NOT LISTED FOR SALE
6 Beds
5 Baths
2,961 Sq Ft
9,750 Sq Ft Lot Lot

Sale Details

Date Sold: May 27, 2022

Last sale price $6,175,000 $2,085 Per Sq Ft

183 Days on Market

Highlights

  • Beach Front
  • 0.23 Acre Lot
  • Gentle Sloping Lot
  • Ocean View
  • Property is Fully Fenced
  • Wood Siding

About This Home

As of May 2022

Pleased to present an extremely rare waterfront fourplex in San Diego County. This opportunity allows an investor to acquire a rare trophy asset that can provide day 1 cashflow as a short-term rental, an amazing live-in scenario with attractive residential financing, and allows a investor to acquire a property with future development potential. The property is forecasted to achieve north of a 6.21% cap rate as a short-term rental operation post renovation. RT-CZ zoning on this 9750 Sqft beach parcel allows for short-term rental operations as well as future development opportunity with significant additional square footage and up to 10 dwelling units. Building to be delivered vacant to next owner for maximum flexibility

Last Agent to Sell the Property

Allen Chitayat

CBRE License #00894356 Listed on: 09/09/2021

Last Buyer's Agent

Allen Chitayat

CBRE License #00894356 Listed on: 09/09/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 9,750 Sq Ft Lot
  • Beach Front
  • Property is Fully Fenced
  • Gentle Sloping Lot

Home Design

  • Wood Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Ocean Views

Location

  • West of 5 Freeway

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 150-355-07-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

9,750 Sq Ft Lot

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal North
  • Neighborhood: Beach
  • LP / Sq Ft: 20.27
  • Miscellaneous: Value in Land
  • Stories: 2 Story
  • Sale Price List Price: 0.95
  • Total Stories: 2
  • Year Built: 1945
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Full
  • Frontage: Ocean/Sand
  • Roof: Wood
  • View: Ocean, Panoramic Ocean

Condo/Co-op/Association

  • Community: OCEANSIDE

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Site: West of I-5
  • Topography: Slope Gentle
  • Zoning: RT-CZ
  • Assessor Parcel Number: 150-355-07-00
  • Estimated Lot Dimensions: 75 ft x 130 ft
  • Estimated Lot Sq Ft: 9750
  • Estimated Number of Acres: 0.2295

Multi Family

  • No. of Units: 4
  • Gross Rent Multiplier Projected: 9.8
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Dryers: 1
  • Number Of Units With Fireplaces: 2
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 1
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/27/2022 05/27/22 Sold $6,175,000 -5.0% $2,085 / Sq Ft
03/12/2022 03/12/22 Pending -- -- --
01/25/2022 01/25/22 Price Changed $6,499,000 0.0% $2,195 / Sq Ft
01/25/2022 01/25/22 For Sale $6,500,000 +5.3% $2,195 / Sq Ft
01/21/2022 01/21/22 Off Market $6,175,000 -- --
09/09/2021 09/09/21 For Sale $6,500,000 -- $2,195 / 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 $71,932 $6,552,958 $6,086,027 $466,931
2024 $71,932 $6,424,470 $5,966,694 $457,776
2023 $69,719 $6,298,500 $5,849,700 $448,800
2022 $42,842 $3,849,480 $3,329,280 $520,200
2021 $1,940 $169,425 $156,218 $13,207
2020 $1,882 $167,689 $154,617 $13,072
2019 $1,828 $164,402 $151,586 $12,816
2018 $1,807 $161,179 $148,614 $12,565
2017 $70 $158,019 $145,700 $12,319
2016 $1,712 $154,922 $142,844 $12,078
2015 $1,663 $152,596 $140,699 $11,897
2014 $1,602 $149,607 $137,943 $11,664
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210025693

San Diego MLS

APN: 150-355-07-00

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