NOT LISTED FOR SALE

4202 Illinois St San Diego, CA 92104

North Park Neighborhood

Estimated Value: $1,092,000 - $1,405,000

2 Beds
2 Baths
1,100 Sq Ft
$1,109/Sq Ft Est. Value

Last Sold May 09, 2022

Last sale price $1,085,000 $986 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $7,513/month

11 Days on Market

Highlights

  • 1-Story Property
  • Garfield Elementary Rated A-
  • Property is Fully Fenced

About This Home

As of May 2022

Exceptional opportunity to develop this single family on a corner lot near shops and restaurants on 30th located within Communities and one block from Vons. Adjacent parcel 4208-4210 Illinois St is also for sale. Combine parcels for 7,200sqft of dirt. Perfect for you if you are looking for a development opportunity in Complete Communities with a FAR of 6.5, max building size of 46,900sqft 2) income property with 2 strong rentable units in the heart of North Park 3) looking for a 2-bedroom, 1-bathroom home with an ADU, formerly a garage, and debt-free solar, to live in now with the dream of developing later. A design for a 9-story, 60 micro-unit building is in hand.

Last Agent to Sell the Property

David Kurniadi

The Kurniadi Group License #01792528 Listed on: 03/31/2022

Last Buyer's Agent

Luke Kensen

house333 License #01519602

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,158

Year Built

  • 1924

Lot Details

  • 0.83

Home Design

  • Tar and Gravel Roof
  • Stucco Exterior

Additional Features

  • 1-Story Property
  • Property is Fully Fenced

Listing and Financial Details

  • Tenant pays for water, electricity, gas/propane
  • Assessor Parcel Number 446-253-11-00

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • North Park Community

Building Details

  • Net Operating Income $40,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,158

Year Built

1924

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Metro Uptown
  • Cross Street: Howard Avenue
  • Neighborhood: North Park
  • Stories: 1 Story
  • Sale Price List Price: 1.15
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1924

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full
  • Roof: Rock/Gravel

Utilities

  • Cooling: Central Forced Air

Condo/Co-op/Association

  • Complex Name: North Park
  • Community: NORTH PARK

Lot Info

  • Lot Size: 1-3,999 SF
  • Assessor Parcel Number: 446-253-11-00

Rental Info

  • Tenant Pays: Water, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 40000
  • Gross Rent Multiplier Actual: 19.3
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 1
  • Number Of Units With Dryers: 1
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 1
  • Number Of Units With Refrigerator: 1
  • Number Of Units With Washers: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2020
Closed on
Dec 10, 2020
Sold by
Humphrey Jamie
Bought by
Humphrey Marcus
Seller's Agent
Sacha Nash
Coldwell Banker West
Buyer's Agent
David Kurniadi
The Kurniadi Group
List Price
$800,000
Sold Price
$740,000
Premium/Discount to List
-$60,000
-7.5%
Current Estimated Value
$1,219,819

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$479,819
Avg. Annual Appreciation
10.74%

Purchase Details

Closed on
Sep 28, 2020
Sold by
4200 Illinois Llc
Bought by
Humphrey Marcus and Mallory Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$555,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 16, 2020
Sold by
Cole Capital Investments Llc
Bought by
4200 Illinois Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,000
Interest Rate
3.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 14, 2019
Sold by
Andersen Sudit Iraseli and Furbish Sudit I
Bought by
Cole Capital Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$478,500
Interest Rate
4.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 6, 2006
Sold by
Furbish Clarence William
Bought by
Furbish Clarence William and Furbish Sudit Israel
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
Humphrey Marcus -- Ticor Title San Diego
Mallory Michael -- Ticor Title
Humphrey Marcus $740,000 Ticor Title San Diego Branch
4200 Illinois Llc -- Ticor Title San Diego Branch
Cole Capital Investments Llc $660,000 Fidelity National Title
Anderson Sudit Iraseli -- Fidelity Natl Ttl San Diego
Furbish Clarence William -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Humphrey Marcus $555,000
Previous Owner 4200 Illinois Llc $483,000
Previous Owner Cole Capital Investments Llc $478,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/09/2022 05/09/22 Sold $1,085,000 +15.4% $986 / Sq Ft
04/12/2022 04/12/22 Pending -- -- --
03/31/2022 03/31/22 For Sale $940,000 +27.0% $855 / Sq Ft
12/14/2020 12/14/20 Sold $740,000 -7.5% $811 / Sq Ft View Prior Sale
09/18/2020 09/18/20 Pending -- -- --
08/11/2020 08/11/20 For Sale $800,000 -- $877 / 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 $13,158 $1,066,000 $933,000 $133,000
2024 $13,158 $1,066,000 $933,000 $133,000
2023 $12,254 $995,000 $871,000 $124,000
2022 $9,242 $754,800 $612,000 $142,800
2021 $9,178 $740,000 $600,000 $140,000
2020 $8,338 $673,199 $495,602 $177,597
2019 $1,127 $93,692 $68,975 $24,717
2018 $1,054 $91,856 $67,623 $24,233
2017 $83 $90,056 $66,298 $23,758
2016 $1,008 $88,292 $64,999 $23,293
2015 $992 $86,967 $64,023 $22,944
2014 $976 $85,264 $62,769 $22,495
Source: Public Records

Agents Affiliated with this Home

  • David Kurniadi

    Seller's Agent in 2022

    David Kurniadi

    The Kurniadi Group

    (858) 461-8846

    5 in this area

    50 Total Sales

    David Kurniadi
    Section Image
  • Luke Kensen

    Buyer's Agent in 2022

    Luke Kensen

    house333

    (619) 313-3200

    20 in this area

    77 Total Sales

    Luke Kensen
    Section Image

  • S

    Seller's Agent in 2020

    Sacha Nash

    Coldwell Banker West

    Section Image
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Map

Source: San Diego MLS

MLS Number: 220007318

San Diego MLS

APN: 446-253-11

California San Diego County San Diego 92104 North Park

4202 Illinois St, San Diego, CA

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