NOT LISTED FOR SALE
4 Beds
4 Baths
2,304 Sq Ft
1956 Built

Sale Details

Date Sold: September 8, 2021

Last sale price $1,075,000 $467 Per Sq Ft

13 Days on Market

Highlights

  • Property is Fully Fenced
  • 1-Story Property
  • 4-minute walk to Teeple Park

About This Home

As of September 2021

We are pleased to present the 4-unit investment opportunity located at 662-668 Florence Street in a very desirable location within the Imperial Beach Community. The property is strategically located steps to all the retail Palm Avenue has to offer as well as less than two blocks from the Bayshore Bike Path (and future development there). The building boasts four spacious 1br/1ba apartments with four off street parking spaces in front. All tenants are current on rents and all units are occupied. There is SIGNIFICANT rental upside for each unit and all units will be on MTM leases at the end of October 2021. This is a very easy to maintain building with unlimited potential and loads of upside.

Last Agent to Sell the Property

Josh Browar

The Browar Group License #01824454 Listed on: 06/07/2021

Last Buyer's Agent

Josh Browar

The Browar Group License #01824454 Listed on: 06/07/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Home Design

  • Stucco Exterior

Additional Features

  • 1-Story Property
  • Property is Fully Fenced

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 626-241-36-00

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Net Operating Income $34,132

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: Calla Ave
  • Neighborhood: Bayshore
  • LP / Sq Ft: 22.49
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 1956
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full

Condo/Co-op/Association

  • Community: IMPERIAL BEACH

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 626-241-36-00

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 34132
  • Gross Rent Multiplier Actual: 19.7
  • Gross Rent Multiplier Projected: 15.7
  • Number Of Buildings: 2
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4

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
Jun 7, 2021
Closed on
Sep 1, 2021
Sold by
Bought by
Seller's Agent
Josh Browar
The Browar Group
Buyer's Agent
Josh Browar
The Browar Group
List Price
$1,095,000
Sold Price
$1,075,000
Premium/Discount to List
-$20,000
-1.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$698,750
Outstanding Balance
$627,002
Interest Rate
3.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 2012
Sold by
Bought by

Purchase Details

Closed on
Sep 2, 2010
Sold by
Bought by

Purchase Details

Closed on
Sep 1, 2010
Sold by
Bought by

Purchase Details

Closed on
Jul 22, 2008
Sold by
Bought by
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$1,075,000 Chicago Title Company
-- None Available
$320,000 Chicago Title Company
-- Chicago Title Company
-- None Available
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 $698,750
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
09/08/2021 09/08/21 Sold $1,075,000 -1.8% $467 / Sq Ft
06/21/2021 06/21/21 Pending -- -- --
06/07/2021 06/07/21 For Sale $1,095,000 -- $475 / 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 $14,910 $1,163,613 $584,513 $579,100
2025 $13,861 $1,140,798 $573,052 $567,746
2024 $13,861 $1,118,430 $561,816 $556,614
2023 $13,841 $1,096,500 $550,800 $545,700
2022 $13,515 $1,075,000 $540,000 $535,000
2021 $10,581 $831,168 $437,457 $393,711
2020 $10,647 $822,646 $432,972 $389,674
2019 $10,387 $806,517 $424,483 $382,034
2018 $10,276 $790,704 $416,160 $374,544
2017 $9,984 $775,200 $408,000 $367,200
2016 $9,641 $760,000 $400,000 $360,000
2015 $4,867 $341,120 $234,520 $106,600
2014 $4,706 $334,439 $229,927 $104,512
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 210015597

San Diego MLS

APN: 626-241-36-00

Your Personal Tour Guide

Ask me questions while you tour the home.