NOT LISTED FOR SALE

6040 Adelaide Ave Unit 42 San Diego, CA 92115

El Cerrito Neighborhood

Estimated Value: $860,000 - $1,042,000

4 Beds
2 Baths
-- Sq Ft
6,251 Sq Ft Lot

Last Sold March 29, 2016

Last sale price $515,000

Est. 84% increase in value since last sale

Current estimated payment $5,630/month

83 Days on Market

About This Home

As of March 2016

Sold

Last Agent to Sell the Property

James Anderson

Sun Heritage Real Estate License #00499690 Listed on: 11/28/2015

Last Buyer's Agent

Nathan Crowley

Team Metro License #01892269

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,290

Year Built

  • Built in 1941

Lot Details

  • 6,251 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Composition Roof

Interior Spaces

  • 2-Story Property

Schools

  • San Diego Unified School District Elementary And Middle School
  • San Diego Unified School District High School

Utilities

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

Listing and Financial Details

  • Tenant pays for water, cable TV, electricity, gas/propane
  • Assessor Parcel Number 472-121-17-00

Community Details

Overview

  • $3 Other Monthly Fees
  • 2 Units

Building Details

  • Net Operating Income $33,860

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,290

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: College Ave
  • Neighborhood: El Cerrito Heights
  • Stories: 2 Story
  • Sale Price List Price: 0.96
  • Total Stories: 2
  • Year Built: 1941
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

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

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: SAN DIEGO

Fee Information

  • Total Monthly Fees: 3
  • Other Fees: 30.7
  • Other Fees Reflect: Year

Schools

  • School District URL: https://www.sandiegounified.org/
  • Elementary School: San Diego Unified School District
  • Elementary School Website: https://www.sandiegounified.org/
  • High School: San Diego Unified School District
  • Middle School Url: https://www.sandiegounified.org/
  • Middle School: San Diego Unified School District

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Zoning: R2
  • Assessor Parcel Number: 472-121-17-00
  • Land Use Code: R2
  • Estimated Lot Sq Ft: 6251

Rental Info

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

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 33860
  • Annual Expense Actual: 1500
  • Gross Rent Multiplier Actual: 173.98
  • Gross Sched Income Actual: 36900
  • Number Of Buildings: 1
  • Number Of Units With Dryers: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2015
Closed on
Mar 24, 2016
Sold by
Utley Amanda Lynn
Bought by
Almusa Seif A
Seller's Agent
James Anderson
Sun Heritage Real Estate
Buyer's Agent
Nathan Crowley
Team Metro
List Price
$535,000
Sold Price
$515,000
Premium/Discount to List
-$20,000
-3.74%
Total Days on Market
83
Current Estimated Value
$946,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$431,359
Avg. Annual Appreciation
7.18%
Original Mortgage
$497,811
Interest Rate
3.65%
Mortgage Type
FHA

Purchase Details

Listed on
Nov 28, 2015
Closed on
Mar 3, 2016
Sold by
Anderson Jonathan
Bought by
Almusa Seif
Seller's Agent
James Anderson
Sun Heritage Real Estate
Buyer's Agent
Nathan Crowley
Team Metro
List Price
$535,000
Sold Price
$515,000
Premium/Discount to List
-$20,000
-3.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$497,811
Interest Rate
3.65%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 4, 2014
Closed on
Jun 19, 2014
Sold by
Malone Michael P
Bought by
Anderson Jonathan
Seller's Agent
Julia Fontana
Sun Heritage Real Estate
Buyer's Agent
Julia Fontana
Sun Heritage Real Estate
Sold Price
$1,850

Purchase Details

Closed on
May 31, 1994
Sold by
Roeckel Deceased Emilie W
Bought by
Hallett Dolores J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,992
Interest Rate
8.65%
Mortgage Type
FHA

Purchase Details

Closed on
May 20, 1994
Sold by
Malone Mary E
Bought by
Malone Michael P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,992
Interest Rate
8.65%
Mortgage Type
FHA

Purchase Details

Closed on
May 18, 1994
Sold by
Hallett Dolores
Bought by
Malone Michael P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,992
Interest Rate
8.65%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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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
Almusa Seif A -- Corinthian Title Company
Almusa Seif $515,000 Corinthian Title Company
Anderson Jonathan $450,000 None Available
Malone Michael P -- Stewart Title
Malone Michael P $138,000 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Almusa Seif $453,500
Closed Almusa Self $453,850
Closed Almusa Seif $468,000
Closed Almusa Seif $497,811
Previous Owner Malone Michael P $100,000
Previous Owner Malone Michael P $225,000
Previous Owner Malone Michael P $84,500
Previous Owner Malone Michael P $134,500
Previous Owner Malone Michael P $50,000
Previous Owner Malone Michael P $130,821
Previous Owner Malone Michael P $132,555
Previous Owner Malone Michael P $135,992
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2016 03/29/16 Sold $515,000 -3.7% --
02/18/2016 02/18/16 Pending -- -- --
11/27/2015 11/27/15 For Sale $535,000 0.0% --
08/04/2014 08/04/14 Rented $1,850 -5.1% --
08/04/2014 08/04/14 For Rent $1,950 -- --
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
2024 $7,290 $597,695 $348,173 $249,522
2023 $7,127 $585,977 $341,347 $244,630
2022 $6,936 $574,488 $334,654 $239,834
2021 $6,887 $563,225 $328,093 $235,132
2020 $6,803 $557,451 $324,729 $232,722
2019 $6,680 $546,521 $318,362 $228,159
2018 $6,327 $535,806 $312,120 $223,686
2017 $80 $525,300 $306,000 $219,300
2016 $2,245 $195,649 $111,801 $83,848
2015 $2,211 $192,711 $110,122 $82,589
2014 $2,176 $188,937 $107,965 $80,972
Source: Public Records

Agents Affiliated with this Home

  • James Anderson

    Seller's Agent in 2016

    James Anderson

    Sun Heritage Real Estate

    (760) 814-1187

    4 Total Sales

    James Anderson
    Section Image
  • Nathan Crowley

    Buyer's Agent in 2016

    Nathan Crowley

    Team Metro

    (858) 822-8845

    73 Total Sales

    Nathan Crowley
    Section Image

  • J

    Seller's Agent in 2014

    Julia Fontana

    Sun Heritage Real Estate

    (760) 814-1187

    2 Total Sales

    Julia Fontana
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 150062728

San Diego MLS

APN: 472-121-17

California San Diego County San Diego 92115 El Cerrito

6040 Adelaide Ave Unit 42, San Diego, CA

This home is located at 6040 Adelaide Ave Unit 42, San Diego, CA 92115 since 28 November 2015 and is currently estimated at $946,359. This property was built in 1941. 6040 Adelaide Ave Unit 42 is a home located in San Diego County with nearby schools including Clay Elementary School, Mann Middle School, and Crawford High School.

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