NOT LISTED FOR SALE

4550 36th St San Diego, CA 92116

Normal Heights Neighborhood

Estimated Value: $1,271,000 - $1,450,000

7 Beds
4 Baths
2,400 Sq Ft
$574/Sq Ft Est. Value

Sale Details

Date Sold: August 24, 2021

Last sale price $1,160,000 $483 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $8,665 / mo

98 Days on Market

About This Home

As of August 2021

Contact Agent for Marketing Brochure. The 36th Street Apartments is a small, garden-style community located in the highly desirable and vibrant Normal Heights sub-market of San Diego, California. The property was originally built by the current owner in 1989 and is comprised of three total units. One (1) Two-Bedroom / One-Bath single-story, stand-alone unit sits at the front of the property near the street, o?ering tenants approximately 725sf of living space. Directly behind that unit on the ground ?oor sits another Two-Bedroom / One-Bath unit, also approximately 725sf. Sitting above that unit on the second story is a newly refurbished Three-Bedroom / Two-Bath unit of approximately 950sf.

Last Agent to Sell the Property

Matthew Brothers

Acre Investment Real Estate License #01704743 Listed on: 05/04/2021

Last Buyer's Agent

Chris Go

Strategic Asset Management Group, Inc. License #02011784

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • Gated Home

Home Design

  • Clay Roof
  • Stucco Exterior

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 447-041-25-00

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Net Operating Income $29,464

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0.93 Acres

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: 36th St & Madison Ave
  • Neighborhood: Normal Heights
  • LP / Sq Ft: 25.34
  • Sale Price List Price: 0.97
  • Year Built: 1989
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Gate
  • Roof: Tile/Clay

Condo/Co-op/Association

  • Community: NORMAL HEIGHTS

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 447-041-25-00

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 29464
  • Gross Rent Multiplier Actual: 22.52
  • Gross Rent Multiplier Projected: 16.95
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 3
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Other Income Actual: 600
  • Other Income Projected: 600.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 2, 2023
Sold by
Hasegawa Erica K
Bought by
Hasegawahappens Trust and Hasegawa
Current Estimated Value
$1,378,745

Purchase Details

Listed on
May 4, 2021
Closed on
Jul 28, 2021
Sold by
Doren John L and Doren Barbara Ann
Bought by
Hasegawa Erica K
Seller's Agent
Matthew Brothers
Acre Investment Real Estate
Buyer's Agent
Chris Go
Strategic Asset Management Group, Inc.
List Price
$1,250,000
Sold Price
$1,160,000
Premium/Discount to List
-$90,000
-7.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.80%
Original Mortgage
$825,661
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2006
Sold by
Doren John L and Doren Barbara Ann
Bought by
Doren John L and Doren Barbara Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.3%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Sep 5, 1985
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hasegawahappens Trust -- None Listed On Document
Hasegawa Erica K $1,160,000 Fidelity Natl Ttl Builder Sv
Doren John L -- Accommodation
Doren John L -- Stewart Title Of California
-- $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hasegawa Erica K $825,661
Previous Owner Doren John L $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2021 08/24/21 Sold $1,160,000 -2.9% $483 / Sq Ft
08/11/2021 08/11/21 Pending -- -- --
06/03/2021 06/03/21 Price Changed $1,195,000 -4.4% $498 / Sq Ft
05/04/2021 05/04/21 For Sale $1,250,000 -- $521 / Sq Ft
Source: San Diego MLS

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 $14,862 $1,231,001 $700,397 $530,604
2024 $14,862 $1,206,864 $686,664 $520,200
2023 $14,534 $1,183,200 $673,200 $510,000
2022 $14,148 $1,160,000 $660,000 $500,000
2021 $3,373 $271,061 $109,836 $161,225
2020 $3,333 $268,282 $108,710 $159,572
2019 $3,274 $263,023 $106,579 $156,444
2018 $3,062 $257,867 $104,490 $153,377
2017 $2,989 $252,812 $102,442 $150,370
2016 $2,940 $247,856 $100,434 $147,422
2015 $2,897 $244,134 $98,926 $145,208
2014 $2,853 $239,353 $96,989 $142,364
Source: Public Records

Agents Affiliated with this Home

  • Matthew Brothers

    Seller's Agent in 2021

    Matthew Brothers

    Acre Investment Real Estate

    (805) 698-7098

    1 in this area

    2 Total Sales

    Matthew Brothers
    Section Image

  • C

    Buyer's Agent in 2021

    Chris Go

    Strategic Asset Management Group, Inc.

    (619) 880-5165

    1 in this area

    17 Total Sales

    Chris Go
    Section Image
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Map

Source: San Diego MLS

MLS Number: 210011807

San Diego MLS

APN: 447-041-25

California San Diego County San Diego 92116 Normal Heights

4550 36th St, San Diego, CA

Not Listed for Sale

MultiFamily

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