NOT LISTED FOR SALE

8816 La Mesa Blvd La Mesa, CA 91942

Estimated Value: $1,110,613

3 Beds
3 Baths
-- Sq Ft
4,024 Sq Ft Lot

Last Sold August 02, 2021

Last sale price $975,000

Est. 14% increase in value since last sale

Current estimated payment $7,279/month

8 Days on Market

Highlights

  • Partially Fenced Property
  • La Mesa Arts Academy Rated A-
  • Level Lot

About This Home

As of August 2021

In the HEART of LA MESA awaits this amazing opportunity to own a TRIPLEX with 3 SEPARATE buildings! Live in one, and rent out the others. Or, use the front commercial building as your business, and rent out the others. So many possibilities! Both residential units are newly updated and well maintained. Both have patio and/or lawn space, single car garages and separate private laundry for each unit. Commercial Unit has 1/2 bath and great frontage on La Mesa Blvd. Great investment with all units currently tenant occupied with cash flow. Don't miss out on this one! Zoning is C-D-MU General Commercial/Urban Design Overlay/Mixed Use Overlay

Last Agent to Sell the Property

Rachel Wilkins

Innovate Realty, Inc. License #02075591 Listed on: 06/22/2021

Co-Listed By

Zandra Ulloa

Team Z Realty License #01849548

Last Buyer's Agent

Thomas Ash

United Real Estate San Diego License #01194292

United Real Estate San Diego

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,814

Year Built

  • Built in 1943

Lot Details

  • 4,024 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Parking

  • Alley Access

Home Design

  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Separate Water Meter

Listing and Financial Details

  • Tenant pays for water, cable TV, electricity, gas/propane
  • Assessor Parcel Number 494-213-16-00

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • Net Operating Income $31,740

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,814

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: La Mesa Blvd & Jackson Dr.
  • Neighborhood: La Mesa
  • Supplement: Zoning is C-D-MU General Commercial/Urban Design Overlay/Mixed Use Overlay
  • LP / Sq Ft: 21.21
  • Stories: 2 Story
  • Sale Price List Price: 1.03
  • Total Stories: 2
  • Year Built: 1943
  • 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: Partial

Utilities

  • Cooling: Central Forced Air, Wall/Window
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property

Condo/Co-op/Association

  • Community: LA MESA

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Public Street, Sidewalks
  • Topography: Level
  • Zoning: COMMERCIAL
  • Assessor Parcel Number: 494-213-16-00
  • Estimated Lot Sq Ft: 4024
  • Estimated Number of Acres: 0.09
  • Map Code Column: A
  • Map Code Page: 1271
  • Map Code Row: 2

Rental Info

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

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 31740
  • Annual Expense Actual: 16548
  • Annual Expense Projected: 19162
  • Gross Rent Multiplier Actual: 19.65
  • Gross Rent Multiplier Projected: 14.85
  • Gross Sched Income Actual: 48288
  • Gross Sched Income Projected: 63900
  • Number Of Buildings: 3
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 1
  • 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
Jun 22, 2021
Closed on
Sep 7, 2021
Sold by
Austin Heather F
Bought by
Austin Heather F and Heatherf Austin Trust Of 2021
Seller's Agent
Rachel Wilkins
Innovate Realty, Inc.
Buyer's Agent
Thomas Ash
United Real Estate San Diego
List Price
$949,100
Sold Price
$975,000
Premium/Discount to List
$25,900
2.73%
Total Days on Market
8
Current Estimated Value
$1,110,613

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,613
Avg. Annual Appreciation
3.92%

Purchase Details

Listed on
Jun 22, 2021
Closed on
Jul 20, 2021
Sold by
In Christ Alone Llc
Bought by
Austin Heather F
Seller's Agent
Rachel Wilkins
Innovate Realty, Inc.
Buyer's Agent
Thomas Ash
United Real Estate San Diego
List Price
$949,100
Sold Price
$975,000
Premium/Discount to List
$25,900
2.73%

Purchase Details

Listed on
Jun 22, 2021
Closed on
Jun 3, 2021
Sold by
Lars Investment Property One Llc
Bought by
In Christ Alone Llc
Seller's Agent
Rachel Wilkins
Innovate Realty, Inc.
Buyer's Agent
Thomas Ash
United Real Estate San Diego
List Price
$949,100
Sold Price
$975,000
Premium/Discount to List
$25,900
2.73%

Purchase Details

Closed on
Nov 22, 2019
Sold by
Larson Investment Limited Partnership
Bought by
Lars Investmewnt Property One Llc

Purchase Details

Closed on
Nov 21, 2019
Sold by
Larson Jason R and Larson Stefanie L
Bought by
Larson Investment Limited Partnership

Purchase Details

Closed on
Nov 12, 2019
Sold by
Larson Jason and Larson Stefanie
Bought by
Larson Jason R and Larson Stefanie L

Purchase Details

Closed on
Jun 28, 2019
Sold by
Larson Jason and Larson Stefanie
Bought by
Larson Jason and Larson Stefanie

Purchase Details

Closed on
Jan 17, 2019
Sold by
Lars Investment Property One Llc
Bought by
Larson Jason and Larson Stefanie

Purchase Details

Closed on
Feb 12, 2015
Sold by
Larson Jason and Larson Stefanie
Bought by
Lars Investment Property One Llc

Purchase Details

Closed on
Sep 10, 2008
Sold by
Larson Jason R and Larson Stefanie L
Bought by
Larson Jason R and Larson Stefanie

Purchase Details

Closed on
Nov 20, 2003
Sold by
Aguiar Sabel and Aguiar Rubiela
Bought by
Larson Jason R and Larson Stefanie L

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
5.86%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 26, 1996
Sold by
Skinner Josephine C
Bought by
Aguiar Sabbel and Aguiar Rubiela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
7.59%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 3, 1992
Source: Public Records

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Range of Values:

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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
Austin Heather F -- None Available
Austin Heather F $975,000 Ticor Title San Diego Branch
In Christ Alone Llc $825,000 Fidelity National Title Co
Lars Investmewnt Property One Llc -- None Available
Larson Investment Limited Partnership -- None Available
Larson Jason R -- None Available
Larson Jason -- None Available
Larson Jason -- None Available
Lars Investment Property One Llc -- None Available
Larson Jason R -- Accommodation
Larson Jason R $465,000 Ticor Title Of California
Aguiar Sabbel -- First American Title
-- $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lars Investments Property One Llc $1,775,000
Previous Owner Larson Jason R $237,000
Previous Owner Aguiar Sabbel $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2021 08/02/21 Sold $975,000 +2.7% --
07/01/2021 07/01/21 Pending -- -- --
06/22/2021 06/22/21 For Sale $949,100 -- --
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
2024 $12,814 $1,014,390 $520,200 $494,190
2023 $12,467 $994,500 $510,000 $484,500
2022 $12,369 $975,000 $500,000 $475,000
2021 $8,626 $656,271 $262,692 $393,579
2020 $7,889 $604,509 $260,003 $344,506
2019 $7,767 $592,656 $254,905 $337,751
2018 $7,585 $581,036 $249,907 $331,129
2017 $7,382 $569,644 $245,007 $324,637
2016 $7,123 $558,475 $240,203 $318,272
2015 $7,033 $550,087 $236,595 $313,492
2014 $6,808 $539,313 $231,961 $307,352
Source: Public Records

Agents Affiliated with this Home

  • Rachel Wilkins

    Seller's Agent in 2021

    Rachel Wilkins

    Innovate Realty, Inc.

    (619) 504-8119

    127 Total Sales

    Rachel Wilkins
    Section Image
  • Zandra Ulloa

    Seller Co-Listing Agent in 2021

    Zandra Ulloa

    Team Z Realty

    (619) 913-2703

    1,185 Total Sales

    Zandra Ulloa
    Section Image
  • Thomas Ash

    Buyer's Agent in 2021

    Thomas Ash

    United Real Estate San Diego

    (619) 823-7123

    14 Total Sales

    Thomas Ash
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 210017266

San Diego MLS

APN: 494-213-16

California San Diego County La Mesa 91941

8816 La Mesa Blvd, La Mesa, CA

This home is located at 8816 La Mesa Blvd, La Mesa, CA 91942 since 22 June 2021 and is currently estimated at $1,110,613. This property was built in 1943. 8816 La Mesa Blvd is a home located in San Diego County with nearby schools including Lemon Avenue Elementary School, La Mesa Arts Academy, and Grossmont High School.

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