NOT LISTED FOR SALE
4 Beds
4 Baths
2,112 Sq Ft
6,867 Sq Ft Lot

Sale Details

Date Sold: February 7, 2024

Last sale price $1,100,000 $521 Per Sq Ft

27 Days on Market

Highlights

  • Corner Lot
  • Wood Siding
  • 1-Story Property

About This Home

As of February 2024

4-Units in National City, freeway close within walking distance of hospital, parks and shops. All Units are Single-Level, Cottage-Style with yards and substantial upside in rental income. This property is perfect for an owner-occupant or investor. It is in turnkey condition and has been extremely well-maintained by the current ownership.

Last Agent to Sell the Property

James V. Carter

Apartment Realty Group (ARG) License #01352336 Listed on: 12/20/2023

Last Buyer's Agent

Kaushal Patel

ENRG Realty, Inc. License #02048174

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 6,867 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property

Schools

  • National School District Elementary And Middle School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 557-220-01-00

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • National City Community

Building Details

  • Net Operating Income $47,696

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

6,867 Sq Ft Lot

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: E. 8th Street
  • Neighborhood: National City
  • LP / Sq Ft: 15.48
  • Stories: 1 Story
  • Sale Price List Price: 0.96
  • Total Stories: 1
  • Year Built: 1953
  • 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, Wood/Stucco
  • Roof: Composition

Utilities

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

Condo/Co-op/Association

  • Complex Name: National City
  • Community: NATIONAL CITY

Schools

  • Elementary School: National School District
  • Elementary School Website: http://nsd.us/
  • Middle School Url: http://nsd.us/
  • Middle School: National School District

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Corner Lot
  • Topography: Level
  • Water District: SWEETWATER AUTHORITY
  • Zoning: RS-3
  • Assessor Parcel Number: 557-220-01-00
  • Estimated Lot Sq Ft: 6867
  • Estimated Number of Acres: 0.16
  • Map Code Column: A
  • Map Code Page: 1290
  • Map Code Row: 7

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 47696
  • Gross Rent Multiplier Actual: 15.7
  • Gross Rent Multiplier Projected: 11.43
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 4
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 20, 2023
Closed on
Jan 24, 2024
Sold by
Bought by
Seller's Agent
James V. Carter
Apartment Realty Group (ARG)
Buyer's Agent
Kaushal Patel
ENRG Realty, Inc.
List Price
$1,179,000
Sold Price
$1,100,000
Premium/Discount to List
-$79,000
-6.7%
Views
211

Purchase Details

Closed on
Jun 13, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
4.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 12, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 23, 2009
Sold by
Bought by

Purchase Details

Closed on
Jan 27, 1994
Sold by
Bought by

Purchase Details

Closed on
Jan 6, 1994
Sold by
Bought by

Purchase Details

Closed on
Oct 14, 1993
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,100,000 Lawyers Title Company
-- Lawyers Title
$300,000 Fidelity National Title
-- None Available
-- --
-- North American Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $288,000
Previous Owner $200,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/07/2024 02/07/24 Sold $1,100,000 -4.3% $521 / Sq Ft
01/16/2024 01/16/24 Pending -- -- --
01/16/2024 01/16/24 Price Changed $1,149,000 -2.5% $544 / Sq Ft
12/20/2023 12/20/23 For Sale $1,179,000 -- $558 / Sq Ft
Source: San Diego MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $14,842 $1,144,440 $832,320 $312,120
2025 $5,981 $1,122,000 $816,000 $306,000
2024 $5,981 $379,638 $141,730 $237,908
2023 $5,776 $372,195 $138,951 $233,244
2022 $5,759 $364,898 $136,227 $228,671
2021 $5,584 $357,744 $133,556 $224,188
2020 $5,280 $354,077 $132,187 $221,890
2019 $5,416 $347,136 $129,596 $217,540
2018 $5,223 $340,330 $127,055 $213,275
2017 $60 $333,658 $124,564 $209,094
2016 $4,935 $327,117 $122,122 $204,995
2015 $4,890 $322,204 $120,288 $201,916
2014 $4,720 $315,893 $117,932 $197,961
Source: Public Records

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Map

Source: San Diego MLS

MLS Number: 230024217

San Diego MLS
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