Seller's Agent in 2022
Philip Buckley
CBRE
(760) 822-9861
1 in this area
25 Total Sales
Tranquilla Apartments are a newly renovated 20-unit residential community perfectly appointed to attract the highest quality tenants in the market. The comprehensive renovation completed in 2022 includes building exterior, interior, and major systems. Unit interiors feature state of the art kitchens with wood shaker cabinets, quartz countertops, high end matte black fixtures, and 5-piece stainless steel appliance packages with LG washer/dryers, dishwasher, refrigerator, gas range and microwave. The units are also appointed with new wood vinyl plank flooring, A/C’s (12,000 BTU’s), modern ceiling fans, pocket doors and bathrooms with tile shower enclosure and vanities matching the modern décor of the kitchens. Exterior renovations include new roofs, windows, rain gutters, exterior paint, plumbing and electrical. The plumbing work includes all new supply lines from the street water meter and lateral drain lines from the slab up. The electrical improvements include wiring throughout the units and a power upgrade from 200 amps to 400 amps with all new meters from SDG&E. Originally built in 1962 (Renovated 2022), the property features four single-story buildings sprawled out over an expansive 33,977 SF lot with abundant off-street parking to create the ideal living environment. The unit mix consists of 18 spacious open concept one-bedroom units each measuring 590 SF and two studio units measuring 384 SF. *Studios are fully renovated and expected to be completed in next 45 days. *SEE OFFERING MEMORANDUM IN DOCUMENTS*
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/07/2022 11/07/22 | Sold | $9,300,000 | -2.1% | $817 / Sq Ft |
| 08/11/2022 08/11/22 | Pending | -- | -- | -- |
| 07/06/2022 07/06/22 | For Sale | $9,500,000 | -- | $834 / Sq Ft |
| 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 | $100,980 | $9,675,720 | $7,074,720 | $2,601,000 |
| 2024 | $100,980 | $9,486,000 | $6,936,000 | $2,550,000 |
| 2023 | $100,470 | $9,300,000 | $6,800,000 | $2,500,000 |
| 2022 | $58,722 | $5,406,000 | $3,672,000 | $1,734,000 |
| 2021 | $33,503 | $3,039,485 | $1,565,503 | $1,473,982 |
| 2020 | $33,278 | $3,008,320 | $1,549,451 | $1,458,869 |
| 2019 | $32,676 | $2,949,334 | $1,519,070 | $1,430,264 |
| 2018 | $31,291 | $2,891,505 | $1,489,285 | $1,402,220 |
| 2017 | $30,768 | $2,834,810 | $1,460,084 | $1,374,726 |
| 2016 | $29,522 | $2,779,226 | $1,431,455 | $1,347,771 |
| 2015 | $29,404 | $2,737,481 | $1,409,954 | $1,327,527 |
| 2014 | $28,915 | $2,683,858 | $1,382,335 | $1,301,523 |
Seller's Agent in 2022
Philip Buckley
CBRE
(760) 822-9861
1 in this area
25 Total Sales
Buyer's Agent in 2022
Conor Brennan
Conor Brennan, Broker
(720) 841-8139
5 in this area
27 Total Sales
Source: San Diego MLS
MLS Number: 220017230
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