NOT LISTED FOR SALE
3 Beds
2 Baths
7,284 Sq Ft
-- Built

Sale Details

Date Sold: September 29, 2021

Last sale price $3,745,000 $514 Per Sq Ft

20 Days on Market

Highlights

  • Landscaped
  • Partially Fenced Property
  • 2-minute walk to Teeple Park

About This Home

As of September 2021

10 Prime, Luxury, Major Renovation, Coastal Units. Great Mix of 5 - 2Br,1Ba and 5 - 1Br,1Ba Units. Pride of Ownership. Close Proximity to Pacific Ocean and Beach. Walking distance to Bayshore Bikepath to Coronado. One of the Finest Apartment Buildings available. See attached Marketing Package for more details. Priced to Sell at Current GRM of 15.4 and Actual 4.95 CAP Rate. Brand New Roof 2020, Balconies and Patio Yards. Must See OM for vast list of exterior and interior improvements.

Last Agent to Sell the Property

Joseph Siemienowski

Siemienowski & Associates License #00831832 Listed on: 05/10/2021

Last Buyer's Agent

Vic Minassian

Great Source Realty Corp License #01395173

Property Details

Home Type

  • Multi-Family

Lot Details

  • Partially Fenced Property
  • Wood Fence
  • Landscaped

Home Design

Interior Spaces

  • 3 Bedrooms
  • 7,284 Sq Ft Home
  • 2-Story Property

Parking

  • 16 Parking Spaces
  • Parking Available

Additional Features

  • Number of ADU Units: 5
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Total Actual Rent $19,925

Community Details

Overview

  • 10 Units

Building Details

  • 10 Leased Units
  • Operating Expense $77,665

Property Details

Home Type

Multi-Family

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Unit Levels: 2 Story
  • Property Sub Type: Com-Res Income
  • Community Features: Other/Remarks
  • Lot Size: 12260
  • CapRate: 4.29
  • Co List Office Mls Id: 62167
  • Directions: Head South on I-5, Exit CA-75/Palm Ave. Right on 11th. Subject property is on the Left side.
  • Living Area: 7284.0
  • Structure Type: Apartment, Other/Remarks
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-07-18T08:26:29Z
  • FullAddress: 584 11th
  • NumofLeasedApartments: 10
  • SDMLS_NumofADUUnits: 5.0
  • Special Features: None

Interior Features

  • Total Bedrooms: 3
  • Flooring: Other/Remarks

Exterior Features

  • Roof: Other/Remarks
  • Construction Type: Cable Available, Fully Landscaped, Metal Fence, Part Fenced, Wood Fence, Remarks

Garage/Parking

  • Parking Features: Spaces, Other/Remarks
  • Total Parking Spaces: 16.0

Utilities

  • Cooling: Other
  • Heating: Wall
  • Laundry Features: Leased

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 10
  • Annual Operating Expense: 77665.0
  • Total Actual Rent: 19925.0

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

Listed on
May 10, 2021
Closed on
Oct 7, 2021
Sold by
Bought by
Seller's Agent
Joseph Siemienowski
Siemienowski & Associates
Buyer's Agent
Vic Minassian
Great Source Realty Corp
List Price
$3,695,000
Sold Price
$3,745,000
Premium/Discount to List
$50,000
1.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,575,000
Interest Rate
0.028%
Mortgage Type
Commercial

Purchase Details

Listed on
May 10, 2021
Closed on
Sep 24, 2021
Sold by
Bought by
Seller's Agent
Joseph Siemienowski
Siemienowski & Associates
Buyer's Agent
Vic Minassian
Great Source Realty Corp
List Price
$3,695,000
Sold Price
$3,745,000
Premium/Discount to List
$50,000
1.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,575,000
Interest Rate
0.028%
Mortgage Type
Commercial

Purchase Details

Listed on
May 10, 2021
Closed on
Sep 23, 2021
Sold by
Bought by
Seller's Agent
Joseph Siemienowski
Siemienowski & Associates
Buyer's Agent
Vic Minassian
Great Source Realty Corp
List Price
$3,695,000
Sold Price
$3,745,000
Premium/Discount to List
$50,000
1.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,575,000
Interest Rate
0.028%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 6, 2020
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
$2,225,000
Interest Rate
0.034%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 7, 2017
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
$2,025,000
Interest Rate
0.039%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 21, 2016
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
$1,204,500
Interest Rate
0.0362%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 8, 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
$383,000
Interest Rate
0.035%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 25, 2008
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
$700,000
Interest Rate
0.0641%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 5, 2005
Sold by
Bought by

Purchase Details

Closed on
Sep 28, 2005
Sold by
Bought by

Purchase Details

Closed on
Apr 1, 2005
Sold by
Bought by

Purchase Details

Closed on
Sep 15, 1995
Sold by
Bought by

Purchase Details

Closed on
Dec 23, 1993
Sold by
Bought by

Purchase Details

Closed on
Sep 22, 1989
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
-- Chicago Title Company
-- Chicago Title Company
$3,745,000 Chicago Title Company
$3,425,000 Chicago Title Co Com Div
$2,135,000 Fidelity National Title Co
$1,650,000 Chicago Title
$1,175,000 Stewart Title Of California
-- Chicago Title Company
-- Chicago Title Company
-- Chicago Title Company
-- Old Republic Title Company
-- --
-- Old Republic Title Company
-- Old Republic Title Company
-- --
-- First American Title Co
$530,000 --
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
Open $2,575,000
Closed $2,575,000
Previous Owner $2,225,000
Previous Owner $2,025,000
Previous Owner $1,204,500
Previous Owner $400,000
Previous Owner $383,000
Previous Owner $700,000
Previous Owner $635,000
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
03/05/2025 03/05/25 Off Market -- -- --
11/13/2024 11/13/24 For Rent -- -- --
11/04/2024 11/04/24 Off Market -- -- --
07/25/2024 07/25/24 For Rent -- -- --
09/29/2021 09/29/21 Sold $3,745,000 0.0% $514 / Sq Ft
06/01/2021 06/01/21 Pending -- -- --
05/17/2021 05/17/21 Off Market $3,745,000 -- --
05/11/2021 05/11/21 For Sale $3,695,000 -- $507 / 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 $55,960 $4,053,707 $2,971,275 $1,082,432
2025 $55,960 $3,974,223 $2,913,015 $1,061,208
2024 $49,484 $3,896,298 $2,855,898 $1,040,400
2023 $49,314 $3,819,900 $2,799,900 $1,020,000
2022 $46,582 $3,745,000 $2,745,000 $1,000,000
2021 $42,459 $3,460,483 $2,273,310 $1,187,173
2020 $27,050 $2,221,254 $1,232,874 $988,380
2019 $26,018 $2,177,700 $1,208,700 $969,000
2018 $27,538 $2,135,000 $1,185,000 $950,000
2017 $23,059 $1,683,000 $918,000 $765,000
2016 $16,367 $1,222,275 $624,141 $598,134
2015 $16,446 $1,203,916 $614,766 $589,150
2014 $16,215 $1,180,334 $602,724 $577,610
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210012489

San Diego MLS

APN: 626-152-15-00

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