NOT LISTED FOR SALE

429 E 4th St National City, CA 91950

Estimated Value: $747,000 - $836,000

4 Beds
2 Baths
1,028 Sq Ft
$772/Sq Ft Est. Value

Last Sold August 31, 2021

Last sale price $580,000 $564 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $4,987/month

12 Days on Market

Highlights

  • Gated Community
  • Gated Home
  • Wood Siding
  • Laundry Facilities
  • Level Lot
  • 1-Story Property

About This Home

As of August 2021

We are pleased to present for sale this charming duplex with tremendous upside on a large 9,131 sq. ft. L shaped lot in National City. This property was built in 1912 and has a lot of potential with the opportunity to remodel the existing units while possibly adding some ADUs on site. Current rents are low which gives a savvy investor the chance to increase cash-flow while keeping expenses down. Tenants enjoy spacious fenced in yards, close proximity to major freeways, Kimball Park, and shopping on Plaza Blvd. One of the units has their own private driveway and parking off of E Ave. The property was recently repainted.

Last Agent to Sell the Property

Matt Robinson

MD Real Estate, Inc License #01491108 Listed on: 07/21/2021

Last Buyer's Agent

DEVONNE PETERSON-COOK

FRED SANDS PROFESSIONALS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,885

Year Built

  • Built in 1912

Lot Details

  • Gated Home
  • Property is Fully Fenced
  • Level Lot
  • Sprinkler System
  • Unpaved Streets

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Wired For Data

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Community Details

  • 2 Units
  • Laundry Facilities
  • Net Operating Income $13,860
  • Gated Community

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 556-124-08

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,885

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: E Ave.
  • Neighborhood: SFR & Units
  • LP / Sq Ft: 24.34
  • Stories: 1 Story
  • Sale Price List Price: 1.01
  • Total Stories: 1
  • Year Built: 1912
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood
  • Fencing: Full, Gate
  • Roof: Composition

Utilities

  • Cooling: Wall/Window
  • Sewer/Septic: Sewer Connected
  • Water: Available, Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial), Wired High Speed Internet
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: NATIONAL CITY
  • Complex Features: Gated Community, Laundry Facilities

Lot Info

  • Irrigation: Sprinklers
  • Lot Size: 7,500-10,889 SF
  • Site: Curbs, Public Street, Sidewalks, Street Paved, Street Unpaved
  • Topography: Level
  • Water District: CITY OF NATIONAL CITY
  • Zoning: R-4
  • Assessor Parcel Number: 556-124-08

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 13860
  • Annual Expense Actual: 12188
  • Annual Expense Projected: 12836
  • Gross Rent Multiplier Actual: 21.82
  • Gross Rent Multiplier Projected: 15.59
  • Gross Sched Income Actual: 26580
  • Gross Sched Income Projected: 37200
  • Number Of Buildings: 1
  • Number Of Furnished Units: 2
  • Number Of Units With Dryers: 2
  • 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

Closed on
Aug 21, 2023
Sold by
Minicilli Eric
Bought by
4Th Street National City Llc
Current Estimated Value
$769,031

Purchase Details

Listed on
Jul 21, 2021
Closed on
Aug 30, 2021
Sold by
Minicilli Amy
Bought by
Minicilli Eric Paolo
Seller's Agent
Matt Robinson
MD Real Estate, Inc
Buyer's Agent
DEVONNE PETERSON-COOK
FRED SANDS PROFESSIONALS
List Price
$575,000
Sold Price
$580,000
Premium/Discount to List
$5,000
0.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.40%
Original Mortgage
$435,000
Interest Rate
2.87%

Purchase Details

Closed on
Dec 18, 1998
Sold by
Tornatore Hogle L and Tornatore Lisa
Bought by
Mcdunn Ronald Edward and Mcdunn Lisa Tornatore
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
4Th Street National City Llc -- None Listed On Document
Minicilli Eric Paolo -- Lawyers Title
Minicilli Eric Paolo $580,000 Lawyers Title
Mcdunn Ronald Edward -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 4Th Street National City Llc $1,360,000
Previous Owner Minicilli Eric Paolo $435,000
Previous Owner Mcdunn Ronald Edward $200,000
Previous Owner Mcdunn Ronald Edward $133,750
Previous Owner Mcdunn Ronald Edward $140,000
Previous Owner Mcdunn Ronald Edward $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2021 08/31/21 Sold $580,000 +0.9% $564 / Sq Ft
08/03/2021 08/03/21 Pending -- -- --
07/21/2021 07/21/21 For Sale $575,000 -- $559 / 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 $8,885 $1,063,497 $394,124 $669,373
2024 $8,885 $603,430 $386,397 $217,033
2023 $7,955 $591,599 $378,821 $212,778
2022 $7,930 $580,000 $371,394 $208,606
2021 $2,291 $109,905 $70,376 $39,529
2020 $2,148 $108,779 $69,655 $39,124
2019 $1,963 $106,647 $68,290 $38,357
2018 $1,878 $104,556 $66,951 $37,605
2017 $60 $102,507 $65,639 $36,868
2016 $1,766 $100,498 $64,352 $36,146
2015 $1,752 $98,990 $63,386 $35,604
2014 $1,700 $97,052 $62,145 $34,907
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210020510

San Diego MLS

APN: 556-124-08