NOT LISTED FOR SALE

Estimated Value: $678,000 - $818,000

4 Beds
2 Baths
1,470 Sq Ft
$527/Sq Ft Est. Value

Last Sold November 27, 2017

Last sale price $455,000 $310 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $4,728/month

90 Days on Market

Highlights

  • Gated Home
  • 1-Story Property
  • 4-minute walk to Hawk Pocket Park
  • Level Lot

About This Home

As of November 2017

Picture perfect duplex that is affordable for the first time investor or owner occupant, each unit is 2 bed 1 bath with (2) one car garages. Situated in Chollas View, which is known for the large numbers of Cholls Cactus, bordered by Webster and Hwy 94 to the North, Mount Hope and hwy 805 to the west, Emerald Hills and Euclid Ave to the east and Lincoln Park to the South. Major thoroughfares include Market & 47th Street plus the San Diego Trolly. As you can surmise, just minutes to SD Downtown/Coronado.

Last Agent to Sell the Property

Joe Carta

Joe Carta Realty License #00744190 Listed on: 07/06/2017

Last Buyer's Agent

Ines Polanco-Silva

ROA California Inc License #01361399

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,433

Year Built

  • Built in 1953

Lot Details

  • 6,227 Sq Ft Lot
  • Gated Home
  • Property is Fully Fenced
  • Level Lot

Parking

  • Alley Access

Home Design

  • Wood Roof

Interior Spaces

  • 1-Story Property

Schools

  • San Diego Unified School District Elementary And Middle School
  • San Diego Unified School District High School

Utilities

  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 541-551-09-00

Community Details

Overview

  • 2 Units
  • Chollas View Community

Building Details

  • Net Operating Income $15,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,433

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: Hilltop Drive
  • Neighborhood: Chollas View
  • LP / Sq Ft: 20.3
  • Stories: 1 Story
  • Sale Price List Price: 0.96
  • Total Stories: 1
  • Year Built: 1953
  • 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
  • Fencing: Full, Gate
  • Roof: Wood

Utilities

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

Condo/Co-op/Association

  • Complex Name: Chollas View
  • Community: EAST SAN DIEGO
  • Manager Name: Joe Carta
  • Manager Phone: 619-227-0949

Schools

  • School District URL: https://www.sandiegounified.org/
  • Elementary School: San Diego Unified School District
  • Elementary School Website: https://www.sandiegounified.org/
  • High School: San Diego Unified School District
  • Middle School Url: https://www.sandiegounified.org/
  • Middle School: San Diego Unified School District

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Curbs, Public Street, Sidewalks, Street Paved
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: R-2
  • Assessor Parcel Number: 541-551-09-00
  • Land Use Code: dupl
  • Estimated Lot Sq Ft: 6227
  • Water District URL: http://www.ci.san-diego.ca.us/water
  • Estimated Number of Acres: 0.14

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 15600
  • Annual Expense Actual: 8400
  • Annual Expense Projected: 12600
  • Gross Rent Multiplier Actual: 19.0
  • Gross Sched Income Actual: 24000
  • Gross Sched Income Projected: 36000
  • Number Of Buildings: 1
  • Number Of Units With Garage: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 24, 2022
Sold by
Jorge Arce
Bought by
Arce Norma Rebeca and Arce Jorge
Total Days on Market
90
Current Estimated Value
$774,322

Purchase Details

Listed on
Jul 6, 2017
Closed on
Nov 20, 2017
Sold by
Arce Rosa
Bought by
Arce Arturo
Seller's Agent
Joe Carta
Joe Carta Realty
Buyer's Agent
Ines Polanco-Silva
ROA California Inc
List Price
$475,000
Sold Price
$455,000
Premium/Discount to List
-$20,000
-4.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.34%
Original Mortgage
$439,305
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 6, 2017
Closed on
Oct 10, 2017
Sold by
Moss Martin and Moss Lianne B
Bought by
Arce Arturo and Arce Jorge
Seller's Agent
Joe Carta
Joe Carta Realty
Buyer's Agent
Ines Polanco-Silva
ROA California Inc
List Price
$475,000
Sold Price
$455,000
Premium/Discount to List
-$20,000
-4.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$439,305
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 21, 2007
Sold by
Moss Martin and Moss Lianne B
Bought by
Moss Martin and Moss Lianne B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.74%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 18, 2004
Sold by
Moss Martin and Moss Lianne
Bought by
Moss Martin and Moss Lianne B

Purchase Details

Closed on
May 1, 2000
Sold by
Moss Martin and Moss David
Bought by
Moss Martin and Moss Lianne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
8.18%
Source: Public Records

Range of Values:

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Average Value
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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
Arce Norma Rebeca -- None Listed On Document
Arce Arturo -- Ticor Title Co San Diego
Arce Arturo $455,000 Ticor Title Co San Diego
Moss Martin -- Accommodation
Moss Martin -- Stewart Title Of California
Moss Martin -- --
Moss Martin -- South Coast Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arce Arturo $439,305
Previous Owner Moss Marin $163,780
Previous Owner Moss Martin $150,000
Previous Owner Moss Martin $190,000
Previous Owner Moss Martin $157,500
Previous Owner Moss Martin $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2017 11/27/17 Sold $455,000 -4.2% $310 / Sq Ft
10/04/2017 10/04/17 Pending -- -- --
07/06/2017 07/06/17 For Sale $475,000 -- $323 / 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 $7,433 $602,311 $312,040 $290,271
2023 $7,268 $590,502 $305,922 $284,580
2022 $5,967 $487,849 $164,848 $323,001
2021 $5,927 $478,284 $161,616 $316,668
2020 $5,855 $473,380 $159,959 $313,421
2019 $5,751 $464,099 $156,823 $307,276
2018 $5,377 $455,000 $153,749 $301,251
2017 $1,354 $112,989 $38,180 $74,809
2016 $1,331 $110,775 $37,432 $73,343
2015 $1,311 $109,112 $36,870 $72,242
2014 $1,292 $106,975 $36,148 $70,827
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 170035122

San Diego MLS

APN: 541-551-09