NOT LISTED FOR SALE

880 Riverlawn Ave Chula Vista, CA 91911

Downtown Chula Vista Neighborhood

Estimated Value: $677,000 - $798,000

3 Beds
2 Baths
1,212 Sq Ft
$621/Sq Ft Est. Value

Last Sold January 18, 2013

Last sale price $286,300 $236 Per Sq Ft

Est. 161% increase in value since last sale

Current estimated payment $4,422/month

11 Days on Market

Highlights

  • 1-Story Property
  • Property is Fully Fenced
  • Level Lot
  • Laundry Facilities

About This Home

As of January 2013

Duplex, Cute, Clean recently re-habbed and upgraded units. This is a TURN KEY investment at an attractive price. New dual-pane windows all around, new flooring, kitchen upgrades and replacement appliances, Deep 1-car garages with individual laundry hookups. Buyer to satisfy self as to square footage, physical condition and all other PRIOR TO acceptance. Appraisers, the original contract price was $290,000, price was reduced to $286,300 after negotiating repair expenses and $2,000 for offset to flood insurance expense. Cap rate after expenses at market rent is 7.10%. Subject was in rent-ready condition at COE, with the one-bedroom unit rented at market.

Last Agent to Sell the Property

Armando Ortiz

Armando Ortiz, Broker License #00962402 Listed on: 10/12/2012

Last Buyer's Agent

Linda Artiaga

Coldwell Banker Realty License #00698262

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,127

Year Built

  • 1952

Lot Details

  • 6,969 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Utilities

  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Community Details

  • 2 Units
  • Laundry Facilities
  • Net Operating Income $19,380

Listing and Financial Details

  • Tenant pays for trash, cable TV, electricity, gas/propane, hot water
  • Assessor Parcel Number 571-301-22-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,127

Year Built

1952

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: South Bay
  • Cross Street: "L" Street & Broadway
  • Neighborhood: Harborside / West CV
  • Supplement: Appraisers, the original contract price was $290,000, price was reduced to $286,300 after negotiating repair expenses and $2,000 for offset to flood insurance expense. Cap rate after expenses at market rent is 7.10%. Subject was in rent-ready condition at
  • Stories: 1 Story
  • Sale Price List Price: 1.06
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1952

Exterior Features

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

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas

Condo/Co-op/Association

  • Community: CHULA VISTA
  • Complex Features: Laundry Facilities

Schools

  • School District URL: http://www.suhsd.k12.ca.us/

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Topography: Level
  • Water District: SWEETWATER AUTHORITY
  • Zoning: R2
  • Assessor Parcel Number: 571-301-22-00
  • Land Use Code: Dupl
  • Estimated Lot Sq Ft: 6969

Rental Info

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

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 19380
  • Annual Expense Actual: 3420
  • Annual Expense Projected: 4212
  • Gross Rent Multiplier Actual: 11.83
  • Gross Rent Multiplier Projected: 11.53
  • Gross Sched Income Actual: 22800
  • Gross Sched Income Projected: 23400
  • Number Of Buildings: 1
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 7, 2016
Sold by
Lopez Sonia A
Bought by
Lopez Sonia A
Current Estimated Value
$748,465

Purchase Details

Listed on
Oct 12, 2012
Closed on
Nov 28, 2012
Sold by
Hinojosa Mark D
Bought by
Lopez Sonia A
Seller's Agent
Armando Ortiz
Armando Ortiz, Broker
Buyer's Agent
Linda Artiaga
Coldwell Banker Realty
List Price
$269,900
Sold Price
$286,300
Premium/Discount to List
$16,400
6.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.37%
Original Mortgage
$214,725
Interest Rate
3.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 2, 2012
Sold by
Kirk Carrol A
Bought by
Lopez Sonia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,725
Interest Rate
3.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2011
Sold by
Kirk Carrol A
Bought by
Kirk Carrol A
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
Lopez Sonia A -- None Available
Lopez Sonia A -- Western Resources Title
Lopez Sonia A $286,500 Western Resources Title
Kirk Carrol A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lopez Sonia A $214,725
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/18/2013 01/18/13 Sold $286,300 +6.1% $236 / Sq Ft
10/22/2012 10/22/12 Pending -- -- --
10/11/2012 10/11/12 For Sale $269,900 -- $223 / 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 $4,127 $357,101 $159,163 $197,938
2024 $4,127 $350,100 $156,043 $194,057
2023 $4,070 $343,236 $152,984 $190,252
2022 $3,954 $336,507 $149,985 $186,522
2021 $3,863 $329,910 $147,045 $182,865
2020 $3,771 $326,528 $145,538 $180,990
2019 $3,674 $320,127 $142,685 $177,442
2018 $3,617 $313,851 $139,888 $173,963
2017 $3,542 $307,698 $137,146 $170,552
2016 $3,459 $301,665 $134,457 $167,208
2015 $3,410 $297,135 $132,438 $164,697
2014 $3,354 $291,315 $129,844 $161,471
Source: Public Records

Agents Affiliated with this Home

  • Armando Ortiz

    Seller's Agent in 2013

    Armando Ortiz

    Armando Ortiz, Broker

    (619) 862-8752

    Section Image

  • L

    Buyer's Agent in 2013

    Linda Artiaga

    Coldwell Banker Realty

See All Agents

Map

Source: San Diego MLS

MLS Number: 120051675

San Diego MLS

APN: 571-301-22

California San Diego County Chula Vista 91911 Downtown Chula Vista

880 Riverlawn Ave, Chula Vista, CA

This home is located at 880 Riverlawn Ave, Chula Vista, CA 91911 since 12 October 2012 and is currently estimated at $752,808, approximately $621 per square foot. This property was built in 1952. 880 Riverlawn Ave is a home located in San Diego County with nearby schools including Chula Vista Middle School, Chula Vista High School, and Mueller Charter School.

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