NOT LISTED FOR SALE

831 48th St Unit 33 San Diego, CA 92102

Chollas View Neighborhood

Estimated Value: $694,000 - $803,000

4 Beds
2 Baths
1,474 Sq Ft
$517/Sq Ft Est. Value

Last Sold October 27, 2017

Last sale price $448,000 $304 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $4,438/month

61 Days on Market

About This Home

As of October 2017

The subject property is situated on a large lot and has a strong unit mix of (2) two 2 Bedroom / 1 Bathroom units each with a single car garage. The property has been well maintained, has onsite laundry hook ups in the units, and yard space in the rear of the property. Some windows have been replaced as well as the gutters. The units are spacious and have a large hall closet as well as back doors.

Last Agent to Sell the Property

Benn Vogelsang

NorthMarq Multifamily License #01883437 Listed on: 07/14/2017

Last Buyer's Agent

Ginger Couvrette

Halcyon License #01915672

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,173

Year Built

  • Built in 1953

Lot Details

  • 6,050

Schools

  • San Diego Unified School District Elementary And Middle School
  • San Diego Unified School District High School

Additional Features

  • 1-Story Property
  • 6,050 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 541-543-07-00

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Net Operating Income $18,921

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,173

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: Hilltop
  • Neighborhood: Chollas View
  • LP / Sq Ft: 16.6
  • Stories: 1 Story
  • Sale Price List Price: 0.98
  • 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

Condo/Co-op/Association

  • Community: EAST SAN DIEGO

Schools

  • School District URL: https://www.sandiegounified.org/
  • Elementary School: San Diego Unified School District
  • Elementary School Website: https://www.sandiegounified.org/
  • High School: San Diego Unified School District
  • Middle School Url: https://www.sandiegounified.org/
  • Middle School: San Diego Unified School District

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 541-543-07-00
  • Land Use Code: R2
  • Estimated Lot Sq Ft: 6050

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 18921
  • Annual Expense Actual: 9597
  • Annual Expense Projected: 9597
  • Gross Rent Multiplier Actual: 15.6
  • Gross Rent Multiplier Projected: 12.0
  • Gross Sched Income Actual: 29400
  • Gross Sched Income Projected: 38400
  • Number Of Buildings: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 18, 2023
Sold by
Kesler Michael P and Kesler Kimberly K
Bought by
Kesler Family Trust
Current Estimated Value
$720,143

Purchase Details

Closed on
Oct 30, 2021
Sold by
Kesler Michael P and Kesler Kimberly K
Bought by
Kesler Michael P and Kesler Kimberly K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,500
Interest Rate
3.14%

Purchase Details

Listed on
Jul 14, 2017
Closed on
Sep 26, 2017
Sold by
Buzan Pfaff Stella and Twenty Two Eleven Family Trust
Bought by
Kesler Michael P and Kesler Kimberly K
Seller's Agent
Benn Vogelsang
NorthMarq Multifamily
Buyer's Agent
Ginger Couvrette
Halcyon
List Price
$499,000
Sold Price
$448,000
Premium/Discount to List
-$51,000
-10.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.57%
Original Mortgage
$336,000
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 13, 2015
Sold by
Buzan Pfaff Stella A
Bought by
Buzan Pfaff Stella A

Purchase Details

Closed on
Feb 13, 2004
Sold by
Pfaff Gerald P
Bought by
Pfaff Gerald P
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
Kesler Family Trust -- --
Kesler Michael P -- Wfg National Title Co Of Ca
Kesler Michael P $448,000 Stewart Title Of California
Buzan Pfaff Stella A -- None Available
Pfaff Gerald P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kesler Michael P $329,500
Previous Owner Kesler Michael P $329,500
Previous Owner Kesler Michael P $336,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2017 10/27/17 Sold $448,000 -2.4% $304 / Sq Ft
09/14/2017 09/14/17 Pending -- -- --
07/29/2017 07/29/17 Price Changed $459,000 -8.0% $311 / Sq Ft
07/14/2017 07/14/17 For Sale $499,000 -- $339 / 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 $6,173 $509,741 $318,589 $191,152
2024 $6,173 $499,747 $312,343 $187,404
2023 $6,036 $489,949 $306,219 $183,730
2022 $5,876 $480,343 $300,215 $180,128
2021 $5,836 $470,926 $294,329 $176,597
2020 $5,766 $466,099 $291,312 $174,787
2019 $5,663 $456,960 $285,600 $171,360
2018 $5,295 $448,000 $280,000 $168,000
2017 $488 $38,972 $10,528 $28,444
2016 $478 $38,209 $10,322 $27,887
2015 $472 $37,636 $10,167 $27,469
2014 $466 $36,899 $9,968 $26,931
Source: Public Records

Agents Affiliated with this Home

  • Benn Vogelsang

    Seller's Agent in 2017

    Benn Vogelsang

    NorthMarq Multifamily

    (415) 250-4947

    105 Total Sales

    Section Image
  • Ginger Couvrette

    Buyer's Agent in 2017

    Ginger Couvrette

    Halcyon

    (858) 243-5304

    102 Total Sales

    Section Image
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Map

Source: San Diego MLS

MLS Number: 170037013

San Diego MLS

APN: 541-543-07

California San Diego County San Diego 92102 Chollas View

831 48th St Unit 33, San Diego, CA

This home is located at 831 48th St Unit 33, San Diego, CA 92102 since 14 July 2017 and is currently estimated at $761,873, approximately $516 per square foot. This property was built in 1953. 831 48th St Unit 33 is a home located in San Diego County with nearby schools including Horton Elementary School, Millennial Tech Middle School, and Lincoln High School.

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