NOT LISTED FOR SALE

Estimated Value: $1,008,000 - $2,573,000

2 Beds
2 Baths
2,131 Sq Ft
$746/Sq Ft Est. Value

Last Sold June 09, 2022

Last sale price $806,551 $378 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $9,454/month

4 Days on Market

Highlights

  • Private Pool
  • No HOA
  • Central Heating
  • Lawn
  • Laundry Room
  • 2 Car Garage

About This Home

As of June 2022

It’s a rental. It’s a residence. It’s a family compound! Proven money making duplex in Rolando Village near SDSU. First time on the market in 50 years. Two bedroom unit in front. Three bedroom unit in back. Single level – zero stairs. Each has a private yard. ADU potential in that huge back yard. Attached two car garage. Gas appliances. Laundry hookups on the patios of each unit. Fixer opportunity. Cracked slab. Bring the big toolbox! Convenient shopping, restaurants, and services. Easy access to bus and trolley lines.

Last Agent to Sell the Property

John Rice

Compass License #01506112 Listed on: 05/18/2022

Compass

Co-Listed By

Lorene Rice

Compass License #00676736

Last Buyer's Agent

Aviv Levy

Accredited Financial Group License #02075155

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,341

Year Built

  • Built in 1961

Lot Details

  • 7,160 Sq Ft Lot
  • Lot Dimensions are 50x117
  • 1 Common Wall
  • Rectangular Lot
  • Level Lot
  • Lawn
  • Front Yard

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Driveway

Home Design

  • Duplex
  • Fixer Upper

Interior Spaces

  • 2,131 Sq Ft Home
  • 1-Story Property

Kitchen

  • Gas Oven or Range
  • Range Hood
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Private Pool
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating
  • Heating System Uses Natural Gas
  • Vented Exhaust Fan
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 467-662-14-00
  • Tax Tract Number 4550
  • Assessor Parcel Number 4676621400

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Water Sewer Expense $3,000
  • New Taxes Expense $10,800
  • Operating Expense $11,600
  • Gross Income $38,680
  • Net Operating Income $38,680

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,341

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 35.80
  • Inclusions: All appliances
  • Improvements Amount: 72000
  • Price Per Unit: 400000
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 3000.00
  • Zoning: R-2:MINOR MULTIPLE
  • Property Condition: Fixer
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 4676621400
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 378.48

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Cooking, Gas Water Heater, Range Hood, Refrigerator, Vented Exhaust Fan, Water Heater
  • Heating Type: Central, Natural Gas
  • Laundry Features: Outside, Washer Hookup, Gas Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn, Level with Street, Lot 6500-9999, Rectangular Lot, Level
  • Lot Size: 50x117
  • Lot Size Sq Ft: 7160.00
  • Lot Size Acres: 0.1644

Multi Family

  • Gross Income: 38680.00
  • Gross Scheduled Income: 50280.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 7160.0000 Square Feet
  • Net Operating Income: 38680.00
  • 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 Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 850.00
  • Rent Control: No
  • Total Expenses: 11600.00

Tax Info

  • New Taxes Expense: 10800.00
  • Tax Lot: 467-662-14-00
  • Tax Tract Number: 004550

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2023
Sold by
Waypoint Development Llc
Bought by
Waypoint 51 Llc
Current Estimated Value
$1,589,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,550,000
Interest Rate
7.09%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 4, 2014
Sold by
Kuhlmann Tina C
Bought by
The Primrose Sixty Third Street Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Waypoint 51 Llc -- Lawyers Title Company
The Primrose Sixty Third Street Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Waypoint 51 Llc $200,000
Closed Waypoint 51 Llc $1,550,000
Closed Waypoint 51 Llc $0
Previous Owner Waypoint 51 Llc $3,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2022 06/09/22 Sold $806,551 +0.8% $378 / Sq Ft
05/23/2022 05/23/22 Pending -- -- --
05/18/2022 05/18/22 For Sale $800,000 -- $375 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,341 $855,916 $657,948 $197,968
2024 $10,341 $839,135 $645,048 $194,087
2023 $10,113 $822,682 $632,400 $190,282
2022 $1,383 $110,971 $36,978 $73,993
2021 $1,374 $108,796 $36,253 $72,543
2020 $1,358 $107,682 $35,882 $71,800
2019 $1,334 $105,572 $35,179 $70,393
2018 $1,249 $103,503 $34,490 $69,013
2017 $80 $101,474 $33,814 $67,660
2016 $1,198 $99,485 $33,151 $66,334
2015 $1,181 $97,992 $32,654 $65,338
2014 $1,163 $96,074 $32,015 $64,059
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2204744

California Regional Multiple Listing Service (CRMLS)

APN: 467-662-14