NOT LISTED FOR SALE
8 Beds
4 Baths
5,688 Sq Ft
4.45 Acres

Last Sold November 08, 2019

Last sale price $925,000 $163 Per Sq Ft

4 Days on Market

Highlights

  • RV Access or Parking
  • Gated Parking
  • 4.45 Acre Lot
  • El Capitan High School Rated A-
  • Panoramic View
  • The community has rules related to allowing live work

About This Home

As of November 2019

Multi-Unit Income Earning Property on a beautiful 4.45 Acre lot! The property was built in 2005 and features 2 large homes and an additional large 2 bdrm guesthouse. Homes feature Central A/C and heating, Newer roof, windows, kitchens, bathrooms, and septic systems. Property also boasts 3 additional PERMITTED greenhouse/work garages with slabbed foundation and electrical that can generate rental income. Great for a homeowner looking to live in one and have the rest of the property supplement the mortgage! Multi-Unit Income Earning Property on a beautiful 4.45 Acre lot! The property was built in 2005 and features 2 large homes and an additional large 2 bdrm guesthouse. Homes feature Central A/C and heating, Newer roof, windows, kitchens, bathrooms, and septic systems. Property also boasts 3 additional PERMITTED greenhouse/work garages with slabbed foundation and electrical that can generate rental income. Great for a homeowner looking to live in one and have the rest of the property supplement the mortgage! See attached documents for permits. Seller would like to lease back the guesthouse after the sale. Guesthouse is a converted permitted greenhouse/work structure that was done extremely nice and tastefully. A must see! All units have washer and dryer hookups, including the guesthouse. Large permitted greenhouse/work garage on south side of lot sits on a large slab with loading doc. Each property has their own independent driveway. Great for privacy.

Last Agent to Sell the Property

Pamela Macias

Radius Agent Realty License #01967517 Listed on: 08/27/2019

Radius Agent Realty

Last Buyer's Agent

Kimberly Schmidt

Compass License #01781140

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2005

Lot Details

  • 4.45 Acre Lot
  • Partially Fenced Property
  • Level Lot
  • Unpaved Streets

Property Views

  • Panoramic
  • Mountain

Home Design

  • Ranch Property
  • Composition Roof
  • Metal Siding
  • Stucco Exterior

Interior Spaces

  • 1-Story Property
  • Wired For Data

Parking

  • Gated Parking
  • RV Access or Parking

Utilities

  • Heating System Uses Propane
  • Separate Water Meter
  • Propane Water Heater
  • Septic System
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 393-021-84-00

Community Details

Overview

  • 7 Buildings
  • 3 Units
  • The community has rules related to allowing live work

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $11,660

Property Details

Home Type

Multi-Family

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: OLDE HWY 80
  • Neighborhood: Blossom Valley
  • Supplement: Multi-Unit Income Earning Property on a beautiful 4.45 Acre lot! The property was built in 2005 and features 2 large homes and an additional large 2 bdrm guesthouse. Homes feature Central A/C and heating, Newer roof, windows, kitchens, bathrooms, and septic systems. Property also boasts 3 additional PERMITTED greenhouse/work garages with slabbed foundation and electrical that can generate rental income. Great for a homeowner looking to live in one and have the rest of the property supplement the mortgage! See attached documents for permits. Seller would like to lease back the guesthouse after the sale. Guesthouse is a converted permitted greenhouse/work structure that was done extremely nice and tastefully. A must see! All units have washer and dryer hookups, including the guesthouse. Large permitted greenhouse/work garage on south side of lot sits on a large slab with loading doc. Each property has their own independent driveway. Great for privacy.
  • LP / Sq Ft: 72.55
  • Miscellaneous: Greenhouse, Horse Allowed, Livestock Allowed, Outbuilding
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 2005
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 8
  • Prkng Non Garage Spac U2: 6
  • Prkng Non Garage Spac U3: 8
  • Prkng Non Garage Spac U4: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Metal, Stucco, Wood/Stucco
  • Fencing: Partial
  • Roof: Composition
  • View: Mountains/Hills, Panoramic

Garage/Parking

  • Parking for RV: Gated, On-Site Parking, Potential Space

Utilities

  • Cooling: Central Forced Air
  • Sewer/Septic: Septic Installed
  • Water: Meter on Property
  • Water Heater Type: Propane
  • Telecommunications: Cable (coaxial), Satellite Dish, Wired High Speed Internet
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: EL CAJON

Lot Info

  • Lot Size: 4+ to 10 AC
  • Site: Public Street, Street Unpaved
  • Topography: Level
  • Zoning: A70
  • Additional Property Use: Ranch/Farm, Res/Business Use OK, With Structures
  • Assessor Parcel Number: 393-021-84-00
  • Land Use Code: A70
  • Estimated Lot Sq Ft: 193842
  • Estimated Number of Acres: 4.45

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 11660
  • Annual Expense Actual: 1000
  • Annual Expense Projected: 1000
  • Gross Rent Multiplier Actual: 17.92
  • Gross Rent Multiplier Projected: 10.14
  • Gross Sched Income Actual: 51600
  • Gross Sched Income Projected: 91200
  • Number Of Buildings: 7
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 3
  • Number Of Units With Garage: 3
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3
  • Other Income Projected: 300.0

Range of Values:

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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
11/08/2019 11/08/19 Sold $925,000 0.0% $163 / Sq Ft
09/01/2019 09/01/19 Pending -- -- --
08/27/2019 08/27/19 For Sale $925,000 -- $163 / 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: 190047702

San Diego MLS