NOT LISTED FOR SALE
7 Beds
4 Baths
2,650 Sq Ft
1980 Built

Last Sold October 28, 2020

Last sale price $1,288,000 $486 Per Sq Ft

43 Days on Market

About This Home

As of October 2020

3 units in 2 separate buildings. This beautiful property has a diverse unit mix of (1) 3BD/2BA and (2) 2BD/1BA. Three of the units have been renovated. Plenty of upside in the rents. Great investment opportunity for owner-occupier and property qualifies for high leverage 30yr fixed mortgage! On title it shows 3 legal units. Showings can be scheduled with accepted offer.

Last Agent to Sell the Property

Benjamin Price

McKee Properties License #02113264 Listed on: 08/19/2020

Co-Listed By

Thomas McCartin

Marcus & Millichap License #01427348

Last Buyer's Agent

Benjamin Price

McKee Properties License #02113264 Listed on: 08/19/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Home Design

  • Stucco Exterior

Additional Features

  • 2-Story Property
  • Property is Fully Fenced
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • Assessor Parcel Number 626-114-18-00

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Net Operating Income $46,908

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: Cypress Avenue
  • Neighborhood: Dolphin Bay
  • LP / Sq Ft: 16.39
  • Stories: 2 Story
  • Sale Price List Price: 0.99
  • Total Stories: 2
  • Year Built: 1980
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full

Utilities

  • Cooling: Heat Pump(s)

Condo/Co-op/Association

  • Community: IMPERIAL BEACH

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Assessor Parcel Number: 626-114-18-00

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 46908
  • Gross Rent Multiplier Actual: 16.73
  • Gross Rent Multiplier Projected: 12.3
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 3
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Dryers: 3
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3
  • Other Income Actual: 1200
  • Other Income Projected: 6000.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2020 10/28/20 Sold $1,288,000 -0.9% $486 / Sq Ft
10/02/2020 10/02/20 Pending -- -- --
09/10/2020 09/10/20 Price Changed $1,300,000 +6.1% $491 / Sq Ft
08/19/2020 08/19/20 For Sale $1,225,000 -- $462 / Sq Ft
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
2025 $17,469 $1,394,169 $930,890 $463,279
2024 $17,469 $1,366,834 $912,638 $454,196
2023 $17,422 $1,340,035 $894,744 $445,291
2022 $17,286 $1,288,000 $860,000 $428,000
2021 $17,281 $1,288,000 $860,000 $428,000
2020 $10,166 $711,763 $343,746 $368,017
2019 $10,062 $697,807 $337,006 $360,801
2018 $9,878 $684,126 $330,399 $353,727
2017 $9,745 $670,713 $323,921 $346,792
2016 $9,148 $657,563 $317,570 $339,993
2015 $8,942 $647,686 $312,800 $334,886
2014 $4,791 $274,799 $132,714 $142,085
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 200040032

San Diego MLS
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