NOT LISTED FOR SALE

1064 E Madison Ave El Cajon, CA 92021

El Cajon Area
5 Beds
2 Baths
1,716 Sq Ft
1953 Built

Sale Details

Date Sold: April 23, 2024

Last sale price $800,000 $466 Per Sq Ft

54 Days on Market

Highlights

  • RV Access or Parking
  • Level Lot
  • 1-Story Property
  • Property is Fully Fenced
  • Wood Siding
  • 4-minute walk to Wells Park

About This Home

As of April 2024

*PORTFOLIO SALE* Seller may consider individual offers but prefers to sell all duplexes as a portfolio. Property to be sold with 1012-1014 N. 1st Street, 1022-1024 N 1st, 504-506 Ann Street, and 898 Valley Village (With the option to buy additional properties at 1096 N. Mollison, 964-980 Merritt Drive, and 986 Merritt Drive). Please call or email for full marketing package and details. We are proud to present 1064 E. Madison Ave, a spacious duplex located in El Cajon, California. The Madison Ave Duplex o?ers several amenities to its residents. The property is secured with a fully fenced perimeter. Madison Ave is located adjacent to 504-506 Ann Street, another duplex for sale by the owner, thus allowing the buyer to operate both properties as a 4-unit investment. The owner has instituted a utility billing system allowing the tenants to pay for electricity, gas, water, sewer, and trash. This duplex is well maintained with recently remodeled units and many other improvements. One of the major advantages of this duplex is that it comes with o?-street parking, which is a huge convenience in a busy location.

Last Agent to Sell the Property

Craig Stewart

Acre Investment Real Estate License #01060001 Listed on: 01/24/2024

Last Buyer's Agent

Mike Aqrawi

San Diego Homes Realty License #02095502

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Parking

  • RV Access or Parking

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Lot Details

  • Property is Fully Fenced
  • Level Lot
  • Sprinklers on Timer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter

Listing and Financial Details

  • Tenant pays for sewer, trash, water, electricity, gas/propane, hot water
  • Assessor Parcel Number 4890102300

Community Details

Overview

  • 2 Units
  • El Cajon Community

Building Details

  • Net Operating Income $45,382

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: Ann
  • Neighborhood: El Cajon
  • Stories: 1 Story
  • Sale Price List Price: 0.94
  • Total Stories: 1
  • Year Built: 1953
  • Allow Comments Review: No
  • Internet Address Field: Partial Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

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

Garage/Parking

  • Parking for RV: On-Site Parking

Utilities

  • Cooling: Wall/Window
  • Water: Meter on Property
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: El Cajon
  • Community: EL CAJON

Lot Info

  • Irrigation: Automatic
  • Lot Size: 4,000-7,499 SF
  • Topography: Level
  • Zoning: R-2
  • Assessor Parcel Number: 4890102300

Rental Info

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

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 45382
  • Gross Rent Multiplier Actual: 14.79
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2024
Closed on
Apr 1, 2024
Sold by
Bought by
Seller's Agent
Craig Stewart
Acre Investment Real Estate
Buyer's Agent
Mike Aqrawi
San Diego Homes Realty
List Price
$850,000
Sold Price
$800,000
Premium/Discount to List
-$50,000
-5.88%
Views
82

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$584,955
Interest Rate
6.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$381,500
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 12, 2019
Closed on
May 15, 2019
Sold by
Bought by
Seller's Agent
Rafi Gorges
Realty Executives Dillon
Buyer's Agent
Mark Mittal
Montezuma Equities
List Price
$599,000
Sold Price
$545,000
Premium/Discount to List
-$54,000
-9.02%

Purchase Details

Closed on
Dec 19, 2018
Sold by
Bought by

Purchase Details

Closed on
Aug 22, 2016
Sold by
Bought by

Purchase Details

Closed on
Jun 9, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$353,500
Interest Rate
3.41%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 2, 2015
Sold by
Bought by

Purchase Details

Closed on
Jan 10, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,700
Interest Rate
4.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 11, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,700
Interest Rate
4.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 7, 2012
Sold by
Bought by

Purchase Details

Closed on
Aug 23, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$934,700
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 30, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$934,700
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 7, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 16, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6.74%
Mortgage Type
Commercial
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$800,000 None Listed On Document
-- First American Title Company
-- First American Title Company
-- First American Title Company
$545,000 Ticor Title Co San Diego
-- None Available
-- None Available
-- Lawyers Title
-- None Available
-- Lawyers Title
$311,000 Lawyers Title
$350,255 None Available
-- --
$1,250,000 Commonwealth Land Title Co
-- First American Title
-- First American Title
$740,000 First American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $600,000
Previous Owner $1,800,000
Previous Owner $425,000
Previous Owner $10,000
Previous Owner $10,000
Previous Owner $381,500
Previous Owner $353,500
Previous Owner $217,700
Previous Owner $21,200
Previous Owner $934,700
Previous Owner $420,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/23/2024 04/23/24 Sold $800,000 -5.9% $466 / Sq Ft
03/19/2024 03/19/24 Pending -- -- --
01/24/2024 01/24/24 For Sale $850,000 +56.0% $495 / Sq Ft
05/24/2019 05/24/19 Sold $545,000 -9.0% $419 / Sq Ft View Prior Sale
05/12/2019 05/12/19 Pending -- -- --
03/12/2019 03/12/19 For Sale $599,000 -- $461 / Sq Ft
Source: San Diego MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $10,672 $832,318 $534,517 $297,801
2025 $8,342 $815,999 $524,037 $291,962
2024 $8,342 $596,033 $382,774 $213,259
2023 $8,441 $584,347 $375,269 $209,078
2022 $8,048 $572,890 $367,911 $204,979
2021 $8,547 $561,658 $360,698 $200,960
2020 $7,716 $555,900 $357,000 $198,900
2019 $4,558 $370,948 $204,248 $166,700
2018 $4,485 $363,676 $200,244 $163,432
2017 $30 $356,546 $196,318 $160,228
2016 $4,167 $349,556 $192,469 $157,087
2015 $3,901 $317,213 $188,696 $128,517
2014 $2,611 $210,952 $125,567 $85,385
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240001801

San Diego MLS

APN: 489-010-23-00

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