$721,000
SOLD SEP 25, 2020

767-69 Calla Ave Imperial Beach, CA 91932

4 Beds
2 Baths
-- Sq Ft
6,534 Sq Ft Lot

Recently Sold

3% Above List Price

98 Days on Market

Highlights

  • RV Access or Parking
  • Level Lot
  • 1-Story Property
  • Property is Fully Fenced
  • West of 5 Freeway

About This Home

As of October 2021

767-69 Calla Ave is a great entry level investment or Owner occupant opportunity, consisting of (2)2B/1b SFRs.Buildings are separately metered, tenants pay ALL utilities and landscaping upkeep.Front SFR has a detached garage with separate laundry and bonus room.Refurbished original hardwood floors throughout front house with several built-in closets.Each unit has a single car garage, large private yard and short proximity to the beach, restaurants, retail and transportation.

Last Agent to Sell the Property

Dennis Dillard

Keller Williams La Jolla License #02010625 Listed on: 03/10/2020

Keller Williams La Jolla

Last Buyer's Agent

Dennis Dillard

Keller Williams La Jolla License #02010625 Listed on: 03/10/2020

Keller Williams La Jolla

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,387

Year Built

  • Built in 1958

Lot Details

  • Property is Fully Fenced
  • Level Lot

Parking

  • RV Access or Parking

Home Design

  • Composition Roof

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Additional Features

  • 1-Story Property
  • West of 5 Freeway

Listing and Financial Details

  • Tenant pays for trash, water, electricity, gas/propane
  • Assessor Parcel Number 626-202-03-00

Community Details

Overview

  • 3 Buildings
  • 2 Units
  • Calla Duplex Community

Building Details

  • Net Operating Income $32,010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,387

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: Delaware St
  • Neighborhood: Dolphin Bay
  • LP / Sq Ft: 20.39
  • Stories: 1 Story
  • Sale Price List Price: 1.03
  • Total Stories: 1
  • Year Built: 1958
  • 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: Wood/Stucco
  • Fencing: Full
  • Roof: Composition

Garage/Parking

  • Parking for RV: On-Site Parking

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: Calla Duplex
  • Community: IMPERIAL BEACH

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: West of I-5
  • Topography: Level
  • Assessor Parcel Number: 626-202-03-00

Rental Info

  • Tenant Pays: Trash, Water, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 32010
  • Annual Expense Actual: 14550
  • Annual Expense Projected: 14450
  • Gross Rent Multiplier Actual: 14.6
  • Gross Rent Multiplier Projected: 13.9
  • Gross Sched Income Actual: 48000
  • Gross Sched Income Projected: 50400
  • Number Of Buildings: 3
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • 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
Sep 11, 2021
Closed on
Oct 25, 2021
Sold by
Elwekil Ahmed Gamal
Bought by
Thyberg Robert Charles
Seller's Agent
Michael Andrew
Americas Real Estate Agents
Buyer's Agent
Barry Cheung
eXp Realty of California, Inc
List Price
$1,250,000
Sold Price
$1,160,000
Premium/Discount to List
-$90,000
-7.2%
Current Estimated Value
$1,189,851

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,851
Avg. Annual Appreciation
2.03%
Original Mortgage
$1,201,760
Outstanding Balance
$1,103,002
Interest Rate
2.8%
Mortgage Type
VA
Estimated Equity
$148,373

Purchase Details

Closed on
Jun 19, 2020
Sold by
Manning Roger I
Bought by
Elwekil Ahmed Gamal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$746,956
Interest Rate
2.9%
Mortgage Type
VA

Purchase Details

Closed on
May 7, 2004
Sold by
Manning Hilda G
Bought by
Manning Roger I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,500
Interest Rate
5.5%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 10, 2000
Sold by
Evans Ronald D and Evans Georgia J
Bought by
Manning Roger I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,980
Interest Rate
8.25%
Mortgage Type
VA

Purchase Details

Closed on
May 6, 1994
Sold by
Evans Ronald D and Evans Georgia J
Bought by
Evans Ronald D and Evans Georgia J

Purchase Details

Closed on
Sep 12, 1986
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,160,000 Chicago Title Company
Grant Deed $721,000 Ticor Title Company
Interfamily Deed Transfer -- Ticor Title San Diego
Interfamily Deed Transfer -- Gateway Title
Grant Deed $199,000 California Title Company
Grant Deed -- --
Deed $108,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,201,760 VA
Previous Owner $746,956 VA
Previous Owner $150,000 Stand Alone Second
Previous Owner $35,000 Credit Line Revolving
Previous Owner $318,500 Stand Alone Refi Refinance Of Original Loan
Previous Owner $100,000 Credit Line Revolving
Previous Owner $210,985 VA
Previous Owner $202,980 VA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2021 10/28/21 Sold $1,160,000 +0.9% $744 / Sq Ft
10/07/2021 10/07/21 Pending -- -- --
10/01/2021 10/01/21 Price Changed $1,150,000 -3.0% $737 / Sq Ft
09/24/2021 09/24/21 Price Changed $1,185,000 -5.2% $760 / Sq Ft
09/11/2021 09/11/21 For Sale $1,250,000 +73.4% $801 / Sq Ft
09/25/2020 09/25/20 Sold $721,000 +3.0% --
06/17/2020 06/17/20 Pending -- -- --
06/09/2020 06/09/20 For Sale $700,000 0.0% --
05/12/2020 05/12/20 Pending -- -- --
04/17/2020 04/17/20 For Sale $700,000 0.0% --
03/10/2020 03/10/20 Pending -- -- --
03/10/2020 03/10/20 For Sale $700,000 -- --
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
2025 $15,387 $1,231,000 $1,018,759 $212,241
2024 $15,387 $1,206,864 $998,784 $208,080
2023 $15,211 $1,183,200 $979,200 $204,000
2022 $14,684 $1,160,000 $960,000 $200,000
2021 $9,328 $721,000 $560,000 $161,000
2020 $4,067 $279,652 $139,826 $139,826
2019 $3,935 $274,170 $137,085 $137,085
2018 $4,060 $268,796 $134,398 $134,398
2017 $140 $263,526 $131,763 $131,763
2016 $3,809 $258,360 $129,180 $129,180
2015 $3,449 $254,480 $127,240 $127,240
2014 $3,436 $249,496 $124,748 $124,748
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 200011952

San Diego MLS

APN: 626-202-03