NOT LISTED FOR SALE

Estimated Value: $733,000 - $856,000

8 Beds
4 Baths
2,280 Sq Ft
$350/Sq Ft Est. Value

Last Sold September 03, 2021

Last sale price $1,150,000 $504 Per Sq Ft

Est. 31% decrease in value since last sale

Current estimated payment $4,858/month

91 Days on Market

Highlights

  • Gated Community
  • Gated Home
  • 1-Story Property
  • City View
  • Level Lot
  • 5-minute walk to Allen Dennis V Park

About This Home

As of September 2021

4 unit property on 2 separate parcels. Nicely appointed complex features Four 2 bedroom 1 bath units and One studio unit. The units are beautifully built with granite counter tops, Caesar stone or hardwood floors, full back splashes new cabinetry, beautiful well appointed bathrooms with stone throughout. The units are always rented. Complex features a laundry room that the landlord gives free access to the tenants. Demand for these units is very strong. Current Income does not include studio unit. Owner does not charge for laundry. Could be an additional source of income or increased rent. Owner does not allow for parking on the grounds. Space for at least 4 cars. Could be an additional source of increased rent. Low to no maintenance costs. Two Parcels: APN #546-061-28-00 & #546-061-29-00

Last Agent to Sell the Property

Gerry Burchard

Burchard & Associates License #01916822 Listed on: 05/30/2021

Co-Listed By

Brenda Vejar

Berkshire Hathaway HomeServices California Properties License #01422988

Last Buyer's Agent

Joseph Ferem

Independent R. E. Brokers-serra Investments License #00269639

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,382

Year Built

  • Built in 1952

Lot Details

  • 6,189 Sq Ft Lot
  • Gated Home
  • Level Lot

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property
  • City Views

Listing and Financial Details

  • Tenant pays for water, electricity
  • Assessor Parcel Number 546-061-28-00

Community Details

Overview

  • 3 Buildings
  • 5 Units
  • 726 Raven Community

Additional Features

  • Net Operating Income $65,000
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,382

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: Market
  • Neighborhood: Mount Hope
  • Supplement: Two Parcels: APN #546-061-28-00 & #546-061-29-00
  • LP / Sq Ft: 18.18
  • Stories: 1 Story
  • Sale Price List Price: 0.96
  • Total Stories: 1
  • Year Built: 1952
  • 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: Gate
  • Roof: Composition
  • View: City

Utilities

  • Cooling: Central Forced Air
  • Security: Gated Community
  • Sewer/Septic: Sewer Connected

Condo/Co-op/Association

  • Complex Name: 726 Raven

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Public Street, Sidewalks, Street Paved
  • Topography: Level
  • Assessor Parcel Number: 546-061-28-00
  • Estimated Lot Sq Ft: 6189
  • Estimated Number of Acres: 0.15

Rental Info

  • Tenant Pays: Water, Electricity

Multi Family

  • No. of Units: 5
  • Actual Net Operating Income: 65000
  • Annual Expense Actual: 5000
  • Annual Expense Projected: 14000
  • Gross Rent Multiplier Actual: 16.66
  • Gross Rent Multiplier Projected: 5.7
  • Gross Sched Income Actual: 70000
  • Gross Sched Income Projected: 80000
  • Number Of Buildings: 3
  • Number Of Units With Cooling: 4
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 23, 2025
Sold by
David And Lanetta Rinehart Family Trust and Rinehart David Lee
Bought by
Dlj Management Llc
Current Estimated Value
$797,215

Purchase Details

Listed on
May 30, 2021
Closed on
Aug 27, 2021
Sold by
Morales Guadalupe H
Bought by
Rinehart David Lee and Rinehart Lanetta Diane
Seller's Agent
Gerry Burchard
Burchard & Associates
Buyer's Agent
Joseph Ferem
Independent R. E. Brokers-serra Investments
List Price
$1,200,000
Sold Price
$1,150,000
Premium/Discount to List
-$50,000
-4.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.59%
Original Mortgage
$325,000
Interest Rate
2.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2015
Sold by
Carrera Arturo
Bought by
Morales Guadalupe H

Purchase Details

Closed on
Apr 8, 2015
Sold by
Morales Guadalupe
Bought by
Morales Guadalupe

Purchase Details

Closed on
Mar 31, 1998
Sold by
Daniel Morales
Bought by
Morales Guadalupe

Purchase Details

Closed on
Jul 16, 1991
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
Dlj Management Llc -- None Listed On Document
Rinehart David Lee $575,000 California Title Company
Morales Guadalupe H -- Lawyers Title
Morales Guadalupe H -- Lawyers Title
Morales Guadalupe -- None Available
Morales Guadalupe -- --
-- $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rinehart David Lee $325,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/03/2021 09/03/21 Sold $1,150,000 -4.2% $504 / Sq Ft
08/30/2021 08/30/21 Pending -- -- --
06/27/2021 06/27/21 For Sale $1,200,000 0.0% $526 / Sq Ft
06/23/2021 06/23/21 Pending -- -- --
06/18/2021 06/18/21 For Sale $1,200,000 0.0% $526 / Sq Ft
06/09/2021 06/09/21 Pending -- -- --
05/30/2021 05/30/21 For Sale $1,200,000 -- $526 / 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 $7,382 $610,192 $221,870 $388,322
2024 $7,382 $598,228 $217,520 $380,708
2023 $7,219 $586,499 $213,255 $373,244
2022 $7,027 $575,000 $209,074 $365,926
2021 $1,694 $134,750 $48,996 $85,754
2020 $1,674 $133,369 $48,494 $84,875
2019 $1,644 $130,755 $47,544 $83,211
2018 $1,539 $128,192 $46,612 $81,580
2017 $82 $125,680 $45,699 $79,981
2016 $1,477 $123,216 $44,803 $78,413
2015 $1,455 $121,367 $44,131 $77,236
2014 -- $118,991 $43,267 $75,724
Source: Public Records

Agents Affiliated with this Home

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

Map

Source: San Diego MLS

MLS Number: 210014722

San Diego MLS

APN: 546-061-28