NOT LISTED FOR SALE

Estimated Value: $883,000 - $963,000

2 Beds
2 Baths
1,555 Sq Ft
$593/Sq Ft Est. Value

Last Sold October 31, 2023

Last sale price $860,000 $553 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,755/month

123 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • No Heating

About This Home

As of October 2023

Looking for a great investment opportunity? Look no further than this multi-unit property at 918 S 37th Street. This duplex consist of 2 Units, an ADU and a detached storage unit. Located in an up-and-coming area, this multi-unit is just a short drive from downtown and conveniently located near freeways, stores, and restaurants. This location is highly desirable for renters, making it an excellent investment opportunity. While this property needs some work, the potential upside is substantial. With a little bit of effort and investment, you could turn this multi-unit property into a profitable investment that provides steady cash flow for years to come. Don't miss out on this opportunity to invest in a great property in a prime location. Schedule a showing today and explore the potential of this multi-unit gem!

Last Agent to Sell the Property

Ruben Aceves

BuySDHouses License #02034732 Listed on: 04/14/2023

BuySDHouses

Co-Listed By

Lupe Guerrero

CA-RES License #01996016

Last Buyer's Agent

Francisco Barrera

eXp Realty of California, Inc. License #02169479

eXp Realty of California, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,413

Year Built

  • Built in 1913

Lot Details

  • 4,169 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,555 Sq Ft Home
  • 2-Story Property

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Utilities

  • No Heating
  • Private Sewer

Listing and Financial Details

  • Tax Lot 5500921400
  • Tax Tract Number 8220
  • Assessor Parcel Number 5500921400

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $200
  • Fuel Expense $85
  • Insurance Expense $65
  • Trash Expense $80
  • Water Sewer Expense $400
  • New Taxes Expense $10,612
  • Operating Expense $585
  • Gross Income $69,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,413

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 7.05
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 400.00
  • Zoning: R-3
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5500921400
  • Year Built: 1913
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 553.05

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup
  • Sewer: Private Sewer
  • Trash Expense: 80.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4169.00
  • Lot Size Acres: 0.0957

Multi Family

  • Electric Expense: 200.00
  • Fuel Expense: 85.00
  • Gross Income: 69600.00
  • Gross Scheduled Income: 5800.00
  • Insurance Expense: 65.00
  • Lot Size Area: 4169.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 540.00
  • Rent Control: No
  • Total Expenses: 585.00

Tax Info

  • New Taxes Expense: 10612.00
  • Tax Lot: 5500921400
  • Tax Tract Number: 08220

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 8, 2023
Sold by
Perez Felipe and Gomez Eugenia P
Bought by
Chheuy Jefferey and Chheuy Joshua Alan
Current Estimated Value
$921,677

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$705,500
Interest Rate
7.49%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 2, 2019
Closed on
Jan 16, 2020
Sold by
Goodrich Gloria E
Bought by
Perez Felipe and Gomez Eugenia P
Seller's Agent
Michelle Zermeno
Coldwell Banker West
Buyer's Agent
Michelle Zermeno
Coldwell Banker West
List Price
$614,999
Sold Price
$586,500
Premium/Discount to List
-$28,499
-4.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.41%
Original Mortgage
$410,550
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 2010
Sold by
Corona Antonio Leal and Corona Josefina
Bought by
Goodrich Gloria E

Purchase Details

Closed on
Jan 9, 2007
Sold by
Corona Anthony
Bought by
Leal Antonio Corona and Corona Josefina

Purchase Details

Closed on
Mar 9, 2006
Sold by
Leal Antonio Corona and Corona Josefina
Bought by
Lopez Silvia P and Corona Anthony

Purchase Details

Closed on
Jan 17, 2002
Sold by
Corona Antonio L and Corona Josefina
Bought by
The Corona Family Trust
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
Chheuy Jefferey $845,000 Lawyers Title Company
Perez Felipe $586,500 Ticor Title Co San Diego
Goodrich Gloria E -- None Available
Corona Antonio Leal -- None Available
Corona Antonio Leal -- None Available
Leal Antonio Corona -- First American
Lopez Silvia P -- None Available
The Corona Family Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chheuy Jefferey $705,500
Previous Owner Perez Felipe $410,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2023 10/31/23 Sold $860,000 +1.3% $553 / Sq Ft
08/15/2023 08/15/23 Pending -- -- --
07/23/2023 07/23/23 For Sale $849,000 0.0% $546 / Sq Ft
04/27/2023 04/27/23 Pending -- -- --
04/14/2023 04/14/23 For Sale $849,000 +44.8% $546 / Sq Ft
02/24/2020 02/24/20 Sold $586,500 -4.6% $690 / Sq Ft
12/29/2019 12/29/19 Pending -- -- --
08/02/2019 08/02/19 For Sale $614,999 -- $724 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,413 $861,899 $705,391 $156,508
2024 $10,413 $845,000 $691,560 $153,440
2023 $7,587 $616,514 $504,564 $111,950
2022 $7,385 $604,426 $494,671 $109,755
2021 $7,335 $592,575 $484,972 $107,603
2020 $580 $44,432 $8,845 $35,587
2019 $570 $43,562 $8,672 $34,890
2018 $452 $42,708 $8,502 $34,206
2017 $82 $41,872 $8,336 $33,536
2016 $430 $41,052 $8,173 $32,879
2015 $423 $40,437 $8,051 $32,386
2014 $416 $39,646 $7,894 $31,752
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2301733

California Regional Multiple Listing Service (CRMLS)

APN: 550-092-14