$3,028,000
SOLD FEB 20, 2024
6 Beds
4 Baths
1,890 Sq Ft
2,292 Sq Ft Lot

Recently Sold

$1,602 Per Sq Ft

10% Above List Price

9 Days on Market

Highlights

  • Bay View
  • Community Barbecue Grill
  • Laundry Facilities
  • Pacific Beach Elementary School Rated A-
  • Zoned Heating and Cooling
  • 3-minute walk to Mission Point Park

About This Home

As of February 2024

Incredible, Turn-key, investment opportunity in South Mission. This Luxury w-unit building has undergone a full renovation, and shows like new! Two 3BR 2BA units make up the unit mix. One unit on the first level, and the other on the second level. The units are equipped with air-conditioning, fully renovated kitchens (w/center island and bar), upgraded bathrooms, master en-suite, and spacious open floor-plans. A large 2nd level balcony, and very spacious patio provide exceptional outdoor living. Amenities include outdoor dining, lounge area, shower, BBQ, and firepit. Alley access with 4 parking spaces, and a very level lot. NO HOA or MELLO ROOS. Projected monthly rents PER UNIT: $10,000 (short term rental), and $6,500 (long term rental).

Last Agent to Sell the Property

Monroe Herington

eXp Realty of California Inc License #01930053 Listed on: 02/05/2024

eXp Realty of California Inc

Last Buyer's Agent

Eugenia Garcia

Compass License #01372053

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $35,706

Year Built

  • Built in 1958

Lot Details

  • 2,292 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot

Parking

  • Alley Access

Interior Spaces

  • 2-Story Property
  • Bay Views

Location

  • West of 101 Freeway
  • West of 5 Freeway

Utilities

  • Zoned Heating and Cooling

Listing and Financial Details

  • Assessor Parcel Number 423-767-03-00

Community Details

Overview

  • 2 Units

Amenities

  • Community Barbecue Grill
  • Laundry Facilities

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$35,706

Year Built

Built in 1958

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
  • LP / Sq Ft: 23.15
  • Stories: 2 Story
  • Sale Price List Price: 1.1
  • Total Stories: 2
  • Year Built: 1958
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Fencing: Full
  • View: Bay

Utilities

  • Cooling: Zoned Area(s)
  • Sewer/Septic: Sewer Connected
  • Heat Equipment: Zoned Areas

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: MISSION BEACH
  • Complex Features: BBQ, Laundry Facilities

Lot Info

  • Lot Size: 1-3,999 SF
  • Site: Alley Access, Sidewalks, Street Paved, West of I-5, West of 101
  • Topography: Level
  • Zoning: MBPD-R-S
  • Assessor Parcel Number: 423-767-03-00
  • Estimated Lot Sq Ft: 2292
  • Estimated Number of Acres: 0.05
  • Map Code Column: J
  • Map Code Page: 1267
  • Map Code Row: 4

Multi Family

  • No. of Units: 2
  • Annual Expense Projected: 79200
  • Gross Rent Multiplier Projected: 13.8
  • Gross Sched Income Projected: 198000
  • Number Of Buildings: 1
  • Number Of Furnished Units: 2
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • 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
Feb 5, 2024
Closed on
Feb 15, 2024
Sold by
Saluda Grade Short Term Rental
Bought by
Anacapa Ct Llc
Seller's Agent
Monroe Herington
eXp Realty of California Inc
Buyer's Agent
Eugenia Garcia
Compass
List Price
$2,750,000
Sold Price
$3,028,000
Premium/Discount to List
$278,000
10.11%
Total Days on Market
9
Views
79
Current Estimated Value
$2,979,013

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$48,987
Avg. Annual Appreciation
-1.08%

Purchase Details

Listed on
Jan 26, 2022
Closed on
Mar 18, 2022
Sold by
Michael Timon Family Trust
Bought by
Saluda Grade Short Term Rental Inc
Seller's Agent
Michael Panissidi
Coldwell Banker West
Buyer's Agent
Michael Panissidi
Coldwell Banker West
List Price
$2,895,000
Sold Price
$2,790,000
Premium/Discount to List
-$105,000
-3.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.45%

Purchase Details

Listed on
Dec 18, 2020
Closed on
Feb 17, 2021
Sold by
Volpe Vincent and Volpe Maria
Bought by
Timon Michael J and The Michael Timon Family Trust
Seller's Agent
Lawrence Tollenaere
Coldwell Banker Realty
Buyer's Agent
Michael Panissidi
Coldwell Banker West
List Price
$2,175,000
Sold Price
$2,175,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.48%
Original Mortgage
$1,413,750
Interest Rate
3.15%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 30, 2016
Closed on
Jun 8, 2016
Sold by
Contreras Matias R and Contreras Madeline C
Bought by
Volpe Vincent and Volpe Marla
Seller's Agent
Catrina Russell
Coldwell Banker West
Buyer's Agent
Catrina Russell
Coldwell Banker West
List Price
$1,399,000
Sold Price
$1,368,000
Premium/Discount to List
-$31,000
-2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.32%

Purchase Details

Closed on
Jun 10, 1998
Sold by
Britton Frank R and Britton Anne E
Bought by
Contreras Matias R and Contreras Madeline C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,000
Interest Rate
7.06%

Purchase Details

Closed on
Apr 14, 1997
Sold by
Scripps Bank
Bought by
Britton Frank R and Britton Anne E

Purchase Details

Closed on
Dec 5, 1994
Sold by
Britton Madeline A
Bought by
Britton Madeline A

Purchase Details

Closed on
Jul 15, 1993
Sold by
Britton Madeline A
Bought by
Britton Madeline A
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 $2,978,000 First American Title
Grant Deed $2,790,000 Chicago Title
Grant Deed $2,175,000 First American Title Company
Grant Deed $1,368,000 Chicago Title Company
Grant Deed -- Commonwealth Land Title Ins
Quit Claim Deed -- --
Interfamily Deed Transfer -- --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,232,000 Construction
Previous Owner $1,413,750 New Conventional
Previous Owner $190,356 New Conventional
Previous Owner $237,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2024 02/20/24 Sold $3,028,000 +10.1% $1,602 / Sq Ft
02/15/2024 02/15/24 Pending -- -- --
02/05/2024 02/05/24 For Sale $2,750,000 -1.4% $1,455 / Sq Ft
04/04/2022 04/04/22 Sold $2,790,000 -3.6% $1,476 / Sq Ft
02/02/2022 02/02/22 Pending -- -- --
01/26/2022 01/26/22 For Sale $2,895,000 +33.1% $1,532 / Sq Ft
03/12/2021 03/12/21 Sold $2,175,000 0.0% $1,150 / Sq Ft
02/09/2021 02/09/21 Pending -- -- --
12/18/2020 12/18/20 For Sale $2,175,000 +59.0% $1,150 / Sq Ft
06/23/2016 06/23/16 Sold $1,368,000 -2.2% $723 / Sq Ft
06/02/2016 06/02/16 Pending -- -- --
04/30/2016 04/30/16 For Sale $1,399,000 -- $739 / 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 $35,706 $3,037,560 $2,672,400 $365,160
2024 $35,706 $2,902,716 $2,569,788 $332,928
2023 $34,919 $2,845,800 $2,519,400 $326,400
2022 $27,038 $2,218,500 $1,963,500 $255,000
2021 $18,486 $1,496,103 $1,312,373 $183,730
2020 $18,260 $1,480,764 $1,298,917 $181,847
2019 $17,935 $1,451,731 $1,273,449 $178,282
2018 $16,767 $1,423,267 $1,248,480 $174,787
2017 $16,380 $1,395,360 $1,224,000 $171,360
2016 $6,019 $507,726 $379,628 $128,098
2015 $5,931 $500,100 $373,926 $126,174
2014 $5,832 $490,305 $366,602 $123,703
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240002291

San Diego MLS

APN: 423-767-03