NOT LISTED FOR SALE

Estimated Value: $2,672,000 - $3,128,000

5 Beds
2 Baths
2,400 Sq Ft
$1,184/Sq Ft Est. Value

Last Sold March 15, 2018

Last sale price $1,700,000 $708 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $17,307/month

187 Days on Market

Highlights

  • 0.08 Acre Lot
  • Corner Lot
  • Partially Fenced Property
  • Pacific Beach Elementary School Rated A-
  • Multiple Phone Lines
  • 4-minute walk to South Mission Beach Park

About This Home

As of March 2018

Welcome to Southern California, South Mission Beach in San Diego.This is your opportunity to own 2 Coastal Income Producing Units that are 4 minutes away from the Beach and The Bay. You Can Have The Best of Both Worlds:Bay and Beach, Vacation Rental or Long Term Rental, or Live In One and Rent the Other. Units are move-in ready, fully furnished and equipped for both vacation rentals and or long term rentals. Inventory list exceeds 30k. Each unit has own designated entrance & parking, 5 total parking spots The upstairs unit features an open floor plan with two spacious bedrooms, remodeled bath, spacious living room equipped with a fireplace and an additional TV sitting area, large open kitchen all accented with an open beamed ceiling and direct access to a spacious patio deck. Unit has its now laundry, 1 car garage parking and 2 open spaces. The downstairs unit offers a large private patio with direct access to the dining and spacious, open living area. This unit has three comfortable bedrooms and an upgraded bathroom, separate laundry 1 car garage and 1 parking spot.

Last Agent to Sell the Property

Ivana Milosevic

Coldwell Banker West License #01387089 Listed on: 08/04/2017

Coldwell Banker West

Co-Listed By

Christian van't Vile

Coldwell Banker West License #01397386

Last Buyer's Agent

Paolo Carifi

Coldwell Banker West License #01983761

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,262

Year Built

  • Built in 1954

Lot Details

  • 3,328 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Level Lot
  • Sprinkler System

Home Design

  • Composition Roof
  • Stone Exterior Construction

Schools

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

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater
  • Multiple Phone Lines
  • Cable TV Available

Additional Features

  • 2-Story Property
  • West of 5 Freeway

Listing and Financial Details

  • Vacation Rental by Owner
  • Assessor Parcel Number 423-746-17-00

Community Details

Overview

  • 2 Units
  • San Diego Surf Retreat I And II Community

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,262

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Mission Blvd
  • Neighborhood: South Mission Beach
  • Supplement: The upstairs unit features an open floor plan with two spacious bedrooms, remodeled bath, spacious living room equipped with a fireplace and an additional TV sitting area, large open kitchen all accented with an open beamed ceiling and direct access to a spacious patio deck. Unit has its now laundry, 1 car garage parking and 2 open spaces. The downstairs unit offers a large private patio with direct access to the dining and spacious, open living area. This unit has three comfortable bedrooms and an upgraded bathroom, separate laundry 1 car garage and 1 parking spot.
  • Stories: 2 Story
  • Sale Price List Price: 0.95
  • Total Stories: 2
  • Year Built: 1954
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Boat Facilities: No/Unknown
  • Exterior Material: Stone, Wood/Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial), Multiple Phones
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: San Diego Surf Retreat I and II
  • Pets Allowed: Yes
  • Community: MISSION BEACH
  • Manager Name: KTB
  • Manager Phone: 619-261-0400

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

  • Irrigation: Sprinklers
  • Lot Size: 1-3,999 SF
  • Site: Corner Lot, Public Street, Sidewalks, West of I-5
  • Topography: Level
  • Zoning: R-2:MINOR
  • Assessor Parcel Number: 423-746-17-00
  • Estimated Lot Sq Ft: 3328
  • Estimated Number of Acres: 0.08
  • Map Code Column: J
  • Map Code Page: 1267
  • Map Code Row: 4

Rental Info

  • Vacation Rental By Owner: Yes

Multi Family

  • No. of Units: 2
  • Gross Sched Income Actual: 91629
  • Gross Sched Income Projected: 121262
  • Number Of Buildings: 1
  • Number Of Furnished Units: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Fireplaces: 1
  • 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

Closed on
Feb 8, 2020
Sold by
Cadam Scott E and Cadam Jennifer J
Bought by
Cadam Scott E and Cadam Jennifer J
Current Estimated Value
$2,842,443

Purchase Details

Listed on
Aug 4, 2017
Closed on
Feb 23, 2018
Sold by
Burke Elisabeth
Bought by
Burke Michael P
Seller's Agent
Ivana Milosevic
Coldwell Banker West
Buyer's Agent
Paolo Carifi
Coldwell Banker West
List Price
$1,925,000
Sold Price
$1,700,000
Premium/Discount to List
-$225,000
-11.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.12%

Purchase Details

Closed on
Nov 27, 2017
Sold by
Burke Thomas Patrick and Burke Elsie Kathryn
Bought by
Cadam Scott E and Cadam Jennifer J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,275,000
Interest Rate
4.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2013
Sold by
Burke Thomas Patrick and Burke Elsie Kathryn
Bought by
Burke Thomas Patrick and Burke Elsie Kathryn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$699,300
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 2012
Sold by
Osullivan Robert J and Osullivan Eleanor L
Bought by
Osullivan Robert J and Osullivan Aleanor L

Purchase Details

Closed on
Dec 5, 2006
Sold by
Burke Thomas Patrick and Burke Elsie Kathryn
Bought by
Burke Thomas Patrick and Burke Elsie Kathryn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,036,200
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 15, 2004
Sold by
Cooper Gregory and Cooper Terry T
Bought by
Burke Thomas Patrick and Burke Elsie Kathryn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,080,000
Interest Rate
5.39%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 17, 2001
Sold by
Ware William L and Ware Suzanne H
Bought by
Cooper Gregory and Cooper Terry T

Purchase Details

Closed on
Jun 6, 1989

Purchase Details

Closed on
Feb 8, 1989
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Cadam Scott E -- None Available
Cadam Scott E -- None Available
Burke Michael P -- Corinthian Title Company In
Cadam Scott E $1,700,000 Corinthian Title Company Inc
Burke Thomas Patrick -- Lawyers Title
Burke Thomas Patrick -- Lawyers Title
Osullivan Robert J -- None Available
Burke Thomas Patrick -- New Century Title Company
Burke Thomas Patrick -- New Century Title Company
Burke Thomas Patrick $1,350,000 Chicago Title Co
Cooper Gregory $650,000 Chicago Title Co
-- $460,000 --
-- $390,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cadam Scott E $1,247,495
Previous Owner Cadam Scott E $1,275,000
Previous Owner Burke Thomas Patrick $655,000
Previous Owner Burke Thomas Patrick $699,300
Previous Owner Burke Thomas Patrick $1,036,200
Previous Owner Burke Thomas Patrick $1,080,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2018 03/15/18 Sold $1,700,000 -4.8% $708 / Sq Ft
02/08/2018 02/08/18 Pending -- -- --
10/28/2017 10/28/17 Price Changed $1,785,000 -5.8% $744 / Sq Ft
10/17/2017 10/17/17 Price Changed $1,895,000 0.0% $790 / Sq Ft
10/13/2017 10/13/17 Price Changed $1,895,001 0.0% $790 / Sq Ft
09/28/2017 09/28/17 Price Changed $1,895,000 -1.6% $790 / Sq Ft
08/04/2017 08/04/17 For Sale $1,925,000 -- $802 / 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
2025 $23,262 $1,934,305 $1,706,742 $227,563
2024 $23,262 $1,896,378 $1,673,277 $223,101
2023 $22,747 $1,859,195 $1,640,468 $218,727
2022 $22,139 $1,822,741 $1,608,302 $214,439
2021 $21,984 $1,787,002 $1,576,767 $210,235
2020 $21,801 $1,768,680 $1,560,600 $208,080
2019 $21,412 $1,734,000 $1,530,000 $204,000
2018 $19,864 $1,686,909 $1,187,086 $499,823
2017 $19,404 $1,653,833 $1,163,810 $490,023
2016 $19,098 $1,621,406 $1,140,991 $480,415
2015 $18,816 $1,597,052 $1,123,853 $473,199
2014 $18,512 $1,565,769 $1,101,839 $463,930
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 170040859

San Diego MLS

APN: 423-746-17