NOT LISTED FOR SALE

Estimated Value: $1,393,855

5 Beds
3 Baths
1,511 Sq Ft
$922/Sq Ft Est. Value

Last Sold April 06, 2021

Last sale price $1,150,000 $761 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $8,555/month

8 Days on Market

Highlights

  • Zoned Heating and Cooling
  • Partially Fenced Property
  • West of 5 Freeway
  • Ocean Beach Elementary School Rated A
  • Level Lot
  • 1-Story Property

About This Home

As of April 2021

CASH FLOWING INVESTMENT DUPLEX JUST BLOCKS TO THE OCEAN! Owners attention to detail shows with this totally remodeled duplex. Updated electrical, plumbing, kitchen w/ quartz counters, stainless appliances, gas stoves, A/C & Heat, Luxury vinyl flooring, updated baths & inside laundry. Front unit is 2/1 bath with one parking spot, back unit is 3Bed /2Ba w/2 parking spots & yard area. Located near easy on off access to freeways and shopping. This upscale duplex fits the active Beach lifestyle.

Last Agent to Sell the Property

Melvin Burgess

Coldwell Banker Realty License #01874411 Listed on: 02/26/2021

Coldwell Banker Realty

Co-Listed By

Awate Tekeste

Coldwell Banker Realty License #02105543

Last Buyer's Agent

Nate Higginbotham

NewTown Real Estate License #01993621

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,937

Year Built

  • Built in 1955

Lot Details

  • 3,127 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Home Design

  • Rolled or Hot Mop Roof
  • Stucco Exterior

Utilities

  • Zoned Heating and Cooling
  • Cooling System Mounted To A Wall/Window
  • Separate Water Meter
  • Gas Water Heater

Additional Features

  • 1-Story Property
  • West of 5 Freeway

Listing and Financial Details

  • Assessor Parcel Number 449-867-21-00

Community Details

Overview

  • 2 Units
  • 2 Units Community

Building Details

  • Net Operating Income $60,234

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,937

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: West Point Loma
  • Neighborhood: Ocean Beach
  • Stories: 1 Story
  • Sale Price List Price: 0.96
  • Total Stories: 1
  • Year Built: 1955
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Block, Stucco
  • Fencing: Partial
  • Roof: Rolled/Hot Mop

Utilities

  • Cooling: Wall/Window, Zoned Area(s)
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Combination Heating, Zoned Areas

Condo/Co-op/Association

  • Complex Name: 2 units
  • Community: OCEAN BEACH
  • Manager Name: Self Managed

Lot Info

  • Lot Size: 1-3,999 SF
  • Site: Public Street, West of I-5
  • Topography: Level
  • Zoning: R-4:MULTIP
  • Assessor Parcel Number: 449-867-21-00
  • Estimated Lot Sq Ft: 3127
  • Estimated Number of Acres: 0.07
  • Map Code Column: B
  • Map Code Page: 1268
  • Map Code Row: 5

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 60234
  • Annual Expense Actual: 30966
  • Gross Rent Multiplier Actual: 12.6
  • Gross Sched Income Actual: 92100
  • Number Of Buildings: 1
  • Number Of Furnished Units: 2
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Patios: 1
  • 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

Listed on
Feb 26, 2021
Closed on
Mar 24, 2021
Sold by
Tekeste Denden S
Bought by
Agnew Patrick K and Lynch Agnew Barbara
Seller's Agent
Melvin Burgess
Coldwell Banker Realty
Buyer's Agent
Nate Higginbotham
NewTown Real Estate
List Price
$1,150,000
Sold Price
$1,150,000
Current Estimated Value
$1,393,855

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$243,855
Original Mortgage
$920,000
Outstanding Balance
$826,106
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2018
Sold by
Campbell Joshua
Bought by
Tekeste Denden S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$646,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2017
Sold by
Gray Thomas and Gray Kathy
Bought by
Campbell Joshua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,500
Interest Rate
4.03%
Mortgage Type
VA

Purchase Details

Closed on
Jan 27, 2011
Sold by
Gray Thomas A and Gray Kathy S
Bought by
Gray Thomas and Gray Kathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
4.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2009
Sold by
Gray Thomas A and Gray Kathy S
Bought by
Gray Thomas A and Gray Kathy S

Purchase Details

Closed on
Aug 12, 2004
Sold by
Gray Thomas A and Gray Kathy S
Bought by
Stragier Daniel E and Gray Thomas A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,000
Interest Rate
5.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 1991

Purchase Details

Closed on
Aug 11, 1987

Purchase Details

Closed on
Apr 22, 1987
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
Agnew Patrick K $1,150,000 Stewart Title Of California
Tekeste Denden S $760,000 Ticor Title
Campbell Joshua $710,000 Corinthian Title
Gray Thomas -- Accommodation
Gray Thomas A -- Chicago Title Co
Gray Thomas A -- None Available
Stragier Daniel E -- Chicago Title
-- $170,000 --
-- $142,000 --
-- $111,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Agnew Patrick K $920,000
Previous Owner Tekeste Denden S $646,000
Previous Owner Campbell Joshua $532,500
Previous Owner Gray Thomas A $264,000
Previous Owner Stragier Daniel E $278,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/06/2021 04/06/21 Sold $1,150,000 -4.2% $761 / Sq Ft
03/06/2021 03/06/21 Pending -- -- --
03/06/2021 03/06/21 Price Changed $1,200,000 +4.3% $794 / Sq Ft
02/26/2021 02/26/21 For Sale $1,150,000 -- $761 / 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 $14,937 $1,244,796 $1,082,432 $162,364
2024 $14,937 $1,220,389 $1,061,208 $159,181
2023 $14,606 $1,196,460 $1,040,400 $156,060
2022 $14,216 $1,173,000 $1,020,000 $153,000
2021 $9,684 $783,229 $694,979 $88,250
2020 $9,567 $775,199 $687,853 $87,346
2019 $9,396 $760,000 $674,366 $85,634
2018 $8,539 $724,200 $642,600 $81,600
2017 $3,061 $259,005 $213,306 $45,699
2016 $3,012 $253,927 $209,124 $44,803
2015 $2,968 $250,114 $205,983 $44,131
2014 -- $245,216 $201,949 $43,267
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210005021

San Diego MLS

APN: 449-867-21