NOT LISTED FOR SALE

1128 E Lexington Ave El Cajon, CA 92019

El Cajon Area
8 Beds
8 Baths
3,744 Sq Ft
1960 Built

Sale Details

Date Sold: September 29, 2020

Last sale price $1,100,000 $294 Per Sq Ft

Highlights

  • Forced Air Heating System
  • Level Lot
  • Wood Siding

About This Home

As of September 2020

Investors Opportunity - Great income producing 4 unit property in the heart of El Cajon. All units are upgraded from interior and fully rented. Granite counter tops, new kitchen cabinets, tile and laminate flooring. Each unit has two parking spaces and plenty of street parking. This is a great opportunity - Priced to sell.

Last Agent to Sell the Property

Mike Aqrawi

Los Angeles Times License #01930877 Listed on: 09/15/2020

Last Buyer's Agent

JORGE CRISTO

LPT Realty, Inc. License #01015351

LPT Realty, Inc.
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Home Design

  • Composition Roof
  • Wood Siding

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Electric Water Heater

Additional Features

  • 2-Story Property
  • Level Lot

Community Details

  • 4 Units
  • Complex

Listing and Financial Details

  • Assessor Parcel Number 4892310200

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Listing Details

  • CapRate: 15.00
  • Park Name: Complex
  • Property Attached: No
  • Subdivision Name Other: El Cajon
  • Property Type: Residential Income
  • Parcel Number: 4892310200
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Appliances: Yes
  • Levels: Two

Exterior Features

  • Roof: Composition
  • Construction Materials: Wood Siding

Utilities

  • Heating: Yes
  • Appliances: Electric Water Heater
  • Heating Type: Electric, Forced Air
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: Level

Multi Family

  • Gross Multiplier: 15.00
  • Gross Scheduled Income: 80000.00
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 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
Sep 15, 2020
Closed on
Sep 28, 2020
Sold by
Bought by
Seller's Agent
Mike Aqrawi
Los Angeles Times
Buyer's Agent
JORGE CRISTO
LPT Realty, Inc.
List Price
$1,199,900
Sold Price
$1,100,000
Premium/Discount to List
-$99,900
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Outstanding Balance
$143,401
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 16, 2015
Sold by
Bought by

Purchase Details

Listed on
Feb 9, 2015
Closed on
Jul 23, 2015
Sold by
Bought by
Seller's Agent
Norma Scantlin
Parkway Real Estate
Buyer's Agent
Mike Aqrawi
San Diego Homes Realty
List Price
$585,000
Sold Price
$585,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,500
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 27, 2003
Sold by
Bought by

Purchase Details

Closed on
Jul 22, 2003
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
$302,750
Interest Rate
5.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 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
$348,500
Interest Rate
7.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 1989

Purchase Details

Closed on
Apr 29, 1985
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
$1,100,000 Fidelity National Title
-- None Available
$585,000 First American Title
-- First American Title
-- --
$560,000 First American Title
$410,000 Fidelity National Title Co
$195,000 --
$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 $165,000
Previous Owner $409,500
Previous Owner $302,750
Previous Owner $348,500
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
09/29/2020 09/29/20 Sold $1,100,000 -8.3% $294 / Sq Ft
09/15/2020 09/15/20 For Sale $1,199,900 +105.1% $320 / Sq Ft
09/08/2015 09/08/15 Sold $585,000 0.0% $156 / Sq Ft View Prior Sale
04/03/2015 04/03/15 Pending -- -- --
02/09/2015 02/09/15 For Sale $585,000 -- $156 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $17,026 $1,214,487 $552,040 $662,447
2025 $17,034 $1,190,674 $541,216 $649,458
2024 $17,034 $1,167,328 $530,604 $636,724
2023 $16,913 $1,144,440 $520,200 $624,240
2022 $15,973 $1,122,000 $510,000 $612,000
2021 $15,735 $1,100,000 $500,000 $600,000
2020 $10,315 $638,047 $218,136 $419,911
2019 $7,680 $625,537 $213,859 $411,678
2018 $7,556 $613,272 $209,666 $403,606
2017 $7,459 $601,248 $205,555 $395,693
2016 $7,161 $589,460 $201,525 $387,935
2015 $8,119 $662,474 $236,595 $425,879
2014 $7,962 $649,498 $231,961 $417,537
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 200039808

California Regional Multiple Listing Service (CRMLS)

APN: 489-231-02-00

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