NOT LISTED FOR SALE

Estimated Value: $1,302,000 - $1,546,000

5 Beds
3 Baths
2,310 Sq Ft
$610/Sq Ft Est. Value

Last Sold August 23, 2022

Last sale price $1,320,000 $571 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $8,973/month

21 Days on Market

About This Home

As of August 2022

6165-69 Acorn St is a three unit investment property that is centrally located in the Rolando Park/College Area. This is a highly desired area with a large demand for rental units given its close proximity to the SDSU campus. This property makes a great long-term investment for a first time investor, as it has recently been renovated and offers stable cashflow.The unit mix consists of two 2 bedroom 1 bathroom units and one 1 bedroom and 1 bath unit and has washer/dryers in-unit. Please see the Offering Memorandum in the Documents section.

Last Agent to Sell the Property

Jason Lee

Nara Advisors, Inc. License #02068011 Listed on: 07/07/2022

Last Buyer's Agent

Daniel Velarde

Tidal Realty License #02023470

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,576

Year Built

  • 1970

Lot Details

  • 5,648 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 1-Story Property
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 467-581-13-00

Community Details

Overview

  • 3 Units
  • Rolando Park Community

Building Details

  • Net Operating Income $46,818

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,576

Year Built

1970

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Metro Uptown
  • Cross Street: College Ave & El Cajon Blvd
  • Neighborhood: College Area
  • LP / Sq Ft: 24.47
  • Stories: 1 Story
  • Sale Price List Price: 1.02
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1970

Exterior Features

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

Utilities

  • Cooling: Wall/Window

Condo/Co-op/Association

  • Complex Name: Rolando Park
  • Community: SAN DIEGO

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Zoning: R-2
  • Assessor Parcel Number: 467-581-13-00
  • Estimated Lot Sq Ft: 5648

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 46818
  • Annual Expense Actual: 22059
  • Annual Expense Projected: 25059
  • Gross Rent Multiplier Actual: 17.0
  • Gross Rent Multiplier Projected: 16.2
  • Gross Sched Income Actual: 74100
  • Gross Sched Income Projected: 84000
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 3
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Dryers: 3
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2022
Closed on
Aug 9, 2022
Sold by
Gloria Sanchez
Bought by
Cordero Freddy and Ramos Johnathan Patrick
Seller's Agent
Jason Lee
Nara Advisors, Inc.
Buyer's Agent
Daniel Velarde
Tidal Realty
List Price
$1,295,000
Sold Price
$1,320,000
Premium/Discount to List
$25,000
1.93%
Current Estimated Value
$1,374,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,667
Avg. Annual Appreciation
-0.71%
Original Mortgage
$1,367,520
Outstanding Balance
$1,308,840
Interest Rate
5.3%
Mortgage Type
VA
Estimated Equity
-$16,340

Purchase Details

Closed on
Jul 6, 2016
Sold by
Sanchez Zheath and Sanchez Gloria
Bought by
Sanchez Gloria and Sanchez Zheath E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2016
Sold by
Sanchez Zheath
Bought by
Sanchez Zheath and Sanchez Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2015
Sold by
Myers Barbara
Bought by
Sanchez Zheath

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,034
Interest Rate
3.63%
Mortgage Type
FHA

Purchase Details

Closed on
May 1, 1992
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Cordero Freddy $1,320,000 Chicago Title
Sanchez Gloria -- Ticor Title San Diego
Sanchez Zheath -- None Available
Sanchez Zheath $495,000 Corinthian Title Company
-- $190,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cordero Freddy $1,367,520
Previous Owner Sanchez Gloria $625,000
Previous Owner Sanchez Zheath Enrique $89,000
Previous Owner Sanchez Gloria $464,000
Previous Owner Sanchez Zheath $486,034
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2022 08/23/22 Sold $1,320,000 +1.9% $571 / Sq Ft
07/29/2022 07/29/22 Pending -- -- --
07/07/2022 07/07/22 For Sale $1,295,000 -- $561 / 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 $16,576 $1,373,328 $1,040,400 $332,928
2024 $16,576 $1,346,400 $1,020,000 $326,400
2023 $16,210 $1,320,000 $1,000,000 $320,000
2022 $7,268 $601,395 $334,091 $267,304
2021 $7,212 $589,604 $327,541 $262,063
2020 $6,637 $543,970 $324,183 $219,787
2019 $6,517 $533,305 $317,827 $215,478
2018 $6,174 $522,849 $311,596 $211,253
2017 $6,028 $512,598 $305,487 $207,111
2016 $5,849 $502,548 $299,498 $203,050
2015 $3,313 $279,537 $97,459 $182,078
2014 -- $274,062 $95,550 $178,512
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 220017442

San Diego MLS

APN: 467-581-13