NOT LISTED FOR SALE

Estimated Value: $1,878,000 - $3,468,000

2 Beds
2 Baths
1,150 Sq Ft
$2,480/Sq Ft Est. Value

Last Sold December 28, 2014

Last sale price $995,000 $865 Per Sq Ft

Est. 187% increase in value since last sale

Current estimated payment $16,897/month

38 Days on Market

Highlights

  • Private Streets
  • Property is Fully Fenced
  • West of 5 Freeway
  • Pacific Beach Elementary School Rated A-
  • Level Lot
  • 3-minute walk to Mission Beach Park

About This Home

As of December 2014

Back on market, buyer did not perform. South Mission duplex on very nice Court, just 2 properties to the Oceanfront. EXISTING: Two single story 1BR units with attached 2-car garage +1 addl space. CAN BUILD: Two 3-story units with unobstructable ocean views, and panoramic roof decks, approx. 2640 sf total... The current units can be rented for approx. $1600 per month. Separate meters. Sold as-is. Value is primarily in the land, but the units can produce steady income. Very good opportunity here.

Last Agent to Sell the Property

Bob Ruane

Compass License #01073889 Listed on: 10/08/2014

Compass

Last Buyer's Agent

Bob Ruane

Compass License #01073889 Listed on: 10/08/2014

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,145

Year Built

  • Built in 1943

Lot Details

  • 2,400 Sq Ft Lot
  • Private Streets
  • Property is Fully Fenced
  • Level Lot

Parking

  • Alley Access

Home Design

  • Composition Roof
  • Stucco Exterior

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Additional Features

  • 1-Story Property
  • West of 5 Freeway

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 42369502

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,145

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Strandway
  • Neighborhood: South Mission Beach
  • Stories: 1 Story
  • Sale Price List Price: 0.95
  • Total Stories: 1
  • Year Built: 1943
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full
  • Roof: Composition

Utilities

  • Cooling: Wall/Window
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: MISSION BEACH

Lot Info

  • Lot Size: 1-3,999 SF
  • Site: Alley Access, Private Street, Rear Yd Str Access, Street Paved, West of I-5
  • Topography: Level
  • Assessor Parcel Number: 42369502
  • Land Use Code: dupl
  • Estimated Lot Dimensions: 30x80
  • Estimated Lot Sq Ft: 2400
  • Map Code Column: j
  • Map Code Page: 1267
  • Map Code Row: 3

Multi Family

  • No. of Units: 2
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 10, 2016
Sold by
Kotz Arthur F and Kotz Virginia A
Bought by
The Arthur F Kotz & Virginia A Kotz Revo and Kotz Virginia A
Total Days on Market
38
Current Estimated Value
$2,851,892

Purchase Details

Listed on
Oct 8, 2014
Closed on
Nov 21, 2014
Sold by
Bill Alexander Ford Lincoln Mercury Inc
Bought by
Kotz Arthur F and Kotz Virginia A
Seller's Agent
Bob Ruane
Compass
Buyer's Agent
Bob Ruane
Compass
List Price
$1,050,000
Sold Price
$995,000
Premium/Discount to List
-$55,000
-5.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.60%
Original Mortgage
$395,000
Outstanding Balance
$307,354
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$2,544,538

Purchase Details

Closed on
Jul 18, 2014
Sold by
Harrison William E
Bought by
Bill Alexander Ford Lincoln Mercury Inc

Purchase Details

Closed on
Jun 23, 2008
Sold by
Hines Jean E
Bought by
Harrison William E
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
The Arthur F Kotz & Virginia A Kotz Revo -- None Available
Kotz Arthur F $995,000 Chicago Title Company
Bill Alexander Ford Lincoln Mercury Inc $950,000 First American Title Company
Harrison William E $995,000 California Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kotz Arthur F $395,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2014 12/28/14 Sold $995,000 -5.2% $865 / Sq Ft
11/14/2014 11/14/14 Pending -- -- --
10/07/2014 10/07/14 For Sale $1,050,000 -- $913 / 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 $21,145 $1,716,977 $1,060,452 $656,525
2023 $20,678 $1,683,311 $1,039,659 $643,652
2022 $20,126 $1,650,306 $1,019,274 $631,032
2021 $19,987 $1,617,948 $999,289 $618,659
2020 $19,743 $1,601,359 $989,043 $612,316
2019 $19,391 $1,569,960 $969,650 $600,310
2018 $18,128 $1,539,178 $950,638 $588,540
2017 $17,710 $1,508,999 $931,999 $577,000
2016 $11,920 $1,010,173 $913,725 $96,448
2015 $11,744 $995,000 $900,000 $95,000
2014 $12,375 $1,045,239 $945,445 $99,794
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 140054947

San Diego MLS

APN: 423-695-02