5024 W Point Loma Blvd San Diego, CA 92107
Ocean Beach Neighborhood
2
Beds
3
Baths
--
Sq Ft
2,692
Sq Ft Lot
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 2020Easy 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
Co-Listed By
Lyle & Lynnor Anderson
Realty ONE Group License #01405997
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
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%
Total Days on Market
3
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$519,359
Avg. Annual Appreciation
10.04%
Original Mortgage
$530,000
Outstanding Balance
$476,974
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,007,385
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,840
Interest Rate
6.86%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 25, 1991
Purchase Details
Closed on
Jan 19, 1990
Map
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $965,000 | Chicago Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Deed | $183,000 | -- | |
| Deed | $220,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $530,000 | New Conventional | |
| Previous Owner | $153,840 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/20/2021 07/20/21 | Rented | $1,750 | -2.8% | -- |
| 05/27/2021 05/27/21 | For Rent | $1,800 | 0.0% | -- |
| 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
| 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 | $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
Source: San Diego MLS
MLS Number: 200048631
APN: 448-142-04
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