UNDER CONTRACT
$450K PRICE DROP
4909 Orchard Ave Unit 101 San Diego, CA 92107
Ocean Beach NeighborhoodEstimated payment $5,263/month
Total Views
88,880
2
Beds
2
Baths
948
Sq Ft
$686
Price per Sq Ft
Highlights
- Ocean Front
- RV Garage
- Gated Community
- Ocean Beach Elementary School Rated A
- Two Primary Bedrooms
- 0.25 Acre Lot
About This Home
Building is undergoing extensive repairs and upgrades. Just had a $75,000 assessment and expects as much as $168,000 more beginning February 1, 2025. Payable over 14 months. Cash buyers only unless buyer has special arrangement with lender. Unit has a reverse mortgage balance of approximately $1,000,000 and need a short sale to close. Note: $104,220+/- for unpaid assessments. Building has been "red flagged" by the City of San Diego. Paul Bell’s mother owns unit 304 so Paul has been appointed to manage our building renovation because he has extensive experience in running development projects. We spoke yesterday and I asked him to give me an update so all can plan. He said the garage wall construction was delayed due to trying to find the low cost and best approach but now it is on track to hopefully start in a month or two. At this point, it looks like parking restrictions will happen during the construction. I will keep you informed. As for the remaining and challenging improvements to be done include: replacing most of the stucco, repair the staircase, repair the walkways, repair the balconies/windows/doors and replace the electrical panel plus beautifying the front of the building etc. I believe and our contractor/permit advisor believe the best approach to get all the work done at the lowest and quickest cost is to close the building for 3-4 months which would be a hardship for all. We are required to get city and coastal permits so it would be best to submit the entire plan but not include our coastal bluff. The permits will take 7-12 months to get approvals before construction could start. As a result, the most conservative estimate is that the building would be closed January thru April 2025, possibly May. Remember, it’s all a best guess projection at this time.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $11,305
Year Built
- Built in 1964
Lot Details
- Ocean Front
- End Unit
- 1 Common Wall
HOA Fees
- $700 Monthly HOA Fees
Parking
- 1 Car Garage
- RV Garage
Home Design
- Common Roof
Interior Spaces
- 948 Sq Ft Home
- 3-Story Property
- Entryway
- Living Room
- Ocean Views
Kitchen
- Electric Cooktop
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- Double Master Bedroom
- 2 Full Bathrooms
Additional Features
- Balcony
- Radiant Heating System
Listing and Financial Details
- Assessor Parcel Number 448-151-03-05
Community Details
Overview
- Association fees include common area maintenance, hot water
- 15 Units
- Sunset Towers Association, Phone Number (619) 528-4200
- Sunset Towers Community
Amenities
- Laundry Facilities
Security
- Card or Code Access
- Gated Community
Map
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $11,305 | $918,000 | $816,000 | $102,000 |
| 2023 | $1,311 | $104,531 | $41,272 | $63,259 |
| 2022 | $1,277 | $102,482 | $40,463 | $62,019 |
| 2021 | $1,268 | $100,473 | $39,670 | $60,803 |
| 2020 | $1,253 | $99,444 | $39,264 | $60,180 |
| 2019 | $1,231 | $97,495 | $38,495 | $59,000 |
| 2018 | $1,153 | $95,585 | $37,741 | $57,844 |
| 2017 | $1,126 | $93,711 | $37,001 | $56,710 |
| 2016 | $1,107 | $91,875 | $36,276 | $55,599 |
| 2015 | $1,091 | $90,496 | $35,732 | $54,764 |
| 2014 | $1,075 | $88,725 | $35,033 | $53,692 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/07/2024 10/07/24 | Price Changed | $650,000 | -31.2% | $686 / Sq Ft |
| 09/06/2023 09/06/23 | For Sale | $945,000 | 0.0% | $997 / Sq Ft |
| 09/01/2023 09/01/23 | Pending | -- | -- | -- |
| 08/21/2023 08/21/23 | Price Changed | $945,000 | -10.0% | $997 / Sq Ft |
| 07/27/2023 07/27/23 | For Sale | $1,050,000 | 0.0% | $1,108 / Sq Ft |
| 07/19/2023 07/19/23 | Pending | -- | -- | -- |
| 07/11/2023 07/11/23 | Price Changed | $1,050,000 | -4.5% | $1,108 / Sq Ft |
| 06/16/2023 06/16/23 | For Sale | $1,100,000 | -- | $1,160 / Sq Ft |
Source: San Diego MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $757,900 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Closed | $200,000 | Credit Line Revolving |
Source: Public Records
Similar Homes in San Diego, CA
Source: San Diego MLS
MLS Number: 230011560
APN: 448-151-03-05
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