Seller's Agent in 2023
Sean Bascom
South Coast Commercial, Inc.
(619) 916-9179
2 in this area
24 Total Sales
838 41st St San Diego, CA 92102
Mount Hope NeighborhoodEstimated Value: $751,375 - $1,643,000
5
Beds
2
Baths
4,440
Sq Ft
$231/Sq Ft
Est. Value
About This Home
As of August 2023The 41st Street apartments consists of three duplexes, each containing one 3BR/1BA and one 2BR/1BA unit. This property is located in the 92102 zip code just south and east of the rapidly gentrifying areas of Logan Heights, Sherman Heights, and City Heights. The duplexes are situated on a large, 9,628sqft lot, with 4,440sqft of improved space and pitched composition shingle roofs. The property features a highly desirable unit mix with three 3BR/1BA's and 3 2BR/1BA's. Tenants enjoy a private and fenced patio for each unit, communal laundry room, hard surface interiors and updated kitchens. The property has SIGNIFICANT with the potential to achieve north of a 7% pro-forma capitalization rate through an extensive remodel, rents are currently well below what the area will support for a renovated unit.
Last Agent to Sell the Property
South Coast Commercial, Inc. License #01862044 Listed on: 06/19/2023
Property Details
Home Type
- Multi-Family
Lot Details
- 9,628
Home Design
- Stucco
Interior Spaces
- 5 Bedrooms
- 4,440 Sq Ft Home
- 1-Story Property
Additional Features
- 9,628 Sq Ft Lot
- Number of ADU Units: 3
Community Details
Overview
- 3 Buildings
- 6 Units
Building Details
- 6 Leased Units
- Operating Expense $41,802
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 19, 2023
Closed on
Jul 24, 2023
Sold by
Acent Group Lp
Bought by
Jjjm Living Trust and Selfani
Seller's Agent
Sean Bascom
South Coast Commercial, Inc.
Buyer's Agent
Melvina Selfani
Century 21 Affiliated
List Price
$1,595,000
Sold Price
$1,575,000
Premium/Discount to List
-$20,000
-1.25%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$550,156
Avg. Annual Appreciation
-15.18%
Original Mortgage
$879,400
Outstanding Balance
$854,550
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$170,294
Purchase Details
Closed on
May 2, 2012
Sold by
Anadava Inc
Bought by
Acent Group Lp
Purchase Details
Closed on
Oct 14, 2011
Sold by
Teran Mario
Bought by
Anadava Inc
Purchase Details
Closed on
Oct 3, 2008
Sold by
Anadava Inc
Bought by
Teran Mario
Purchase Details
Closed on
Mar 6, 2008
Sold by
Moreno George Jerry and Moreno Marilou Llamas
Bought by
Anadava Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$667,000
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 10, 2005
Sold by
Moreno George J and Moreno Marilou L
Bought by
Moreno George Jerry and Moreno Marilou Llamas
Purchase Details
Closed on
May 18, 1999
Sold by
Delbianco Bruno and Delbianco Beatrice
Bought by
Moreno George J and Moreno Marilou L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,500
Interest Rate
7.64%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Apr 13, 1999
Sold by
Wickware Nicholas S
Bought by
Delbianco Bruno and Delbianco Beatrice
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,500
Interest Rate
7.64%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Nov 3, 1998
Sold by
David Mackie
Bought by
Wickware Nicholas S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,500
Interest Rate
6.84%
Purchase Details
Closed on
May 26, 1989
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jjjm Living Trust | $1,575,000 | Chicago Title | |
| Acent Group Lp | $26,255 | Chicago Title Co | |
| Anadava Inc | -- | None Available | |
| Teran Mario | -- | Accommodation | |
| Teran Mario | -- | Accommodation | |
| Anadava Inc | $555,000 | Commonwealth Land Title | |
| Moreno George Jerry | -- | -- | |
| Moreno George J | $3,500 | Commonwealth Land Title Co | |
| Delbianco Bruno | -- | Commonwealth Land Title Co | |
| Wickware Nicholas S | $49,000 | Fidelity National Title | |
| -- | $337,200 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Jjjm Living Trust | $879,400 | |
| Previous Owner | Anadava Inc | $667,000 | |
| Previous Owner | Moreno George J | $48,500 | |
| Previous Owner | Wickware Nicholas S | $48,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/10/2023 08/10/23 | Sold | $1,575,000 | -1.3% | $355 / Sq Ft |
| 07/07/2023 07/07/23 | Pending | -- | -- | -- |
| 06/19/2023 06/19/23 | For Sale | $1,595,000 | -- | $359 / Sq Ft |
Source: San Diego MLS
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 | $6,483 | $535,500 | $306,000 | $229,500 |
| 2024 | $6,483 | $525,000 | $300,000 | $225,000 |
| 2023 | $3,761 | $304,226 | $169,015 | $135,211 |
| 2022 | $3,661 | $298,261 | $165,701 | $132,560 |
| 2021 | $3,636 | $292,413 | $162,452 | $129,961 |
| 2020 | $3,593 | $289,416 | $160,787 | $128,629 |
| 2019 | $3,529 | $283,742 | $157,635 | $126,107 |
| 2018 | $3,300 | $278,180 | $154,545 | $123,635 |
| 2017 | $3,222 | $272,726 | $151,515 | $121,211 |
| 2016 | $3,170 | $267,380 | $148,545 | $118,835 |
| 2015 | $3,123 | $263,364 | $146,314 | $117,050 |
| 2014 | $3,075 | $258,206 | $143,448 | $114,758 |
Source: Public Records
Agents Affiliated with this Home
-
Sean Bascom
-
Melvina Selfani
Buyer's Agent in 2023
Melvina Selfani
Century 21 Affiliated
(619) 593-4300
1 in this area
191 Total Sales
Map
Source: San Diego MLS
MLS Number: 230011659
APN: 541-472-15
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