NOT LISTED FOR SALE

Estimated Value: $831,714 - $979,000

4 Beds
2 Baths
1,536 Sq Ft
$597/Sq Ft Est. Value

Last Sold April 19, 2024

Last sale price $975,000 $635 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $5,758/month

11 Days on Market

Highlights

  • No HOA
  • Two cooling system units
  • Ceiling Fan
  • Neighborhood Views
  • Laundry Room
  • Turnkey

About This Home

As of April 2024

This stunning, fully remodeled duplex offers the perfect blend of modern convenience and timeless charm, making it an ideal investment opportunity or a cozy haven for you to call home. So many viable investment options, live in one unit and rent the other, multi-generational living with both units, and the entire property makes for a great investment. Plenty of room to add two ADU’s. The heart of the home is the family room and kitchen where both units are adorned with pristine white shaker cabinets and sparkling quartz countertops. Brand new appliances, including a gas range with stove and a stainless hood vent in the owner's unit, promise culinary delights for years to come. Upon entering these units, you will discover recessed lighting that illuminates every corner, highlighting the sleek vinyl plank flooring that flows seamlessly throughout. Naturally, bright bedrooms offer ceiling fans providing a gentle breeze, ensuring comfort all year round. Each bathroom is elegantly tiled, boasting new fixtures and hardware that exude sophistication and style. You'll appreciate the attention to detail in every corner of these rejuvenated spaces. Outside these two spacious units offer endless possibilities. Whether you choose to reside in the owner's unit and rent out the other for additional income, or rent out both units for maximum returns, this property is a savvy investment opportunity. Plus, with generous fenced lots, there's plenty of space for outdoor enjoyment and entertaining. Additional upgrades include new vinyl windows, and upgraded exterior lighting, ensuring peace of mind and efficiency for years to come. Centrally located near I5, schools, shopping, and the Chula Vista Harbor. Don’t miss your chance to own this fantastic investment property!

Last Agent to Sell the Property

Matthew DeLine

Keller Williams Realty Brokerage Email: DeLineRealty@gmail.com License #01709463 Listed on: 03/22/2024

Keller Williams Realty

Last Buyer's Agent

Pablo Martin

HomeSmart Realty West License #01437588

HomeSmart Realty West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,210

Year Built

  • Built in 1954

Lot Details

  • 6,871 Sq Ft Lot
  • 1 Common Wall
  • Back and Front Yard

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Duplex
  • Turnkey

Interior Spaces

  • 1,536 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Laminate Flooring
  • Neighborhood Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Location

  • Urban Location

Utilities

  • Two cooling system units
  • No Heating

Listing and Financial Details

  • Tax Lot 126/3
  • Tax Tract Number 3057
  • Assessor Parcel Number 5712100400

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $67,200
  • Net Operating Income $67,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,210

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 7.00
  • Other Phone Description: 800-746-9464
  • Other Phone Number: 800-746-9464
  • Price Per Unit: 497500
  • Property Attached: Yes
  • View: Yes
  • Zoning: R-2:MINOR MULTIPLE
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5712100400
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Entry Location: Main
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 634.77
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Main Floor Bedroom

Exterior Features

  • View: Neighborhood
  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: In Kitchen
  • Cooling: Dual
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Urban

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 6871.00
  • Lot Size Acres: 0.1577

Multi Family

  • Gross Income: 67200.00
  • Gross Scheduled Income: 67200.00
  • Lot Size Area: 6871.0000 Square Feet
  • Net Operating Income: 67200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Patio: 2
  • Rent Control: No

Tax Info

  • Tax Lot: 126/3
  • Tax Tract Number: 003057

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2024
Closed on
Apr 16, 2024
Sold by
Km Residential Investments Llc
Bought by
Chiang Enrique Y and Murillo Johnathan A
Seller's Agent
Matthew DeLine
Keller Williams Realty
Buyer's Agent
Pablo Martin
HomeSmart Realty West
List Price
$995,000
Sold Price
$975,000
Premium/Discount to List
-$20,000
-2.01%
Views
284
Current Estimated Value
$917,679

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$57,321
Avg. Annual Appreciation
-2.68%
Original Mortgage
$892,856
Outstanding Balance
$881,153
Interest Rate
6.88%
Mortgage Type
FHA
Estimated Equity
$58,225

Purchase Details

Closed on
Mar 23, 2010
Sold by
Speth Stephen Anthony and Doeden Katherine Frances
Bought by
Doeden Katherine Frances

Purchase Details

Closed on
Oct 8, 1999
Sold by
Doeden Katherine Frances
Bought by
The Lorene Frances Speth Family Ltd Prtn

Purchase Details

Closed on
Sep 27, 1999
Sold by
Speth Stephen Anthony
Bought by
The Lorene Frances Speth Family Ltd Prtn
Source: Public Records

Range of Values:

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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
Chiang Enrique Y $975,000 Fidelity National Title
Doeden Katherine Frances $233,500 None Available
The Lorene Frances Speth Family Ltd Prtn -- --
The Lorene Frances Speth Family Ltd Prtn -- --
The Lorene Frances Speth Family Ltd Prtn -- --
Speth Stephen Anthony -- --
Doeden Katherine Frances -- --
Speth Lorene Frances -- --
Speth Lorene Frances -- --
Speth Lorene Frances -- --
Speth Lorene Frances -- --
Speth Lorene Frances -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chiang Enrique Y $892,856
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2024 04/19/24 Sold $975,000 -2.0% $635 / Sq Ft
04/02/2024 04/02/24 Pending -- -- --
03/22/2024 03/22/24 For Sale $995,000 +26.8% $648 / Sq Ft
10/26/2023 10/26/23 Sold $785,000 +1.9% $511 / Sq Ft
10/26/2023 10/26/23 For Sale $770,000 -- $501 / Sq Ft
10/12/2023 10/12/23 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $9,210 $994,500 $663,000 $331,500
2024 $9,210 $785,000 $470,668 $314,332
2023 $3,441 $289,691 $173,692 $115,999
2022 $3,342 $284,012 $170,287 $113,725
2021 $3,265 $278,445 $166,949 $111,496
2020 $3,188 $275,591 $165,238 $110,353
2019 $3,106 $270,189 $161,999 $108,190
2018 $3,058 $264,892 $158,823 $106,069
2017 $2,994 $259,699 $155,709 $103,990
2016 $2,924 $254,607 $152,656 $101,951
2015 $2,883 $250,783 $150,363 $100,420
2014 $2,835 $245,871 $147,418 $98,453
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2402422

California Regional Multiple Listing Service (CRMLS)

APN: 571-210-04