NOT LISTED FOR SALE

715 B St Ramona, CA 92065

10 Beds
10 Baths
14,104 Sq Ft
14,810 Sq Ft Lot

Sale Details

Date Sold: October 28, 2020

Last sale price $2,980,000 $211 Per Sq Ft

118 Days on Market

About This Home

As of October 2020

DRAMATIC PRICE REDUCTION! Neighbor at 733 B St. is also for sale by same family. Seller has put almost $300k into massive rehab over past year including new fixtures, lighting, flooring, paint and water heaters. All units have washer/dryer hook-ups which generate extra rent. Each unit has individual water heaters. Tenants pay to heat their own water. New energy efficient appliances save tenants money. All units have private balconies and/or large private yards. Adding garage doors to carports could boost income even further. Maxable, adu consultants, think six units could be added because of density bonus law. Seller paid salaries to four staff to service four Ramona assets. New buyer does not need a resident manager, but might pay for a porter. Sewer, fire protection & other are collected via property tax billing. Lenders may require for first year reserves of 12 month principal and interest payment(buyer posts that extra money for first year and then gets remainder back after first year).

Last Agent to Sell the Property

Terry Moore

ACI Apartments License #00918512 Listed on: 02/12/2020

Last Buyer's Agent

Terry Moore

ACI Apartments License #00918512 Listed on: 02/12/2020

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.34

Home Design

  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 10 Bedrooms
  • 14,104 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 22 Parking Spaces
  • 20 Carport Spaces
  • Parking Available

Additional Homes

  • Number of ADU Units: 1

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Total Actual Rent $23,100

Community Details

Overview

  • 2 Buildings
  • 14 Units

Building Details

  • 14 Leased Units
  • Operating Expense $105,930

Property Details

Home Type

Multi-Family

Lot Details

0.34 Acres

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Unit Levels: 2 Story
  • Property Sub Type: Com-Res Income
  • CapRate: 5.0
  • Co List Office Mls Id: 61276
  • Living Area: 14104.0
  • Structure Type: Apartment
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-02-25T14:54:09Z
  • FullAddress: 715 B St.
  • NumofLeasedApartments: 14
  • ShortSale: No
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 10
  • Flooring: Vinyl, Wall to Wall Carpet

Exterior Features

  • Roof: Composition
  • Construction Type: Frame, Stucco

Garage/Parking

  • Carport Spaces: 20.0
  • Parking Features: Carports, Spaces
  • Total Parking Spaces: 22.0

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Multi Family

  • Number Of Buildings: 2
  • Number Of Units Total: 14
  • Annual Operating Expense: 105930.0
  • Total Actual Rent: 23100.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2020 10/28/20 Sold $2,980,000 -6.8% $211 / Sq Ft
06/11/2020 06/11/20 Pending -- -- --
05/07/2020 05/07/20 Price Changed $3,199,000 -9.2% $227 / Sq Ft
03/03/2020 03/03/20 Price Changed $3,525,000 -2.8% $250 / Sq Ft
02/13/2020 02/13/20 For Sale $3,625,000 -- $257 / Sq Ft
Source: San Diego MLS

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 $46,283 $2,576,186 $806,410 $1,769,776
2024 $46,283 $2,525,674 $790,599 $1,735,075
2023 $40,424 $2,476,152 $775,098 $1,701,054
2022 $42,672 $2,427,600 $759,900 $1,667,700
2021 $42,271 $2,380,000 $745,000 $1,635,000
2020 $38,157 $1,989,000 $591,600 $1,397,400
2019 $37,390 $1,950,000 $580,000 $1,370,000
2018 $28,559 $1,148,013 $161,681 $986,332
2017 $28,316 $1,125,504 $158,511 $966,993
2016 $27,467 $1,103,436 $155,403 $948,033
2015 $26,492 $1,086,862 $153,069 $933,793
2014 $25,522 $1,065,573 $150,071 $915,502
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 200007252

San Diego MLS

APN: 281-312-05-00

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