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

Sale Details

Date 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

Tom 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

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

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

Closed on
Mar 24, 2022
Sold by
Bought by

Purchase Details

Listed on
Aug 19, 2020
Closed on
Oct 12, 2020
Sold by
Bought by
Seller's Agent
Benjamin Price
McKee Properties
Buyer's Agent
Benjamin Price
McKee Properties
List Price
$1,225,000
Sold Price
$1,288,000
Premium/Discount to List
$63,000
5.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,317,624
Interest Rate
0.028%
Mortgage Type
VA

Purchase Details

Closed on
May 23, 2014
Sold by
Bought by

Purchase Details

Closed on
Aug 10, 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
$500,000
Interest Rate
0.0676%
Mortgage Type
Commercial

Purchase Details

Closed on
May 4, 1988

Purchase Details

Closed on
Jun 28, 1984
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

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
-- None Listed On Document
-- Fidelity National Title
$1,288,000 Fidelity National Title
$570,000 Chicago Title Company
$635,000 Chicago Title Company
-- First American Title Co
$176,000 --
$65,000 --
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
Previous Owner $1,317,624
Previous Owner $2,000,000
Previous Owner $500,000
Previous Owner $102,000
Previous Owner $60,000
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
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

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
2025 $18,770 $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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