NOT LISTED FOR SALE

Estimated Value: $2,035,000 - $4,870,000

2 Beds
2 Baths
1,400 Sq Ft
$2,508/Sq Ft Est. Value

Last Sold October 27, 2017

Last sale price $1,372,000 $980 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $20,762/month

6 Days on Market

Highlights

  • Ocean View
  • Partially Fenced Property
  • 2-minute walk to Mission Beach Pocket Park
  • Pacific Beach Elementary School Rated A-
  • Wood Siding

About This Home

As of October 2017

Superb Mission Beach Ocean View Location just one property back from Ocean Front Walk and the Pacific Ocean! Enjoy this Coastal Cottage Duplex, just steps to the sand. Two residential units on one lot. Detached front House is 2 Bed/1 Bath plus large Studio located over garage. Both units have knotty pine Kitchen and dining room. Beautiful Brick Fireplace. Unbelievable parking for the beach with 2 garage spaces plus 4+ additional spots. Central Location surrounded by Ocean, Bay, restaurants & shops. Exceptional opportunity for an Investor looking to add value. Potential to add on square footage, and/or re position this well located property to produce substantially more income. After rehab this could be a popular Vacation Rental, or your Home with additional Income Studio unit. . Check out the small brick backyard between the garage and the house. There is a half bathroom that is perfect for when you come back from the beach to clean up and keep the sand out. Washer/Dryer hookup in the garage.

Last Agent to Sell the Property

Greg Flaherty

Penny Realty License #01073434 Listed on: 09/29/2017

Last Buyer's Agent

Elsa Benedict

Compass License #01107823

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,508

Year Built

  • Built in 1935

Lot Details

  • 2,401 Sq Ft Lot
  • Partially Fenced Property

Property Views

  • Ocean Views

Home Design

  • Split Level Home
  • Composition Roof
  • Wood Siding

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 423-644-01-00

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Mission Beach Community

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $39,099

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,508

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Strandway
  • Neighborhood: Mission Beach
  • Supplement: Exceptional opportunity for an Investor looking to add value. Potential to add on square footage, and/or re position this well located property to produce substantially more income. After rehab this could be a popular Vacation Rental, or your Home with additional Income Studio unit. . Check out the small brick backyard between the garage and the house. There is a half bathroom that is perfect for when you come back from the beach to clean up and keep the sand out. Washer/Dryer hookup in the garage.
  • Stories: Split Level
  • Sale Price List Price: 1.01
  • Year Built: 1935
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood
  • Fencing: Partial
  • Roof: Composition
  • View: Ocean

Condo/Co-op/Association

  • Complex Name: Mission Beach
  • Pets Allowed: Yes
  • Community: MISSION BEACH

Lot Info

  • Lot Size: 1-3,999 SF
  • Assessor Parcel Number: 423-644-01-00
  • Land Use Code: 2+
  • Estimated Lot Sq Ft: 2401

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 39099
  • Annual Expense Actual: 7701
  • Gross Rent Multiplier Actual: 29.0
  • Gross Sched Income Actual: 46800
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2017
Closed on
Oct 11, 2017
Sold by
Thompson Robert James
Bought by
Thompson Lauren L
Seller's Agent
Greg Flaherty
Penny Realty
Buyer's Agent
Elsa Benedict
Compass
List Price
$1,359,000
Sold Price
$1,372,000
Premium/Discount to List
$13,000
0.96%
Total Days on Market
6
Current Estimated Value
$3,511,635

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,139,635
Avg. Annual Appreciation
12.14%

Purchase Details

Listed on
Sep 29, 2017
Closed on
Oct 10, 2017
Sold by
Malone Marcia Y
Bought by
Dahm Steven G and Dahm Margaret P
Seller's Agent
Greg Flaherty
Penny Realty
Buyer's Agent
Elsa Benedict
Compass
List Price
$1,359,000
Sold Price
$1,372,000
Premium/Discount to List
$13,000
0.96%

Purchase Details

Closed on
Aug 14, 2008
Sold by
Malone Marcia Y
Bought by
Malone Marcia Y

Purchase Details

Closed on
Aug 6, 2008
Sold by
Malone Marcia Y and Thompson Lauren L
Bought by
Malone Marcia Y and Thompson Lauren L

Purchase Details

Closed on
Apr 8, 1999
Sold by
Culver Mary E and Culver Lauren L
Bought by
Culver Mary E and Thompson Lauren L

Purchase Details

Closed on
Dec 15, 1997
Sold by
Culver Mary E
Bought by
Culver Mary E and Thompson Lauren L
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
Thompson Lauren L -- Chicago Title Company
Dahm Steven G $1,372,000 Chicago Title Company
Malone Marcia Y -- None Available
Malone Marcia Y -- None Available
Culver Mary E -- --
Culver Mary E -- --
Culver Mary E -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2017 10/27/17 Sold $1,372,000 +1.0% $980 / Sq Ft
10/06/2017 10/06/17 Pending -- -- --
09/29/2017 09/29/17 For Sale $1,359,000 -- $971 / 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 $25,508 $2,072,874 $1,478,061 $594,813
2023 $24,946 $2,032,230 $1,449,080 $583,150
2022 $24,281 $1,992,383 $1,420,667 $571,716
2021 $24,128 $1,953,317 $1,392,811 $560,506
2020 $17,604 $1,427,428 $1,378,530 $48,898
2019 $17,290 $1,399,440 $1,351,500 $47,940
2018 $16,165 $1,372,000 $1,325,000 $47,000
2017 $80 $95,000 $63,281 $31,719
2016 $1,151 $93,139 $62,041 $31,098
2015 $1,135 $91,741 $61,110 $30,631
2014 $1,112 $89,944 $59,913 $30,031
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 170051046

San Diego MLS

APN: 423-644-01