NOT LISTED FOR SALE

4723 68th St La Mesa, CA 91942

Estimated Value: $1,139,000 - $1,514,000

6 Beds
5 Baths
3,300 Sq Ft
$404/Sq Ft Est. Value

Last Sold February 02, 2021

Last sale price $950,000 $288 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $8,056/month

64 Days on Market

About This Home

As of February 2021

Do NOT disturb tenants! Live in one, rent the other. OR Have a family compound or excellent income potential. Two single family homes on a large lot. Each home is appx. 1,650 estimated square feet, 3 bedroom, 2.5 baths, two car attached garage in each, fenced yard for both. Both have newer roofs and recently painted exterior. Dual-paned windows. Units separately metered for utilities. Washer/dryer hook ups. Each house has a dishwasher owned by seller. Seller owns one stove as well. Unit A has 7 yr old furnace. B's is new as of October 2020. Water bill is combined and paid by seller. Operating expenses details will come from seller at accepted offer.

Last Agent to Sell the Property

Marty Price

Coldwell Banker Realty License #01312192 Listed on: 09/30/2020

Coldwell Banker Realty

Co-Listed By

Maureen Moran

Maureen Moran Real Estate License #01413090

Last Buyer's Agent

Kristopher Armstrong

Kristopher Armstrong, Broker License #01924475

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1993

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 58x166
  • No Common Walls
  • Back Yard

Parking

  • 6 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 3,300 Sq Ft Home
  • 2-Story Property

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 147
  • Assessor Parcel Number 4683903000

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $2,400
  • Trash Expense $30
  • Water Sewer Expense $100
  • New Taxes Expense $18,000
  • Operating Expense $500
  • Gross Income $60,000
  • Net Operating Income $500

Property Details

Home Type

Multi-Family

Year Built

Built in 1993

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.00
  • Property Attached: No
  • Water Sewer Expenses: 100.00
  • Zoning: Duplex 2 units any combi
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 4683903000
  • Year Built: 1993
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 287.88

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 30.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size: 58x166
  • Lot Size Sq Ft: 9583.20
  • Lot Size Acres: 0.2200

Multi Family

  • Average1 Bed Area: 132 Square Feet
  • Average2 Bed Area: 154 Square Feet
  • Average3 Bed Area: 240 Square Feet
  • Gross Income: 60000.00
  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 9583.2000 Square Feet
  • Net Operating Income: 500.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Range: 1
  • Operating Expense: 500.00
  • Rent Control: No
  • Total Actual Rent: 5000.00
  • Total Expenses: 500.00

Tax Info

  • New Taxes Expense: 18000.00
  • Tax Lot: 3
  • Tax Tract Number: 147

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2020
Closed on
Dec 18, 2020
Sold by
Meinert Gary H and The Meinert Family 1991 Trust
Bought by
Andrade Brandon Bangert and Andrade Ashley Alyse
Seller's Agent
Marty Price
Coldwell Banker Realty
Buyer's Agent
Kristopher Armstrong
Kristopher Armstrong, Broker
List Price
$1,200,000
Sold Price
$950,000
Premium/Discount to List
-$250,000
-20.83%
Current Estimated Value
$1,332,298

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$382,298
Avg. Annual Appreciation
7.12%
Original Mortgage
$750,500
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2017
Sold by
Meinert Gary H
Bought by
Meinert Gary H and Meinert Pauline C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$331,251
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2006
Sold by
Meinert Gary H
Bought by
Meinert Gary H and Meinert Pauline C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
5.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 20, 2005
Sold by
Tower Street Partnership
Bought by
Guarino John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
5.84%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 10, 2003
Sold by
Meinert Christina
Bought by
Meinert Gary H

Purchase Details

Closed on
Oct 9, 2003
Sold by
Meinert Gary H
Bought by
Meinert Gary H and Meinert Pauline C
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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Purchase History

Date Buyer Sale Price Title Company
Andrade Brandon Bangert $950,000 Equity Title San Diego
Meinert Gary H -- Premium Title Of California
Meinert Gary H -- Premium Title Of California
Meinert Gary H -- Alliance Title
Meinert Gary H -- Alliance Title
Meinert Gary H -- Alliance Title
Guarino John -- Commonwealth Title
Meinert Gary H -- Fidelity National Title
Meinert Gary H -- Fidelity National Title
Meinert Gary H -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Andrade Brandon Bangert $750,500
Previous Owner Meinert Gary H $331,251
Previous Owner Meinert Gary H $315,000
Previous Owner Guarino John $390,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/02/2021 02/02/21 Sold $950,000 -6.8% $288 / Sq Ft
11/23/2020 11/23/20 Price Changed $1,019,000 -11.3% $309 / Sq Ft
10/29/2020 10/29/20 Price Changed $1,149,000 -4.3% $348 / Sq Ft
09/30/2020 09/30/20 For Sale $1,200,000 -- $364 / 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 $13,159 $1,028,306 $228,452 $799,854
2024 $13,159 $1,008,144 $223,973 $784,171
2023 $12,863 $988,378 $219,582 $768,796
2022 $12,791 $968,999 $215,277 $753,722
2021 $5,829 $376,802 $83,712 $293,090
2020 $5,605 $372,939 $82,854 $290,085
2019 $5,400 $365,628 $81,230 $284,398
2018 $5,183 $358,460 $79,638 $278,822
2017 $5,008 $351,432 $78,077 $273,355
2016 $4,818 $344,543 $76,547 $267,996
2015 $4,820 $339,369 $75,398 $263,971
2014 $4,784 $332,723 $73,922 $258,801
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2000189

California Regional Multiple Listing Service (CRMLS)

APN: 468-390-30