$785,000
SOLD NOV 3, 2023
2 Beds
2 Baths
1,500 Sq Ft
2,100 Sq Ft Lot

Recently Sold

$523 Per Sq Ft

6% Above List Price

28 Days on Market

Highlights

  • Property is Fully Fenced
  • Birney Elementary School Rated A
  • Wood Siding

About This Home

As of November 2023

Tasty North Park/ Normal Heights location. Least expensive duplex on the market. Convert back to a single family home? Renovate the existing units. Great starter investment with a great location for always finding good tenants. Property will only be shown with an Accepted offer. Updated listing to include washer/dryer hookups for both units on 9-8.

Last Agent to Sell the Property

Rick Thornton

Cal-Prop Realty, Inc. License #00961311 Listed on: 09/07/2023

Last Buyer's Agent

Cameron Hudspeth

Networth Realty License #02195161

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,983

Year Built

  • Built in 1927

Lot Details

  • 2,100 Sq Ft Lot
  • Property is Fully Fenced

Home Design

  • Rolled or Hot Mop Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 445-161-21-00

Community Details

Overview

  • 2 Units
  • Arizona St Community

Building Details

  • Net Operating Income $28,350

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,983

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Monroe
  • Neighborhood: Normal Heights
  • LP / Sq Ft: 19.13
  • Stories: 2 Story
  • Sale Price List Price: 1.06
  • Total Stories: 2
  • Year Built: 1927
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood
  • Fencing: Full
  • Roof: Rolled/Hot Mop

Condo/Co-op/Association

  • Complex Name: Arizona St
  • Community: NORTH PARK
  • Manager Name: Cal-Prop Mngmt

Lot Info

  • Lot Size: 1-3,999 SF
  • Assessor Parcel Number: 445-161-21-00
  • Estimated Lot Dimensions: 35 x 60
  • Estimated Lot Sq Ft: 2100

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 28350
  • Annual Expense Actual: 9450
  • Annual Expense Projected: 16560
  • Gross Rent Multiplier Actual: 19.55
  • Gross Rent Multiplier Projected: 13.38
  • Gross Sched Income Actual: 37800
  • Gross Sched Income Projected: 55200
  • Number Of Buildings: 1
  • 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
Sep 7, 2023
Closed on
Oct 19, 2023
Sold by
Socal Metro Holdings Llc
Bought by
Der Spielplan Llc
Seller's Agent
Rick Thornton
Cal-Prop Realty, Inc.
Buyer's Agent
Cameron Hudspeth
Networth Realty
List Price
$739,000
Sold Price
$785,000
Premium/Discount to List
$46,000
6.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.69%
Original Mortgage
$798,000
Outstanding Balance
$783,947
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$363,380

Purchase Details

Listed on
Sep 7, 2023
Closed on
Oct 16, 2023
Sold by
Managemen John Lutrelle Gibson Revocable
Bought by
Socal Metro Holdings Llc
Seller's Agent
Rick Thornton
Cal-Prop Realty, Inc.
Buyer's Agent
Cameron Hudspeth
Networth Realty
List Price
$739,000
Sold Price
$785,000
Premium/Discount to List
$46,000
6.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$798,000
Outstanding Balance
$783,947
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$363,380

Purchase Details

Closed on
Oct 20, 1993
Sold by
Gibson John Lutrelle
Bought by
Gibson John Lutrelle

Purchase Details

Closed on
Apr 6, 1984
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $810,000 First American Title
Grant Deed $785,000 First American Title
Warranty Deed -- --
Deed $62,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $798,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2025 07/03/25 Price Changed $1,149,000 -2.2% $840 / Sq Ft
05/20/2025 05/20/25 Price Changed $1,175,000 -1.8% $859 / Sq Ft
03/13/2025 03/13/25 For Sale $1,197,000 +52.5% $875 / Sq Ft
11/03/2023 11/03/23 Sold $785,000 +6.2% $523 / Sq Ft
10/06/2023 10/06/23 Pending -- -- --
09/22/2023 09/22/23 For Sale $739,000 0.0% $493 / Sq Ft
09/13/2023 09/13/23 Pending -- -- --
09/07/2023 09/07/23 For Sale $739,000 -- $493 / 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 $9,983 $826,200 $714,000 $112,200
2024 $9,983 $810,000 $700,000 $110,000
2023 $1,693 $135,376 $99,555 $35,821
2022 $1,648 $132,722 $97,603 $35,119
2021 $1,637 $130,121 $95,690 $34,431
2020 $1,617 $128,787 $94,709 $34,078
2019 $1,589 $126,262 $92,852 $33,410
2018 $1,487 $123,787 $91,032 $32,755
2017 $1,452 $121,361 $89,248 $32,113
2016 $1,427 $118,983 $87,499 $31,484
2015 $1,406 $117,197 $86,185 $31,012
2014 $1,385 $114,902 $84,497 $30,405
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 230017538

San Diego MLS

APN: 445-161-21