NOT LISTED FOR SALE

Estimated Value: $723,771 - $925,000

3 Beds
2 Baths
1,260 Sq Ft
$632/Sq Ft Est. Value

Last Sold April 05, 2021

Last sale price $575,000 $456 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $4,868/month

26 Days on Market

Highlights

  • Partially Fenced Property
  • 1-Story Property
  • 3-minute walk to Allen Dennis V Park

About This Home

As of April 2021

Recently renovated 2BR/1BA and 1BR/1BA homes that are well located in a quiet, residential neighborhood of the 92102 zip code. Tenants pay individually metered gas and electric bills helping to keep the operating expenses low. Recent improvements include a new roof, windows, remodeled kitchen and bathrooms as well as plumbing and electrical upgrades. The large 6,000SF lot provides ample area to add an ADU to the site. Excellent opportunity for the homebuyer or investor!

Last Agent to Sell the Property

Sean Bascom

South Coast Commercial, Inc. License #01862044 Listed on: 01/20/2021

South Coast Commercial, Inc.

Last Buyer's Agent

Jennifer Phan

Millennium Homes License #01983793

Millennium Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,529

Year Built

  • Built in 1960

Lot Details

  • 6,011

Home Design

  • Composition Roof

Additional Features

  • 1-Story Property
  • Partially Fenced Property

Community Details

  • 2 Units
  • Net Operating Income $24,782

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane, hot water
  • Assessor Parcel Number 541-632-15-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,529

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: Market St
  • Neighborhood: Mount Hope
  • LP / Sq Ft: 19.89
  • Stories: 1 Story
  • Sale Price List Price: 0.97
  • Total Stories: 1
  • Year Built: 1960
  • 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: Wood/Stucco
  • Fencing: Partial
  • Roof: Composition

Condo/Co-op/Association

  • Community: SAN DIEGO

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 541-632-15-00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane, Hot Water

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 24782
  • Annual Expense Actual: 9557
  • Annual Expense Projected: 9557
  • Gross Rent Multiplier Actual: 16.8
  • Gross Rent Multiplier Projected: 14.6
  • Gross Sched Income Actual: 35400
  • Gross Sched Income Projected: 40680
  • Number Of Buildings: 1
  • Number Of Units With Dryers: 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

Listed on
Jan 20, 2021
Closed on
Mar 15, 2021
Sold by
Payan Olga Lidia
Bought by
Espinoza Jonathan
Seller's Agent
Sean Bascom
South Coast Commercial, Inc.
Buyer's Agent
Jennifer Phan
Millennium Homes
List Price
$595,000
Sold Price
$575,000
Premium/Discount to List
-$20,000
-3.36%
Current Estimated Value
$796,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$221,693
Avg. Annual Appreciation
7.53%
Original Mortgage
$564,585
Outstanding Balance
$506,964
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$289,729

Purchase Details

Closed on
Nov 10, 2015
Sold by
Payan Olga Lidia
Bought by
Payan Olga Lidia

Purchase Details

Closed on
Mar 20, 2006
Sold by
Payan Olga Lidia
Bought by
Payan Olga Lidia

Purchase Details

Closed on
Dec 12, 2005
Sold by
Payan Olga Lidia
Bought by
Payan Olga Lidia

Purchase Details

Closed on
May 3, 2004
Sold by
Inzunza Nicholas E
Bought by
Inzunza Nicholas E and Inzunza Olga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,900
Interest Rate
5.38%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 17, 1998
Sold by
Russell Richard L
Bought by
Inzunza Nicholas E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,500
Interest Rate
6.86%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 9, 1998
Sold by
Inzunza Olga L
Bought by
Inzunza Nicholas E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,500
Interest Rate
6.86%
Mortgage Type
Seller Take Back
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
Espinoza Jonathan $575,000 Ticor Title Company
Payan Olga Lidia -- None Available
Payan Olga Lidia -- None Available
Payan Olga Lidia -- --
Payan Olga Lidia -- --
Inzunza Nicholas E -- Commonwealth Land Title Co
Inzunza Nicholas E $127,500 Chicago Title Co
Inzunza Nicholas E -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Espinoza Jonathan $564,585
Previous Owner Inzunza Nicholas E $221,900
Previous Owner Inzunza Nicholas E $122,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/05/2021 04/05/21 Sold $575,000 -3.3% $456 / Sq Ft
02/16/2021 02/16/21 Pending -- -- --
02/09/2021 02/09/21 Price Changed $594,900 0.0% $472 / Sq Ft
02/06/2021 02/06/21 Price Changed $594,995 0.0% $472 / Sq Ft
01/20/2021 01/20/21 For Sale $595,000 -- $472 / 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 $7,529 $622,396 $378,850 $243,546
2024 $7,529 $610,193 $371,422 $238,771
2023 $7,363 $598,230 $364,140 $234,090
2022 $7,167 $586,500 $357,000 $229,500
2021 $2,300 $183,913 $79,645 $104,268
2020 $2,272 $182,028 $78,829 $103,199
2019 $2,232 $178,460 $77,284 $101,176
2018 $2,088 $174,962 $75,769 $99,193
2017 $2,038 $171,533 $74,284 $97,249
2016 $2,005 $168,171 $72,828 $95,343
2015 $1,975 $165,646 $71,735 $93,911
2014 $1,945 $162,402 $70,330 $92,072
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210001612

San Diego MLS

APN: 541-632-15