NOT LISTED FOR SALE

1410-12 Marline Ave El Cajon, CA 92021

5 Beds
3 Baths
1,942 Sq Ft
0.45 Acre Lot

Sale Details

Date Sold: May 12, 2023

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

13 Days on Market

Highlights

  • No HOA
  • No Heating
  • 1-Story Property
  • Level Lot

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

  • 19,790 Sq Ft Lot
  • No Common Walls
  • Rural Setting
  • Level Lot

Parking

  • 1 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,942 Sq Ft Home
  • 1-Story Property
  • Laundry Located Outside

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

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

0.45 Acres

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 4.00
  • 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
  • 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

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
Mar 14, 2023
Closed on
Apr 5, 2023
Sold by
Bought by
Seller's Agent
Rafi Gorges
Realty Executives Dillon
Buyer's Agent
Justin Shokoor
eXp Realty of California, Inc.
List Price
$1,299,000
Sold Price
$1,220,000
Premium/Discount to List
-$79,000
-6.08%
Views
29

Purchase Details

Closed on
Aug 1, 2019
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
$545,000
Interest Rate
0.038%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 22, 2001
Sold by
Bought by
Source: Public Records
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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
$1,220,000 Ticor Title
$545,000 Wfg National Title Co Of Ca
-- --
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
Closed $544,000
Closed $545,000
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
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

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 $16,771 $1,649,288 $645,048 $1,004,240
2024 $16,771 $1,244,400 $632,400 $612,000
2023 $9,634 $626,950 $175,740 $451,210
2022 $8,390 $576,958 $172,295 $404,663
2021 $8,086 $565,646 $168,917 $396,729
2020 $7,418 $545,000 $167,185 $377,815
2019 $2,452 $469,200 $265,200 $204,000
2018 $2,413 $193,684 $59,415 $134,269
2017 $2,382 $189,887 $58,250 $131,637
2016 $2,287 $186,164 $57,108 $129,056
2015 $2,276 $183,369 $56,251 $127,118
2014 $2,233 $179,778 $55,150 $124,628
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2301222

California Regional Multiple Listing Service (CRMLS)
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