NOT LISTED FOR SALE

Estimated Value: $1,162,000 - $1,269,000

5 Beds
3 Baths
1,932 Sq Ft
$629/Sq Ft Est. Value

Last Sold June 02, 2021

Last sale price $980,000 $507 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $7,279/month

19 Days on Market

Highlights

  • Gated Community
  • Wood Siding
  • 3-minute walk to Teeple Park
  • Property is Fully Fenced
  • 1-Story Property

About This Home

As of June 2021

572-574 10th Street is an immaculately kept two unit apartment complex located in the highly desirable “Dolphin Bay” neighborhood of Imperial Beach. The property features a 3 bed/2 bath home with a private/gated driveway and a 2 bed/1 bath house with an attached two car garage. Grossing $4,712 per month in combined rent, the units represent a pride of ownership. This is evidenced by capital improvements such as a newer roof, a gate for tenant privacy, granite countertops, upgraded lighting and plumbing fixtures along with newer cabinets. The bathrooms feature newer vanities which help to give a more modern feel. This property provides a future owner the opportunity to lock in historically cheap financing in an area that has seen rapid development and appreciation. Perfect for an owner-occupant who wants to live in one unit and rent out the other, or an excellent standalone investment for non-owner occupants, the 10th St apartments will offer.

Last Agent to Sell the Property

Brendan Flynn

South Coast Commercial, Inc. License #01933302 Listed on: 04/13/2021

South Coast Commercial, Inc.

Last Buyer's Agent

Patty Sadoughi

Omega Elite California Realty License #01402840

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 7,536

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas

Additional Features

  • 1-Story Property
  • Property is Fully Fenced

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 626-151-27-00

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • 2 Units
  • Net Operating Income $39,348
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

7,536 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
  • Stories: 1 Story
  • Sale Price List Price: 0.98
  • Total Stories: 1
  • Year Built: 1959
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U2: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Full
  • Roof: Composition

Utilities

  • Security: Gated Community
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: IMPERIAL BEACH

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Zoning: r2
  • Assessor Parcel Number: 626-151-27-00

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 39348
  • Gross Rent Multiplier Actual: 17.0
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Garage: 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

Closed on
Jan 24, 2025
Sold by
Rastegar Saeed and Sadoughi Esmat Pari
Bought by
Bolsa Family Trust and Rastegar
Current Estimated Value
$1,216,108

Purchase Details

Listed on
Apr 13, 2021
Closed on
May 28, 2021
Sold by
Sadoughi Pari
Bought by
Rastegar Saeed
Seller's Agent
Brendan Flynn
South Coast Commercial, Inc.
Buyer's Agent
Patty Sadoughi
Omega Elite California Realty
List Price
$995,000
Sold Price
$980,000
Premium/Discount to List
-$15,000
-1.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.64%
Original Mortgage
$712,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 13, 2021
Closed on
May 27, 2021
Sold by
Nys Mark H and Luoni Maria E
Bought by
Rastegar Saeed and Rastegar Maryam
Seller's Agent
Brendan Flynn
South Coast Commercial, Inc.
Buyer's Agent
Patty Sadoughi
Omega Elite California Realty
List Price
$995,000
Sold Price
$980,000
Premium/Discount to List
-$15,000
-1.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 6, 2018
Sold by
Nys Mark H
Bought by
Nys Mark H

Purchase Details

Listed on
Apr 6, 2016
Closed on
Jul 6, 2016
Sold by
Nys Mark H
Bought by
Luoni Maria E
Seller's Agent
Edward Saenz
Mission Capital Inc.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$625,000
Sold Price
$565,000
Premium/Discount to List
-$60,000
-9.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.26%
Original Mortgage
$273,050
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 6, 2016
Closed on
Jun 7, 2016
Sold by
Vale Norma
Bought by
Lambertus & Josephine Nys Revocable Trus
Seller's Agent
Edward Saenz
Mission Capital Inc.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$625,000
Sold Price
$565,000
Premium/Discount to List
-$60,000
-9.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,050
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2005
Sold by
Vale Norma
Bought by
Vale Norma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,500
Interest Rate
5.67%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 13, 2002
Sold by
Vale Norma
Bought by
Yale Julio D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.84%

Purchase Details

Closed on
Apr 28, 2000
Sold by
Julio Vale and Julio D
Bought by
Vale Julio D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
8.15%

Purchase Details

Closed on
Mar 8, 1998
Sold by
Slevin Joyce Revocable Trust 08-29-94 and Mel
Bought by
Vale Ii Julio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
8.5%

Purchase Details

Closed on
Aug 29, 1994
Sold by
Slevin Joyce
Bought by
Slevin Joyce
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Bolsa Family Trust -- None Listed On Document
Rastegar Saeed -- Lawyers Title
Rastegar Saeed $957,500 Lawyers Title
Nys Mark H -- Lawyers Title
Luoni Maria E -- Lawyers Title Sd
Nys Mark H -- None Available
Nys Mark H -- None Available
Luoni Maria E -- Ticor Title
Lambertus & Josephine Nys Revocable Trus $565,000 Ticor Title
Vale Norma -- California Title Company
Yale Julio D -- Ticor Title Co
Vale Julio D -- --
Vale Ii Julio -- New Century Title Company
Vale Ii Julio $130,000 First American Title
Slevin Joyce -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rastegar Saeed $712,500
Previous Owner Lambertus & Josephine Nys Revocable Trus $273,050
Previous Owner Vale Norma $272,500
Previous Owner Yale Julio D $156,000
Previous Owner Vale Ii Julio $126,000
Previous Owner Vale Ii Julio $104,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/02/2021 06/02/21 Sold $980,000 -1.5% $507 / Sq Ft
05/03/2021 05/03/21 Pending -- -- --
04/13/2021 04/13/21 For Sale $995,000 +76.1% $515 / Sq Ft
07/08/2016 07/08/16 Sold $565,000 -9.6% $291 / Sq Ft View Prior Sale
06/02/2016 06/02/16 Pending -- -- --
04/06/2016 04/06/16 For Sale $625,000 -- $322 / 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 $12,395 $1,036,025 $828,060 $207,965
2024 $12,395 $1,015,712 $811,824 $203,888
2023 $12,509 $995,797 $795,906 $199,891
2022 $12,368 $976,272 $780,300 $195,972
2021 $7,976 $605,791 $251,258 $354,533
2020 $7,592 $599,580 $248,682 $350,898
2019 $7,484 $587,824 $243,806 $344,018
2018 $7,453 $576,299 $239,026 $337,273
2017 $7,251 $565,000 $234,340 $330,660
2016 $3,680 $281,714 $116,844 $164,870
2015 $30,916 $277,483 $115,089 $162,394
2014 $4,049 $272,048 $112,835 $159,213
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210009513

San Diego MLS

APN: 626-151-27

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