NOT LISTED FOR SALE

Estimated Value: $2,044,000 - $2,498,000

4 Beds
2 Baths
-- Sq Ft
6,246 Sq Ft Lot

Last Sold February 26, 2021

Last sale price $1,500,000

Est. 50% increase in value since last sale

Current estimated payment $13,572/month

43 Days on Market

Highlights

  • Gated Home
  • Pacific Beach Elementary School Rated A-
  • 1-Story Property

About This Home

As of February 2021

Really cute and well maintained duplex 2-3 blocks from the beach. Both units are 2 bed/1 bath and are approx. 850sf. Both units have nice backyards with detached 1-car garages and 2 separate patios! Great vacation rental opportunity or re-development! The units have been well maintained over the years. Do not bother the tenants. All Covid-19 rules apply.

Last Agent to Sell the Property

Brian Connelly

Compass License #01230539 Listed on: 12/19/2020

Compass

Last Buyer's Agent

Brian Connelly

Compass License #01230539 Listed on: 12/19/2020

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,498

Year Built

  • Built in 1951

Lot Details

  • 6,246 Sq Ft Lot
  • Gated Home

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane, hot water
  • Assessor Parcel Number 415-322-04-00

Community Details

Overview

  • 2 Units
  • 836 838 Opal Community

Building Details

  • Net Operating Income $41,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,498

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Mission Blvd.
  • Neighborhood: Pacific Beach
  • Stories: 1 Story
  • Sale Price List Price: 0.88
  • Total Stories: 1
  • Year Built: 1951
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Gate
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: 836-838 Opal
  • Community: PACIFIC BEACH

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Zoning: R-2:MINOR
  • Assessor Parcel Number: 415-322-04-00
  • Estimated Lot Sq Ft: 6246
  • Estimated Number of Acres: 0.14
  • Map Code Column: H
  • Map Code Page: 1247
  • Map Code Row: 5

Rental Info

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

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 41200
  • Annual Expense Actual: 8000
  • Gross Rent Multiplier Actual: 9.06
  • Gross Sched Income Actual: 4100
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 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
  • Other Income Actual: 500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2020
Closed on
Feb 4, 2021
Sold by
Richard and Richard Elizabeth Dreisbach
Bought by
Solenzio Family Trust and Solenzio
Seller's Agent
Brian Connelly
Compass
Buyer's Agent
Brian Connelly
Compass
List Price
$1,699,000
Sold Price
$1,500,000
Premium/Discount to List
-$199,000
-11.71%
Current Estimated Value
$2,244,553

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$744,553
Avg. Annual Appreciation
9.12%
Original Mortgage
$235,700
Outstanding Balance
$211,288
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$2,033,265

Purchase Details

Closed on
Mar 31, 2011
Sold by
Dreisbach Richard H and Dreisbach Elizabeth
Bought by
Dreisbach Richard H and Dreisbach Elizabeth B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,000
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 15, 2003
Sold by
Dreisbach Richard H and Dreisbach Elizabeth B
Bought by
Dreisbach Richard H and Dreisbach Elizabeth B

Purchase Details

Closed on
Jan 21, 2000
Sold by
March Jordana
Bought by
Ishayik Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
7.84%

Purchase Details

Closed on
Dec 10, 1999
Sold by
Michael Ishayik
Bought by
Dreisbach Richard H and Dreisbach Elizabeth B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
7.84%

Purchase Details

Closed on
May 12, 1998
Sold by
Worret Edward R
Bought by
Ishayik Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,800
Interest Rate
7.17%

Purchase Details

Closed on
Jan 27, 1997
Sold by
Worret Edward R
Bought by
Worret Edward R

Purchase Details

Closed on
Apr 9, 1992
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
Solenzio Family Trust $1,500,000 Chicago Title
Dreisbach Richard H -- Westminster Title Co Inc
Dreisbach Richard H -- Westminster Title Co Inc
Dreisbach Richard H -- --
Ishayik Michael -- Southland Title
Dreisbach Richard H $446,000 Southland Title
Ishayik Michael $292,000 Chicago Title Co
Worret Edward R -- --
-- $255,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Solenzio Family Trust $235,700
Open Solenzio Family Trust $964,300
Previous Owner Dreisbach Richard H $238,000
Previous Owner Dreisbach Richard H $270,000
Previous Owner Ishayik Michael $262,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2021 02/26/21 Sold $1,500,000 -11.7% --
02/01/2021 02/01/21 Pending -- -- --
12/19/2020 12/19/20 For Sale $1,699,000 -- --
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 $19,498 $1,623,647 $1,434,222 $189,425
2024 $19,498 $1,591,811 $1,406,100 $185,711
2023 $19,067 $1,560,600 $1,378,530 $182,070
2022 $18,559 $1,530,000 $1,351,500 $178,500
2021 $7,836 $633,273 $496,969 $136,304
2020 $7,742 $626,781 $491,874 $134,907
2019 $7,604 $614,492 $482,230 $132,262
2018 $7,109 $602,444 $472,775 $129,669
2017 $80 $590,632 $463,505 $127,127
2016 $6,830 $579,052 $454,417 $124,635
2015 $6,729 $570,355 $447,592 $122,763
2014 $6,624 $559,184 $438,825 $120,359
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 200054291

San Diego MLS

APN: 415-322-04