated Value
$880,493

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,493
Avg. Annual Appreciation
0.91%
Original Mortgage
$656,250
Outstanding Balance
$647,083
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$238,636

Purchase Details

Closed on
May 6, 2003
Sold by
Canatsey Claire
Bought by
Canatsey Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,400
Interest Rate
5.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 21, 2003
Sold by
Lemus Jesus Z
Bought by
Canatsey Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,400
Interest Rate
5.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 16, 2002
Sold by
Lemus Maria E
Bought by
Lemus Jesus Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
6.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 1, 2002
Sold by
Nunez Miguel and Noriega Miguel Nunez
Bought by
Lemus Jesus Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
6.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 12, 2000
Sold by
Nsns Nagle Robert A and Nsns Nagle F
Bought by
J S Properties

Purchase Details

Closed on
Jul 13, 2000
Sold by
J S Properties
Bought by
Noriega Miguel Nunez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,500
Interest Rate
7.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 10, 1998
Sold by
Alicia Pena
Bought by
Nagle Robert A and Nagle Muriel F

Purchase Details

Closed on
Jun 18, 1993
Sold by
Nagle Robert A and Nagle Muriel F
Bought by
Pena Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.13%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 20, 1992

Purchase Details

Closed on
Dec 31, 1991
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
Lupas Lucian $875,000 Lawyers Title
Canatsey Kevin -- Multiple
Canatsey Kevin $280,000 Multiple
Lemus Jesus Z -- Commerce Title Company
Lemus Jesus Z $185,000 Commerce Title Company
J S Properties $130,000 Chicago Title Co
Noriega Miguel Nunez $130,000 Chicago Title Co
Nagle Robert A $125,000 --
Pena Alicia -- Orange Coast Title Company
-- $125,000 --
-- $75,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lupas Lucian $656,250
Previous Owner Canatsey Kevin $246,300
Previous Owner Canatsey Kevin $75,000
Previous Owner Canatsey Kevin $218,400
Previous Owner Lemus Jesus Z $148,000
Previous Owner Noriega Miguel Nunez $110,500
Previous Owner Pena Alicia $125,000
Closed Noriega Miguel Nunez $13,000
Closed Lemus Jesus Z $18,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2024 04/04/24 Sold $875,000 -2.7% $313 / Sq Ft
03/13/2024 03/13/24 Pending -- -- --
03/04/2024 03/04/24 Price Changed $899,000 +5.9% $321 / Sq Ft
02/26/2024 02/26/24 For Sale $849,000 -- $303 / 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 $4,918 $892,500 $688,500 $204,000
2024 $4,918 $397,565 $255,580 $141,985
2023 $4,809 $389,770 $250,569 $139,201
2022 $4,681 $382,128 $245,656 $136,472
2021 $4,650 $374,637 $240,840 $133,797
2020 $4,593 $370,797 $238,371 $132,426
2019 $4,512 $363,528 $233,698 $129,830
2018 $4,219 $356,401 $229,116 $127,285
2017 $80 $349,414 $224,624 $124,790
2016 $4,053 $342,564 $220,220 $122,344
2015 $3,993 $337,420 $216,913 $120,507
2014 $3,931 $330,811 $212,664 $118,147
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240004022

San Diego MLS

APN: 535-532-07