NOT LISTED FOR SALE
1 Bed
1 Bath
19,938 Sq Ft
0.78 Acre Lot

Sale Details

Date Sold: December 18, 2020

Last sale price $7,600,000 $381 Per Sq Ft

8 Days on Market

About This Home

As of December 2020

Call or email listing agent for Offering Memorandum. On-site visits prohibited. Quality multi-family property built 1988. Desirable location with excellent rent increase potential. All units include private balcony or patio. Well maintained property with low maintenance exterior. Stable performing property. New financing available.

Last Agent to Sell the Property

ray adams

Ray Adams Investment Real Estate Inc License #00989238 Listed on: 09/20/2020

Last Buyer's Agent

ray adams

Ray Adams Investment Real Estate Inc License #00989238 Listed on: 09/20/2020

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Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.78

Parking

  • 33 Parking Spaces

Home Design

Interior Spaces

  • 1 Bedroom
  • 19,938 Sq Ft Home
  • 3-Story Property

Additional Homes

  • Number of ADU Units: 36

Community Details

Amenities

  • Recreation Room
  • Elevator

Recreation

  • Fitness Center

Additional Features

  • 36 Units
  • Operating Expense $205,000

Property Details

Home Type

Multi-Family

Lot Details

0.78 Acres

Listing Details

  • Property Type: Residential Income
  • Stories: 3
  • Property Sub Type: Com-Res Income
  • Community Features: Elevator, Exercise Room, Rec Room
  • CapRate: 4.0
  • Co List Office Mls Id: 4865
  • Directions: Site visits are strictly prohibited. OM and website available with photos and virtual tour.
  • Living Area: 19938.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-07-03T08:07:50Z
  • FullAddress: 423 Church Ave.
  • SDMLS_NumofADUUnits: 36.0
  • Special Features: None

Interior Features

  • Total Bedrooms: 1

Garage/Parking

  • Total Parking Spaces: 33.0

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 36
  • Annual Operating Expense: 205000.0

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

Listed on
Sep 20, 2020
Closed on
Oct 20, 2020
Sold by
G And Church Limited Partnership
Bought by
Seller's Agent
ray adams
Ray Adams Investment Real Estate Inc
Buyer's Agent
ray adams
Ray Adams Investment Real Estate Inc
List Price
$7,500,000
Sold Price
$7,600,000
Premium/Discount to List
$100,000
1.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,877,000
Interest Rate
2.7%
Mortgage Type
Construction

Purchase Details

Closed on
May 19, 2005
Sold by
G&Church Street Ltd
Bought by
G & Church Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$714,000
Interest Rate
5.72%
Mortgage Type
Commercial
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
$7,600,000 Chicago Title Co Com Div
G & Church Lp -- Chicago Title Co
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 $4,877,000
Previous Owner G & Church Ltd $736,120
Previous Owner G & Church Limited Partnership $750,000
Previous Owner G & Church Ltd $714,000
Previous Owner G & Church Lp $925,000
Previous Owner G & Church Street Ltd --
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
12/18/2020 12/18/20 Sold $7,600,000 +1.3% $381 / Sq Ft
10/02/2020 10/02/20 Pending -- -- --
09/23/2020 09/23/20 For Sale $7,500,000 -- $376 / 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 $97,830 $8,391,011 $4,416,322 $3,974,689
2025 $97,830 $8,226,482 $4,329,728 $3,896,754
2024 $94,386 $8,065,180 $4,244,832 $3,820,348
2023 $93,112 $7,907,040 $4,161,600 $3,745,440
2022 $90,434 $7,752,000 $4,080,000 $3,672,000
2021 $88,336 $7,600,000 $4,000,000 $3,600,000
2020 $26,744 $2,327,054 $720,337 $1,606,717
2019 $26,052 $2,281,426 $706,213 $1,575,213
2018 $25,648 $2,236,693 $692,366 $1,544,327
2017 $25,108 $2,192,838 $678,791 $1,514,047
2016 $24,514 $2,149,842 $665,482 $1,484,360
2015 $24,165 $2,117,550 $655,486 $1,462,064
2014 $23,766 $2,076,071 $642,646 $1,433,425
Source: Public Records

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Map

Source: San Diego MLS

MLS Number: 200046163

San Diego MLS

APN: 568-420-60-00

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