NOT LISTED FOR SALE

Estimated Value: $892,000 - $923,000

6 Beds
3 Baths
1,748 Sq Ft
$522/Sq Ft Est. Value

Last Sold May 24, 2023

Last sale price $950,000 $543 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $5,932/month

9 Days on Market

About This Home

As of May 2023

Offering 3 permitted units featuring 3, 2 Bedrooms/1 Bath for a total of 6 bedrooms/3 baths rental property is now available. Calling all owner occupied buyers seeking solid rental income assistance to greatly reduce your own mortgage payment or non owner occupied Investors seeking a solid return on a hassle free rental income property. Current owner occupied sellers would be willing to stay on as renters or vacate for new owner occupied buyers. Luxury vinyl plank flooring, new kitchens/kitchen updating, mini-splits climate control in each unit as well as washer/dryers designated for each unit makes these units truly unique and independent. Subject has 3 SDGE gas & electric meters and 2 water meters. Each Unit has a private fenced in area. This is a Must See Opportunity!

Last Agent to Sell the Property

Dave Zimkin

Zimkin Realty License #01412774 Listed on: 05/01/2023

Last Buyer's Agent

Mark Otero

Real Broker License #02174091

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,941

Year Built

  • Built in 1953

Lot Details

  • 6,426 Sq Ft Lot
  • Property is Fully Fenced

Home Design

  • Rolled or Hot Mop Roof
  • Stucco Exterior

Additional Features

  • 1-Story Property
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for water, electricity
  • Assessor Parcel Number 5773230500

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Encanto Community

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $67,621

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,941

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: Glencoe
  • Neighborhood: Encanto
  • Stories: 1 Story
  • Sale Price List Price: 1.06
  • Total Stories: 1
  • Year Built: 1953
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full
  • Roof: Rolled/Hot Mop

Utilities

  • Cooling: Wall/Window

Condo/Co-op/Association

  • Complex Name: Encanto
  • Pets Allowed: Yes
  • Community: SAN DIEGO

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 5773230500
  • Estimated Lot Sq Ft: 6426

Rental Info

  • Tenant Pays: Water, Electricity

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 67621
  • Annual Expense Actual: 2000
  • Gross Rent Multiplier Actual: 11.71
  • Gross Sched Income Actual: 6400
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 3
  • Number Of Units With Dryers: 3
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2023
Closed on
May 9, 2023
Sold by
Givens Jevon and Givens Emma
Bought by
Luu Tai Tan and Luu Yen Thuc
Seller's Agent
Dave Zimkin
Zimkin Realty
Buyer's Agent
Mark Otero
Real Broker
List Price
$899,500
Sold Price
$950,000
Premium/Discount to List
$50,500
5.61%
Views
69
Current Estimated Value
$901,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$48,333
Avg. Annual Appreciation
-1.81%
Original Mortgage
$981,350
Interest Rate
6.27%
Mortgage Type
VA

Purchase Details

Closed on
Aug 9, 2019
Sold by
Eddington Sumayah
Bought by
Eddington David S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,358
Interest Rate
3.8%
Mortgage Type
VA

Purchase Details

Closed on
Aug 1, 2019
Sold by
Eddington David S
Bought by
Givens Jevon and Givens Emma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,358
Interest Rate
3.8%
Mortgage Type
VA

Purchase Details

Closed on
Dec 2, 2016
Sold by
Yoshii Jaime D and Yoshii Rocio
Bought by
Eddington David S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$407,253
Interest Rate
3.52%
Mortgage Type
VA

Purchase Details

Closed on
Mar 23, 2012
Sold by
Partida Mario Sanchez
Bought by
Yoshii Jaime D and Yoshii Rocio

Purchase Details

Closed on
Jan 6, 2011
Sold by
Yoshii Jaime D and Yoshii Rocio
Bought by
Partida Mario Sanchez

Purchase Details

Closed on
Sep 10, 2008
Sold by
Alvarez Gregoria
Bought by
Yoshii Jaime D and Yoshii Rocio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Interest Rate
6.49%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 12, 2005
Sold by
Zalazar G Victor Manuel
Bought by
Alvarez Gregoria

Purchase Details

Closed on
Oct 8, 2004
Sold by
Osequeda Rafael and Osequeda Carmy
Bought by
Alvarez Gregoria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,400
Interest Rate
5.69%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 24, 2003
Sold by
Osequeda Rafael
Bought by
Osequeda Rafael and Osequeda Carmy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
5.26%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 5, 2000
Sold by
Warner Sharon L House
Bought by
Osegueda Rafael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,941
Interest Rate
7.71%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 17, 1999
Sold by
House Sharon L
Bought by
Sharon Lee Warner Trust

Purchase Details

Closed on
Jan 20, 1989

Purchase Details

Closed on
Dec 11, 1987

Purchase Details

Closed on
Jun 8, 1984
Source: Public Records

Range of Values:

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Average Value
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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
Luu Tai Tan $950,000 First American Title
Eddington David S -- Ticor Title San Diego Branch
Givens Jevon $526,000 Ticor Title San Diego Branch
Eddington David S $400,000 First American Title Company
Yoshii Jaime D -- None Available
Partida Mario Sanchez -- None Available
Yoshii Jaime D $275,000 First American Title Company
Alvarez Gregoria -- Southland Title
Alvarez Gregoria $478,000 Southland Title
Osequeda Rafael -- Commonwealth Land Title Co
Osegueda Rafael $164,500 Equity Title Company
Sharon Lee Warner Trust -- --
-- $109,900 --
-- $92,500 --
-- $110,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luu Tai Tan $993,962
Closed Luu Tai Tan $981,350
Previous Owner Givens Jevon $651,644
Previous Owner Givens Jevon $551,745
Previous Owner Givens Jevon $543,358
Previous Owner Eddington David S $407,253
Previous Owner Yoshii Jaime D $206,250
Previous Owner Alvarez Gregoria $30,000
Previous Owner Alvarez Gregoria $382,400
Previous Owner Osegueda Rafael $38,000
Previous Owner Osequeda Rafael $256,000
Previous Owner Osegueda Rafael $162,941
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2023 05/24/23 Sold $950,000 +5.6% $543 / Sq Ft
05/11/2023 05/11/23 Pending -- -- --
05/01/2023 05/01/23 For Sale $899,500 -- $515 / 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 $11,941 $988,378 $766,940 $221,438
2024 $11,941 $968,999 $751,902 $217,097
2023 $7,023 $565,780 $439,021 $126,759
2022 $6,835 $565,780 $439,021 $126,759
2021 $6,786 $554,687 $430,413 $124,274
2020 $6,790 $549,000 $426,000 $123,000
2019 $5,160 $416,158 $179,960 $236,198
2018 $4,825 $407,999 $176,432 $231,567
2017 $4,711 $400,000 $172,973 $227,027
2016 $2,335 $196,290 $84,882 $111,408
2015 $2,301 $193,342 $83,607 $109,735
2014 $2,266 $189,556 $81,970 $107,586
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 230007848

San Diego MLS

APN: 577-323-05