NOT LISTED FOR SALE

5024 W Point Loma Blvd San Diego, CA 92107

Ocean Beach Neighborhood

Estimated Value: $1,070,000 - $1,684,000

2 Beds
3 Baths
-- Sq Ft
2,692 Sq Ft Lot

Last Sold November 20, 2020

Last sale price $965,000

Est. 46% increase in value since last sale

Current estimated payment $8,574/month

3 Days on Market

Highlights

  • Home fronts a lagoon or estuary
  • Gated Community
  • Gated Home
  • Ocean Beach Elementary School Rated A
  • Open Space
  • Level Lot

About This Home

As of November 2020

Easy beach living in this highly desirable neighborhood of OB. Walk to the beach, restaurants, and shops. This triplex is just steps to the bike and walking path along the estuary leading to OB's famous dog beach. Enjoy all this lively community has to offer. The property features two one bedroom units and a studio. All with SOLID tenants and rents. Two of the three units were updated top to bottom. Back one bedroom unit has a backyard area with views of Mission Bay, Rob Field, bike path and the Estuary. Perfect for that owner occupant looking for classic beach living. Topped off with a couple of rehabbed income units. Or that savvy investor who knows the long term value of OB property.

Last Agent to Sell the Property

Lyle Anderson

Realty ONE Group License #00847959 Listed on: 10/15/2020

Realty ONE Group

Co-Listed By

Lyle & Lynnor Anderson

Realty ONE Group License #01405997

Last Buyer's Agent

Brandon Long

Regional Realty & Investments Inc. License #01382111

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,618

Year Built

  • Built in 1954

Lot Details

  • 2,692 Sq Ft Lot
  • Home fronts a lagoon or estuary
  • Open Space
  • Gated Home
  • Property is Fully Fenced
  • Level Lot

Home Design

  • Rolled or Hot Mop Roof

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Additional Features

  • 1-Story Property
  • West of 5 Freeway

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 448-142-04-00

Community Details

Overview

  • 3 Units
  • Ocean Bay Beach Community

Pet Policy

  • Pets Allowed

Additional Features

  • Net Operating Income $48,552
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,618

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Bacon St
  • Neighborhood: Ocean Beach
  • Supplement: Perfect for that owner occupant looking for classic beach living. Topped off with a couple of rehabbed income units. Or that savvy investor who knows the long term value of OB property.
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 1954
  • 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
  • Frontage: Lagoon/Estuary, Open Space
  • Roof: Rolled/Hot Mop

Utilities

  • Cooling: Wall/Window
  • Security: Gated Community
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: Ocean Bay Beach
  • Pets Allowed: Yes
  • Community: OCEAN BEACH

Lot Info

  • Lot Size: 1-3,999 SF
  • Site: Public Street, Sidewalks, Street Paved, West of I-5
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: COMMERCIAL
  • Assessor Parcel Number: 448-142-04-00
  • Estimated Lot Sq Ft: 2692
  • Water District URL: http://www.ci.san-diego.ca.us/water
  • Estimated Number of Acres: 0.06
  • Map Code Column: J
  • Map Code Page: 1267
  • Map Code Row: 5

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 48552
  • Annual Expense Actual: 7848
  • Gross Rent Multiplier Actual: 17.18
  • Gross Rent Multiplier Projected: 16.48
  • Gross Sched Income Actual: 56400
  • Gross Sched Income Projected: 60048
  • Number Of Buildings: 1
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2020
Closed on
Nov 9, 2020
Sold by
Witte Jack R and Welker Gregory W
Bought by
Lei Andy
Seller's Agent
Lyle Anderson
Realty ONE Group
Buyer's Agent
Brandon Long
Regional Realty & Investments Inc.
List Price
$969,000
Sold Price
$965,000
Premium/Discount to List
-$4,000
-0.41%
Current Estimated Value
$1,413,199

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$448,199
Avg. Annual Appreciation
8.11%
Original Mortgage
$530,000
Outstanding Balance
$471,625
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$941,574

Purchase Details

Closed on
Dec 13, 2017
Sold by
Welker Gregory W
Bought by
Welker Gregory W and Gregory W Welker Family Trust

Purchase Details

Closed on
Jul 27, 1999
Sold by
Witte Jackson R
Bought by
Witte Jack R

Purchase Details

Closed on
Apr 7, 1999
Sold by
Witte Jack R Trust 09-17-91 and Welker Gregory W
Bought by
Witte Jackson R

Purchase Details

Closed on
Sep 25, 1991

Purchase Details

Closed on
Jan 19, 1990
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
Lei Andy $965,000 Chicago Title Company
Welker Gregory W -- None Available
Witte Jack R -- --
Witte Jackson R -- --
-- $183,000 --
-- $220,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lei Andy $530,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2020 11/20/20 Sold $965,000 -0.4% --
10/19/2020 10/19/20 Pending -- -- --
10/15/2020 10/15/20 For Sale $969,000 -- --
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 $12,618 $1,044,545 $865,945 $178,600
2024 $12,618 $1,024,065 $848,966 $175,099
2023 $12,339 $1,003,986 $832,320 $171,666
2022 $12,010 $984,300 $816,000 $168,300
2021 $11,928 $965,000 $800,000 $165,000
2020 $3,676 $295,872 $202,104 $93,768
2019 $3,611 $290,072 $198,142 $91,930
2018 $3,378 $284,385 $194,257 $90,128
2017 $80 $278,810 $190,449 $88,361
2016 $3,242 $273,344 $186,715 $86,629
2015 $3,195 $269,239 $183,911 $85,328
2014 $3,146 $263,966 $180,309 $83,657
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2020

    Lyle Anderson

    Realty ONE Group

    Section Image

  • L

    Seller Co-Listing Agent in 2020

    Lyle & Lynnor Anderson

    Realty ONE Group

    Section Image
  • Brandon Long

    Buyer's Agent in 2020

    Brandon Long

    Regional Realty & Investments Inc.

    (619) 990-3179

    1 in this area

    38 Total Sales

    Brandon Long
    Section Image
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Map

Source: San Diego MLS

MLS Number: 200048631

San Diego MLS

APN: 448-142-04

California San Diego County San Diego 92107 Ocean Beach

5024 W Point Loma Blvd, San Diego, CA

This home is located at 5024 W Point Loma Blvd, San Diego, CA 92107 since 15 October 2020 and is currently estimated at $1,413,199. This property was built in 1954. 5024 W Point Loma Blvd is a home located in San Diego County with nearby schools including Ocean Beach Elementary School, Richard Henry Dana Middle School, and Correia Middle School.

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