NOT LISTED FOR SALE

Estimated Value: $1,543,868

4 Beds
4 Baths
2,100 Sq Ft
$735/Sq Ft Est. Value

Sale Details

Date Sold: December 8, 2021

Last sale price $1,052,500 $501 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $9,954 / mo

66 Days on Market

Highlights

  • Partially Fenced Property
  • Wood Siding
  • 1-Story Property
  • Level Lot
  • Gravity Heating System

About This Home

As of December 2021

LOCATION, LOCATION, LOCATION! This 4-unit property is in the highly sought after 3rd Avenue Village District of Chula Vista. Walk to restaurants, the park and the Chula Vista Mall. Located in a "Transit Focus Area": New zoning allows construction of 20 to 30 units and some parking variances. Great development property that allows developer to receive income while going through permitting process. Rents have upside across the board. Property consists of (1) commercial unit, (1) 2 bed/1 bath unit, & (2) 1 bed/1 bath units on a 5,169 SF lot.

Last Agent to Sell the Property

Jeremiah Taylor

South Coast Commercial, Inc. License #02014891 Listed on: 08/12/2021

South Coast Commercial, Inc.

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 5,169 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property

Utilities

  • Gravity Heating System
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV
  • Assessor Parcel Number 568-450-30-00

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • 3Rd Ave Community

Pet Policy

  • No Pets Allowed

Building Details

  • Net Operating Income $42,062

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

5,169 Sq Ft Lot

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: Alvarado St, Roosevelt St
  • Neighborhood: Downtown Chula Vista
  • LP / Sq Ft: 20.71
  • Stories: 1 Story
  • Sale Price List Price: 0.96
  • Total Stories: 1
  • Year Built: 1957
  • 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: Wood
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: 3rd Ave
  • Pets Allowed: No Pets Allowed
  • Community: CHULA VISTA

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Public Street, Sidewalks, Street Paved
  • Topography: Level
  • Water District: SWEETWATER AUTHORITY
  • Zoning: UC-2(Comm)
  • Additional Property Use: Res/Business Use OK
  • Assessor Parcel Number: 568-450-30-00
  • Estimated Lot Sq Ft: 5169
  • Water District URL: http://www.sweetwater.org
  • Estimated Number of Acres: 0.12
  • Map Code Column: B
  • Map Code Page: 1310
  • Map Code Row: 7

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 42062
  • Gross Rent Multiplier Actual: 16.8
  • Gross Rent Multiplier Projected: 14.3
  • Number Of Buildings: 2
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 9, 2023
Sold by
Pyal Holdings Llc
Bought by
Current Estimated Value
$1,543,868

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$479,801
Interest Rate
6.48%
Mortgage Type
New Conventional
Estimated Equity
$1,064,067

Purchase Details

Listed on
Aug 12, 2021
Closed on
Nov 30, 2021
Sold by
Lpad Properties Llc
Bought by
Pyal Holdings Llc
Seller's Agent
Jeremiah Taylor
South Coast Commercial, Inc.
List Price
$1,150,000
Sold Price
$1,052,500
Premium/Discount to List
-$97,500
-8.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.46%
Original Mortgage
$736,750
Interest Rate
3.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 11, 2018
Sold by
Paidla Laura
Bought by
Lpad Properties Llc

Purchase Details

Closed on
Mar 16, 2018
Sold by
Padilla Laura and The Padilla Trust
Bought by
Lpad Properties Llc

Purchase Details

Closed on
Jan 2, 2015
Sold by
Incepcion Mia Llc
Bought by
Padilla Laura

Purchase Details

Closed on
Jan 7, 2014
Sold by
Jdl Enterprises Llc
Bought by
Incepcion Mia Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
4.46%
Mortgage Type
Commercial

Purchase Details

Closed on
May 11, 1998
Sold by
Learned Phyllis E
Bought by
Don Learned Trust

Purchase Details

Closed on
May 9, 1998
Sold by
High Devin
Bought by
Jdl Enterprises Llc

Purchase Details

Closed on
May 7, 1998
Sold by
Connolly Eugene F
Bought by
Connolly Christi
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Downtown Chula Vista, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,299,000 Ticor Title
Pyal Holdings Llc $1,052,500 Ticor Title Company
Lpad Properties Llc -- None Available
Lpad Properties Llc -- Accommodation
Padilla Laura $550,000 Chicago Title Company
Incepcion Mia Llc $460,000 Chicago Title Company
Don Learned Trust -- --
High Jan -- --
High Jason -- --
Connolly Christi -- --
High Devin -- --
Learned Scott -- --
Jdl Enterprises Llc -- --
Jdl Enterprises Llc -- --
Jdl Enterprises Llc -- --
Jdl Enterprises Llc -- --
Jdl Enterprises Llc -- --
Jdl Enterprises Llc -- --
Connolly Christi -- --
High Jan -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $500,000
Previous Owner Pyal Holdings Llc $736,750
Previous Owner Incepcion Mia Llc $25,000
Previous Owner Incepcion Mia Llc $325,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/08/2021 12/08/21 Sold $1,052,500 -4.3% $501 / Sq Ft
10/18/2021 10/18/21 Pending -- -- --
09/13/2021 09/13/21 Price Changed $1,100,000 -4.3% $524 / Sq Ft
08/12/2021 08/12/21 For Sale $1,150,000 -- $548 / Sq Ft
Source: San Diego MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $17,728 $1,395,154 $848,966 $546,188
2025 $17,014 $1,367,799 $832,320 $535,479
2024 $17,014 $1,324,980 $816,000 $508,980
2023 $14,069 $1,073,550 $494,700 $578,850
2022 $13,706 $1,052,500 $485,000 $567,500
2021 $8,531 $610,672 $388,609 $222,063
2020 $8,294 $604,412 $384,625 $219,787
2019 $8,114 $592,562 $377,084 $215,478
2018 $8,010 $580,944 $369,691 $211,253
2017 $7,832 $569,554 $362,443 $207,111
2016 $7,682 $558,387 $355,337 $203,050
2015 $6,585 $469,190 $305,994 $163,196
2014 $3,188 $173,225 $81,950 $91,275
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210022876

San Diego MLS

APN: 568-450-30

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