NOT LISTED FOR SALE

1410-12 Marline Ave El Cajon, CA 92021

5 Beds
3 Baths
1,942 Sq Ft
0.45 Acres

Last Sold May 12, 2023

Last sale price $1,220,000 $628 Per Sq Ft

13 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • No Heating
  • Granite Hills High School Rated A-
  • Level Lot
  • 1-Story Property

About This Home

As of May 2023

Amazing opportunity to own 2 homes on 1 lot PLUS seller has city APPROVED plans to build TWO MORE UNITS. Plans for additional two units are 3 bedroom, 2.5 bath with two car garage approximately 1400 sq ft on this Huge .45 acre lot. Unit 1410 has been FULLY RENOVATED and each unit is on a month to month basis. Rents are currently under market value. Unit 1412 was remolded in 2019 has an attached 1 car garage. This income property is conveniently located with easy access to HWY 8 and close to shopping.

Last Agent to Sell the Property

Rafi Gorges

Realty Executives Dillon License #01703837 Listed on: 03/14/2023

Realty Executives Dillon

Last Buyer's Agent

Justin Shokoor

eXp Realty of California, Inc. License #02047127

eXp Realty of California, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1931

Lot Details

  • 0.45 Acre Lot
  • No Common Walls
  • Rural Setting
  • Level Lot

Parking

  • 1 Car Garage

Interior Spaces

  • 1,942 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 507-282-31-00
  • Tax Tract Number 1833
  • Assessor Parcel Number 5072823100
  • $1,468 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $300
  • Water Sewer Expense $225
  • Operating Expense $3,900
  • Gross Income $56,820
  • Net Operating Income $2,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1931

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 4.00
  • Price Per Unit: 649500
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 225.00
  • Zoning: R-2:MINOR MULTIPLE
  • Property Type: Residential Income
  • Parcel Number: 5072823100
  • Year Built: 1931
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 628.22

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 1.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 19790.00
  • Lot Size Acres: 0.4543

Multi Family

  • Gross Income: 56820.00
  • Gross Scheduled Income: 59520.00
  • Insurance Expense: 300.00
  • Lot Size Area: 19790.0000 Square Feet
  • Net Operating Income: 2700.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 2700.00
  • Rent Control: No
  • Total Expenses: 3900.00

Tax Info

  • Tax Lot: 507-282-31-00
  • Tax Tract Number: 001833
  • TaxOtherAnnualAssessmentAmount: 1468.46

Range of Values:

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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 Change Sq Ft Price
05/12/2023 05/12/23 Sold $1,220,000 -6.1% $628 / Sq Ft
05/02/2023 05/02/23 For Sale $1,299,000 0.0% $669 / Sq Ft
03/27/2023 03/27/23 Pending -- -- --
03/27/2023 03/27/23 Price Changed $1,299,000 -12.8% $669 / Sq Ft
03/14/2023 03/14/23 For Sale $1,490,000 -- $767 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Rafi Gorges

    Seller's Agent in 2023

    Rafi Gorges

    Realty Executives Dillon

    (619) 504-2041

    79 Total Sales

    Section Image

  • J

    Buyer's Agent in 2023

    Justin Shokoor

    eXp Realty of California, Inc.

    (619) 673-6602

    66 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2301222

California Regional Multiple Listing Service (CRMLS)

California San Diego County El Cajon 92021

1410-12 Marline Ave, El Cajon, CA

This home is located at 1410-12 Marline Ave, El Cajon, CA 92021 since 14 March 2023. This property was built in 1931. 1410-12 Marline Ave is a home located in San Diego County with nearby schools including Madison Avenue Elementary School, Greenfield Middle School, and Granite Hills High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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