NOT LISTED FOR SALE

1084-90 E Madison Ave El Cajon, CA 92021

El Cajon Area
8 Beds
4 Baths
3,000 Sq Ft
8,819 Sq Ft Lot

Sale Details

Date 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
  • Block Exterior
  • 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

8,819 Sq Ft Lot

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
  • Gross Rent Multiplier Actual: 14.1
  • Gross Rent Multiplier Projected: 13.4
  • 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

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
Feb 3, 2021
Closed on
May 24, 2021
Sold by
Bought by
Seller's Agent
Nick Azoff
Starker West, Inc.
Buyer's Agent
Thad Ryan
eXp Realty of California, Inc
List Price
$1,200,000
Sold Price
$1,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$855,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2018
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
$295,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2017
Sold by
Bought by

Purchase Details

Closed on
Dec 10, 2013
Sold by
Bought by

Purchase Details

Closed on
Jun 26, 1997
Sold by
Bought by

Purchase Details

Closed on
May 25, 1996
Sold by
Bought by

Purchase Details

Closed on
Sep 21, 1995
Sold by
Bought by

Purchase Details

Closed on
Nov 6, 1990
Source: Public Records
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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
$1,200,000 Fidelity National Title
-- Chicago Title Company
$1,075,000 Chicago Title Company
$703,000 Lawyers Title
-- None Available
$146,500 Old Republic Title Company
$157,500 Stewart Title
-- --
$185,000 --
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 $1,050,000
Closed $855,000
Previous Owner $295,000
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
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 -- $387 / 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 $18,179 $1,324,894 $717,651 $607,243
2025 $18,179 $1,298,917 $703,580 $595,337
2024 $17,309 $1,273,449 $689,785 $583,664
2023 $16,973 $1,248,480 $676,260 $572,220
2022 $16,598 $1,224,000 $663,000 $561,000
2021 $18,010 $1,130,016 $604,427 $525,589
2020 $14,963 $1,118,430 $598,230 $520,200
2019 $13,400 $1,096,500 $586,500 $510,000
2018 $8,649 $703,000 $288,382 $414,618
2017 $2,549 $201,211 $82,540 $118,671
2016 $2,446 $197,267 $80,922 $116,345
2015 $2,434 $194,305 $79,707 $114,598
2014 $2,389 $190,500 $78,146 $112,354
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210002835

San Diego MLS
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