NOT LISTED FOR SALE

Estimated Value: $1,891,000 - $3,369,000

6 Beds
6 Baths
4,917 Sq Ft
$528/Sq Ft Est. Value

Last Sold March 23, 2017

Last sale price $1,975,000 $402 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $16,520/month

1 Day on Market

Highlights

  • Newly Remodeled
  • Cathedral Ceiling
  • Main Floor Primary Bedroom
  • Primary Bedroom Suite
  • Wood Flooring
  • No HOA

About This Home

As of March 2017

This unique project offers a brand new construction, detached 2-story front house with 2 car garage. The front house has 3 bedrooms, a den that could be used as an addiitonal bedroom, 4 bathrooms, vaulted ceilings, a private master patio, and a 250 sq ft rooftop terrace. On the back half of the lot there is a new construction duplex, each unit with 2.5 car garages, 3 bedrooms and 3 baths. All three units are finished with high quality materials, private laundry rooms, private patios, spacious open floor plans and all kitchen appliances. They are equipped with separate meters for water, gas and electricity and a fourth electric and water meter for the owner’s common areas, which include exterior lighting and landscape irrigation.

Last Agent to Sell the Property

Seth Hamilton

Citivest Realty Services, Inc License #01897619 Listed on: 11/09/2016

Last Buyer's Agent

Brian Jung

BJ Realty License #01946975

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,647

Year Built

  • Built in 2016 | Newly Remodeled

Lot Details

  • 7,310 Sq Ft Lot
  • 1 Common Wall

Parking

  • 2 Open Parking Spaces
  • 6 Car Garage
  • Parking Available
  • Two Garage Doors

Home Design

  • Property Attached

Interior Spaces

  • 4,917 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Double Pane Windows
  • Den
  • Wood Flooring

Kitchen

  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Eco-Friendly Details

  • Energy-Efficient Windows
  • Energy-Efficient HVAC
  • ENERGY STAR Qualified Equipment for Heating
  • Reclaimed Water Irrigation System

Outdoor Features

  • Rain Gutters

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 5402010011

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $318
  • Insurance Expense $1,721
  • Maintenance Expense $1,200
  • Other Expense $1,200
  • Professional Management Expense $540
  • Trash Expense $300
  • Water Sewer Expense $300
  • New Taxes Expense $23,788
  • Operating Expense $29,367
  • Gross Income $144,780
  • Net Operating Income $115,413

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,647

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • CapRate: 5.80
  • Inclusions: All appliances and fixtures
  • Professional Management Expense: 540.00
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System
  • Subdivision Name Other: Marathon Tract
  • Water Sewer Expenses: 300.00
  • Zoning: LARD2
  • New Construction: Yes
  • Property Type: Residential Income
  • Parcel Number: 5402010011
  • Year Built: 2016
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Cathedral Ceiling(s)
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 401.67
  • Room Type: Den, Main Floor Master Bedroom, Master Suite
  • Window Features: Double Pane Windows

Exterior Features

  • Exterior Features: Rain Gutters
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage - Two Door
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Cooktop, Microwave, Refrigerator
  • Heating Type: ENERGY STAR Qualified Equipment
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public
  • Cooling: Central Air, Energy Star Qualified Equipment
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Green Features

  • Green Water Conservation: Reclamation
  • Efficiency: HVAC, Windows

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7310.00

Multi Family

  • Electric Expense: 318.00
  • Gross Multiplier: 13.12
  • Gross Operating Income: 144780.00
  • Gross Scheduled Income: 152400.00
  • Insurance Expense: 1721.00
  • Maintenance Expense: 1200.00
  • Net Operating Income: 115413.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 29367.00
  • Other Expense: 1200.00
  • Other Expense Description: Turnover
  • Rent Control: No
  • Total Expenses: 29367.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 23788.00
  • Tax Census Tract: 1958.04
  • Tax Lot: 9
  • Tax Tract Number: MR14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 7, 2022
Sold by
Lee Eunhee
Bought by
Lee Eunhee and The Eunhee Masser Living Trust
Current Estimated Value
$2,596,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,040,000
Outstanding Balance
$971,445
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$1,646,866

Purchase Details

Closed on
Jul 19, 2019
Sold by
Masser Eunhee and Masser Eun Hee
Bought by
Masser Eunhee

Purchase Details

Closed on
Oct 17, 2016
Sold by
Satsuma Solutions Llc
Bought by
Masser Eun Hee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
5.12%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 10, 2014
Closed on
Dec 16, 2014
Sold by
Griffin Residential Iii Llc
Bought by
Satsuma Solutions Llc
Seller's Agent
Alaura Clennon
Griffin Real Estate, Inc.
Buyer's Agent
Alaura Clennon
Griffin Real Estate, Inc.
List Price
$549,000
Sold Price
$499,000
Premium/Discount to List
-$50,000
-9.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.89%

Purchase Details

Closed on
Sep 16, 2014
Sold by
Gw San Diego Properties Llc
Bought by
Griffin Residential Iii Llc

Purchase Details

Closed on
May 8, 2014
Sold by
Lledo Lolita
Bought by
Gw San Diego Properties Llc

Purchase Details

Closed on
Jul 1, 2011
Sold by
Pack Tai Hee
Bought by
648 Rampart Trust and Trust Holding Service Co

Purchase Details

Closed on
Nov 1, 2010
Sold by
Joo Soo Jin
Bought by
Pack Tai

Purchase Details

Closed on
Jun 1, 2010
Sold by
Rampart 648 Trust
Bought by
Joo Soo Jin

Purchase Details

Closed on
Feb 8, 2008
Sold by
Lledo Lolita
Bought by
Rampart 648 Trust

Purchase Details

Closed on
Oct 18, 2005
Sold by
Lledo Salvador Y
Bought by
Lledo Lolita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,850
Interest Rate
5.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 6, 2005
Sold by
Duerler John M
Bought by
Lledo Lolita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,850
Interest Rate
5.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 20, 2003
Sold by
Chesley Llc
Bought by
Duerler John M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
8.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 1, 2002
Sold by
Gonzalez Humberto Mendez and Toche Maria E
Bought by
Chesley Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,500
Interest Rate
6.85%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Lee Eunhee -- California Best Title
Masser Eunhee -- None Available
Masser Eun Hee $1,975,000 First American Title Company
Satsuma Solutions Llc $499,000 Ticor Title
Griffin Residential Iii Llc $390,500 Ticor Title
Gw San Diego Properties Llc $377,000 Accommodation
648 Rampart Trust -- None Available
Pack Tai -- None Available
Joo Soo Jin -- None Available
Rampart 648 Trust -- None Available
Lledo Lolita -- Chicago Title Co
Lledo Lolita $599,000 --
Duerler John M $270,000 Fidelity National Title Co
Chesley Llc $165,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Masser Eun Hee $1,050,000
Previous Owner Rampart 648 Trust $150,000
Previous Owner Lledo Lolita $89,850
Previous Owner Lledo Lolita $479,200
Previous Owner Duerler John H $427,500
Previous Owner Duerler John M $320,000
Previous Owner Duerler John M $270,000
Previous Owner Chesley Llc $27,500
Previous Owner Chesley Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2017 03/23/17 Sold $1,975,000 -1.2% $402 / Sq Ft
11/10/2016 11/10/16 Pending -- -- --
11/09/2016 11/09/16 For Sale $1,999,000 +300.6% $407 / Sq Ft
12/30/2014 12/30/14 Sold $499,000 -9.1% $499 / Sq Ft
12/10/2014 12/10/14 Pending -- -- --
11/10/2014 11/10/14 For Sale $549,000 -- $549 / 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 $27,647 $2,292,151 $899,452 $1,392,699
2024 $27,647 $2,247,208 $881,816 $1,365,392
2023 $27,112 $2,203,146 $864,526 $1,338,620
2022 $25,853 $2,159,948 $847,575 $1,312,373
2021 $25,529 $2,117,597 $830,956 $1,286,641
2020 $25,790 $2,095,885 $822,436 $1,273,449
2019 $24,766 $2,054,790 $806,310 $1,248,480
2018 $24,573 $2,014,500 $790,500 $1,224,000
2017 $15,031 $1,225,641 $516,741 $708,900
2016 $6,165 $506,609 $506,609 $0
2015 $6,145 $499,000 $349,000 $150,000
2014 $5,208 $409,851 $286,896 $122,955
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16743825

California Regional Multiple Listing Service (CRMLS)

APN: 5402-010-011