NOT LISTED FOR SALE

Estimated Value: $1,199,000 - $1,718,000

3 Beds
2 Baths
1,620 Sq Ft
$935/Sq Ft Est. Value

Last Sold September 25, 2014

Last sale price $700,000 $432 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $8,925/month

80 Days on Market

Highlights

  • RV Parking in Community
  • Property is Fully Fenced
  • 1-Story Property
  • Ocean Beach Elementary School Rated A
  • Level Lot

About This Home

As of September 2014

Great location just around the corner from the Colliers Park. Both units are currently rented and have private yards and entrances. The one bedroom has a remodeled kitchen and bath, the two bedroom is in good condition with original features in the kitchen and bath. Both have original hardwood floors throughout and laundry hook ups. Units are rented without the garage which could be split into two to accommodate future tenants and higher rents plus large drive way with RV parking available. 4463 - Has a private gated entrance and fenced back yard, there is a washer hook up in the unit but the dryer would need to be hooked up in the garage. Garage has two separate doors and there could be a wall put in to divide the space. It is currently being used by the owner for storage. 4465 is completely fenced and there is a gate that can be re-installed in front. It has a laundry room outside of the unit and a storage shed at the back of the yard. Both units are laundry hook ups only. The owner pays for water and it is approximately $260 every two months. Home inspection was recently done and owner has corrected all electric issues noted along with most other items on the report. 4463 bathroom vanity and sink recently replaced due to leak under sink.

Last Agent to Sell the Property

CC Summerfield

Cynthia Summerfield, Broker License #01373421 Listed on: 06/21/2014

Cynthia Summerfield, Broker

Last Buyer's Agent

Jane Yao

Century 21 Affiliated License #01304500

Century 21 Affiliated

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,079

Year Built

  • Built in 1952

Lot Details

  • 6,700 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot
  • Irrigation

Parking

  • RV Potential

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Schools

  • San Diego Unified School District Elementary And Middle School
  • San Diego Unified School District High School

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater
  • Prewired Cat-5 Cables
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 448-702-13-00

Community Details

Overview

  • 2 Units
  • RV Parking in Community

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $32,050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,079

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Soto
  • Neighborhood: Ocean Beach
  • Supplement: 4463 - Has a private gated entrance and fenced back yard, there is a washer hook up in the unit but the dryer would need to be hooked up in the garage. Garage has two separate doors and there could be a wall put in to divide the space. It is currently being used by the owner for storage. 4465 is completely fenced and there is a gate that can be re-installed in front. It has a laundry room outside of the unit and a storage shed at the back of the yard. Both units are laundry hook ups only. The owner pays for water and it is approximately $260 every two months. Home inspection was recently done and owner has corrected all electric issues noted along with most other items on the report. 4463 bathroom vanity and sink recently replaced due to leak under sink.
  • LP / Sq Ft: 503.52
  • Miscellaneous: Outbuilding
  • Stories: 1 Story
  • Sale Price List Price: 0.98
  • Total Stories: 1
  • Year Built: 1952
  • Allow Comments Review: Yes
  • Internet Address Field: Partial Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 3
  • Prkng Non Garage Spac U2: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full
  • Roof: Composition

Garage/Parking

  • Parking for RV: Potential Space

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial), Computer (cat5)
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: OCEAN BEACH
  • Complex Features: RV/Boat Parking

Schools

  • School District URL: https://www.sandiegounified.org/
  • Elementary School: San Diego Unified School District
  • Elementary School Website: https://www.sandiegounified.org/
  • High School: San Diego Unified School District
  • Middle School Url: https://www.sandiegounified.org/
  • Middle School: San Diego Unified School District

Lot Info

  • Irrigation: Manual
  • Lot Size: 4,000-7,499 SF
  • Site: Curbs, Public Street, Sidewalks, Street Paved
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: R2
  • Assessor Parcel Number: 448-702-13-00
  • Land Use Code: Dupl
  • Estimated Lot Dimensions: 68x100
  • Estimated Lot Sq Ft: 6700
  • Water District URL: http://www.ci.san-diego.ca.us/water
  • Estimated Number of Acres: 0.1538
  • Map Code Column: A
  • Map Code Page: 1268
  • Map Code Row: 5

Rental Info

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

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 32050
  • Annual Expense Actual: 3350
  • Gross Rent Multiplier Actual: 4.9
  • Gross Sched Income Actual: 35400
  • Number Of Buildings: 1
  • Number Of Units With Garage: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2014
Closed on
Sep 15, 2014
Sold by
Norris Tamara Dawn and Palacios Tamara
Bought by
Cherng I Jean and Cherng Rosemary
Seller's Agent
CC Summerfield
Cynthia Summerfield, Broker
Buyer's Agent
Jane Yao
Century 21 Affiliated
List Price
$725,000
Sold Price
$700,000
Premium/Discount to List
-$25,000
-3.45%
Current Estimated Value
$1,483,848

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$783,848
Avg. Annual Appreciation
7.08%

Purchase Details

Closed on
Mar 25, 2004
Sold by
Bythewood Stephen Michael and Bythewood Sharon Meier
Bought by
Palacios Tamara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,000
Interest Rate
5.39%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 6, 2003
Sold by
Delaney Frederick G and Delaney Penny L
Bought by
Delaney Frederick G and Delaney Penny L

Purchase Details

Closed on
Oct 29, 1999
Sold by
Virgilio Richard W and Bythewood Stephen M & Sharon Beatrice S
Bought by
Bythewood Stephen Michael and Bythewood Sharon Meier

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,050
Interest Rate
7.69%

Purchase Details

Closed on
May 5, 1989

Purchase Details

Closed on
Jun 3, 1986

Purchase Details

Closed on
Sep 24, 1984
Source: Public Records

Range of Values:

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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
Cherng I Jean $700,000 Chicago Title Company
Norris Tamara Dawn -- Chicago Title Company
Palacios Tamara -- First American Title
Delaney Frederick G -- --
Bythewood Stephen Michael -- First American Title Ins Co
-- $220,000 --
-- $148,500 --
-- $116,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Palacios Tamara $137,000
Previous Owner Palacios Tamara $468,000
Previous Owner Bythewood Stephen Michael $207,000
Previous Owner Bythewood Stephen Michael $203,050
Closed Palacios Tamara $58,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2014 09/25/14 Sold $700,000 -3.4% $432 / Sq Ft
09/08/2014 09/08/14 Pending -- -- --
06/20/2014 06/20/14 For Sale $725,000 -- $448 / 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 $10,079 $841,284 $719,054 $122,230
2024 $10,079 $824,789 $704,955 $119,834
2023 $9,855 $808,618 $691,133 $117,485
2022 $9,591 $792,764 $677,582 $115,182
2021 $9,524 $777,221 $664,297 $112,924
2020 $9,408 $769,253 $657,486 $111,767
2019 $9,238 $754,171 $644,595 $109,576
2018 $8,636 $739,384 $631,956 $107,428
2017 $80 $724,887 $619,565 $105,322
2016 $8,293 $710,674 $607,417 $103,257
2015 $8,186 $700,000 $598,294 $101,706
2014 $7,948 $678,496 $579,914 $98,582
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 140033779

San Diego MLS

APN: 448-702-13