NOT LISTED FOR SALE

476-78 Palm Dr Vista, CA 92084

Estimated Value: $853,000 - $923,000

4 Beds
2 Baths
1,396 Sq Ft
$627/Sq Ft Est. Value

Last Sold September 25, 2024

Last sale price $869,900 $623 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $4,848/month

82 Days on Market

Highlights

  • No HOA
  • Level Lot
  • 1-Story Property
  • Laundry Room
  • No Heating

About This Home

As of September 2024

Opportunity has arrived with this Fully Renovated Duplex in the heart of Vista close to the downtown area that has much to offer with shops, bars, restaurants, entertainment and transit while being 78 Hwy close. Whether you are a seasoned investor, looking to be a first time investor or want to live in one and rent the other unit this is a great stepping stone to your first investment or amp up your existing portfolio with this fully renovated duplex with views from the front yards. Many upgrades throughout this property starting with the separately fenced yards with drought tolerant landscaping, faux turf lawn, timed drip system to keep your little plants quenched, lighting giving each unit a dedicated space while maintaining an open and inviting feel to welcome you to each unit. Back unit has a surprise large private and special exclusive use backyard. Mirrored units with the same upgrades and finishes in each unit throughout with new wood plank flooring throughout, newly renovated kitchens with stainless steel appliances, plenty of cabinet and work space with a patio slider that leads to the side yard of the front unit and large expansive yard of the back unit. Fully renovated bathrooms with large walk-in shower enclosure with large glass door and sleek modern finishes. Hallway area has cabinet and linen space with a built-in area for a stackable washer and dryer. Both rooms have mirrored wardrobe doors giving each room an open space and feel. Great open layout and lighting with a mini-split unit in the living room equipped with air and heat function. New waste lines to the exterior, new electrical, new roof, new vinyl dual pane windows, new kitchens, new bathrooms. This property is turn key, clean, stylish and ready to make it yours.

Last Agent to Sell the Property

Eric Fredenburg

Peace Castle Properties License #01880547 Listed on: 06/01/2024

Last Buyer's Agent

Twana Rasoul

Compass License #02026495

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,151

Year Built

  • Built in 1964

Lot Details

  • 6,732 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,396 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 1472
  • Assessor Parcel Number 1751403400
  • $1,489 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,000
  • Trash Expense $600
  • Water Sewer Expense $2,148
  • New Taxes Expense $13,737
  • Operating Expense $19,485
  • Gross Income $32,340
  • Net Operating Income $50,481

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,151

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.59
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 2148.00
  • Zoning: R-2:MINOR MULTIPLE
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 1751403400
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 623.14

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 600.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 6732.00
  • Lot Size Acres: 0.1545

Multi Family

  • Gross Income: 32340.00
  • Gross Scheduled Income: 68220.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 6732.0000 Square Feet
  • Net Operating Income: 50481.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 17739.00
  • Rent Control: Yes
  • Total Actual Rent: 2695.00
  • Total Expenses: 19485.00

Tax Info

  • New Taxes Expense: 13737.00
  • Tax Lot: 12
  • Tax Tract Number: 001472
  • TaxOtherAnnualAssessmentAmount: 1489.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2024
Closed on
Sep 12, 2024
Sold by
Peter And Linda Family Trust and Najjar Peter S
Bought by
Ramirez Paola Garcia
Seller's Agent
Eric Fredenburg
Peace Castle Properties
Buyer's Agent
Twana Rasoul
Compass
List Price
$1,099,000
Sold Price
$869,900
Premium/Discount to List
-$229,100
-20.85%
Views
65
Current Estimated Value
$875,988

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,088
Avg. Annual Appreciation
0.64%
Original Mortgage
$652,425
Outstanding Balance
$645,119
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$230,869

Purchase Details

Closed on
Dec 21, 2011
Sold by
Vargas Guillermo and Vargas Rosa A
Bought by
Najjar Peter S and Najjar Linda C

Purchase Details

Closed on
May 15, 2005
Sold by
Vargas Guillermo and Vargas Rosa A
Bought by
Vargas Guillermo and Vargas Rosa A

Purchase Details

Closed on
Oct 12, 2004
Sold by
Orozco Eva Amador
Bought by
Vargas Guillermo and Vargas Rosa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,400
Interest Rate
5.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 10, 2002
Sold by
Jaimes Matias Martinez and Orozco Eva Amador
Bought by
Orozco Eva Amador

Purchase Details

Closed on
Nov 16, 1999
Sold by
Mmso Myron Gary R and Davis Steven G
Bought by
Jaimes Matias Martinez and Orozco Eva Amador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,457
Interest Rate
7.72%
Mortgage Type
FHA

Purchase Details

Closed on
May 8, 1997
Sold by
Gloady Richard C and Gloady Elizabeth L
Bought by
Myron Gary R and Davis Steven G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,000
Interest Rate
8.14%
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
Ramirez Paola Garcia $870,000 Chicago Title
Najjar Peter S $159,300 None Available
Vargas Guillermo -- --
Vargas Guillermo $433,000 First American Title
Orozco Eva Amador -- North American Title
Jaimes Matias Martinez $127,500 First American Title Co
Myron Gary R $60,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramirez Paola Garcia $652,425
Previous Owner Vargas Guillermo $346,400
Previous Owner Jaimes Matias Martinez $126,457
Previous Owner Myron Gary R $42,000
Closed Vargas Guillermo $43,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2024 09/25/24 Sold $869,900 0.0% $623 / Sq Ft
08/22/2024 08/22/24 Pending -- -- --
08/13/2024 08/13/24 Off Market $869,900 -- --
08/07/2024 08/07/24 Price Changed $869,900 -12.6% $623 / Sq Ft
06/20/2024 06/20/24 Price Changed $995,000 -9.5% $713 / Sq Ft
06/01/2024 06/01/24 For Sale $1,099,000 -- $787 / 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 $3,151 $869,900 $487,903 $381,997
2024 $3,151 $283,214 $158,847 $124,367
2023 $4,492 $277,662 $155,733 $121,929
2022 $4,484 $272,219 $152,680 $119,539
2021 $3,001 $266,883 $149,687 $117,196
2020 $4,351 $264,148 $148,153 $115,995
2019 $4,295 $258,970 $145,249 $113,721
2018 $4,152 $253,893 $142,401 $111,492
2017 $4,100 $248,915 $139,609 $109,306
2016 $4,009 $244,035 $136,872 $107,163
2015 $3,979 $240,371 $134,817 $105,554
2014 $3,890 $235,664 $132,177 $103,487
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2404768

California Regional Multiple Listing Service (CRMLS)

APN: 175-140-34