$967,000
SOLD MAY 30, 2018

5079 W Point Loma Blvd Unit 81 San Diego, CA 92107

Ocean Beach Neighborhood
4 Beds
2 Baths
1,330 Sq Ft
2,052 Sq Ft Lot

Recently Sold

$727 Per Sq Ft

2% Above List Price

19 Days on Market

Highlights

  • Laundry Facilities
  • Partially Fenced Property
  • 1-Story Property
  • Ocean Beach Elementary School Rated A
  • Level Lot

About This Home

As of May 2018

Rare opportunity to own this steps to the beach turn-key vacation rental. This recently upgraded income producing duplex is fully equipped and ready to rent. Both units are 2 Bed/1 Bath with private patios. The owner spared no expenses, the upgrades include tile flooring, quartz countertops, Bosch appliances, interlock European cabinets, Currently, the owner lives in one unit and rents the other as an Airbnb. Onsite laundry produces income. Could be sold fully equipped & furnished with the right offer. Two parking spaces, separate gas meters. 5079 Kitchen features all Bosch appliances purchased and installed in 2016. Fridge-freezer comes with an ice maker, variable cool zone fridge and Super Freeze, freezer. The Gas Range, model HGI18054UC, is a five burner gas stove with multi-function Oven. The oven is both conventional and convection. The oven also has a warming drawer. The Dish Washer, model SPV68U53UC has three level cleaning racks. Lower Rack for plates and pans, Upper Rack for cups and small dishes, and Cutlery Drawer. The washer has six wash cycles from light loads to sanitize. The Quartz Kitchen Countertop was installed Florentine Company. The Kitchen Cabinets are frameless cabinets to maximize space and feature self closing hinges. Live for free in one side and rent the other.

Last Agent to Sell the Property

Linda Pasas

Pasas Properties License #01148603 Listed on: 04/02/2018

Last Buyer's Agent

Matt Gover

Coldwell Banker West License #01786955

Coldwell Banker West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,283

Year Built

  • Built in 1955

Lot Details

  • 2,052 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Parking

  • Alley Access

Home Design

  • Rolled or Hot Mop Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Community Details

  • 2 Units
  • Laundry Facilities
  • Net Operating Income $34,229

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 448-131-06-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,283

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Abbott
  • Neighborhood: OCEAN BEACH
  • Supplement: Two parking spaces, separate gas meters. 5079 Kitchen features all Bosch appliances purchased and installed in 2016. Fridge-freezer comes with an ice maker, variable cool zone fridge and Super Freeze, freezer. The Gas Range, model HGI18054UC, is a five burner gas stove with multi-function Oven. The oven is both conventional and convection. The oven also has a warming drawer. The Dish Washer, model SPV68U53UC has three level cleaning racks. Lower Rack for plates and pans, Upper Rack for cups and small dishes, and Cutlery Drawer. The washer has six wash cycles from light loads to sanitize. The Quartz Kitchen Countertop was installed Florentine Company. The Kitchen Cabinets are frameless cabinets to maximize space and feature self closing hinges. Live for free in one side and rent the other.
  • LP / Sq Ft: 10.2
  • Stories: 1 Story
  • Sale Price List Price: 1.02
  • Total Stories: 1
  • Year Built: 1955
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Rolled/Hot Mop

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial)
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: OCEAN BEACH
  • Complex Features: Laundry Facilities
  • Manager Name: Owner

Lot Info

  • Lot Size: 1-3,999 SF
  • Site: Alley Access, Curbs
  • Topography: Level
  • Assessor Parcel Number: 448-131-06-00
  • Estimated Lot Sq Ft: 2052

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 34229
  • Annual Expense Actual: 7480
  • Gross Rent Multiplier Actual: 22.0
  • Gross Rent Multiplier Projected: 8.78
  • Gross Sched Income Actual: 41709
  • Gross Sched Income Projected: 108000
  • Number Of Buildings: 1
  • Number Of Furnished Units: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 1
  • 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: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 26, 2023
Sold by
Obrien Miles Murrough
Bought by
5079-5081 West Point Loma Llc
Current Estimated Value
$1,646,296

Purchase Details

Listed on
Apr 2, 2018
Closed on
May 17, 2018
Sold by
Samulewicz Marc T
Bought by
Brien Iv Miles Murrough O
Seller's Agent
Linda Pasas
Pasas Properties
Buyer's Agent
Matt Gover
Coldwell Banker West
List Price
$949,000
Sold Price
$967,000
Premium/Discount to List
$18,000
1.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.58%
Original Mortgage
$707,370
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 18, 2016
Closed on
Mar 1, 2016
Sold by
Moffat Ewan Campbell
Bought by
Samulewicz Marc T
Seller's Agent
Liz Martin
Sunset Pacific Realty
Buyer's Agent
Gina Barnes
Compass
List Price
$735,000
Sold Price
$715,000
Premium/Discount to List
-$20,000
-2.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.23%
Original Mortgage
$533,850
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 16, 2014
Sold by
Campbell Ewan Moffat and Moffat Vanusa
Bought by
Moffat Ewan Campbell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 1999
Sold by
Cunningham Family Trust 01-22-91 and John
Bought by
Moffat Ewan Campbell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
7.01%

Purchase Details

Closed on
Mar 31, 1989
Source: Public Records

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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
Grant Deed -- None Listed On Document
Grant Deed $967,000 Ticor Title Company
Grant Deed $715,000 Fidelity National Title
Interfamily Deed Transfer -- None Available
Grant Deed $220,000 Southland Title
Deed $198,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $707,370 New Conventional
Previous Owner $533,850 New Conventional
Previous Owner $340,000 New Conventional
Previous Owner $100,000 Credit Line Revolving
Previous Owner $159,995 Unknown
Previous Owner $145,450 Unknown
Previous Owner $94,000 Credit Line Revolving
Previous Owner $154,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2018 05/30/18 Sold $967,000 +1.9% $727 / Sq Ft
04/22/2018 04/22/18 Pending -- -- --
04/17/2018 04/17/18 For Sale $949,000 0.0% $714 / Sq Ft
04/10/2018 04/10/18 Pending -- -- --
04/02/2018 04/02/18 For Sale $949,000 +32.7% $714 / Sq Ft
04/14/2016 04/14/16 Sold $715,000 -2.7% $538 / Sq Ft
02/29/2016 02/29/16 Pending -- -- --
02/18/2016 02/18/16 For Sale $735,000 -- $553 / 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 $13,283 $1,100,275 $978,530 $121,745
2024 $13,283 $1,078,702 $959,344 $119,358
2023 $12,990 $1,057,552 $940,534 $117,018
2022 $12,645 $1,036,817 $922,093 $114,724
2021 $12,558 $1,016,488 $904,013 $112,475
2020 $12,406 $1,006,066 $894,744 $111,322
2019 $12,185 $986,340 $877,200 $109,140
2018 $8,688 $743,884 $574,830 $169,054
2017 $8,480 $729,299 $563,559 $165,740
2016 $3,451 $291,335 $225,126 $66,209
2015 $3,400 $286,960 $221,745 $65,215
2014 $3,348 $281,340 $217,402 $63,938
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 180016691

San Diego MLS

APN: 448-131-06