NOT LISTED FOR SALE

Estimated Value: $2,701,000 - $2,928,000

7 Beds
4 Baths
4,700 Sq Ft
$595/Sq Ft Est. Value

Last Sold January 30, 2024

Last sale price $2,775,000 $590 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $17,191/month

About This Home

As of January 2024

PERFECT FOR OWNER OCCUPANT OR SHORT TERM INVESTORS! MOTIVATED SELLER! House hack or AirBnb in an A+ location of San Diego. The potential on this property has something for everyone. The property is comprised of 2 parcels totaling 8,057 SF of prime real estate. The units are massive, over 1,000 SF each which could allow an investor to turn these into 3BR units easily. From there, both long term or short term rental income skyrockets the cashflow. The property is fully turnkey and already cashflows greatly for a buyer looking for an easy purchase to operate in a tremendous location. For developers, the parcels are in Complete Communities Tier 1, which allows NO LIMIT on FAR, though under the flight path. This is truly amazing real estate that is generational and rarely comes up for sale. Rents below reflect current and projected AirBnb income per the manager.

Last Agent to Sell the Property

Florian Sighe

The Browar Group License #02072593 Listed on: 02/28/2024

Last Buyer's Agent

Florian Sighe

The Browar Group License #02072593 Listed on: 02/28/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,424

Year Built

  • Built in 1965

Lot Details

  • 4,443

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 2-Story Property
  • Partially Fenced Property

Listing and Financial Details

  • Tenant pays for fees
  • Assessor Parcel Number 533-033-05-00

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Little Italy Community

Building Details

  • Net Operating Income $201,547

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,424

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: Juniper India
  • Neighborhood: Little Italy
  • Stories: 2 Story
  • Sale Price List Price: 0.96
  • Total Stories: 2
  • Year Built: 1965
  • 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: Partial
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: Little Italy
  • Community: DOWNTOWN

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Assessor Parcel Number: 533-033-05-00

Rental Info

  • Tenant Pays: Other Fees

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 201547
  • Annual Expense Actual: 46453
  • Gross Rent Multiplier Actual: 11.69
  • Gross Sched Income Actual: 248000
  • Number Of Buildings: 2
  • Number Of Furnished Units: 4
  • Number Of Units With Cooling: 4
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2024
Closed on
Jan 23, 2024
Sold by
Hasoun Ali
Bought by
Jain Family Living Trust and Jain
Seller's Agent
Florian Sighe
The Browar Group
Buyer's Agent
Florian Sighe
The Browar Group
List Price
$2,899,999
Sold Price
$2,775,000
Premium/Discount to List
-$124,999
-4.31%
Current Estimated Value
$2,796,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,873
Avg. Annual Appreciation
5.00%
Original Mortgage
$2,081,250
Outstanding Balance
$2,048,663
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$945,915

Purchase Details

Closed on
Jun 4, 2020
Sold by
Smith Clinton L and Lococo Antonina C
Bought by
Home Adopters Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,268,750
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 12, 2005
Sold by
Lococo Rosalie A
Bought by
Smith Clinton L and Lococo Antonina C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
6.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 8, 2005
Sold by
Lococo Rosalie A
Bought by
Lococo Rosalie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
6.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 22, 2004
Sold by
Lococo Rosalie A
Bought by
Lococo Rosalie A

Purchase Details

Closed on
Feb 1, 1994
Sold by
Lococo Antonina
Bought by
Lococo Rosalie A
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Date Buyer Sale Price Title Company
Jain Family Living Trust $2,775,000 Wfg National Title
Home Adopters Development Llc $3,025,000 Chicago Title
Smith Clinton L $600,000 Fidelity National Title
Lococo Rosalie A -- --
Lococo Rosalie A -- Lawyers Title
Lococo Rosalie A -- --
Lococo Rosalie A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jain Family Living Trust $2,081,250
Previous Owner Home Adopters Development Llc $105,000
Previous Owner Home Adopters Development Llc $2,500,000
Previous Owner Home Adopters Development Llc $150,000
Previous Owner Home Adopters Development Llc $2,268,750
Previous Owner Smith Clinton L $612,950
Previous Owner Smith Clinton L $650,000
Previous Owner Smith Clinton L $480,000
Previous Owner Lococo Rosalie A $565,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2024 02/28/24 For Sale $2,899,999 +4.5% $617 / Sq Ft
01/30/2024 01/30/24 Sold $2,775,000 -- $590 / 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
2025 $23,424 $1,611,600 $1,305,600 $306,000
2024 $23,424 $1,872,720 $1,560,600 $312,120
2023 $22,899 $1,739,100 $1,473,900 $265,200
2022 $21,541 $1,739,100 $1,473,900 $265,200
2021 $21,379 $1,705,000 $1,445,000 $260,000
2020 $9,591 $749,728 $687,258 $62,470
2019 $9,410 $735,029 $673,783 $61,246
2018 $8,803 $720,618 $660,572 $60,046
2017 $8,587 $706,489 $647,620 $58,869
2016 $8,441 $692,637 $634,922 $57,715
2015 $8,308 $682,234 $625,385 $56,849
2014 $8,168 $668,871 $613,135 $55,736
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 240004253

San Diego MLS

APN: 533-033-05