NOT LISTED FOR SALE
2 Beds
2 Baths
1,120 Sq Ft
7,955 Sq Ft Lot

Sale Details

Date Sold: March 23, 2021

Last sale price $830,000 $741 Per Sq Ft

5 Days on Market

Highlights

  • Boat Facilities
  • Property is Fully Fenced
  • West of 5 Freeway
  • City View
  • Level Lot
  • 5-minute walk to Teeple Park

About This Home

As of March 2021

Superb investment opportunity with 2 detached homes on developed and peaceful residential street. Completely remodeled front home with new floors, bathroom, lighting, windows and paint. Large exclusive use front and backyards, plenty of parking and separate access. Steps from Bayshore Bikeway with service to Coronado and valuable potential to build up for sweeping downtown and lagoon views.

Last Agent to Sell the Property

Michael Libutti

Libutti Realty Advisors Inc. License #01995758 Listed on: 02/10/2021

Co-Listed By

Greg Robertson

Class Realty Group License #01978303

Last Buyer's Agent

Joseph Bergandi

Velocity Realty License #02032632

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2004

Lot Details

  • 7,955 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot

Property Views

  • Lagoon
  • City

Home Design

  • Composition Roof
  • Stucco Exterior

Parking

  • Alley Access
  • RV Potential

Utilities

  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Additional Features

  • 1-Story Property
  • Boat Facilities
  • West of 5 Freeway

Community Details

  • 2 Units
  • Net Operating Income $19,040

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 626-193-20-00

Property Details

Home Type

Multi-Family

Year Built

Built in 2004

Lot Details

7,955 Sq Ft Lot

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: Cypress
  • Neighborhood: Imperial Beach
  • LP / Sq Ft: 16.6
  • Miscellaneous: Value in Land
  • Stories: 1 Story
  • Sale Price List Price: 1.04
  • Total Stories: 1
  • Year Built: 2004
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Boat Facilities: Yes
  • Exterior Material: Stucco
  • Fencing: Full
  • Roof: Composition
  • View: City, Lagoon/Estuary

Garage/Parking

  • Parking for RV: Potential Space

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas

Condo/Co-op/Association

  • Community: IMPERIAL BEACH

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Site: Alley Access, Public Street, Sidewalks, West of I-5
  • Topography: Level
  • Zoning: R-2:MINOR
  • Assessor Parcel Number: 626-193-20-00
  • Estimated Lot Sq Ft: 7955
  • Estimated Number of Acres: 0.18
  • Map Code Column: H
  • Map Code Page: 1329
  • Map Code Row: 7

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 19040
  • Gross Rent Multiplier Actual: 15.8
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 1
  • Number Of Units With Refrigerator: 1

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
Feb 10, 2021
Closed on
Mar 9, 2021
Sold by
Bought by
Seller's Agent
Michael Libutti
Libutti Realty Advisors Inc.
Buyer's Agent
Joseph Bergandi
Velocity Realty
List Price
$795,000
Sold Price
$830,000
Premium/Discount to List
$35,000
4.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$859,880
Interest Rate
2.7%
Mortgage Type
VA

Purchase Details

Listed on
Feb 10, 2021
Closed on
Feb 24, 2021
Sold by
Bought by
Seller's Agent
Michael Libutti
Libutti Realty Advisors Inc.
Buyer's Agent
Joseph Bergandi
Velocity Realty
List Price
$795,000
Sold Price
$830,000
Premium/Discount to List
$35,000
4.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$859,880
Interest Rate
2.7%
Mortgage Type
VA

Purchase Details

Listed on
Feb 10, 2021
Closed on
Feb 19, 2021
Sold by
Bought by
Seller's Agent
Michael Libutti
Libutti Realty Advisors Inc.
Buyer's Agent
Joseph Bergandi
Velocity Realty
List Price
$795,000
Sold Price
$830,000
Premium/Discount to List
$35,000
4.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$859,880
Interest Rate
2.7%
Mortgage Type
VA

Purchase Details

Closed on
Jan 11, 2021
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
$859,880
Interest Rate
2.7%
Mortgage Type
VA

Purchase Details

Closed on
Jul 3, 2014
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
$264,000
Interest Rate
4.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 29, 2013
Sold by
Bought by

Purchase Details

Closed on
Feb 7, 2013
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
$177,000
Interest Rate
3.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 12, 2012
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
$177,000
Interest Rate
3.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 10, 2012
Sold by
Bought by

Purchase Details

Closed on
Mar 4, 2004
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
$280,600
Interest Rate
5.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 27, 2002
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
$182,535
Interest Rate
6.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 19, 1999
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
$127,796
Interest Rate
7.82%
Mortgage Type
FHA
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
-- First American Title
-- First American Title
$830,000 First American Title
-- None Listed On Document
$330,000 First American Title
-- None Available
-- None Available
$295,000 First American Title
$118,755 First American Title
-- Chicago Title
-- Fidelity National Title Co
$129,000 Commonwealth Land Title Co
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 $859,880
Previous Owner $367,500
Previous Owner $322,000
Previous Owner $264,000
Previous Owner $177,000
Previous Owner $320,500
Previous Owner $295,000
Previous Owner $280,600
Previous Owner $14,000
Previous Owner $182,535
Previous Owner $127,796
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
03/23/2021 03/23/21 Sold $830,000 +4.4% $741 / Sq Ft
02/16/2021 02/16/21 Pending -- -- --
02/10/2021 02/10/21 For Sale $795,000 -- $710 / 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 $11,732 $916,382 $638,693 $277,689
2025 $10,925 $898,415 $626,170 $272,245
2024 $10,925 $880,800 $613,893 $266,907
2023 $10,628 $863,530 $601,856 $261,674
2022 $10,394 $846,599 $590,055 $256,544
2021 $4,929 $366,401 $255,371 $111,030
2020 $4,831 $362,645 $252,753 $109,892
2019 $4,730 $355,536 $247,798 $107,738
2018 $4,612 $348,566 $242,940 $105,626
2017 $4,491 $341,732 $238,177 $103,555
2016 $4,307 $335,032 $233,507 $101,525
2015 $4,292 $330,000 $230,000 $100,000
2014 $4,823 $296,338 $160,726 $135,612
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210003549

San Diego MLS

APN: 626-193-20-00

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