NOT LISTED FOR SALE

7421 Draper Ave La Jolla, CA 92037

The Village Neighborhood

Estimated Value: $2,482,000 - $2,954,000

4 Beds
3 Baths
1,500 Sq Ft
$1,814/Sq Ft Est. Value

Last Sold October 11, 2019

Last sale price $1,750,000 $1,167 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $16,365/month

38 Days on Market

About This Home

As of October 2019

Unique opportunity to acquire a multifamily in the heart of La Jolla, California. This fully renovated property is comprised of (1) two-bedroom, one-bathroom unit and (2) one-bedroom, one-bathroom units. Draper La Jolla offers meticulous - high end finishes throughout the property. Amenities include blue ocean views from the penthouse unit, ranges by Wolf, refrigerators by Subzero, marble spa bathrooms and in-unit washer dryers. The property is in close proximity to many top tier schools such as The Bisho

Last Agent to Sell the Property

Adam Cairo

Starker West, Inc. License #01948040 Listed on: 06/25/2019

Co-Listed By

Seth Watje

Starker West, Inc. License #01805453

Last Buyer's Agent

Tom Patterson

Patterson Investments License #01374573

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,084

Year Built

  • Built in 1930

Lot Details

  • 2,474

Home Design

  • Composition Roof

Additional Features

  • 2-Story Property
  • 2,474 Sq Ft Lot

Community Details

  • 3 Units
  • Net Operating Income $64,189

Listing and Financial Details

  • Assessor Parcel Number 350-602-08-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,084

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Pearl St
  • Neighborhood: La Jolla
  • LP / Sq Ft: 25.79
  • Stories: 2 Story
  • Sale Price List Price: 1.0
  • Total Stories: 2
  • Year Built: 1930
  • 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: Wood/Stucco
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: .
  • Community: LA JOLLA

Lot Info

  • Lot Size: 1-3,999 SF
  • Zoning: R-2:MINOR
  • Assessor Parcel Number: 350-602-08-00
  • Estimated Lot Sq Ft: 2474
  • Estimated Number of Acres: 0.06
  • Map Code Column: E
  • Map Code Page: 1227
  • Map Code Row: 7

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 64189
  • Annual Expense Actual: 27011
  • Annual Expense Projected: 27011
  • Gross Rent Multiplier Actual: 18.6
  • Gross Rent Multiplier Projected: 17.9
  • Gross Sched Income Actual: 94020
  • Gross Sched Income Projected: 97800
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2019
Sold by
Gamboa David and Gamboa Julie
Bought by
Kennedy N Alicia
Total Days on Market
38
Current Estimated Value
$2,721,282

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2017
Sold by
Gamboa David and Gamboa Julie
Bought by
Gamboa David and Gamboa Julie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jan 2, 2014
Closed on
Jan 30, 2014
Sold by
South California Llc
Bought by
Gamboa David and Gamboa Julie
Seller's Agent
Steven Cooper
Compass
Buyer's Agent
Non-Member Default
Default Non-Member Office
List Price
$1,100,000
Sold Price
$1,000,000
Premium/Discount to List
-$100,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.23%

Purchase Details

Closed on
Dec 19, 2012
Sold by
13231 Sundance Llc
Bought by
South California Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,153,000
Interest Rate
3.34%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jan 12, 2011
Sold by
Park Sean M and Park Michelle
Bought by
13231 Sundance Llc

Purchase Details

Closed on
Sep 29, 2010
Sold by
Park Sean and Park Michelle
Bought by
Park Sean M

Purchase Details

Closed on
Aug 13, 2007
Sold by
Park Sean M and Park Michelle
Bought by
Park Sean and Park Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
6.5%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 7, 2006
Sold by
Park Sean and Park Michelle
Bought by
Park Sean and Park Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$746,250
Interest Rate
6.25%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 15, 2006
Sold by
Rickmeier Allan
Bought by
Park Sean and Park Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$746,250
Interest Rate
6.25%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Kennedy N Alicia $1,750,000 Fidelity Natl Ttl San Diego
Gamboa David -- First American Title Company
Gamboa David $1,000,000 Chicago Title Company
South California Llc -- None Available
13231 Sundance Llc $800,500 None Available
Park Sean M -- None Available
Park Sean -- Accommodation
Park Sean M -- Old Republic Title Co Sd
Park Sean -- Chicago Title Co
Park Sean -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kennedy N Alicia $1,050,000
Previous Owner Gamboa David $840,000
Previous Owner South California Llc $1,153,000
Previous Owner Park Sean M $840,000
Previous Owner Park Sean $746,250
Previous Owner Jones Alice R $277,000
Previous Owner Jones Alice R $225,000
Previous Owner Jones Alice R $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2019 10/11/19 Sold $1,750,000 0.0% $1,167 / Sq Ft
08/03/2019 08/03/19 Pending -- -- --
06/25/2019 06/25/19 For Sale $1,750,000 +75.0% $1,167 / Sq Ft
02/14/2014 02/14/14 Sold $1,000,000 -9.1% --
01/10/2014 01/10/14 Pending -- -- --
12/31/2013 12/31/13 For Sale $1,100,000 -- --
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 $23,084 $1,876,350 $1,769,131 $107,219
2023 $22,575 $1,839,560 $1,734,443 $105,117
2022 $21,975 $1,803,491 $1,700,435 $103,056
2021 $21,825 $1,768,130 $1,667,094 $101,036
2020 $21,560 $1,750,000 $1,650,000 $100,000
2019 $13,576 $1,098,914 $1,016,497 $82,417
2018 $12,692 $1,077,367 $996,566 $80,801
2017 $12,390 $1,056,243 $977,026 $79,217
2016 $12,193 $1,035,533 $957,869 $77,664
2015 $12,013 $1,019,979 $943,481 $76,498
2014 $9,704 $820,216 $745,931 $74,285
Source: Public Records

Agents Affiliated with this Home

  • Adam Cairo

    Seller's Agent in 2019

    Adam Cairo

    Starker West, Inc.

    (619) 300-0173

    38 Total Sales

    Adam Cairo
    Section Image
  • Seth Watje

    Seller Co-Listing Agent in 2019

    Seth Watje

    Starker West, Inc.

    (619) 358-3748

    34 Total Sales

    Seth Watje
    Section Image

  • T

    Buyer's Agent in 2019

    Tom Patterson

    Patterson Investments

  • K

    Buyer's Agent in 2019

    Kerri Klein

    Kerri Klein, Broker

    Section Image

  • S

    Seller's Agent in 2014

    Steven Cooper

    Compass

  • N

    Buyer's Agent in 2014

    Non-Member Default

    Default Non-Member Office

See All Agents

Map

Source: San Diego MLS

MLS Number: 190035072

San Diego MLS

APN: 350-602-08

California San Diego County La Jolla 92037 The Village

7421 Draper Ave, La Jolla, CA

This home is located at 7421 Draper Ave, La Jolla, CA 92037 since 25 June 2019 and is currently estimated at $2,721,282, approximately $1,814 per square foot. This property was built in 1930. 7421 Draper Ave is a home located in San Diego County with nearby schools including La Jolla Elementary School, Muirlands Middle School, and La Jolla High School.

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