NOT LISTED FOR SALE

1084-90 E Madison Ave El Cajon, CA 92021

8 Beds
4 Baths
3,000 Sq Ft
8,819 Sq Ft Lot

Last Sold June 24, 2021

Last sale price $1,200,000 $400 Per Sq Ft

91 Days on Market

Highlights

  • Partially Fenced Property
  • 1-Story Property
  • 4-minute walk to Wells Park

About This Home

As of June 2021

*Back on market, no fault to property* South Coast Commercial is pleased to present the sale of 1084-90 E Madison Avenue El Cajon, CA 92021. The property was built in 1958 and is comprised of (4) two-bedroom, one-bathroom units with private backyards and in-unit washer/dryers. The units are approximately 750 square feet each on a 8,818 square foot lot. This is a great opportunity to either occupy one of the units and rent out the remaining or purchase as a stabilized investment in one of the strongest rental markets in the County.

Last Agent to Sell the Property

Nick Azoff

Starker West, Inc. License #02035396 Listed on: 02/03/2021

Last Buyer's Agent

Thad Ryan

eXp Realty of California, Inc License #01511553

eXp Realty of California, Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 8,819 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 489-030-24-00

Community Details

Overview

  • 4 Units
  • El Cajon Community

Building Details

  • Net Operating Income $57,826

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: N st Street
  • Neighborhood: El Cajon
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 1958
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Prkng Non Garage Spac U3: 1
  • Prkng Non Garage Spac U4: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Block, Stucco
  • Fencing: Partial
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: El Cajon
  • Community: EL CAJON

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Zoning: R-3:RESTRI
  • Assessor Parcel Number: 489-030-24-00
  • Estimated Lot Sq Ft: 8819
  • Estimated Number of Acres: 0.2
  • Map Code Column: H
  • Map Code Page: 1251
  • Map Code Row: 4

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 57826
  • Annual Expense Actual: 21908
  • Annual Expense Projected: 21908
  • Gross Rent Multiplier Actual: 14.1
  • Gross Rent Multiplier Projected: 13.4
  • Gross Sched Income Actual: 82200
  • Gross Sched Income Projected: 86400
  • Number Of Buildings: 1
  • Number Of Units With Dryers: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 4

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
06/24/2021 06/24/21 Sold $1,200,000 0.0% $400 / Sq Ft
05/06/2021 05/06/21 Pending -- -- --
04/29/2021 04/29/21 Price Changed $1,200,000 0.0% $400 / Sq Ft
04/29/2021 04/29/21 For Sale $1,200,000 +3.4% $400 / Sq Ft
02/07/2021 02/07/21 Pending -- -- --
02/03/2021 02/03/21 For Sale $1,160,000 +65.0% $387 / Sq Ft
07/11/2017 07/11/17 Sold $703,000 +1.2% $234 / Sq Ft
06/26/2017 06/26/17 Pending -- -- --
06/19/2017 06/19/17 For Sale $695,000 -- $232 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Nick Azoff

    Seller's Agent in 2021

    Nick Azoff

    Starker West, Inc.

    (818) 307-4535

    15 Total Sales

    Nick Azoff
    Section Image
  • Thad Ryan

    Buyer's Agent in 2021

    Thad Ryan

    eXp Realty of California, Inc

    (619) 864-2321

    57 Total Sales

    Thad Ryan
    Section Image
  • James Hardy

    Seller's Agent in 2017

    James Hardy

    Scott & Quinn Real Estate

    (619) 204-9511

    28 Total Sales

    James Hardy
    Section Image

  • J

    Buyer's Agent in 2017

    Jake May

    RE/MAX Connections

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Map

Source: San Diego MLS

MLS Number: 210002835

San Diego MLS
California San Diego County El Cajon 92021

1084-90 E Madison Ave, El Cajon, CA

This home is located at 1084-90 E Madison Ave, El Cajon, CA 92021 since 03 February 2021. This property was built in 1958. 1084-90 E Madison Ave is a home located in San Diego County with nearby schools including Naranca Elementary School, Cajon Valley Middle School, and El Cajon Valley High School.

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