NOT LISTED FOR SALE
6 Beds
3 Baths
2,152 Sq Ft
7,562 Sq Ft Lot

Sale Details

Date Sold: December 16, 2024

Last sale price $1,280,000 $595 Per Sq Ft

64 Days on Market

Highlights

  • No HOA
  • Bike Trail
  • 1-Story Property
  • Park
  • No Heating

About This Home

As of December 2024

Beautifully renovated three units on a large lot across two structures. The back is a standalone 2-bed/1-bath house, and the front is a duplex with two additional 2-bed/1-bath units. Each unit is equipped with brand-new in-unit washers and dryers, updated kitchens, bathrooms, and fixtures. Plenty of parking. Located in Imperial Beach, close to local amenities and beach access. Strong rental demand and potential for long-term appreciation.

Last Agent to Sell the Property

Nick Hernandez

Top Gun CRE Brokerage Email: nickh@topguncre.com License #02207439 Listed on: 09/23/2024

Last Buyer's Agent

Tom Murray

Cleared To Climb Realty License #02201853

Cleared To Climb Realty
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 7,562 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 2,152 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 626-331-17-00
  • Tax Tract Number 14009
  • Assessor Parcel Number 6263311700
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Recreation

  • Park
  • Bike Trail

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $2,250
  • Trash Expense $1,520
  • Water Sewer Expense $2,880
  • New Taxes Expense $14,939
  • Operating Expense $25,789
  • Gross Income $90,000
  • Net Operating Income $61,511

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

7,562 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • CapRate: 4.75
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 2880.00
  • Zoning: R-2000
  • Property Type: Residential Income
  • Parcel Number: 6263311700
  • Year Built: 1965
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 594.80

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 1520.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Park

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7562.00
  • Lot Size Acres: 0.1736

Multi Family

  • Gross Income: 90000.00
  • Gross Scheduled Income: 90000.00
  • Insurance Expense: 2250.00
  • Lot Size Area: 7562.0000 Square Feet
  • Net Operating Income: 61511.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 25789.00
  • Rent Control: No
  • Total Expenses: 25789.00

Tax Info

  • New Taxes Expense: 14939.00
  • Tax Lot: 626-331-17-00
  • Tax Tract Number: 14009

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
Sep 23, 2024
Closed on
Dec 4, 2024
Sold by
Bought by
Seller's Agent
Nick Hernandez
Top Gun CRE
Buyer's Agent
Tom Murray
Cleared To Climb Realty
List Price
$1,295,000
Sold Price
$1,280,000
Premium/Discount to List
-$15,000
-1.16%
Views
51

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,307,520
Interest Rate
6.72%
Mortgage Type
VA

Purchase Details

Listed on
Mar 4, 2024
Closed on
Mar 15, 2024
Sold by
Bought by
Seller's Agent
Nick Hernandez
Top Gun CRE
Buyer's Agent
Junghee Schwartz
eXp Realty of California, Inc
List Price
$1,375,000
Sold Price
$815,000
Premium/Discount to List
-$560,000
-40.73%
Views
26

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
104.74%
Original Mortgage
$981,995
Interest Rate
6.87%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 1, 2021
Sold by
Bought by

Purchase Details

Closed on
Feb 4, 2021
Sold by
Bought by

Purchase Details

Closed on
Aug 7, 2005
Sold by
Bought by

Purchase Details

Closed on
Jun 7, 1984
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
$1,280,000 Corinthian Title
$815,000 Corinthian Title Company
-- None Available
-- None Available
-- --
$89,000 --
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
Open $1,285,545
Closed $1,307,520
Previous Owner $981,995
Previous Owner $186,300
Previous Owner $225,000
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 Prior Sale
12/16/2024 12/16/24 Sold $1,280,000 0.0% $595 / Sq Ft
11/13/2024 11/13/24 Off Market $1,280,000 -- --
09/23/2024 09/23/24 For Sale $1,295,000 +58.9% $602 / Sq Ft
05/01/2024 05/01/24 Sold $815,000 -40.7% $360 / Sq Ft View Prior Sale
03/21/2024 03/21/24 Pending -- -- --
03/04/2024 03/04/24 For Sale $1,375,000 -- $607 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $16,869 $1,305,600 $816,000 $489,600
2025 $12,092 $1,280,000 $800,000 $480,000
2024 $12,092 $925,956 $769,896 $156,060
2023 $12,210 $907,800 $754,800 $153,000
2022 $3,641 $182,312 $71,757 $110,555
2021 $3,458 $178,738 $70,350 $108,388
2020 $3,277 $176,906 $69,629 $107,277
2019 $3,247 $173,438 $68,264 $105,174
2018 $3,157 $170,038 $66,926 $103,112
2017 $3,329 $166,705 $65,614 $101,091
2016 $3,207 $163,437 $64,328 $99,109
2015 $2,953 $160,983 $63,362 $97,621
2014 $2,820 $157,830 $62,121 $95,709
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2405831

California Regional Multiple Listing Service (CRMLS)
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