NOT LISTED FOR SALE

1248 Lyons Ln El Cajon, CA 92021

Bostonia Neighborhood
8 Beds
4 Baths
2,880 Sq Ft
0.34 Acres

Last Sold July 10, 2018

Last sale price $760,000 $264 Per Sq Ft

30 Days on Market

About This Home

As of July 2018

This apartment investment opportunity consists of two duplexes all being 2BR/1BA units situated on a 14,670 SF lot. Tenant amenities include LARGE private yards, off street parking, Laundry Hook-ups, and individual hot water heaters. Current rental income is significantly under market with huge upside potential. This property offers a blank slate for an investor to complete their own renovations and capitalize on the rents this location may produce.

Last Agent to Sell the Property

Seth Watje

Starker West, Inc. License #01805453 Listed on: 05/07/2018

Co-Listed By

Nick Azoff

Starker West, Inc. License #02035396

Last Buyer's Agent

Joshua Krause

Joshua Krause License #01352001

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 0.34 Acre Lot
  • Partially Fenced Property

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 1-Story Property
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 484-091-58-00

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Lyons Lane Complex Community

Building Details

  • Net Operating Income $31,683

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: Green Field Dr
  • Neighborhood: Rancho El Cajon
  • LP / Sq Ft: 15.96
  • Stories: 1 Story
  • Sale Price List Price: 0.95
  • Total Stories: 1
  • Year Built: 1970
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Prkng Non Garage Spac U3: 2
  • Prkng Non Garage Spac U4: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

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

Utilities

  • Water Heater Type: Gas

Condo/Co-op/Association

  • Complex Name: Lyons Lane Complex
  • Community: EL CAJON

Lot Info

  • Lot Size: .25 to .5 AC
  • Assessor Parcel Number: 484-091-58-00
  • Estimated Lot Sq Ft: 14670
  • Estimated Number of Acres: 0.34
  • Map Code Column: H
  • Map Code Page: 1251
  • Map Code Row: 3

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 31683
  • Annual Expense Actual: 19534
  • Annual Expense Projected: 19534
  • Gross Rent Multiplier Actual: 15.5
  • Gross Rent Multiplier Projected: 11.4
  • Gross Sched Income Actual: 52800
  • Gross Sched Income Projected: 71760
  • Number Of Buildings: 2
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4

Range of Values:

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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
07/10/2018 07/10/18 Sold $760,000 -4.9% $264 / Sq Ft
06/07/2018 06/07/18 Pending -- -- --
06/06/2018 06/06/18 Price Changed $799,000 -2.4% $277 / Sq Ft
05/24/2018 05/24/18 For Sale $819,000 0.0% $284 / Sq Ft
05/18/2018 05/18/18 Pending -- -- --
05/07/2018 05/07/18 For Sale $819,000 -- $284 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Seth Watje

    Seller's Agent in 2018

    Seth Watje

    Starker West, Inc.

    (619) 358-3748

    1 in this area

    37 Total Sales

    Seth Watje
    Section Image
  • Nick Azoff

    Seller Co-Listing Agent in 2018

    Nick Azoff

    Starker West, Inc.

    (818) 307-4535

    1 in this area

    15 Total Sales

    Nick Azoff
    Section Image
  • Joshua Krause

    Buyer's Agent in 2018

    Joshua Krause

    Joshua Krause

    (858) 922-8545

    75 Total Sales

    Joshua Krause
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 180024111

San Diego MLS

APN: 484-091-58-00

California San Diego County El Cajon 92021 Bostonia

1248 Lyons Ln, El Cajon, CA

This home is located at 1248 Lyons Ln, El Cajon, CA 92021 since 07 May 2018. This property was built in 1970. 1248 Lyons Ln is a home located in San Diego County with nearby schools including Magnolia Elementary School, Greenfield Middle School, and El Cajon Valley High School.

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