NOT LISTED FOR SALE

Estimated Value: $1,623,000 - $2,002,000

9 Beds
4 Baths
-- Sq Ft
6,621 Sq Ft Lot

Last Sold November 11, 2021

Last sale price $1,639,000

Est. 12% increase in value since last sale

Current estimated payment $11,420/month

35 Days on Market

About This Home

As of November 2021

Pleased to present for sale a student rental property just a short walk to the center of the San Diego State University campus. 5628-30 Dorothy is comprised of a 5bed/2bath house with a 4bed/2ba ADU in back. Offered at a current 5% Cap rate. These units are fully rented through the summer of 2022 to students bringing in $5,300 for the 5bed/2ba main house and $4,400 for the 4bed/2ba ADU in back. The front house has been updated but has room for rent growth if the kitchen and bathrooms are remodeled. The ADU construction was completed in 2020 with modern finishes throughout. Leases are secured by strong parental cosigners. Properties in this pocket have unequivocal student demand and bring in premium rents. Don't miss this unique opportunity to own 2 houses on 1 lot this close to campus. Seller or Agent has not verified public records, including but not limited to permits, lot size, number of rooms, number of units, age of property,zoning of property, use of property, HOA documents, CCRs or square footage. Buyer to assume investigation of all public records and documents***

Last Agent to Sell the Property

Adrian Gonzalez

Bridgepoint Realty Inc License #01844618 Listed on: 09/05/2021

Co-Listed By

Alexio Barbara

Bridgepoint Realty Inc License #01992393

Last Buyer's Agent

Peter Rocca

Rock Solid Real Estate Co. License #01265156

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,001

Year Built

  • Built in 1955

Lot Details

  • 6,621

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Listing and Financial Details

  • Tenant pays for water, electricity, gas/propane
  • Assessor Parcel Number 466-171-07-00

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Net Operating Income $82,414

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,001

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Campanile Dr
  • Neighborhood: College Area
  • Supplement: Seller or Agent has not verified public records, including but not limited to permits, lot size, number of rooms, number of units, age of property,zoning of property, use of property, HOA documents, CCRs or square footage. Buyer to assume investigation of all public records and documents***
  • Stories: 1 Story
  • Sale Price List Price: 0.99
  • Total Stories: 1
  • Year Built: 1955
  • 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
  • Roof: Composition

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 466-171-07-00

Rental Info

  • Tenant Pays: Water, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 82414
  • Annual Expense Actual: 32369
  • Gross Rent Multiplier Actual: 14.2
  • Gross Rent Multiplier Projected: 13.2
  • Gross Sched Income Actual: 116400
  • Number Of Buildings: 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

Listed on
Sep 5, 2021
Closed on
Nov 8, 2021
Sold by
Hg Holdings Llc
Bought by
Lupo Domenic J and Lupo Ann I
Seller's Agent
Adrian Gonzalez
Bridgepoint Realty Inc
Buyer's Agent
Peter Rocca
Rock Solid Real Estate Co.
List Price
$1,649,000
Sold Price
$1,639,000
Premium/Discount to List
-$10,000
-0.61%
Current Estimated Value
$1,829,444

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$190,444
Avg. Annual Appreciation
2.82%
Original Mortgage
$1,147,300
Outstanding Balance
$1,049,686
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$779,758

Purchase Details

Closed on
Jan 26, 2018
Sold by
Munos Stephanie
Bought by
Gaskins William L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2016
Sold by
Gaskins William L
Bought by
Hg Holdings Llc

Purchase Details

Closed on
Mar 10, 2014
Sold by
Watson Donald Allen and Watson Peggy B
Bought by
Gaskins William Luke

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$394,500
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 5, 2010
Sold by
Watson Donald Allen and Watson Peggy B
Bought by
Watson Donald Allen and Watson Peggy B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2010
Sold by
Watson D Allen and Watson Peggy
Bought by
Watson Donald Allen and Watson Peggy B

Purchase Details

Closed on
Jun 26, 1991
Bought by
Watson D Allen Peggy
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Lupo Domenic J $1,639,000 Wfg National Title Co Of Ca
Hg Holdings Llc -- Wfg National Title Co Of Ca
Gaskins William L -- Lawyers Title Sd
Gaskins William L -- None Available
Hg Holdings Llc -- None Available
Gaskins William Luke $526,000 Lawyers Title
Watson Donald Allen -- Stewart Title Of California
Watson Donald Allen -- Stewart Title Of California
Watson Donald Allen -- None Available
Watson D Allen Peggy $193,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lupo Domenic J $1,147,300
Previous Owner Gaskins William L $525,000
Previous Owner Gaskins William Luke $394,500
Previous Owner Watson Donald Allen $305,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/11/2021 11/11/21 Sold $1,639,000 -0.6% --
10/11/2021 10/11/21 Pending -- -- --
09/27/2021 09/27/21 For Sale $1,649,000 0.0% --
09/05/2021 09/05/21 For Sale $1,649,000 -- --
09/01/2021 09/01/21 Pending -- -- --
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 $21,001 $1,739,318 $1,273,449 $465,869
2024 $21,001 $1,705,215 $1,248,480 $456,735
2023 $20,527 $1,671,780 $1,224,000 $447,780
2022 $19,982 $1,639,000 $1,200,000 $439,000
2021 $9,915 $801,021 $459,330 $341,691
2020 $9,795 $792,809 $454,621 $338,188
2019 $7,627 $615,500 $445,707 $169,793
2018 $7,132 $603,432 $436,968 $166,464
2017 $80 $591,600 $428,400 $163,200
2016 $6,704 $567,472 $414,213 $153,259
2015 $6,605 $558,949 $407,992 $150,957
2014 $3,397 $284,689 $209,779 $74,910
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210025381

San Diego MLS

APN: 466-171-07