NOT LISTED FOR SALE
8 Beds
4 Baths
3,600 Sq Ft
1980 Built

Last Sold August 29, 2023

Last sale price $1,535,000 $426 Per Sq Ft

40 Days on Market

Highlights

  • Partially Fenced Property
  • West Hills High School Rated A
  • 1-Story Property

About This Home

As of August 2023

Accepting backup offers - NBP in place - property appraised at value, buyer may not perform. 1298 Cuyamaca closed 7/7/23 for $1.525M. CASHFLOW AND FULLY RENOVATED! PERFECT FOR INVESTORS, OWNER OCCUPANT, OR CLIENTS NEEDING A PROPERTY TO 1031 INTO BEFORE SELLING! Pleased to present these charming units located in a quiet pocket of Fletcher Hills/Cuyamaca surrounded by incredibly serene views. They are huge 900 SF 2BR 1BA units with a true home lifestyle feeling, each boasting their own fireplace and large pantry with parking. The property was just fully renovated including a brand new roof in late 2022, exterior rehab with stucco improvements and new paint, new landscaping, new carport roofs, and of course full interior renovation with no expense spared. The units can be delivered fully leased, and at lease rates of $2395 each PLUS all utilites paid by tenant. Unbeatable cashflow in this market! DO NOT GO ON THE PROPERTY.

Last Agent to Sell the Property

Florian Sighe

The Browar Group License #02072593 Listed on: 07/08/2023

Last Buyer's Agent

Veronica Hosey

NB Elite Realty Inc License #02020405

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 1-Story Property
  • Partially Fenced Property

Listing and Financial Details

  • Tenant pays for sewer, electricity, gas/propane, hot water
  • Assessor Parcel Number 482-042-20-00

Community Details

Overview

  • 4 Units
  • Cuyamaca Community

Building Details

  • Net Operating Income $89,028

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: Cuyamaca
  • Neighborhood: Cuyamaca
  • Stories: 1 Story
  • Sale Price List Price: 1.01
  • Total Stories: 1
  • Year Built: 1980
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

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

Condo/Co-op/Association

  • Complex Name: Cuyamaca
  • Community: EL CAJON

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Assessor Parcel Number: 482-042-20-00

Rental Info

  • Tenant Pays: Sewer, Electricity, Gas/Propane, Hot Water

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 89028
  • Gross Rent Multiplier Actual: 13.0
  • Number Of Buildings: 1
  • Number Of Units With Fireplaces: 4
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Other Income Actual: 900

Range of Values:

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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 List to Sale Price per Sq Ft
08/29/2023 08/29/23 Sold $1,535,000 +0.7% $426 / Sq Ft
07/08/2023 07/08/23 For Sale $1,525,000 -- $424 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 230013124

San Diego MLS

APN: 482-042-20-00