$850,000
SOLD FEB 14, 2014

4860 Long Branch Ave Unit 66 San Diego, CA 92107

Ocean Beach Neighborhood
4 Beds
4 Baths
-- Sq Ft
5,001 Sq Ft Lot

Recently Sold

3% Below List Price

131 Days on Market

Highlights

  • Property is Fully Fenced
  • Wood Siding
  • 1-Story Property
  • Ocean Beach Elementary School Rated A

About This Home

As of January 2015

Just fell out of escrow. Recently appraised at full list price at $880K!!!Three blocks to beach! All units have charming wood vaulted ceilings and open floor plans. Rental upside for buyer by increasing and stablizing rents. Owner manages property and has low monthly expenses. Perfect 1st time investment for owner occupied buyer. Buyer to verify all information.

Last Agent to Sell the Property

Jim Taylor

Taylor Investment Properties License #00594876 Listed on: 08/12/2013

Last Buyer's Agent

Marc Cicchetto

TSG Premier Realty License #01140538

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,932

Year Built

  • Built in 1951

Lot Details

  • 5,001 Sq Ft Lot
  • Property is Fully Fenced

Home Design

  • Wood Siding

Additional Features

  • 1-Story Property
  • Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 448-322-06-00

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Net Operating Income $35,252

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,932

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Sunset Cliffs Blvd
  • Neighborhood: Ocean Beach
  • Stories: 1 Story
  • Sale Price List Price: 0.97
  • Total Stories: 1
  • Year Built: 1951
  • 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
  • Prkng Non Garage Spac U4: 1
  • Walk Score Desc: Very Walkable
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood
  • Fencing: Full

Utilities

  • Sewer/Septic: Sewer Connected
  • Water Heater Type: Electric

Condo/Co-op/Association

  • Community: OCEAN BEACH

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Zoning: R-4
  • Assessor Parcel Number: 448-322-06-00
  • Land Use Code: 4
  • Estimated Lot Sq Ft: 5001
  • Map Code Column: J
  • Map Code Page: 1267
  • Map Code Row: 6

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 35252
  • Annual Expense Actual: 14800
  • Gross Rent Multiplier Actual: 17.0
  • Gross Sched Income Actual: 51600
  • Number Of Buildings: 2
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4

Tax Info

  • Assessor Parcel Number: 4860LongBranch92107

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 16, 2019
Sold by
Ector Christopher Neal and Werth Aimee Magda
Bought by
Ector Drew Ian and Ector Christopher Neal
Current Estimated Value
$1,376,413

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Outstanding Balance
$356,239
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$1,020,174

Purchase Details

Listed on
Sep 4, 2014
Closed on
Dec 22, 2014
Sold by
Long Branch Ave Group Llc
Bought by
Ector Christopher Neal and Werth Aimee Magda
Seller's Agent
Louis Scotti
SDHOMES
Buyer's Agent
Christopher Ector
eXp Realty of California, Inc.
List Price
$599,000
Sold Price
$540,000
Premium/Discount to List
-$59,000
-9.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.18%
Original Mortgage
$432,000
Interest Rate
3.96%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Western Resources Title Co
Grant Deed $540,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $405,000 New Conventional
Closed $432,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2015 01/06/15 Sold $540,000 -9.8% --
12/02/2014 12/02/14 Pending -- -- --
09/04/2014 09/04/14 For Sale $599,000 -29.5% --
02/14/2014 02/14/14 Sold $850,000 -3.4% --
12/20/2013 12/20/13 Pending -- -- --
08/11/2013 08/11/13 For Sale $880,000 -- --
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 $8,932 $738,866 $639,894 $98,972
2024 $8,932 $724,380 $627,348 $97,032
2023 $8,734 $710,178 $615,048 $95,130
2022 $8,502 $696,254 $602,989 $93,265
2021 $8,444 $682,603 $591,166 $91,437
2020 $8,342 $675,605 $585,105 $90,500
2019 $7,201 $581,787 $492,815 $88,972
2018 $6,733 $570,380 $483,152 $87,228
2017 $6,573 $559,197 $473,679 $85,518
2016 $6,468 $548,234 $464,392 $83,842
2015 $4,816 $407,481 $345,164 $62,317
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 130042988

San Diego MLS

APN: 448-322-32