$350,000
SOLD MAR 16, 2020
4 Beds
2 Baths
1,389 Sq Ft
7,400 Sq Ft Lot

Recently Sold

$252 Per Sq Ft

30% Below List Price

63 Days on Market

Highlights

  • Floor Furnace
  • Partially Fenced Property
  • 1-Story Property

About This Home

As of March 2020

Investor special! Rare fixer opportunity in one of San Diego's strongest rental areas. City has ordered property returned to single-family use, and other violations need to be corrected. Seller states you may be able to add granny flat/ADU (buyer to verify). Easy access to San Diego State University just a few minutes up the road. Currently two 2bed/1ba units (one with permits unknown) on large, flat 7,400 sq.ft. lot. Living space is larger than MLS and tax records indicate. Neighborhoods: Rolando Other Fees: 0 Sewer: Sewer Connected Number of Furnished Units: 2 Topography: LL

Last Agent to Sell the Property

Sean Hillier

Realty Partners Services Inc. License #01872754 Listed on: 12/13/2019

Last Buyer's Agent

Alec Lapp-Rice

Pacific Sotheby's Int'l Realty License #02057643

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,441

Year Built

  • Built in 1951

Lot Details

  • 7,400 Sq Ft Lot
  • Lot Dimensions are 60x133
  • Partially Fenced Property

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Floor Furnace
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 4731320700

Community Details

Overview

  • 2 Units
  • Rolando

Building Details

  • Net Operating Income $33,024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,441

Year Built

Built in 1951

Lot Details

0

Listing Details

  • CapRate: 6.60
  • Park Name: Rolando
  • Subdivision Name Other: College Grove
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 4731320700
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Appliances: Yes
  • Levels: One

Exterior Features

  • Fence: Yes
  • Fencing: Partial
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Utilities

  • Heating: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Natural Gas, Floor Furnace

Lot Info

  • Lot Size: 60x133
  • Lot Size Sq Ft: 7400.00

Multi Family

  • Gross Scheduled Income: 41280.00
  • Lot Size Area: 7400.0000 Square Feet
  • Net Operating Income: 33024.00
  • Number Of Units Total: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 20, 2023
Sold by
Murray Casey
Bought by
Murray Real Estate Investments Llc
Current Estimated Value
$1,382,333

Purchase Details

Listed on
Dec 13, 2019
Closed on
Mar 3, 2020
Sold by
Ryan Samuel P
Bought by
Murray Casey Alden
Seller's Agent
Sean Hillier
Realty Partners Services Inc.
Buyer's Agent
Alec Lapp-Rice
Pacific Sotheby's Int'l Realty
List Price
$499,000
Sold Price
$350,000
Premium/Discount to List
-$149,000
-29.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.55%
Original Mortgage
$422,500
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 11, 2015
Closed on
May 20, 2015
Sold by
Wolf Sheila Gilda
Bought by
Ryan Samuel P
Seller's Agent
Paul Ferrell
Dunn, REALTORS/Park Pacific
Buyer's Agent
Sean Hillier
Realty Partners Services Inc.
List Price
$409,000
Sold Price
$365,000
Premium/Discount to List
-$44,000
-10.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.87%

Purchase Details

Closed on
Feb 10, 2000
Sold by
Wolf Sheila G
Bought by
Wolf Sheila Gilda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
10.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 19, 1998
Sold by
Dorothy Solberg
Bought by
Wolf Sheila Gilda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
7.06%
Mortgage Type
Seller Take Back
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Grant Deed $350,000 Corinthian Title Company
Grant Deed $365,000 Chicago Title Company
Interfamily Deed Transfer -- Chicago Title Company
Interfamily Deed Transfer -- California Title
Interfamily Deed Transfer -- California Title
Grant Deed -- Benefit Land Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $422,500 Commercial
Previous Owner $86,930 New Conventional
Previous Owner $100,000 Credit Line Revolving
Previous Owner $115,500 Unknown
Previous Owner $120,000 Purchase Money Mortgage
Previous Owner $98,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2020 03/16/20 Sold $350,000 0.0% $252 / Sq Ft
03/16/2020 03/16/20 Sold $350,000 -29.9% $252 / Sq Ft
02/15/2020 02/15/20 Pending -- -- --
02/14/2020 02/14/20 Pending -- -- --
12/13/2019 12/13/19 For Sale $499,000 0.0% $359 / Sq Ft
12/13/2019 12/13/19 For Sale $499,000 +36.7% $359 / Sq Ft
05/27/2015 05/27/15 Sold $365,000 -7.6% $228 / Sq Ft
05/19/2015 05/19/15 Pending -- -- --
04/27/2015 04/27/15 Price Changed $395,000 -3.4% $247 / Sq Ft
04/09/2015 04/09/15 For Sale $409,000 +12.1% $256 / Sq Ft
03/18/2015 03/18/15 Off Market $365,000 -- --
03/18/2015 03/18/15 Pending -- -- --
02/10/2015 02/10/15 For Sale $409,000 -- $256 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $14,441 $1,196,460 $717,876 $478,584
2024 $14,441 $1,173,000 $703,800 $469,200
2023 $6,584 $487,898 $309,170 $178,728
2022 $5,968 $487,898 $309,170 $178,728
2021 $5,746 $463,626 $303,108 $160,518
2020 $4,966 $401,108 $128,600 $272,508
2019 $4,878 $393,244 $126,079 $267,165
2018 $4,561 $385,534 $123,607 $261,927
2017 $4,453 $377,976 $121,184 $256,792
2016 $4,381 $370,565 $118,808 $251,757
2015 $1,868 $156,512 $50,180 $106,332
2014 $1,757 $153,448 $49,198 $104,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 190065103

California Regional Multiple Listing Service (CRMLS)

APN: 473-132-07