NOT LISTED FOR SALE

Estimated Value: $887,486 - $961,000

4 Beds
2 Baths
51,468 Sq Ft
$18/Sq Ft Est. Value

Last Sold May 02, 2022

Last sale price $750,000 $15 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $5,777/month

8 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Back and Front Yard
  • Grossmont High School Rated A-
  • No Heating
  • 1-Story Property

About This Home

As of May 2022

Investors.....here's a rare Duplex property opportunity waiting for you! This property is located in a desirable quiet residential area of La Mesa, listed at a great price. Both units have nice size back yards and attached single car garages. Property to be sold "As Is" no termite report will be provided and seller will not repair anything on either unit. Property is occupied, please do not disturb tenants. Make an offer before is gone. ***All Cash Offers Only***

Last Agent to Sell the Property

Adriana Orendain

CA-RES License #02094301 Listed on: 03/28/2022

CA-RES

Last Buyer's Agent

Twana Rasoul

Compass License #02026495

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 6,000 Sq Ft Lot
  • 1 Common Wall
  • Back and Front Yard

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 51,468 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot Lot 81 Map 2940
  • Tax Tract Number 5011
  • Assessor Parcel Number 4863620900

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,400
  • Operating Expense $56,800
  • Gross Income $33,600
  • Net Operating Income $30,630

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 4.50
  • Property Attached: Yes
  • View: No
  • Zoning: R-2:Minor Multiple
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 4863620900
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Price Per Square Foot: 14.57

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 6000.00
  • Lot Size Acres: 0.1377

Multi Family

  • Gross Income: 33600.00
  • Gross Scheduled Income: 33600.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 6000.0000 Square Feet
  • Net Operating Income: 30630.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 2600.00
  • Rent Control: No
  • Total Expenses: 56800.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Lot: Lot 81 Map 2940
  • Tax Tract Number: 05011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 7, 2023
Sold by
Zaytoon Holdings Llc
Bought by
Acosta Ruben and Acosta Brenda L
Current Estimated Value
$934,872

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$839,513
Outstanding Balance
$813,267
Interest Rate
6.35%
Mortgage Type
FHA
Estimated Equity
$121,605

Purchase Details

Listed on
Mar 28, 2022
Closed on
Apr 14, 2022
Sold by
Smith Sylvia H
Bought by
Zaytoon Holdings Llc
Seller's Agent
Adriana Orendain
CA-RES
Buyer's Agent
Twana Rasoul
Compass
List Price
$700,000
Sold Price
$750,000
Premium/Discount to List
$50,000
7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.14%
Original Mortgage
$487,500
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

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

Purchase Details

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

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:

--
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
Acosta Ruben $855,000 Lawyers Title
Zaytoon Holdings Llc $750,000 Orange Coast 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 Zaytoon Holdings Llc $487,500
Previous Owner Smith Sylvia H $192,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2022 05/02/22 Sold $750,000 +7.1% $15 / Sq Ft
04/05/2022 04/05/22 Pending -- -- --
03/28/2022 03/28/22 For Sale $700,000 -- $14 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2201997

California Regional Multiple Listing Service (CRMLS)

APN: 486-362-09