Max Folkers
RE/MAX Pacific
(619) 304-1962
118 Total Sales
1 in Bankers Hill
$755,000 Price
612 W Laurel St San Diego, CA 92101
Bankers Hill Neighborhood
8
Beds
4
Baths
2,080
Sq Ft
4,792
Sq Ft Lot
About This Home
As of August 2021Turnkey 4-unit Investment Property on Laurel in Bankers Hill! Immaculate bay & city views. Zoned R-3, with current use as “Multi Family 10 Units or Less.” Pride-in-ownership visible throughout the property which consists of 4, fully furnished 520 sq ft units with 2 bedrooms, 1 bath and a full kitchen in each. All residences are in the main building and there are two expansive backyards on the property. The interiors have been recently remodeled and a new laundry & storage area has been added along with many landscaping upgrades. Rental agreement in place with CareFree until Nov 2021 @ $8,500 / month. Buyer has the option to extend this agreement, or to manage themselves. With a walk score of 87, tenants only need to walk 5 minutes to all Little Italy restaurants, Balboa park, and the Embarcadero.
Last Agent to Sell the Property
The PGM Group, Inc. License #01829262 Listed on: 07/02/2021
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1926
Lot Details
- 4,792
Home Design
- Composition Roof
- Stucco Exterior
Additional Features
- 2-Story Property
- Property is Fully Fenced
- Cooling System Mounted To A Wall/Window
Community Details
- 4 Units
- Laundry Facilities
- Net Operating Income $82,270
Listing and Financial Details
- Tenant pays for cable TV
- Assessor Parcel Number 533-054-06-00
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
Jul 2, 2021
Closed on
Aug 20, 2021
Sold by
Bought by
Seller's Agent
Philip Gant Morgner
The PGM Group, Inc.
Buyer's Agent
Jeff Larabee
Larabee Real Estate
List Price
$1,695,000
Sold Price
$1,722,000
Premium/Discount to List
$27,000
1.59%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$967,000
Outstanding Balance
$862,037
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 31, 2019
Closed on
Jun 25, 2019
Sold by
Bought by
Seller's Agent
Kate Darling
Pasas Properties
Buyer's Agent
Seth Watje
Starker West, Inc.
List Price
$1,130,000
Sold Price
$1,130,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.21%
Purchase Details
Closed on
Apr 4, 2019
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
$791,000
Interest Rate
6.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Apr 21, 2005
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
$663,750
Interest Rate
5.62%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 8, 2005
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
$663,750
Interest Rate
5.62%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 6, 2005
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
$663,750
Interest Rate
5.62%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 7, 2003
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
$1,491,750
Interest Rate
5.84%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 9, 2000
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Bankers Hill, CA
-
Max Folkers
-
Sal DeMaria
Sal DeMaria
Coldwell Banker Realty
(858) 221-9413
42 Total Sales
2 in Bankers Hill
$1,330,000 Price Range
-
Gina Barnes
Gina Barnes
Compass
(619) 313-5397
113 Total Sales
27 in Bankers Hill
$629K - $5.1M Price Range
-
Katy Kingery
Katy Kingery
Responds QuicklyJuanaca Home Team, Inc
(858) 768-8854
82 Total Sales
1 in Bankers Hill
$477,500 Price
-
Michael Panissidi
Michael Panissidi
Coldwell Banker West
(858) 267-4332
37 Total Sales
2 in Bankers Hill
$875,000 Price Range
-
Martha Barragan
Martha Barragan
Responds QuicklyHunter & Maddox Intl. Inc.
(619) 489-7203
15 Total Sales
1 in Bankers Hill
$530,000 Price
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 |
|---|---|---|---|
| $1,722,000 | Amrock Llc | ||
| -- | None Available | ||
| $1,130,000 | Ticor Title San Diego Branch | ||
| $885,000 | First American Title Ins Co | ||
| -- | First American Title Ins Co | ||
| $850,000 | First American Title Ins Co | ||
| $1,995,000 | Chicago Title Co | ||
| -- | -- |
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 | $967,000 | ||
| Previous Owner | $791,000 | ||
| Previous Owner | $663,750 | ||
| Previous Owner | $637,500 | ||
| Previous Owner | $1,491,750 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 08/20/2021 08/20/21 | Sold | $1,722,000 | +1.6% | $828 / Sq Ft | |
| 07/30/2021 07/30/21 | Pending | -- | -- | -- | |
| 07/27/2021 07/27/21 | Price Changed | $1,695,000 | 0.0% | $815 / Sq Ft | |
| 07/27/2021 07/27/21 | For Sale | $1,695,000 | +1.2% | $815 / Sq Ft | |
| 07/02/2021 07/02/21 | Pending | -- | -- | -- | |
| 07/02/2021 07/02/21 | For Sale | $1,675,000 | +48.2% | $805 / Sq Ft | |
| 06/11/2019 06/11/19 | Sold | $1,130,000 | 0.0% | $543 / Sq Ft | View Prior Sale |
| 06/11/2019 06/11/19 | Pending | -- | -- | -- | |
| 05/31/2019 05/31/19 | For Sale | $1,130,000 | -- | $543 / 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 | $23,437 | $1,863,945 | $1,190,674 | $673,271 |
| 2025 | $22,048 | $1,827,398 | $1,167,328 | $660,070 |
| 2024 | $22,048 | $1,791,568 | $1,144,440 | $647,128 |
| 2023 | $21,562 | $1,756,440 | $1,122,000 | $634,440 |
| 2022 | $20,988 | $1,722,000 | $1,100,000 | $622,000 |
| 2021 | $14,709 | $1,190,304 | $927,510 | $262,794 |
| 2020 | $14,531 | $1,178,100 | $918,000 | $260,100 |
| 2019 | $13,666 | $1,105,855 | $874,691 | $231,164 |
| 2018 | $12,776 | $1,084,173 | $857,541 | $226,632 |
| 2017 | $12,472 | $1,062,916 | $840,727 | $222,189 |
| 2016 | $12,272 | $1,042,076 | $824,243 | $217,833 |
| 2015 | $12,091 | $1,026,424 | $811,863 | $214,561 |
| 2014 | $11,902 | $1,006,319 | $795,960 | $210,359 |
Source: Public Records
Agents Affiliated with this Home
-
Philip Gant Morgner
Seller's Agent in 2021
Philip Gant Morgner
The PGM Group, Inc.
(619) 929-1022
1 in this area
21 Total Sales
-
Jeff Larabee
Buyer's Agent in 2021
Jeff Larabee
Larabee Real Estate
(619) 840-6280
3 in this area
59 Total Sales
-
Kate Darling
Seller's Agent in 2019
Kate Darling
Pasas Properties
(619) 633-6671
6 Total Sales
-
Seth Watje
Buyer's Agent in 2019
Seth Watje
Starker West, Inc.
(619) 358-3748
1 in this area
44 Total Sales
Map
Source: San Diego MLS
MLS Number: 210018488
APN: 533-054-06-00
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