NOT LISTED FOR SALE

5034 Santa Monica Ave San Diego, CA 92107

Ocean Beach Neighborhood

Estimated Value: $1,266,000 - $1,608,000

2 Beds
2 Baths
1,022 Sq Ft
$1,395/Sq Ft Est. Value

Last Sold September 21, 2020

Last sale price $1,069,500 $1,046 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $8,589/month

74 Days on Market

Highlights

  • Ocean View
  • Cross Fenced
  • 1-Story Property
  • Ocean Beach Elementary School Rated A
  • Wood Siding

About This Home

As of September 2020

Opportunity to increase income converting the property to fill time vacation rental on both units. Vacation rental unit may be sold furnished. *Disclaimer: This is a mixed income property. The back Unit has a lease until September 2020. Front Unit calculated at $3500 monthly income after 20% management fees deducted. Third additional unit may be possible. Washer and Dryer and private patios for each unit.

Last Agent to Sell the Property

AJ George

AJGCRE License #01353648 Listed on: 05/13/2020

Last Buyer's Agent

AJ George

AJGCRE License #01353648 Listed on: 05/13/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,541

Year Built

  • Built in 1953

Lot Details

  • 0.98

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Ocean Views

Additional Features

  • Cross Fenced
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Assessor Parcel Number 448-091-27-00

Community Details

Overview

  • 2 Units
  • Duplex Community

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $44,209

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,541

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Bacon Street
  • Neighborhood: Ocean Beach
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 1953
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood
  • Fencing: Cross Fencing
  • Roof: Composition
  • View: Ocean

Utilities

  • Cooling: Wall/Window

Condo/Co-op/Association

  • Complex Name: Duplex
  • Pets Allowed: Yes
  • Community: OCEAN BEACH

Lot Info

  • Lot Size: 1-3,999 SF
  • Assessor Parcel Number: 448-091-27-00

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 44209
  • Annual Expense Actual: 21192
  • Gross Rent Multiplier Actual: 16.8
  • Gross Sched Income Actual: 65400
  • Number Of Buildings: 1
  • Number Of Furnished Units: 1
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 20, 2021
Sold by
Okeefe Joseph S and Okeefe Aura A
Bought by
Okeefe Ryan
Current Estimated Value
$1,425,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$845,600
Interest Rate
2.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 13, 2020
Closed on
Aug 3, 2020
Sold by
Bright Carole A
Bought by
Okeefe Joseph S and Okeefe Aura A
Seller's Agent
AJ George
AJGCRE
Buyer's Agent
AJ George
AJGCRE
List Price
$1,099,000
Sold Price
$1,069,500
Premium/Discount to List
-$29,500
-2.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.79%
Original Mortgage
$802,125
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2012
Sold by
Livingstone Carole A
Bought by
Livingstone Carole A

Purchase Details

Closed on
Sep 6, 2011
Sold by
Livingston Carole A
Bought by
Livingston Carole A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,500
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2007
Sold by
Livingston Carole Ann
Bought by
Livingston Carole A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$353,000
Interest Rate
5.96%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Dec 5, 2001
Sold by
Livingston Carole Ann
Bought by
Livingston Carole A

Purchase Details

Closed on
Dec 30, 1997
Sold by
Steiner John R
Bought by
Livingston Carole Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 16, 1997
Sold by
Bauer Carl D Trust 04-04-88
Bought by
Steiner John R
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
Okeefe Ryan $1,057,000 Fidelity Natl Ttl San Diego
Okeefe Joseph S $1,069,500 Fidelity Natl Ttl San Diego
Livingstone Carole A -- First American Title
Livingston Carole A -- First American Title San Die
Livingston Carole A -- Chicago Title Company
Livingston Carole A -- Chicago Title Company
Livingston Carole A -- Accommodation
Livingston Carole Ann -- Fidelity National Title Co
Livingston Carole A -- --
Livingston Carole Ann $175,000 First American Title
Steiner John R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Okeefe Ryan $845,600
Previous Owner Okeefe Joseph S $802,125
Previous Owner Livingston Carole A $340,500
Previous Owner Livingston Carole Ann $353,000
Previous Owner Livingston Carole Ann $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/21/2020 09/21/20 Sold $1,069,500 -0.4% $1,046 / Sq Ft
07/27/2020 07/27/20 Pending -- -- --
07/17/2020 07/17/20 Price Changed $1,074,000 -2.3% $1,051 / Sq Ft
06/16/2020 06/16/20 For Sale $1,099,000 0.0% $1,075 / Sq Ft
06/12/2020 06/12/20 Pending -- -- --
05/13/2020 05/13/20 For Sale $1,099,000 -- $1,075 / Sq Ft
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 $13,541 $1,121,695 $955,087 $166,608
2024 $13,541 $1,099,702 $936,360 $163,342
2023 $13,242 $1,078,140 $918,000 $160,140
2022 $12,890 $1,057,000 $900,000 $157,000
2021 $13,212 $1,069,500 $900,000 $169,500
2020 $4,442 $255,480 $150,283 $105,197
2019 $4,300 $250,472 $147,337 $103,135
2018 $4,102 $245,562 $144,449 $101,113
2017 $4,033 $240,748 $141,617 $99,131
2016 $2,719 $236,029 $138,841 $97,188
2015 $2,678 $232,485 $136,756 $95,729
2014 $2,636 $227,932 $134,078 $93,854
Source: Public Records

Agents Affiliated with this Home

  • AJ George

    Seller's Agent in 2020

    AJ George

    AJGCRE

    (858) 598-3589

    1 in this area

    34 Total Sales

    AJ George
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Map

Source: San Diego MLS

MLS Number: 200021573

San Diego MLS

APN: 448-091-27

California San Diego County San Diego 92107 Ocean Beach

5034 Santa Monica Ave, San Diego, CA

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