NOT LISTED FOR SALE

4631-33 Conrad Ave San Diego, CA 92117

North Clairemont Neighborhood

Estimated Value: $1,184,000 - $1,311,000

5 Beds
4 Baths
2,200 Sq Ft
$569/Sq Ft Est. Value

Last Sold May 01, 2024

Last sale price $1,425,000 $648 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $7,173/month

73 Days on Market

Highlights

  • Gated Home
  • Hawthorne Elementary School Rated A-
  • 1-Story Property

About This Home

As of May 2024

Investors, we are thrilled to present this fabulous triplex located in the heart of Clairemont. This extraordinary property features a 3BR, 2-BA front house spanning 1,200 sqft, a charming 1-BR, 1-BA ADU measuring 550 sqft, and a cozy 1-BR, 1-BA junior ADU encompassing 450 square feet. Each of these living spaces offers comfort and privacy for tenants, making it an ideal choice for both owner-occupants and savvy investors. Speaking of investors, this property holds immense appeal for those looking to expand their rental portfolio through SB-9 & AB-1033 projects or by converting additional space into another ADU. With limited availability of properties in the area, this is a rare opportunity to acquire a valuable asset in a highly desirable rental market. Each ground-up unit comes with its own individual parking space, complete with an alley access automatic gate and an EV-Tesla charging station. Inside, you'll find a spacious layout, newer appliances, abundant natural light, air conditioning, and the convenience of an in-unit washer/dryer. Step outside and discover an individual yard with lush synthetic grass and extra storage, providing the perfect outdoor space. And the location? It couldn't be more convenient! You'll be within walking distance of groceries, restaurants, theaters, and bus lines.

Last Agent to Sell the Property

Roberta Fernandes

Fathom Realty Group, Inc License #01476157 Listed on: 12/27/2023

Fathom Realty Group, Inc

Last Buyer's Agent

Mathi Panneerselvam

AARE License #02199640

AARE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,439

Year Built

  • Built in 1956

Lot Details

  • 7,100 Sq Ft Lot
  • Gated Home
  • Property is Fully Fenced

Parking

  • Automatic Gate

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for water, cable TV, electricity
  • Assessor Parcel Number 355-357-04-00

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Clairemont Park Community

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $114,720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,439

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro
  • Cross Street: Frink Ave
  • Neighborhood: Clairemont Villas
  • Stories: 1 Story
  • Sale Price List Price: 0.95
  • Total Stories: 1
  • Year Built: 1956
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Prkng Non Garage Spac U3: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Full, Gate
  • Roof: Composition

Utilities

  • Cooling: Central Forced Air, Wall/Window
  • Security: Automatic Gate

Condo/Co-op/Association

  • Complex Name: Clairemont Park
  • Pets Allowed: Yes
  • Community: CLAIREMONT
  • Manager Name: Private

Lot Info

  • Lot Size: .25 to .5 AC
  • Water District: CITY OF SAN DIEGO
  • Assessor Parcel Number: 355-357-04-00
  • Estimated Lot Sq Ft: 7100
  • Estimated Number of Acres: 0.16
  • Map Code Column: F
  • Map Code Page: 1248
  • Map Code Row: 1

Rental Info

  • Tenant Pays: Water, Cable TV, Electricity

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 114720
  • Annual Expense Actual: 2880
  • Annual Expense Projected: 2880
  • Gross Rent Multiplier Actual: 15.31
  • Gross Rent Multiplier Projected: 13.59
  • Gross Sched Income Actual: 104400
  • Gross Sched Income Projected: 117600
  • Number Of Buildings: 3
  • Number Of Units With Cooling: 3
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Dryers: 2
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 3
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 27, 2023
Closed on
Mar 19, 2024
Sold by
Goncalves Denise Lopes
Bought by
Deivasigamani Vinoth Kumar and Panneerselvam Mathivadhani
Seller's Agent
Roberta Fernandes
Fathom Realty Group, Inc
Buyer's Agent
Mathi Panneerselvam
AARE
List Price
$1,700,000
Sold Price
$1,425,000
Premium/Discount to List
-$275,000
-16.18%
Views
258
Current Estimated Value
$1,251,697

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$173,303
Avg. Annual Appreciation
-8.01%
Original Mortgage
$960,000
Outstanding Balance
$939,650
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$327,003

Purchase Details

Closed on
Sep 2, 2022
Sold by
Vernon Trask Thomas
Bought by
Goncalves Denise Lopes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$610,204
Interest Rate
5.54%
Mortgage Type
VA

Purchase Details

Closed on
Aug 22, 2022
Sold by
Lopes Goncalves Denise
Bought by
Trask Thomas Vernon and Goncalves Denise Lopes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$610,204
Interest Rate
5.54%
Mortgage Type
VA

Purchase Details

Closed on
Nov 15, 2021
Sold by
Trask Thomas Vernon and Goncalves Denise Lopes
Bought by
Goncalves Denise Lopes

Purchase Details

Closed on
Feb 6, 2015
Sold by
Trask Thomas Vernon and Goncaives Denise Lopes
Bought by
Trask Thomas Vernon and Goncalves Denise Lopes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,531
Interest Rate
3.8%
Mortgage Type
VA

Purchase Details

Closed on
Apr 9, 2012
Sold by
Goncalves Denise Lopez
Bought by
Trask Thomas Vernon and Goncalves Denise Lopez

Purchase Details

Closed on
Feb 19, 2008
Sold by
Trask Thomas Vernon
Bought by
Goncalves Denise L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,000
Interest Rate
5.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 11, 2008
Sold by
Wood Franklin L
Bought by
Goncalves Denise L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,000
Interest Rate
5.64%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Deivasigamani Vinoth Kumar $1,425,000 First American Title
Goncalves Denise Lopes -- --
Trask Thomas Vernon -- First American Title
Goncalves Denise Lopes -- None Available
Trask Thomas Vernon -- Lawyers Title Company
Trask Thomas Vernon -- None Available
Goncalves Denise L -- Chicago Title Company
Goncalves Denise L $340,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deivasigamani Vinoth Kumar $960,000
Previous Owner Trask Thomas Vernon $610,204
Previous Owner Trask Thomas Vernon $348,531
Previous Owner Goncalves Denise L $289,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2024 05/01/24 Sold $1,425,000 -5.0% $648 / Sq Ft
03/10/2024 03/10/24 Pending -- -- --
02/19/2024 02/19/24 Price Changed $1,500,000 -11.8% $682 / Sq Ft
12/27/2023 12/27/23 For Sale $1,700,000 -- $773 / 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 $6,439 $1,453,500 $1,224,000 $229,500
2024 $6,439 $528,469 $382,912 $145,557
2023 $6,295 $518,107 $375,404 $142,703
2022 $6,126 $507,949 $368,044 $139,905
2021 $6,083 $497,990 $360,828 $137,162
2020 $6,008 $492,885 $357,129 $135,756
2019 $5,900 $483,222 $350,127 $133,095
2018 $4,798 $412,748 $343,262 $69,486
2017 $81 $404,656 $336,532 $68,124
2016 $4,606 $396,723 $329,934 $66,789
2015 $4,537 $390,765 $324,979 $65,786
2014 $4,465 $383,112 $318,614 $64,498
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2024

    Roberta Fernandes

    Fathom Realty Group, Inc

    Section Image

  • M

    Buyer's Agent in 2024

    Mathi Panneerselvam

    AARE

    (858) 342-9292

    2 in this area

    3 Total Sales

    Mathi Panneerselvam
    Section Image
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Map

Source: San Diego MLS

MLS Number: 230024369

San Diego MLS

APN: 355-357-04

California San Diego County San Diego 92117 North Clairemont

4631-33 Conrad Ave, San Diego, CA

This home is located at 4631-33 Conrad Ave, San Diego, CA 92117 since 27 December 2023 and is currently estimated at $1,251,697, approximately $568 per square foot. This property was built in 1956. 4631-33 Conrad Ave is a home located in San Diego County with nearby schools including Hawthorne Elementary School, Innovation Middle School, and Madison High School.

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