NOT LISTED FOR SALE

1477 Broadway El Cajon, CA 92021

2 Beds
2 Baths
13,608 Sq Ft
-- Built

Last Sold August 28, 2024

Last sale price $4,925,000 $362 Per Sq Ft

10 Days on Market

About This Home

As of August 2024

Broadway Estates is a 16-unit multifamily investment property located at 1477 Broadway, El Cajon, California. Built in 1986, Broadway Estates offers exclusively spacious two-bedroom floor plans, each with two bathrooms and in-unit stackable laundry machines. Furthermore, the property offers desirable amenities including ample garage and surface parking, a spacious courtyard, private patios and balconies, and a swimming pool. Current ownership has invested significant capital into the property, with work completed since 2021 including new pool fencing, new patio fencing, a repaved concrete driveway, as well as a resurfaced pool and pool deck. Broadway Estates benefits from its optimal El Cajon location, in close proximity to an abundance of local area amenities. The property is situated within one mile of Madison Elementary School, Montgomery Middle School, and Granite Hills High School. Additionally, the property is located near shops and restaurants along 2nd Street and Main Street, two major thoroughfares in the area. Furthermore, Broadway Estates is located just over two miles from Parkway Plaza, one of the premier shopping destinations in the area with over 1.3 million square feet of retail, dining, and entertainment space.

Last Agent to Sell the Property

Aaron Marcusmillichap

Colliers International License #01318320 Listed on: 05/20/2024

Last Buyer's Agent

Mark Bridge

Mark Bridge, Broker License #01316702

Property Details

Home Type

  • Multi-Family

Home Design

Interior Spaces

  • 2 Bedrooms
  • 13,608 Sq Ft Home
  • 2-Story Property

Additional Homes

  • Number of ADU Units: 16

Community Details

Overview

  • 2 Buildings
  • 16 Units

Building Details

  • Operating Expense $176,033

Property Details

Home Type

Multi-Family

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Property Sub Type: Com-Res Income
  • Co List Office Mls Id: 62951
  • Living Area: 13608.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-01-31T02:53:53Z
  • FullAddress: 1477 Broadway
  • ShortSale: No
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 2

Multi Family

  • Number Of Buildings: 2
  • Number Of Units Total: 16
  • Annual Operating Expense: 176033.0
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Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2024 08/28/24 Sold $4,925,000 -2.5% $362 / Sq Ft
05/31/2024 05/31/24 Pending -- -- --
05/20/2024 05/20/24 For Sale $5,050,000 0.0% $371 / Sq Ft
05/17/2024 05/17/24 Price Changed $2,395 +5.3% $3 / Sq Ft
05/14/2024 05/14/24 For Rent $2,275 0.0% --
03/08/2024 03/08/24 Price Changed $2,275 -5.0% $3 / Sq Ft
03/06/2024 03/06/24 For Rent $2,395 -- --
Source: San Diego MLS

Tax History

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 $36,057 $4,925,000 $3,000,000 $1,925,000
2024 $36,057 $2,021,003 $750,254 $1,270,749
2023 $35,983 $1,981,377 $735,544 $1,245,833
2022 $36,539 $1,942,527 $721,122 $1,221,405
2021 $34,287 $1,904,439 $706,983 $1,197,456
2020 $32,448 $1,884,912 $699,734 $1,185,178
2019 $22,683 $1,847,954 $686,014 $1,161,940
2018 $22,317 $1,811,720 $672,563 $1,139,157
2017 $22,031 $1,776,197 $659,376 $1,116,821
2016 $21,151 $1,741,371 $646,448 $1,094,923
2015 $21,045 $1,715,215 $636,738 $1,078,477
2014 $20,639 $1,681,618 $624,266 $1,057,352
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240011256

San Diego MLS

APN: 507-281-61-00

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