NOT LISTED FOR SALE

Estimated Value: $1,298,742 - $1,776,000

5 Beds
2 Baths
1,600 Sq Ft
$979/Sq Ft Est. Value

Last Sold July 15, 2020

Last sale price $960,000 $600 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $9,257/month

43 Days on Market

Highlights

  • Property is Fully Fenced
  • Ocean Beach Elementary School Rated A
  • 1-Story Property

About This Home

As of July 2020

2 unit income generating property ideally located near San Diego’s top attractions. Situated in a friendly community, you will find beaches, top ranked schools, dog park, a nature preserve, restaurants, bars & even one of San Diego’s best farmers market all within a mile of your new location! This turn-key investment is currently operated as a successful short term rental with an excellent unit mix 3bd 1ba & 2bd 1ba makes it extremely versatile. Each unit is equipped with ample parking & tasteful upgrades

Last Agent to Sell the Property

Jason Coriano

Metro San Diego Realty License #01772790 Listed on: 04/15/2020

Last Buyer's Agent

Danny Quesada

eXp Realty of California, Inc. License #02039174

eXp Realty of California, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,547

Year Built

  • Built in 1970

Lot Details

  • 3,127 Sq Ft Lot
  • Property is Fully Fenced

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Listing and Financial Details

  • Tenant pays for water, cable TV, electricity, gas/propane
  • Assessor Parcel Number 449-867-20-00

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • 2 Units
  • Net Operating Income $69,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,547

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Point Loma Blvd
  • Neighborhood: Ocean Beach
  • Stories: 1 Story
  • Sale Price List Price: 0.98
  • Total Stories: 1
  • Year Built: 1970
  • 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
  • Fencing: Full
  • Roof: Composition

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: SAN DIEGO

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Zoning: R-4:MULTIP
  • Assessor Parcel Number: 449-867-20-00
  • Estimated Lot Sq Ft: 3127
  • Estimated Number of Acres: 0.07
  • Map Code Column: B
  • Map Code Page: 1268
  • Map Code Row: 5

Rental Info

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

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 69000
  • Annual Expense Actual: 6000
  • Gross Rent Multiplier Actual: 10.0
  • Gross Sched Income Actual: 75000
  • Number Of Buildings: 1
  • Number Of Furnished Units: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 1
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2020
Closed on
Jun 19, 2020
Sold by
West David
Bought by
Clark Devin Matthew
Seller's Agent
Jason Coriano
Metro San Diego Realty
Buyer's Agent
Danny Quesada
eXp Realty of California, Inc.
List Price
$989,000
Sold Price
$960,000
Premium/Discount to List
-$29,000
-2.93%
Current Estimated Value
$1,565,686

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$605,686
Avg. Annual Appreciation
9.73%
Original Mortgage
$982,080
Outstanding Balance
$868,899
Interest Rate
3.1%
Mortgage Type
VA
Estimated Equity
$696,787

Purchase Details

Closed on
Jul 9, 2018
Sold by
West Shayla
Bought by
West David

Purchase Details

Closed on
May 11, 2018
Sold by
Santana Carly
Bought by
Santana Julian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$576,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 2018
Sold by
Santana Julian D and Smith Blaine
Bought by
West David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$576,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2013
Sold by
Santana Julian D and Smith Blaine
Bought by
Santana Julian D and Smith Blaine

Purchase Details

Closed on
Feb 8, 2013
Sold by
Apg Fund I Llc
Bought by
Santana Julian D and Smith Blaine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
3.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2012
Sold by
Inoue Kathleen and Inoua Marcus
Bought by
Apg Fund 1 Llc

Purchase Details

Closed on
May 11, 2007
Sold by
Inoue Marcus
Bought by
Inoue Kathleen and Inoue Marcus

Purchase Details

Closed on
Aug 9, 2006
Sold by
Inoue Marcus Satoru and Inoue Kathleen Elizabeth
Bought by
Inoue Marcus Satoru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 10, 2003
Sold by
Inoue Marcus Satoru
Bought by
Inoue Marcus Satoru and Inoue Kathleen Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
5.06%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 13, 1999
Sold by
Inoue Marcus Satur
Bought by
Inoue Marcus Satoru and Inoue Kathleen Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,000
Interest Rate
7.95%

Purchase Details

Closed on
Nov 20, 1999
Sold by
Inoue Kathleen Elizabeth
Bought by
Inoue Marcus Satoru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,000
Interest Rate
7.95%

Purchase Details

Closed on
Jun 18, 1999
Sold by
Bate Sylvia J Trust 10-13-95 and Sylvia J
Bought by
Inoue Marcus Satoru and Inoue Kathleen Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,460
Interest Rate
7.64%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 13, 1995
Sold by
Bate Sylvia J
Bought by
Bate Sylvia J

Purchase Details

Closed on
Jun 15, 1989

Purchase Details

Closed on
Oct 18, 1985
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
Clark Devin Matthew $960,000 First American Title Company
West David -- Fidelity National Title San
Santana Julian -- Fidelity National Title
West David $720,000 Fidelity National Title
Smith Blaine -- Fidelity National Title Comp
Santana Julian D -- None Available
Santana Julian D $460,000 First American Title
Apg Fund 1 Llc $400,000 Lawyers Title
Inoue Kathleen -- None Available
Inoue Marcus Satoru -- New Century Title Company
Inoue Marcus Satoru -- Chicago Title Co
Inoue Marcus Satoru -- Chicago Title Co
Inoue Marcus Satoru -- --
Inoue Marcus Satoru -- American Title
Inoue Marcus Satoru $195,000 Lawyers Title
Bate Sylvia J -- --
-- $184,500 --
-- $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clark Devin Matthew $982,080
Previous Owner West David $576,000
Previous Owner Santana Julian D $368,000
Previous Owner Inoue Marcus Satoru $500,000
Previous Owner Inoue Marcus Satoru $60,000
Previous Owner Inoue Marcus Satoru $43,000
Previous Owner Inoue Marcus Satoru $192,460
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2020 07/15/20 Sold $960,000 -1.9% $600 / Sq Ft
05/29/2020 05/29/20 Pending -- -- --
05/29/2020 05/29/20 Price Changed $979,000 -1.0% $612 / Sq Ft
04/15/2020 04/15/20 For Sale $989,000 -- $618 / 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 $12,547 $1,039,130 $858,416 $180,714
2024 $12,547 $1,018,756 $841,585 $177,171
2023 $12,270 $998,782 $825,084 $173,698
2022 $11,944 $979,199 $808,906 $170,293
2021 $11,862 $960,000 $793,046 $166,954
2020 $9,065 $734,399 $606,679 $127,720
2019 $8,904 $720,000 $594,784 $125,216
2018 $5,881 $497,835 $411,256 $86,579
2017 $5,741 $488,075 $403,193 $84,882
2016 $5,649 $478,506 $395,288 $83,218
2015 $5,566 $471,319 $389,351 $81,968
2014 $5,479 $462,088 $381,725 $80,363
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 200017241

San Diego MLS

APN: 449-867-20