NOT LISTED FOR SALE

Estimated Value: $2,988,651

4 Beds
2 Baths
2,433 Sq Ft
$1,228/Sq Ft Est. Value

Sale Details

Date Sold: January 22, 2025

Last sale price $2,855,000 $1,173 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $17,248 / mo

13 Days on Market

Highlights

  • Partially Fenced Property
  • Wood Siding
  • 4-minute walk to Spreckels Park
  • Coronado Village Elementary Rated A
  • 1-Story Property

About This Home

As of January 2025

We are excited to present 511-15 Palm Avenue, a sweetheart Duplex consisting of (2) large 1,200SF+ 2Bedroom 1 Bath separate homes. The subject property is in phenomenal condition including fully renovated interiors/bathrooms/kitchens including a charming Spanish cottage feel throughout. Additionally, this property is located one block away from the prestigious Coronado Middle/High School— does it get any better than that? Constructed in 1930 & designated as a Historic Resource in 2018, 515 Palm Ave. benefits from significantly reduced property taxes under the Mills Act making this property that much more attractive for investors & owner users alike.

Last Agent to Sell the Property

Aaron Marcusmillichap

Colliers International SD, Inc License #01318320 Listed on: 12/17/2024

Last Buyer's Agent

Kristyna Lukacova

Keller Williams La Jolla License #02117121

Keller Williams La Jolla

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 3,946 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Clay Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property

Listing and Financial Details

  • Tenant pays for sewer, trash, water, electricity, gas/propane
  • Assessor Parcel Number 536-371-15-00

Community Details

Overview

  • 2 Units
  • Coronado Community

Building Details

  • Net Operating Income $92,793

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

3,946 Sq Ft Lot

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: 5th Street & Palm Ave
  • Neighborhood: Coronado
  • LP / Sq Ft: 24.84
  • Stories: 1 Story
  • Sale Price List Price: 1.06
  • Total Stories: 1
  • Year Built: 1930
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Partial
  • Roof: Tile/Clay

Condo/Co-op/Association

  • Complex Name: Coronado
  • Community: CORONADO VILLAGE

Lot Info

  • Lot Size: 1-3,999 SF
  • Assessor Parcel Number: 536-371-15-00
  • Estimated Lot Sq Ft: 3946

Rental Info

  • Tenant Pays: Sewer, Trash, Water, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 92793
  • Gross Rent Multiplier Actual: 22.8
  • Gross Rent Multiplier Projected: 20.05
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Fireplaces: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 17, 2024
Closed on
Jan 7, 2025
Sold by
Bought by
Seller's Agent
Aaron Marcusmillichap
Colliers International SD, Inc
Buyer's Agent
Kristyna Lukacova
Keller Williams La Jolla
List Price
$2,695,000
Sold Price
$2,855,000
Premium/Discount to List
$160,000
5.94%
Views
67
Current Estimated Value
$2,988,651

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,651
Avg. Annual Appreciation
3.04%
Original Mortgage
$1,827,200
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2022
Sold by
Bought by

Purchase Details

Closed on
Feb 28, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2006
Sold by
Bought by

Purchase Details

Closed on
Jan 5, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,155,000
Interest Rate
1.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 30, 2002
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Coronado, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,855,000 Lawyers Title Company
-- Ticor Title
-- Boston National Title Agency
-- Boston National Title Agency
-- None Available
$1,650,000 California Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,827,200
Closed $1,827,200
Previous Owner $800,000
Previous Owner $1,155,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/22/2025 01/22/25 Sold $2,855,000 +5.9% $1,173 / Sq Ft
12/31/2024 12/31/24 Pending -- -- --
12/17/2024 12/17/24 For Sale $2,695,000 -- $1,108 / Sq Ft
Source: San Diego MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $9,853 $1,237,093 $742,256 $494,837
2025 $9,853 $740,847 $444,508 $296,339
2024 $9,056 $740,847 $444,508 $296,339
2023 $10,271 $854,209 $512,525 $341,684
2022 $14,227 $1,230,101 $738,060 $492,041
2021 $13,858 $1,189,896 $713,937 $475,959
2020 $13,346 $1,163,467 $698,080 $465,387
2019 $22,161 $1,981,630 $1,321,087 $660,543
2018 $21,791 $1,942,776 $1,295,184 $647,592
2017 $20,262 $1,800,000 $1,198,000 $602,000
2016 $19,989 $1,800,000 $1,198,000 $602,000
2015 $18,878 $1,700,000 $1,132,000 $568,000
2014 $18,741 $1,700,000 $1,132,000 $568,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240028554

San Diego MLS

APN: 536-371-15

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