NOT LISTED FOR SALE

Estimated Value: $924,901 - $962,000

4 Beds
2 Baths
1,500 Sq Ft
$627/Sq Ft Est. Value

Last Sold June 23, 2023

Last sale price $855,000 $570 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $5,997/month

25 Days on Market

Highlights

  • Partially Fenced Property
  • Level Lot
  • 1-Story Property
  • Grossmont High School Rated A

About This Home

As of June 2023

Price reduced. Strong cash flow out of the gate. Live in one and rent the other. Renovated Duplex offered in prime northern La Mesa community of Fletcher Hills. Well located quiet street of mostly single-family residential properties. 10 min walk to trolley station. 4 min drive to grocery and retail malls. Minutes to SDSU. 5 min walk to community park and schools. TWO 2BED 1BATH ~750sf units. Large private backyard space. Each unit has one private garage and one on-site parking space. Many recent upgrades: new roof, new electrical service panel upgrade (200amps) and new sub-panels, new garages, comprehensive termite/wood repair, interior and exterior paint. One of the two units has been extensively renovated. Other unit (MtM) is in original condition with tile flooring. The property is zone R2 offering option of more units to be built.

Last Agent to Sell the Property

Aziz Zakkout

Zakkout Real Estate Services License #01911009 Listed on: 05/01/2023

Last Buyer's Agent

Eduardo Ortega

Big Block Realty, Inc License #01972463

Big Block Realty, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,077

Year Built

  • Built in 1953

Lot Details

  • 5,622 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property

Schools

  • Grossmont Union High School District

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Septic System

Community Details

  • 2 Units
  • Net Operating Income $48,994

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 486-362-09-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,077

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: Severin drive
  • Neighborhood: FLETCHER HILLS
  • LP / Sq Ft: 15.22
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 1953
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

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

Utilities

  • Cooling: Wall/Window
  • Sewer/Septic: Septic Installed
  • Water Heater Type: Electric, Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: LA MESA

Schools

  • School District URL: http://www.guhsd.net/
  • High School: Grossmont Union High School District

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Topography: Level
  • Water District: HELIX WATER DISTRICT
  • Zoning: R2
  • Assessor Parcel Number: 486-362-09-00
  • Estimated Lot Dimensions: 60x100
  • Estimated Lot Sq Ft: 5622
  • Water District URL: http://www.hwd.com
  • Estimated Number of Acres: 0.13

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 48994
  • Annual Expense Actual: 13407
  • Gross Rent Multiplier Actual: 13.86
  • Gross Rent Multiplier Projected: 12.42
  • Gross Sched Income Actual: 62400
  • Gross Sched Income Projected: 69600
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 1
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Dryers: 1
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 2
  • 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
May 1, 2023
Closed on
Jun 7, 2023
Sold by
Zaytoon Holdings Llc
Bought by
Acosta Ruben and Acosta Brenda L
Seller's Agent
Aziz Zakkout
Zakkout Real Estate Services
Buyer's Agent
Eduardo Ortega
Big Block Realty, Inc
List Price
$895,000
Sold Price
$855,000
Premium/Discount to List
-$40,000
-4.47%
Views
321
Current Estimated Value
$926,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,737
Avg. Annual Appreciation
4.59%
Original Mortgage
$839,513
Outstanding Balance
$818,688
Interest Rate
6.35%
Mortgage Type
FHA
Estimated Equity
$122,037

Purchase Details

Closed on
Mar 8, 2001
Sold by
Smith Robert A
Bought by
Smith Sylvia H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,400
Interest Rate
7.11%

Purchase Details

Closed on
Feb 8, 2001
Sold by
Linskens Henriette
Bought by
Smith Sylvia H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,400
Interest Rate
7.11%

Purchase Details

Closed on
Feb 3, 2000
Sold by
Linskens Living Trust 06-29-90 and Linskens Henriette
Bought by
Linskens Henriette and Linskens Living Trust
Source: Public Records

Range of Values:

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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
Acosta Ruben $855,000 Lawyers Title
Smith Sylvia H -- United Title
Smith Sylvia H $214,000 United Title
Linskens Henriette -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Acosta Ruben $839,513
Previous Owner Smith Sylvia H $171,000
Previous Owner Smith Sylvia H $110,000
Previous Owner Smith Sylvia H $206,000
Previous Owner Smith Sylvia H $200,000
Previous Owner Smith Sylvia H $192,400
Previous Owner Linskens Stephan M A $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2023 06/23/23 Sold $855,000 0.0% $570 / Sq Ft
05/27/2023 05/27/23 Pending -- -- --
05/19/2023 05/19/23 Price Changed $855,000 -1.2% $570 / Sq Ft
05/08/2023 05/08/23 Price Changed $865,000 -3.4% $577 / Sq Ft
05/01/2023 05/01/23 For Sale $895,000 -- $597 / Sq Ft
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 $11,077 $889,540 $436,659 $452,881
2024 $11,077 $872,099 $428,098 $444,001
2023 $9,692 $764,999 $375,524 $389,475
2022 $4,313 $303,703 $149,082 $154,621
2021 $4,263 $297,749 $146,159 $151,590
2020 $4,191 $294,697 $144,661 $150,036
2019 $4,191 $288,920 $141,825 $147,095
2018 $4,099 $283,256 $139,045 $144,211
2017 $3,987 $277,703 $136,319 $141,384
2016 $3,830 $272,259 $133,647 $138,612
2015 $3,756 $268,170 $131,640 $136,530
2014 $3,644 $262,918 $129,062 $133,856
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 230007994

San Diego MLS

APN: 486-362-09