NOT LISTED FOR SALE

408 S 33rd St San Diego, CA 92113

Logan Heights Neighborhood

Estimated Value: $723,000 - $1,006,000

4 Beds
3 Baths
1,200 Sq Ft
$701/Sq Ft Est. Value

Last Sold October 20, 2020

Last sale price $590,000 $492 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $5,189/month

25 Days on Market

Highlights

  • City View
  • Laundry Facilities
  • Level Lot
  • Security Gate
  • Gated Home
  • 1-Story Property

About This Home

As of October 2020

Great Multi-Family Income Property in rapidly growing Logan Heights neighborhood with 3 rentable units with separate entrances, PLUS room to build more. Completely renovated in 2019. Patio and Storage Space with Washer and Dryer in Garage. Very convenient location with easy access to the freeways. 2 bed/1 bath unit and (2) studio apartments each with assigned parking spots. No HOA. Minutes to downtown, Balboa Park and 32nd St Base. Tenant Occupied. $4000/month rental income. 7.8% Cap Rate!!

Last Agent to Sell the Property

Seth Struiksma

Compass License #01868552 Listed on: 08/20/2020

Compass

Last Buyer's Agent

Janet Bernarda

Thank You Heroes Realty License #02079301

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,724

Year Built

  • Built in 1970

Lot Details

  • 4,061 Sq Ft Lot
  • Gated Home
  • Property is Fully Fenced
  • Level Lot

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Wired For Data
  • City Views
  • Security Gate

Utilities

  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for water, electricity
  • Assessor Parcel Number 545-550-22-00

Community Details

Overview

  • 3 Units
  • Logan Heights Community

Additional Features

  • Laundry Facilities
  • Net Operating Income $48,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,724

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: Ocean View Blvd and 33rd St
  • Neighborhood: Logan Heights
  • Stories: 1 Story
  • Sale Price List Price: 0.98
  • Total Stories: 1
  • Year Built: 1970
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Prkng Non Garage Spac U3: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Full, Gate
  • Roof: Composition
  • View: City

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Electric, Gas
  • Telecommunications: Cable (coaxial), Wired High Speed Internet
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Complex Name: Logan Heights
  • Community: LOGAN HEIGHTS
  • Complex Features: Laundry Facilities
  • Manager Name: Struiksma Inc
  • Manager Phone: 714-448-4699

Fee Information

  • Other Fees Type: Security Gate

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Curbs, Public Street, Street Paved
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: R-1:SINGLE
  • Assessor Parcel Number: 545-550-22-00
  • Estimated Lot Sq Ft: 4061
  • Water District URL: http://www.ci.san-diego.ca.us/water
  • Estimated Number of Acres: 0.09
  • Map Code Column: F
  • Map Code Page: 1289
  • Map Code Row: 5

Rental Info

  • Tenant Pays: Water, Electricity

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 48000
  • Annual Expense Actual: 28800
  • Gross Rent Multiplier Actual: 12.81
  • Gross Sched Income Actual: 4000
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Dryers: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2020
Closed on
Sep 22, 2020
Sold by
Newman Daniel J
Bought by
Pulley Christian Devan
Seller's Agent
Seth Struiksma
Compass
Buyer's Agent
Janet Bernarda
Thank You Heroes Realty
List Price
$615,000
Sold Price
$590,000
Premium/Discount to List
-$25,000
-4.07%
Current Estimated Value
$840,614

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$250,614
Avg. Annual Appreciation
7.54%
Original Mortgage
$590,000
Outstanding Balance
$525,958
Interest Rate
2.9%
Mortgage Type
VA
Estimated Equity
$314,656

Purchase Details

Closed on
Nov 1, 2018
Sold by
Anne Romine 2018 Trust
Bought by
Newman Daniel J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,250
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2018
Sold by
Romine Anne
Bought by
Romine Anne

Purchase Details

Closed on
Jan 11, 2018
Sold by
Romine Anne
Bought by
Romine Anne

Purchase Details

Listed on
Sep 9, 2017
Closed on
Oct 13, 2017
Sold by
Sidlo Llc
Bought by
Romine Anne and Romine William
Seller's Agent
Janell O'Meara
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Janell O'Meara
Berkshire Hathaway HomeServices California Properties
List Price
$445,000
Sold Price
$445,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.41%
Original Mortgage
$295,000
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 9, 2017
Closed on
Sep 27, 2017
Sold by
Romine William Dennis
Bought by
Rominem Anne
Seller's Agent
Janell O'Meara
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Janell O'Meara
Berkshire Hathaway HomeServices California Properties
List Price
$445,000
Sold Price
$445,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 16, 2016
Closed on
Feb 22, 2017
Sold by
Vargas Jorge
Bought by
Maldonado Jorge Vargas
Seller's Agent
Philip Meza
NON-MEMBER/NBA or BTERM OFFICE
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$350,000
Sold Price
$263,000
Premium/Discount to List
-$87,000
-24.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
147.63%
Original Mortgage
$292,800
Interest Rate
4.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 9, 2016
Sold by
Vargas Jorge
Bought by
Vargas Velarde Betsabe

Purchase Details

Closed on
Nov 19, 2014
Sold by
Vargas Jorge
Bought by
Jorge Vargas Revocable Living Trust

Purchase Details

Closed on
Aug 18, 1988
Bought by
Vargas Jorge
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
Pulley Christian Devan $590,000 Lawyers Title Company
Newman Daniel J $425,000 First American Title
Romine Anne -- None Available
Romine Anne -- None Available
Romine Anne $445,000 California Title Company
Rominem Anne -- California Title Company
Maldonado Jorge Vargas -- Landwood Title
Sidlo Llc $268,000 Landwood Title
Velarde Betsabe Vargas -- Landwood Title
Maldonado Jorge Vargas -- Landwood Title
Vargas Velarde Betsabe -- None Available
Jorge Vargas Revocable Living Trust -- None Available
Vargas Jorge $66,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pulley Christian Devan $590,000
Previous Owner Newman Daniel J $412,250
Previous Owner Romine Anne $295,000
Previous Owner Sidlo Llc $292,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2020 10/20/20 Sold $590,000 -1.5% $492 / Sq Ft
09/15/2020 09/15/20 Pending -- -- --
09/08/2020 09/08/20 Price Changed $599,000 -2.6% $499 / Sq Ft
08/20/2020 08/20/20 For Sale $615,000 +44.7% $513 / Sq Ft
02/05/2019 02/05/19 Sold $425,000 -8.6% $393 / Sq Ft
10/29/2018 10/29/18 Pending -- -- --
09/25/2018 09/25/18 For Sale $465,000 +4.5% $430 / Sq Ft
10/19/2017 10/19/17 Sold $445,000 0.0% $411 / Sq Ft
09/22/2017 09/22/17 Pending -- -- --
09/09/2017 09/09/17 For Sale $445,000 +69.2% $411 / Sq Ft
03/22/2017 03/22/17 Sold $263,000 -15.2% $243 / Sq Ft
01/19/2017 01/19/17 Price Changed $310,000 +3.3% $287 / Sq Ft
01/19/2017 01/19/17 Price Changed $300,000 -14.3% $277 / Sq Ft
01/19/2017 01/19/17 For Sale $350,000 +33.1% $323 / Sq Ft
01/05/2017 01/05/17 Off Market $263,000 -- --
11/16/2016 11/16/16 For Sale $350,000 -- $323 / 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 $7,724 $638,631 $300,531 $338,100
2024 $7,724 $626,110 $294,639 $331,471
2023 $7,554 $613,834 $288,862 $324,972
2022 $7,353 $601,799 $283,199 $318,600
2021 $7,303 $590,000 $277,647 $312,353
2020 $5,364 $433,500 $204,000 $229,500
2019 $5,515 $445,000 $200,000 $245,000
2018 $2,075 $173,886 $27,024 $146,862
2017 $80 $112,635 $26,495 $86,140
2016 $1,244 $110,427 $25,976 $84,451
2015 $1,225 $108,769 $25,586 $83,183
2014 $1,205 $106,639 $25,085 $81,554
Source: Public Records

Agents Affiliated with this Home

  • Seth Struiksma

    Seller's Agent in 2020

    Seth Struiksma

    Compass

    (714) 448-4699

    3 in this area

    108 Total Sales

    Seth Struiksma
    Section Image

  • J

    Buyer's Agent in 2020

    Janet Bernarda

    Thank You Heroes Realty

  • Ronald Greenwald

    Seller's Agent in 2019

    Ronald Greenwald

    Sage Legacy Properties

    (760) 390-0149

    140 Total Sales

    Ronald Greenwald
    Section Image

  • P

    Seller Co-Listing Agent in 2019

    Patti Gerke

    Compass

  • Janell O'Meara

    Seller's Agent in 2017

    Janell O'Meara

    Berkshire Hathaway HomeServices California Properties

    (619) 972-3207

    48 Total Sales

    Janell O'Meara
    Section Image

  • P

    Seller's Agent in 2017

    Philip Meza

    NON-MEMBER/NBA or BTERM OFFICE

See All Agents

Map

Source: San Diego MLS

MLS Number: 200040323

San Diego MLS

APN: 545-550-22

California San Diego County San Diego 92113 Logan Heights

408 S 33rd St, San Diego, CA

This home is located at 408 S 33rd St, San Diego, CA 92113 since 20 August 2020 and is currently estimated at $840,614, approximately $700 per square foot. This property was built in 1970. 408 S 33rd St is a home located in San Diego County with nearby schools including Rodriguez Elementary School, Logan Memorial Educational Campus, and King-Chavez Primary Academy.

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