NOT LISTED FOR SALE

Estimated Value: $1,182,000 - $1,472,000

5 Beds
3 Baths
1,616 Sq Ft
$834/Sq Ft Est. Value

Last Sold October 30, 2023

Last sale price $1,228,000 $760 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $7,657/month

8 Days on Market

Highlights

  • Property is near park and public transit
  • Laundry Room
  • No Heating
  • No HOA
  • Bike Trail
  • Front Yard

About This Home

As of October 2023

Calling All Investors! This unique duplex property features (2) two bedrooms, one bath on each side. It is in the heart of Clairemont near the Clairemont Square shopping, movie theaters, grocery, bank and public transportation. It has alley access to ample parking and has private yards for both units. This property also has a 1 bedroom, 1 bath garage conversion (permits unknown). This income producing property is great for owner-occupied or investor a like. Also ideal for investors looking to add properties to their portfolios with growth and strong rental potential. Clairemont’s history of rental demand is some of the highest in San Diego. Don't let this opportunity pass you by.

Last Agent to Sell the Property

sam shuck

Golden Empire Realty License #01770819 Listed on: 10/06/2023

Co-Listed By

David Morrison

Golden Empire Realty License #02124834

Last Buyer's Agent

Twana Rasoul

Compass License #02026495

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 6,312 Sq Ft Lot
  • 1 Common Wall
  • No Landscaping
  • Front Yard

Parking

  • 1 Car Garage

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 1,616 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Additional Features

  • Property is near park and public transit
  • No Heating

Listing and Financial Details

  • Tax Lot 6312
  • Tax Tract Number 2973
  • Assessor Parcel Number 3601002400
  • $33 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,100
  • New Taxes Expense $9,500
  • Operating Expense $11,300
  • Gross Income $75,600
  • Net Operating Income $73,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

6,312 Sq Ft Lot

Parking

1

Listing Details

  • Assessments: Yes
  • CapRate: 6.00
  • Property Attached: Yes
  • View: No
  • Zoning: R-2:MINOR MULTIPLE
  • Property Type: Residential Income
  • Parcel Number: 3601002400
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 759.90

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 1.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard, Near Public Transit, No Landscaping, Park Nearby
  • Lot Size Sq Ft: 6312.00
  • Lot Size Acres: 0.1449

Multi Family

  • Gross Income: 75600.00
  • Gross Scheduled Income: 75600.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 6312.0000 Square Feet
  • Net Operating Income: 73800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 1800.00
  • Rent Control: No
  • Total Expenses: 11300.00

Tax Info

  • New Taxes Expense: 9500.00
  • Tax Lot: 6312
  • Tax Tract Number: 002973
  • TaxOtherAnnualAssessmentAmount: 33.36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2023
Closed on
Oct 19, 2023
Sold by
Villar Jose
Bought by
Seethepalli Kumar and Ramaswamy Rathna
Seller's Agent
sam shuck
Golden Empire Realty
Buyer's Agent
Twana Rasoul
Compass
List Price
$1,200,000
Sold Price
$1,228,000
Premium/Discount to List
$28,000
2.33%
Views
30
Current Estimated Value
$1,198,471

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$29,529
Avg. Annual Appreciation
3.95%
Original Mortgage
$812,500
Outstanding Balance
$794,478
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$552,772

Purchase Details

Closed on
Apr 14, 2017
Sold by
Zakeri Vahid
Bought by
Villar Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$623,498
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 11, 2011
Sold by
Cibrian Ofelia
Bought by
Zakeri Vahid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2005
Sold by
Sisneros Joseph Michael
Bought by
Cibrian Ofelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 8, 2005
Sold by
Emmerich Jeffrey L and Emmerich Gloria L
Bought by
Cibrian Ofelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 24, 2003
Sold by
Fritz Dorothy L
Bought by
Emmrich Jeffrey L and Emmrich Gloria L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,080
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 7, 1984
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Seethepalli Kumar $1,228,000 Corinthian Title Company
Villar Jose $635,000 Lawyers Title Company
Zakeri Vahid $280,000 Lawyers Title
Cibrian Ofelia -- First American Title Co
Cibrian Ofelia $540,000 First American Title Co
Emmrich Jeffrey L $224,000 Fidelity National Title Co
-- $84,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Seethepalli Kumar $812,500
Previous Owner Villar Jose $623,498
Previous Owner Zakeri Vahid $210,000
Previous Owner Cibrian Ofelia $432,000
Previous Owner Emmrich Jeffrey L $179,080
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2023 10/30/23 Sold $1,228,000 +2.3% $760 / Sq Ft
10/14/2023 10/14/23 Pending -- -- --
10/06/2023 10/06/23 For Sale $1,200,000 -- $743 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $16,232 $1,252,560 $918,000 $334,560
2024 $15,122 $1,228,000 $900,000 $328,000
2023 $8,712 $708,349 $565,779 $142,570
2022 $8,481 $694,461 $554,686 $139,775
2021 $8,423 $680,845 $543,810 $137,035
2020 $8,321 $673,864 $538,234 $135,630
2019 $8,173 $660,652 $527,681 $132,971
2018 $7,641 $647,699 $517,335 $130,364
2017 $81 $338,744 $270,564 $68,180
2016 $3,930 $332,103 $265,259 $66,844
2015 $3,872 $327,115 $261,275 $65,840
2014 $3,812 $320,708 $256,157 $64,551
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2304924

California Regional Multiple Listing Service (CRMLS)

APN: 360-100-24

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