NOT LISTED FOR SALE

Estimated Value: $1,749,000 - $2,316,000

2 Beds
2 Baths
1,914 Sq Ft
$1,098/Sq Ft Est. Value

Last Sold December 16, 2021

Last sale price $1,516,625 $792 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $12,760/month

58 Days on Market

Highlights

  • Ocean View
  • No HOA
  • Gentle Sloping Lot
  • Silver Gate Elementary School Rated A
  • Laundry Room
  • Stacked Washer and Dryer

About This Home

As of December 2021

Live in one and rent out the other! Great opportunity and Rare find in Ocean Beach! Two gorgeous two bedroom units on one lot within a couple of blocks from the beach and Sunset Cliffs! This is the beach lifestyle property with indoor outdoor living that you have been waiting to own! The front unit (4580) is one story and features an open concept remodeled kitchen that flows to the living and dining areas, french doors, updated windows, 2 bedrooms and a bonus patio. The back unit (4582) is 2 stories and features an open floor plan upstairs with Ocean views from the deck, an upgraded kitchen, 2 bedrooms, a 2 car attached garage with alley access, air conditioning and a bonus patio. This property is a must see!

Last Agent to Sell the Property

Bobby Graham

Personalized RE License #01824264 Listed on: 09/09/2021

Last Buyer's Agent

Kelsey Olson

Compass License #02033733

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,414

Year Built

  • Built in 1955

Lot Details

  • 3,500 Sq Ft Lot
  • No Common Walls
  • Gentle Sloping Lot

Parking

  • 2 Car Garage

Interior Spaces

  • 1,914 Sq Ft Home
  • Ocean Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Listing and Financial Details

  • Legal Lot and Block 5 / 14
  • Tax Tract Number 279
  • Assessor Parcel Number 4485810300
  • $34 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $887
  • Operating Expense $7,991
  • Gross Income $64,500
  • Net Operating Income $56,509

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,414

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 3.50
  • Price Per Unit: 762500
  • Property Attached: No
  • View: Yes
  • Zoning: RM-1-1
  • Property Type: Residential Income
  • Parcel Number: 4485810300
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 792.39

Exterior Features

  • View: Ocean
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Stackable
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Land Lease: No
  • Lot Features: Gentle Sloping
  • Lot Size Sq Ft: 3500.00
  • Lot Size Acres: 0.0803

Multi Family

  • Gross Income: 64500.00
  • Gross Scheduled Income: 77100.00
  • Insurance Expense: 887.00
  • Lot Size Area: 3500.0000 Square Feet
  • Net Operating Income: 56509.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Patio: 2
  • Number With Refrigerator: 2
  • Operating Expense: 7991.00
  • Rent Control: No
  • Total Expenses: 7991.00

Tax Info

  • Tax Block: 14
  • Tax Lot: 5
  • Tax Tract Number: 000279
  • TaxOtherAnnualAssessmentAmount: 34.44

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2022
Sold by
Hamill Robert A and Hamill Kelsey L
Bought by
Hamill Family Trust and Hamill
Current Estimated Value
$2,101,482

Purchase Details

Listed on
Sep 9, 2021
Closed on
Nov 24, 2021
Sold by
Brockett Jeffrey E and Brockett Melissa
Bought by
Hamill Robert A and Hamill Kelsey L
Seller's Agent
Bobby Graham
Personalized RE
Buyer's Agent
Kelsey Olson
Compass
List Price
$1,599,000
Sold Price
$1,516,625
Premium/Discount to List
-$82,375
-5.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.96%

Purchase Details

Closed on
Jun 20, 2017
Sold by
Comas John J and Haley Victoria R
Bought by
Brockett Jeffrey E and Brockett Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$836,500
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 3, 2004
Sold by
Bell Adele
Bought by
Comas John J and Haley Victoria R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
5.12%
Mortgage Type
Unknown
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
Hamill Family Trust -- Gallagher Lauren
Hamill Robert A $1,517,000 First American Title Company
Brockett Jeffrey E $1,195,000 Western Resources Title Co
Comas John J $775,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brockett Jeffrey E $836,500
Previous Owner Comas John J $620,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2021 12/16/21 Sold $1,516,625 -0.5% $792 / Sq Ft
11/06/2021 11/06/21 Pending -- -- --
11/01/2021 11/01/21 Price Changed $1,525,000 -2.9% $797 / Sq Ft
10/22/2021 10/22/21 Price Changed $1,570,000 -1.8% $820 / Sq Ft
09/09/2021 09/09/21 For Sale $1,599,000 -- $835 / 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 $19,414 $1,609,453 $1,379,570 $229,883
2024 $19,414 $1,577,896 $1,352,520 $225,376
2023 $18,987 $1,546,957 $1,326,000 $220,957
2022 $18,482 $1,516,625 $1,300,000 $216,625
2021 $15,513 $1,256,157 $1,051,178 $204,979
2020 $15,325 $1,243,278 $1,040,400 $202,878
2019 $15,051 $1,218,900 $1,020,000 $198,900
2018 $14,071 $1,195,000 $1,000,000 $195,000
2017 $11,203 $961,999 $796,290 $165,709
2016 $11,024 $943,137 $780,677 $162,460
2015 $10,860 $928,971 $768,951 $160,020
2014 $10,687 $910,775 $753,889 $156,886
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2110498

California Regional Multiple Listing Service (CRMLS)

APN: 448-581-03