NOT LISTED FOR SALE

Estimated Value: $659,000 - $830,000

4 Beds
2 Baths
1,502 Sq Ft
$514/Sq Ft Est. Value

Last Sold April 18, 2018

Last sale price $460,000 $306 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $4,865/month

31 Days on Market

Highlights

  • Cooling Available
  • Heating System Uses Natural Gas
  • 1-Story Property
  • Partially Fenced Property

About This Home

As of April 2018

Duplex with long term tenants for under $500K . Patio in front used for entertaining. Fenced yard. Close to Gompers Academy. Newer roof and the interior was upgraded a few years ago. Each unit has a one car garage with Alley access to the backyard. Both units are occupied by long-term tenants on Month to Month leases at $1025/month each. Tenants would like to remain, making this property a great candidate for a buy and hold investor looking for income property. Neighborhoods: Glenclift Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 772 Unit # for Unit 2: 774 Number of Furnished Units: 0 Topography: LL,GSL

Last Agent to Sell the Property

Mike White

Coldwell Banker West License #00805585 Listed on: 12/08/2017

Coldwell Banker West

Last Buyer's Agent

Santiago Orvananos

Casas Advisors License #01736139

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,337

Year Built

  • Built in 1953

Lot Details

  • 6,457 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • 2 Units
  • Net Operating Income $21,803

Listing and Financial Details

  • Tenant pays for sewer, water, cable TV, electricity, gas
  • Assessor Parcel Number 5415421300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,337

Year Built

Built in 1953

Lot Details

0

Listing Details

  • CapRate: 5.45
  • Subdivision Name Other: San Diego
  • Zoning: R-2:MINOR
  • Property Type: Residential Income
  • Parcel Number: 5415421300
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Appliances: Yes
  • Levels: One

Exterior Features

  • Fence: Yes
  • Fencing: Partial
  • Pool Private: No
  • Roof: Composition

Utilities

  • Heating: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Natural Gas
  • Cooling: Yes

Lot Info

  • Lot Size Sq Ft: 6457.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Sewer, Water, Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 24600.00
  • Lot Size Area: 6457.0000 Square Feet
  • Net Operating Income: 21803.00
  • Number Of Units Total: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2017
Closed on
Apr 4, 2018
Sold by
Basave Adalberto
Bought by
Balderrama Maria S
Seller's Agent
Mike White
Coldwell Banker West
Buyer's Agent
Santiago Orvananos
Casas Advisors
List Price
$460,000
Sold Price
$460,000
Total Days on Market
31
Current Estimated Value
$772,775

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$312,775
Avg. Annual Appreciation
9.32%
Original Mortgage
$451,668
Interest Rate
4.46%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 13, 2018
Sold by
Menefee Steven
Bought by
Balderrama Mike and Balderrama Maria S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$451,668
Interest Rate
4.46%
Mortgage Type
FHA
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 Buyer Sale Price Title Company
Balderrama Maria S -- Lawyers Title
Balderrama Mike -- Lawyers Title
Balderrama Mike $460,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Balderrama Mike $457,875
Previous Owner Balderrama Mike $451,668
Previous Owner Elie Viola B $0
Previous Owner Elle Viola B $332,500
Previous Owner Elie Viola B $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2018 04/18/18 Sold $460,000 0.0% $306 / Sq Ft
01/08/2018 01/08/18 Pending -- -- --
12/08/2017 12/08/17 For Sale $460,000 -- $306 / Sq Ft
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
2024 $6,337 $513,135 $334,654 $178,481
2023 $6,197 $503,075 $328,093 $174,982
2022 $6,033 $493,211 $321,660 $171,551
2021 $5,992 $483,541 $315,353 $168,188
2020 $5,919 $478,584 $312,120 $166,464
2019 $5,814 $469,200 $306,000 $163,200
2018 $514 $40,963 $10,738 $30,225
2017 $502 $40,161 $10,528 $29,633
2016 $492 $39,374 $10,322 $29,052
2015 $485 $38,783 $10,167 $28,616
2014 $479 $38,024 $9,968 $28,056
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 170061751

California Regional Multiple Listing Service (CRMLS)

APN: 541-542-13