NOT LISTED FOR SALE

Estimated Value: $2,299,629 - $3,107,000

4 Beds
3 Baths
1,100 Sq Ft
$2,469/Sq Ft Est. Value

Last Sold January 12, 2015

Last sale price $1,387,000 $1,261 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $16,863/month

100 Days on Market

Highlights

  • Above Ground Spa
  • RV Garage
  • Partially Fenced Property
  • Pacific Beach Elementary School Rated A-
  • Community Barbecue Grill
  • 3-minute walk to South Mission Beach Park

About This Home

As of January 2015

STEPS TO BEACH!!! This stunning remodeled duplex boast 3 bedroom 2 baths with an open floor plan, skylights, quart counter tops with tile back splash. stainless steel appliances and a fire place. Attached 2 car garage. patio area. This unit gets $3,500/week from June 1st-Aug 31st then $3500/mo Sept 1st-May 31st. 2nd unit is a 1 bedroom/1 bath brings in $1500 during summer months and $1500/month during school. May convey furnished with the right offer.

Last Agent to Sell the Property

Linda Pasas

Pasas Properties License #01148603 Listed on: 08/06/2014

Co-Listed By

Kelly De Young

Pasas Properties License #01927568

Last Buyer's Agent

Betsy Heller

Achievers Realty, Inc License #01074985

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,129

Year Built

  • Built in 1955

Lot Details

  • 3,202 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding

Parking

  • Alley Access
  • RV Garage

Utilities

  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • 2-Story Property
  • Above Ground Spa

Community Details

  • 2 Units
  • Community Barbecue Grill
  • Net Operating Income $72,334

Listing and Financial Details

  • Tenant pays for fees
  • Assessor Parcel Number 423-743-01-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,129

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Strand Way
  • Neighborhood: South Mission Beach
  • Stories: 2 Story
  • Sale Price List Price: 0.93
  • Total Stories: 2
  • Year Built: 1955
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U2: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood
  • Fencing: Partial
  • Roof: Composition
  • Spa: Private Portable
  • Spa Heat: Gas

Garage/Parking

  • Parking for RV: Garage, Hook-ups

Utilities

  • Cooling: Central Forced Air
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial)
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Community: MISSION BEACH
  • Complex Features: BBQ

Lot Info

  • Lot Size: 1-3,999 SF
  • Site: Alley Access
  • Topography: Level
  • Assessor Parcel Number: 423-743-01-00
  • Land Use Code: R2
  • Estimated Lot Sq Ft: 3202
  • Map Code Column: J
  • Map Code Page: 1267
  • Map Code Row: 4

Rental Info

  • Tenant Pays: Other Fees

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 72334
  • Annual Expense Actual: 27666
  • Gross Rent Multiplier Actual: 14.23
  • Gross Sched Income Actual: 100000
  • Number Of Buildings: 1
  • Number Of Furnished Units: 1
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Dryers: 1
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2014
Closed on
Nov 25, 2014
Sold by
San Diego Midtown Properties Llc
Bought by
Barsell Richard A
Seller's Agent
Linda Pasas
Pasas Properties
Buyer's Agent
Betsy Heller
Achievers Realty, Inc
List Price
$1,495,000
Sold Price
$1,387,000
Premium/Discount to List
-$108,000
-7.22%
Total Days on Market
100
Current Estimated Value
$2,715,657

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,328,657
Avg. Annual Appreciation
6.66%
Original Mortgage
$400,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 8, 2013
Sold by
Wahl Nicole Kahm and Minniear Amy Ann Wahl
Bought by
San Diego Midtown Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 4, 2013
Sold by
Minniear Jason
Bought by
Wahl Minniear Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 26, 2012
Sold by
Wahl Mathistad Nicole Kahm
Bought by
Wahl Mathistad Nicole Kahm and Nicole Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 10, 2009
Sold by
Wahl Mathistad Nicole Kahm
Bought by
Wahl Mathistad Nicole Kahm

Purchase Details

Closed on
Jan 10, 1996
Sold by
Wahl John P and Wahl Merle L
Bought by
Wahl John Phillip and Wahl Merle Louise

Purchase Details

Closed on
May 26, 1989
Source: Public Records

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Range of Values:

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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
Barsell Richard A $1,387,000 Stewart Title Of California
San Diego Midtown Properties Llc $935,000 Stewart Title Company
Wahl Minniear Amy -- Stewart Title Company
Wahl Mathistad Nicole Kahm -- Stewart Title Company
Wahl Mathistad Nicole Kahm -- None Available
Wahl Minniear Amy -- None Available
Wahl Mathistad Nicole Kahm -- None Available
Wahl Merle L -- None Available
Wahl Mathistad Nicole Kahm -- None Available
Wahl Merle L -- None Available
Wahl Merle L -- None Available
Wahl Merle L -- None Available
Wahl John Phillip -- --
-- $388,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barsell Richard A $400,000
Previous Owner San Diego Mid Town Properties Llc $700,000
Previous Owner San Diego Mid Town Properties Llc $295,000
Previous Owner San Diego Midtown Properties Llc $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2015 01/12/15 Sold $1,387,000 -7.2% $1,261 / Sq Ft
11/14/2014 11/14/14 Pending -- -- --
08/06/2014 08/06/14 For Sale $1,495,000 -- $1,359 / 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
2024 $20,129 $1,634,274 $1,472,852 $161,422
2023 $19,684 $1,602,230 $1,443,973 $158,257
2022 $19,160 $1,570,814 $1,415,660 $155,154
2021 $19,027 $1,540,014 $1,387,902 $152,112
2020 $18,795 $1,524,224 $1,373,671 $150,553
2019 $18,460 $1,494,338 $1,346,737 $147,601
2018 $17,257 $1,465,038 $1,320,331 $144,707
2017 $80 $1,436,313 $1,294,443 $141,870
2016 $16,593 $1,408,151 $1,269,062 $139,089
2015 $11,310 $958,010 $855,549 $102,461
2014 $11,125 $939,244 $838,790 $100,454
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 140043252

San Diego MLS

APN: 423-743-01