NOT LISTED FOR SALE

1298 N Cuyamaca St El Cajon, CA 92020

Fletcher Hills Neighborhood
8 Beds
4 Baths
3,600 Sq Ft
1980 Built

Last Sold July 07, 2023

Last sale price $1,525,000 $424 Per Sq Ft

45 Days on Market

Highlights

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

About This Home

As of July 2023

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. Important note: the property is currently going through finishing stages of full renovation. 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 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 will be delivered fully renovated, and at lease rates of $2395 each PLUS all utilites paid by tenant. Unbeatable cashflow in this market (Current tenant paying that now, and it's how the owner operates). Also for sale is the next door 4 unit located at 1286 N Cuyamaca! (MLS ID:230006491) DO NOT GO ON THE PROPERTY.

Last Agent to Sell the Property

Florian Sighe

The Browar Group License #02072593 Listed on: 04/09/2023

Last Buyer's Agent

Rick Thornton

Cal-Prop Realty, Inc. License #00961311

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 482-042-21-00

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: 1.02
  • 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: 482-042-21-00

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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Average Value
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List Price
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
07/07/2023 07/07/23 Sold $1,525,000 +1.7% $424 / Sq Ft
05/25/2023 05/25/23 Pending -- -- --
04/09/2023 04/09/23 For Sale $1,500,000 -- $417 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Florian Sighe

    Seller's Agent in 2023

    Florian Sighe

    The Browar Group

    (619) 894-3030

    3 in this area

    49 Total Sales

    Florian Sighe
    Section Image
  • Rick Thornton

    Buyer's Agent in 2023

    Rick Thornton

    Cal-Prop Realty, Inc.

    (858) 922-3177

    1 in this area

    35 Total Sales

    Rick Thornton
    Section Image
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Map

Source: San Diego MLS

MLS Number: 230006490

San Diego MLS

APN: 482-042-21-00

California San Diego County El Cajon 92020 Fletcher Hills

1298 N Cuyamaca St, El Cajon, CA

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