$1,300,000
SOLD DEC 27, 2022
2 Beds
2 Baths
1,240 Sq Ft
2,400 Sq Ft Lot

Recently Sold

$1,048 Per Sq Ft

5% Below List Price

14 Days on Market

Highlights

  • Partially Fenced Property
  • Level Lot
  • 3-minute walk to Mission Beach Park
  • Pacific Beach Elementary School Rated A-
  • West of 5 Freeway

About This Home

As of December 2022

Two units (a duplex) for sale in South Mission Beach for a terrific investment property and/or a redevelopment opportunity. Situated on a 30 ft by 80 ft lot (2,400 sqft), the property features two units each of approximately 620 sqft both configured as: 1 bedroom + dining room/den, and 1 bathroom. Units have exclusive-use outdoor spaces and a bonus front yard area along the court. Property includes one 2-car garage, a shared laundry room, and a storage room. Redevelopment of this property may allow a total of two dwellings totaling 2,640 sqft. *** For an even greater income or development opportunity, lookup the two next-door properties that are separately also for sale: 805-807 Dover Ct (2,400 sqft lot) and 2941-2943 Mission Blvd (3,414 sqft corner lot). *** Great walkability to the bay, ocean, shops and restaurants.

Last Agent to Sell the Property

Steve Cairncross

Berkshire Hathaway HomeServices California Properties License #00859218 Listed on: 11/02/2022

Berkshire Hathaway HomeServices California Properties

Co-Listed By

Patrick Cairncross

Berkshire Hathaway HomeServices California Properties License #01984531

Last Buyer's Agent

Alex Rojas

Shore Point Real Estate License #01400985

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,343

Year Built

  • 1948

Lot Details

  • 2,400 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Parking

  • Alley Access

Home Design

  • Rolled or Hot Mop Roof

Utilities

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

Additional Features

  • 2-Story Property
  • West of 5 Freeway

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 423-704-03-00

Community Details

Overview

  • 2 Units
  • 809 811 Dover Community

Building Details

  • Net Operating Income $41,676

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,343

Year Built

1948

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Coastal South
  • Cross Street: Mission Blvd
  • Neighborhood: Mission Beach
  • Stories: 2 Story
  • Sale Price List Price: 0.95
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1948

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Partial
  • Roof: Rolled/Hot Mop

Utilities

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

Condo/Co-op/Association

  • Complex Name: 809-811 Dover
  • Community: MISSION BEACH

Lot Info

  • Lot Size: 1-3,999 SF
  • Site: Alley Access, Curbs, Public Street, Sidewalks, Street Paved, West of I-5
  • Topography: Level
  • Assessor Parcel Number: 423-704-03-00
  • Estimated Lot Sq Ft: 2400

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 41676
  • Gross Rent Multiplier Actual: 33.0
  • Gross Rent Multiplier Projected: 27.0
  • Gross Sched Income Actual: 41676
  • Gross Sched Income Projected: 50400
  • Number Of Buildings: 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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2022
Closed on
Oct 28, 2022
Sold by
Ready John T and Ready Martha R
Bought by
Ready Iii Trust
Seller's Agent
Steve Cairncross
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Alex Rojas
Shore Point Real Estate
List Price
$1,375,000
Sold Price
$1,300,000
Premium/Discount to List
-$75,000
-5.45%
Views
4
Current Estimated Value
$2,003,094

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$703,094
Avg. Annual Appreciation
13.65%

Purchase Details

Closed on
May 5, 2006
Sold by
Ready Iii Trust
Bought by
Babureck Steve and Inostroza Lydia
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 -- --
Grant Deed -- --
Grant Deed $2,600,000 Chicago Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/28/2023 11/28/23 Rented $3,990 0.0% --
09/21/2023 09/21/23 Price Changed $3,990 -11.3% $6 / Sq Ft
09/13/2023 09/13/23 Price Changed $4,500 -18.2% $7 / Sq Ft
09/06/2023 09/06/23 For Rent $5,500 0.0% --
12/27/2022 12/27/22 Sold $1,300,000 -5.5% $1,048 / Sq Ft
11/17/2022 11/17/22 Pending -- -- --
11/02/2022 11/02/22 For Sale $1,375,000 -- $1,109 / 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 $16,343 $1,352,520 $1,217,268 $135,252
2024 $16,343 $1,326,000 $1,193,400 $132,600
2023 $1,516 $119,197 $78,588 $40,609
2022 $1,474 $116,861 $77,048 $39,813
2021 $1,463 $114,571 $75,538 $39,033
2020 $1,444 $113,397 $74,764 $38,633
2019 $1,419 $111,175 $73,299 $37,876
2018 $1,329 $108,996 $71,862 $37,134
2017 $1,309 $106,859 $70,453 $36,406
2016 $1,287 $104,765 $69,072 $35,693
2015 $1,269 $103,192 $68,035 $35,157
2014 $1,244 $101,172 $66,703 $34,469
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 220027251

San Diego MLS

APN: 423-704-03