NOT LISTED FOR SALE
12 Beds
-- Bath
3,792 Sq Ft
0.43 Acre Lot

Sale Details

Date Sold: September 1, 2020

Last sale price $1,205,000 $318 Per Sq Ft

7 Days on Market

Highlights

  • 0.46 Acre Lot
  • Partially Fenced Property
  • 1-Story Property
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

About This Home

As of September 2020

Great mix off the beaten path (4) 3Br/1Ba 1 story units with eight high ceiling detached garages. All units have smaller yards. 3 of the 4 units had some work done recently. Tenants each have a garage and some on-site parking. (.46acre site) other (4) garages are rented. Layout is a duplex & (2) detached units all equipped with washer/dryer hookups, wall AC & heat. Great Investment opportunity! Neighborhoods: Rancho Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 1256 Unit # for Unit 2: 1258 Unit # for Unit 3: 1260 Unit # for Unit 4: 1262 Number of Furnished Units: 0 Topography: LL

Last Agent to Sell the Property

Rip Fritzer

Coldwell Banker West License #00719216 Listed on: 07/13/2020

Coldwell Banker West

Last Buyer's Agent

Faris Stephan

IQ Realty & Lending License #01341039

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 18,885 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Composition Roof

Interior Spaces

  • 12 Bedrooms
  • 1-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 4840917700

Community Details

Overview

  • 3 Buildings
  • 4 Units
  • El Cajon Subdivision
  • Lyons

Building Details

  • Net Operating Income $52,948

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0.43 Acres

Listing Details

  • CapRate: 4.30
  • Park Name: Lyons
  • Subdivision Name Other: El Cajon
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 4840917700
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Levels: One

Exterior Features

  • Fence: Yes
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Heating: Yes
  • Heating Type: Natural Gas
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Lot Info

  • Lot Size Sq Ft: 18885.00
  • Lot Size Acres: 0.4600

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Gross Scheduled Income: 81492.00
  • Lot Size Area: 18885.0000 Square Feet
  • Net Operating Income: 52948.00
  • Number Of Units Total: 4
  • Number With Patio: 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
Jul 13, 2020
Closed on
Aug 28, 2020
Sold by
Bought by
Seller's Agent
Rip Fritzer
Coldwell Banker West
Buyer's Agent
Faris Stephan
IQ Realty & Lending
List Price
$1,220,000
Sold Price
$1,205,000
Premium/Discount to List
-$15,000
-1.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
0.029%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 13, 2020
Closed on
Aug 20, 2020
Sold by
Bought by
Seller's Agent
Rip Fritzer
Coldwell Banker West
Buyer's Agent
Faris Stephan
IQ Realty & Lending
List Price
$1,220,000
Sold Price
$1,205,000
Premium/Discount to List
-$15,000
-1.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
0.029%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 13, 2020
Closed on
Aug 11, 2020
Sold by
Bought by
Seller's Agent
Rip Fritzer
Coldwell Banker West
Buyer's Agent
Faris Stephan
IQ Realty & Lending
List Price
$1,220,000
Sold Price
$1,205,000
Premium/Discount to List
-$15,000
-1.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
0.029%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2017
Sold by
Bought by

Purchase Details

Closed on
Aug 12, 1998
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
$215,000
Interest Rate
0.0695%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 3, 1998
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
$215,000
Interest Rate
0.0695%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 29, 1995
Sold by
Bought by

Purchase Details

Closed on
Jun 7, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
-- Accommodation
$1,205,000 Fidelity National Title
-- Fidelity National Title
-- Accommodation
-- Accommodation
-- California Title Company
$300,000 California Title Company
-- --
-- Commonwealth Land Title Co
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 $800,000
Previous Owner $400,000
Previous Owner $215,000
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
09/01/2020 09/01/20 Sold $1,205,000 -1.2% $318 / Sq Ft
07/20/2020 07/20/20 Pending -- -- --
07/13/2020 07/13/20 For Sale $1,220,000 -- $322 / 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
2025 $17,751 $1,109,492 $541,216 $568,276
2024 $17,751 $1,087,738 $530,604 $557,134
2023 $17,203 $1,066,410 $520,200 $546,210
2022 $16,785 $1,045,500 $510,000 $535,500
2021 $16,525 $1,025,000 $500,000 $525,000
2020 $9,134 $430,024 $215,012 $215,012
2019 $9,001 $421,594 $210,797 $210,797
2018 $8,671 $413,328 $206,664 $206,664
2017 $591 $405,224 $202,612 $202,612
2016 $8,020 $397,280 $198,640 $198,640
2015 $7,993 $391,314 $195,657 $195,657
2014 $7,854 $383,650 $191,825 $191,825
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 200032570

California Regional Multiple Listing Service (CRMLS)

APN: 484-091-77-00

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