NOT LISTED FOR SALE

4355-61 Parks Ave La Mesa, CA 91941

La Mesa Area
8 Beds
4 Baths
3,130 Sq Ft
1945 Built

Sale Details

Date Sold: October 9, 2020

Last sale price $1,385,000 $442 Per Sq Ft

19 Days on Market

Highlights

  • Cross Fenced
  • Wood Siding
  • 4-minute walk to Highwood Park
  • La Mesa Arts Academy Rated 9+
  • 1-Story Property

About This Home

As of October 2020

Wow! These four completely detached units just completed a major remodel. From the new kitchens with custom cabinets, quartz countertops, stainless steel appliances, new flooring, baseboards, bathrooms, dual pane windows and paint, the newly screened tenants fought over them!! Each unit is 2 bedrooms with one bathroom and has a private yard and private laundry. Plenty of parking spots for each unit too.

Last Agent to Sell the Property

Brian Wood

Damico Realty Group License #01420346 Listed on: 08/21/2020

Co-Listed By

Thad Barrier

Damico Realty Group License #01366277

Last Buyer's Agent

Kenneth Pecus

EXp Realty of California, Inc License #01056969

EXp Realty of California, Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Home Design

  • Composition Roof
  • Wood Siding

Additional Features

  • 1-Story Property
  • Cross Fenced

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 470-480-21-00

Community Details

Overview

  • 4 Buildings
  • 4 Units
  • La Mesa Community

Building Details

  • Net Operating Income $73,675

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: University
  • Neighborhood: La Mesa
  • Stories: 1 Story
  • Sale Price List Price: 0.99
  • Total Stories: 1
  • Year Built: 1945
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Cross Fencing
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: La Mesa
  • Community: LA MESA

Lot Info

  • Lot Size: .25 to .5 AC
  • Assessor Parcel Number: 470-480-21-00

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 73675
  • Gross Rent Multiplier Actual: 13.91
  • Number Of Buildings: 4
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 4
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 4

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
Aug 21, 2020
Closed on
Sep 28, 2020
Sold by
Bought by
Seller's Agent
Brian Wood
Damico Realty Group
Buyer's Agent
Kenneth Pecus
EXp Realty of California, Inc
List Price
$1,399,000
Sold Price
$1,385,000
Premium/Discount to List
-$14,000
-1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$913,500
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 10, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$889,000
Interest Rate
3.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 10, 2019
Sold by
Bought by

Purchase Details

Closed on
Jun 9, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Interest Rate
3.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 24, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 12, 2008
Sold by
Bought by

Purchase Details

Closed on
Nov 21, 2003
Sold by
Bought by

Purchase Details

Closed on
Oct 7, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
10.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 21, 1998
Sold by
Bought by

Purchase Details

Closed on
Sep 24, 1984
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
$1,385,000 Ticor Title Co San Diego
$1,150,000 Ticor Title
-- None Available
-- Chicago Title Company Sd
-- Chicago Title Company
-- None Available
-- None Available
-- --
-- --
-- --
$183,500 Chicago Title Co
$108,849 Chicago Title Co
$160,100 --
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 $913,500
Previous Owner $889,000
Previous Owner $532,000
Previous Owner $300,000
Previous Owner $175,000
Previous Owner $156,000
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
10/09/2020 10/09/20 Sold $1,385,000 -1.0% $442 / Sq Ft
09/10/2020 09/10/20 Pending -- -- --
08/21/2020 08/21/20 For Sale $1,399,000 -- $447 / 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 $19,456 $1,529,149 $756,294 $772,855
2025 $18,946 $1,499,166 $741,465 $757,701
2024 $18,946 $1,469,772 $726,927 $742,845
2023 $18,141 $1,440,954 $712,674 $728,280
2022 $17,891 $1,412,700 $698,700 $714,000
2021 $17,631 $1,385,000 $685,000 $700,000
2020 $4,123 $263,019 $110,744 $152,275
2019 $3,941 $257,863 $108,573 $149,290
2018 $3,812 $252,808 $106,445 $146,363
2017 $3,705 $247,852 $104,358 $143,494
2016 $3,589 $242,993 $102,312 $140,681
2015 $3,562 $239,344 $100,776 $138,568
2014 $3,506 $234,656 $98,802 $135,854
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 200040550

San Diego MLS
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