NOT LISTED FOR SALE

Estimated Value: $3,453,000 - $3,555,000

5 Beds
5 Baths
3,495 Sq Ft
$999/Sq Ft Est. Value

Last Sold August 08, 2017

Last sale price $1,920,000 $549 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $21,801/month

56 Days on Market

Highlights

  • Ocean View
  • Gated Home
  • 2-minute walk to Mission Beach Park
  • Pacific Beach Elementary School Rated A-
  • Level Lot

About This Home

As of August 2017

South Mission Beach duplex with great rental history. This property features a 1 bedroom first level unit and a 4-plus bedroom unit on the 2nd and 3rd floors. On the roof is a huge roof deck with amazing Ocean views. Located steps to the beach and on one of the best courts in South Mission. Both units have parking and wash/dryer in the units.

Last Agent to Sell the Property

Steve Springer

Compass License #01733282 Listed on: 03/31/2017

Compass

Co-Listed By

Blaine Smith

710BR License #01907578

Last Buyer's Agent

Trevor Pike

Compass License #01739847

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,361

Year Built

  • Built in 1987

Lot Details

  • 2,400 Sq Ft Lot
  • Gated Home
  • Level Lot

Home Design

  • Rolled or Hot Mop Roof
  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 3-Story Property
  • Ocean Views

Utilities

  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Vacation Rental by Owner
  • Assessor Parcel Number 423-694-11-00

Community Details

Overview

  • 2 Units
  • Devon Sands Community

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $75,495

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,361

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Mission Blvd and Devon Ct
  • Neighborhood: South Mission Beach
  • Stories: 3 Story
  • Sale Price List Price: 0.96
  • Total Stories: 3
  • Year Built: 1987
  • 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, Wood/Stucco
  • Fencing: Gate
  • Roof: Composition, Rolled/Hot Mop
  • View: Ocean

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas

Condo/Co-op/Association

  • Complex Name: Devon Sands
  • Pets Allowed: Yes
  • Community: MISSION BEACH
  • Manager Name: Blaine Smith
  • Manager Phone: 858-598-3137

Lot Info

  • Lot Size: 1-3,999 SF
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Assessor Parcel Number: 423-694-11-00
  • Land Use Code: R4
  • Estimated Lot Dimensions: 30x80
  • Estimated Lot Sq Ft: 2400
  • Water District URL: http://www.ci.san-diego.ca.us/water

Rental Info

  • Vacation Rental By Owner: Yes

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 75495
  • Annual Expense Actual: 62298
  • Gross Rent Multiplier Actual: 14.48
  • Gross Sched Income Actual: 137793
  • Number Of Buildings: 1
  • Number Of Furnished Units: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Fireplaces: 1
  • 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
  • Number Of Units With Washers: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2017
Closed on
Jun 27, 2017
Sold by
726 Devon Court Llc
Bought by
Sharp Gary and Sharp Susan
Seller's Agent
Steve Springer
Compass
Buyer's Agent
Trevor Pike
Compass
List Price
$2,100,000
Sold Price
$1,920,000
Premium/Discount to List
-$180,000
-8.57%
Total Days on Market
56
Current Estimated Value
$3,492,478

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,572,478
Avg. Annual Appreciation
7.12%
Original Mortgage
$1,497,600
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 25, 2005
Sold by
Smith Kenneth Charles and Smith Christina
Bought by
726 Devon Court Llc

Purchase Details

Closed on
Jan 5, 2005
Sold by
Hanson Hubert P and Hanson Andrea R
Bought by
Smith Kennith Charles and Smith Christina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,640,000
Interest Rate
5.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 3, 1999
Sold by
Flynn Paul J and Flynn Ann H
Bought by
Hanson Hubert P and Hanson Andrea R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,800
Interest Rate
7.04%

Purchase Details

Closed on
Aug 18, 1983
Source: Public Records

Similar Homes in the area

  • 342 Bonair St Unit 342-344, La Jolla, CA 92037

    $3,495,000

    • 7 Beds
    • 4 Baths
    • 2,800 Sq Ft
    • 342 Bonair St
    • Unit 342-344
    • La Jolla, CA

    Prime Windansea Beach Location – First Time on the Market in Over 60 Years! Seize this once-in-a-lifetime opportunity to own a coveted piece of coastal paradise just steps from the world-renowned Windansea Beach, famous for its iconic surf breaks, historic surf shack, and picturesque tide pools. This rare gem includes two duplexes, offering four separate units and four coveted off-street parking

    Kathleen Westwood Willis Allen Real Estate

    Section Image
  • 728 Jamaica Ct, San Diego, CA 92109

    $3,499,000

    • 4 Beds
    • 4 Baths
    • 728 Jamaica Ct
    • San Diego, CA

    Stunning, open, and spacious 3 bedroom 2.5 bath tri-level beach house that includes a separate 1-bedroom, 1-bath unit—perfect for guests, rental income, or extended family. The main house boasts over 1,900 square feet, with 3 bedrooms 2.5 baths and a 2 car garage. Enjoy breathtaking views of the ocean, SeaWorld fireworks, and the iconic roller coaster from your home. Experience relaxed, vibrant

    David Keefe Coldwell Banker West

    Section Image
  • 1759 Ocean Front St, San Diego, CA 92107

    $3,800,000

    • 4 Beds
    • 4 Baths
    • 2,112 Sq Ft
    • 1759 Ocean Front St
    • San Diego, CA

    Location! Location! Location! Opportunities Abound! Prime cliff top property with endless ocean views! The upper level of the lot features 4 detached, stand alone, Spanish Style bungalows. Each unit features 1 bedroom and 1 bathroom, a kitchen, and a living room. (Floor plans attached in Supplements) The front two units (1759 & 1761) are single story. The two rear units (1763 & 1765) are two

    Mark Leeper Pinnacle Estate Properties

    Section Image
  • 4768 72 Coronado Ave Ave, San Diego, CA 92107

    $2,999,000

    • 7 Beds
    • 5 Baths
    • 2,775 Sq Ft
    • 4768 72 Coronado Ave Ave
    • San Diego, CA

    There are 4 Units. Three of the units are residentially permitted. Construction for this property began in 1960. Originally it was a 3 unit project. Each unit included 2 bedrooms and 1 bathroom. several years after the 3 units were built the local telephone company entered into an agreement with the owner to add storage and office space to the building to begin internet services for the

    Dan Dennison TXR Homes

    Section Image
  • 4071 Riviera Dr, San Diego, CA 92109

    $3,125,000

    • 7 Beds
    • 5 Baths
    • 2,600 Sq Ft
    • 4071 Riviera Dr
    • San Diego, CA

    Rare Turnkey Crown Point compound just steps from Sail Bay, delivering projected 10%+ ROI across two separate, fully furnished units in a premier coastal location.Spanning over 2,600 sq ft across two APNs, this high-performing asset includes a 5-bed, 3.5-bath front home designed for short-term rental success—featuring three en-suites, two flex spaces, multiple patios, and a rooftop deck with

    Nilab Azizi Compass

    Section Image
  • 1215 Grand Ave, San Diego, CA 92109

    $3,495,000

    • 6 Beds
    • 6 Baths
    • 1215 Grand Ave
    • San Diego, CA

    Welcome to this immaculate duplex located blocks down from the sandy shores, offering the perfect blend of coastal living and turnkey investment potential. Both units were fully remodeled from Ground Up. Step into this completely transformed home, where every inch has been reimagined with care, quality, and a designer touch. This property has been taken down to the studs and rebuilt to meet

    Mason Ballard Weichert SoCal

    Section Image
  • 1951 Hornblend St Unit 55, San Diego, CA 92109

    $2,700,000

    • 7 Beds
    • 6 Baths
    • 3,200 Sq Ft
    • 1951 Hornblend St
    • Unit 55
    • San Diego, CA

    Great opportunity to buy a stabilized asset with 3 units remodeled. New owner can convert the garages to 2 additional 450SF studio ADU's or one big 2 bed 1 bath ADU by right increasing income. With 30 foot height limit in coastal pacific beach the rental market remains strong. Blocks away from Better Buzz, Trader Joes, Jersey Mikes, Vons and close enough to bay and ocean but far enough to

    Chris J. Luna Backyard Brokerage Inc.

    Section Image
  • 2931 Thorn St, San Diego, CA 92104

    $2,750,000

    • 3 Beds
    • 4 Baths
    • 2,060 Sq Ft
    • 2931 Thorn St
    • San Diego, CA

    North Park is one of San Diego’s first urban neighborhoods mixing both commercial and residential properties giving its owners a true sense of community in a walkable neighborhood. With the largest collection of bungalows in the nation, it is no wonder why so many buyers flock to this area to get a piece of history to call their own. Soon after the extension of the trolley line over the Switzer

    Evan Tando ANR Finance and Real Estate

    Section Image
  • 918 27th St, San Diego, CA 92102

    $4,350,000

    • 7 Beds
    • 5 Baths
    • 918 27th St
    • San Diego, CA

    3 LOT ASSEMBLY in Golden Hill in small QOZ zone! Property is comprised of 3 separate duplex lots. 918-922, 924-926, and 930-932. Property is zoned RM 2-5 with SDA overlay and Tier 3 Complete Communities meaning you can build up to 6.5X FAR. On this property that would be ~113,951 sq ft of buildable floor area on this site. With views of Coronado Bridge to expansive views of Downtown this property

    Andrew Greer Real Broker

    Section Image

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
Sharp Gary $1,920,000 Lawyers Title
726 Devon Court Llc -- Southland Title Of San Diego
Smith Kennith Charles $2,050,000 Southland Title Of San Diego
Hanson Hubert P $631,000 Chicago Title Co
-- $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sharp Gary $1,537,000
Closed Sharp Gary $1,497,600
Previous Owner Smith Kenneth Charles $300,000
Previous Owner Smith Kennith Charles $1,640,000
Previous Owner Hanson Hubert P $500,000
Previous Owner Hanson Hubert P $200,000
Previous Owner Hanson Hubert P $600,000
Previous Owner Hanson Hubert P $490,000
Previous Owner Hanson Hubert P $504,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2017 08/08/17 Sold $1,920,000 -3.8% $549 / Sq Ft
05/26/2017 05/26/17 Pending -- -- --
05/10/2017 05/10/17 Price Changed $1,995,000 -5.0% $571 / Sq Ft
03/31/2017 03/31/17 For Sale $2,100,000 -- $601 / 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 $26,361 $2,141,793 $1,784,828 $356,965
2023 $25,780 $2,099,798 $1,749,832 $349,966
2022 $25,093 $2,058,626 $1,715,522 $343,104
2021 $24,920 $2,018,262 $1,681,885 $336,377
2020 $24,616 $1,997,568 $1,664,640 $332,928
2019 $24,177 $1,958,400 $1,632,000 $326,400
2018 $22,602 $1,920,000 $1,600,000 $320,000
2017 $21,113 $1,800,000 $1,270,000 $530,000
2016 $21,195 $1,800,000 $1,270,000 $530,000
2015 $21,200 $1,800,000 $1,270,000 $530,000
2014 $20,094 $1,700,000 $1,200,000 $500,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 170015998

San Diego MLS

APN: 423-694-11