NOT LISTED FOR SALE

Estimated Value: $953,000 - $1,058,254

3 Beds
3 Baths
1,951 Sq Ft
$508/Sq Ft Est. Value

Last Sold November 08, 2021

Last sale price $875,000 $448 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $6,214/month

8 Days on Market

Highlights

  • Cross Fenced
  • Wood Siding
  • 2-minute walk to Azalea Community Park

About This Home

As of November 2021

DO NOT DISTURB TENANTS. Two turnkey units. Perfect investment for an owner occupier. Unit1: tenant occupied, 2BR/1BA Cal Bungalow, 848SF, hardwood floors, updated galley kitchen w/ granite, 1 car garage, full sized laundry, hardscape patio/yard, dual pane windows, office nook, newer roof, irrigation. Unit2: 1,103SF 1BR/1.5BA remodeled 2016, HW/tile floors, situated with direct alley & Azalea Park access, HUGE yard, deck, patio great for entertaining, 3 car parking, storage shed. Financials listed in MLS.

Last Agent to Sell the Property

David Espinosa

Team Metro License #01828448 Listed on: 09/27/2021

Last Buyer's Agent

Scott Holder

Orion Management & Realty Inc. License #01269149

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,215

Year Built

  • Built in 1953

Lot Details

  • 5,505 Sq Ft Lot
  • Cross Fenced

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 540-081-19-00

Community Details

Overview

  • 2 Units
  • Azalea Park Community

Building Details

  • Net Operating Income $52,969

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,215

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: TULIP
  • Neighborhood: AZALEA PARK
  • Stories: 2 Story
  • Sale Price List Price: 1.03
  • Total Stories: 2
  • Year Built: 1953
  • 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, Wood
  • Fencing: Cross Fencing
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: AZALEA PARK
  • Community: CITY HEIGHTS

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Zoning: R-2:MINOR
  • Assessor Parcel Number: 540-081-19-00
  • Estimated Lot Sq Ft: 5505
  • Estimated Number of Acres: 0.13
  • Map Code Column: H
  • Map Code Page: 1269
  • Map Code Row: 7

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 52969
  • Annual Expense Actual: 13031
  • Gross Rent Multiplier Actual: 12.88
  • Gross Sched Income Actual: 66000
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 1
  • 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

Listed on
Sep 27, 2021
Closed on
Dec 6, 2021
Sold by
Alonzo Alvin Magos and Dizon Alonzo Reinalene
Bought by
Alonzo Alvin Magos and Dizon Alonzo Reinalene
Seller's Agent
David Espinosa
Team Metro
Buyer's Agent
Scott Holder
Orion Management & Realty Inc.
List Price
$849,000
Sold Price
$875,000
Premium/Discount to List
$26,000
3.06%
Current Estimated Value
$990,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,751
Avg. Annual Appreciation
2.16%
Original Mortgage
$656,250
Outstanding Balance
$602,973
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$347,097

Purchase Details

Listed on
Sep 27, 2021
Closed on
Nov 3, 2021
Sold by
Espinosa David
Bought by
Alonzo Alvin Magos and Dizon Alonzo Reinalene
Seller's Agent
David Espinosa
Team Metro
Buyer's Agent
Scott Holder
Orion Management & Realty Inc.
List Price
$849,000
Sold Price
$875,000
Premium/Discount to List
$26,000
3.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,250
Outstanding Balance
$602,973
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$347,097

Purchase Details

Listed on
Nov 25, 2016
Closed on
Dec 29, 2016
Sold by
Pepper 4110 Partnership
Bought by
Espinosa David
Seller's Agent
John DiMarzo
Liberty Pacific Properties
Buyer's Agent
David Espinosa
Team Metro
List Price
$549,000
Sold Price
$550,000
Premium/Discount to List
$1,000
0.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.09%
Original Mortgage
$490,500
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2016
Sold by
Kipp Susan Marie
Bought by
Pepper 4110 Partnership

Purchase Details

Closed on
Aug 11, 1992
Bought by
Kipp Susan M
Source: Public Records

Range of Values:

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Average Value
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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
Alonzo Alvin Magos -- None Available
Alonzo Alvin Magos $875,000 Corinthian Title Company
Espinosa David $550,000 Lawyers Title
Pepper 4110 Partnership $439,100 None Available
Kipp Susan M $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alonzo Alvin Magos $656,250
Previous Owner Espinosa David $490,500
Previous Owner Kipp Susan Marie $480,000
Previous Owner Kipp Susan Marie $400,000
Previous Owner Kipp Susan Marie $50,000
Previous Owner Kipp Susan Marie $60,000
Previous Owner Kipp Susan Marie $335,000
Previous Owner Kipp Susan Marie $259,000
Previous Owner Kipp Susan Marie $193,500
Previous Owner Kipp Susan Marie $15,000
Previous Owner Kipp Susan Marie $25,000
Previous Owner Kipp Susan Marie $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2021 11/08/21 Sold $875,000 +3.1% $448 / Sq Ft
10/09/2021 10/09/21 Pending -- -- --
09/30/2021 09/30/21 For Sale $849,000 +54.4% $435 / Sq Ft
01/10/2017 01/10/17 Sold $550,000 +0.2% --
11/29/2016 11/29/16 Pending -- -- --
11/25/2016 11/25/16 For Sale $549,000 -- --
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 $11,215 $928,554 $436,969 $491,585
2024 $11,215 $910,348 $428,401 $481,947
2023 $10,968 $892,499 $420,001 $472,498
2022 $10,677 $875,000 $411,766 $463,234
2021 $7,300 $589,707 $277,510 $312,197
2020 $7,211 $583,661 $274,665 $308,996
2019 $7,083 $572,218 $269,280 $302,938
2018 $6,622 $560,999 $264,000 $296,999
2017 $82 $425,000 $200,000 $225,000
2016 $2,220 $193,531 $102,506 $91,025
2015 $2,187 $190,625 $100,967 $89,658
2014 $2,152 $186,892 $98,990 $87,902
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210027288

San Diego MLS

APN: 540-081-19