Seller's Agent in 2020
Terry Moore
ACI Apartments
(619) 889-1031
37 Total Sales
1551 Montecito Rd Ramona, CA 92065
22
Beds
13
Baths
36,248
Sq Ft
5.28
Acres Lot
Highlights
- Heated Pool
- Tile Flooring
- Central Heating and Cooling System
About This Home
As of November 2020DRAMATIC PRICE REDUCTION! Sellers will guarantee 93% of collections for six months. There are 38 legal units; former office space was converted into two non-permitted 2 Bed/1 bath units. Next owner might not have a separate rental office. This asset also has washer/ dryer hookups, individual water heaters, central heat and air, fireplaces and interior panel doors in the 38 original units. Gated entry for people and vehicles gives residents peace of mind. Tenants enjoy a sparkling pool and carport parking. Enclosing carports or adding vinyl windows, or upgrading kitchens or baths could boost income. The parcel goes back to Santa Maria Creek. The general plan shows three zones for this lot, one of which is for single family homes. Buyer may want to investigate the possibilities of adding more buildings. Terry Moore, real estate licensee, is a part owner of this asset. Sellers have upgraded many units on turnover.
Property Details
Home Type
- Multi-Family
Lot Details
- 5.28
Home Design
- Composition Roof
Interior Spaces
- 22 Bedrooms
- 36,248 Sq Ft Home
- 2-Story Property
Flooring
- Wall to Wall Carpet
- Tile
Parking
- 60 Parking Spaces
- 38 Carport Spaces
- Parking Available
Additional Features
- Heated Pool
- Number of ADU Units: 8
- Central Heating and Cooling System
Listing and Financial Details
- Total Actual Rent $64,609
Community Details
Overview
- 38 Units
Building Details
- 38 Leased Units
- Operating Expense $310,882
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/30/2020 11/30/20 | Sold | $8,270,000 | -0.9% | $228 / Sq Ft |
| 10/09/2020 10/09/20 | Pending | -- | -- | -- |
| 09/29/2020 09/29/20 | Price Changed | $8,349,000 | -2.9% | $230 / Sq Ft |
| 09/24/2020 09/24/20 | For Sale | $8,599,000 | 0.0% | $237 / Sq Ft |
| 07/24/2020 07/24/20 | Pending | -- | -- | -- |
| 07/17/2020 07/17/20 | Price Changed | $8,599,000 | -4.4% | $237 / Sq Ft |
| 05/07/2020 05/07/20 | Price Changed | $8,995,000 | -5.6% | $248 / Sq Ft |
| 03/03/2020 03/03/20 | Price Changed | $9,525,000 | -1.3% | $263 / Sq Ft |
| 02/12/2020 02/12/20 | For Sale | $9,650,000 | -- | $266 / Sq Ft |
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 | $132,404 | $8,951,712 | $6,494,592 | $2,457,120 |
| 2024 | $132,404 | $8,776,190 | $6,367,248 | $2,408,942 |
| 2023 | $123,048 | $8,604,108 | $6,242,400 | $2,361,708 |
| 2022 | $129,050 | $8,435,400 | $6,120,000 | $2,315,400 |
| 2021 | $127,611 | $8,270,000 | $6,000,000 | $2,270,000 |
| 2020 | $108,276 | $6,440,470 | $2,706,080 | $3,734,390 |
| 2019 | $106,040 | $6,314,187 | $2,653,020 | $3,661,167 |
| 2018 | $103,570 | $6,190,380 | $2,601,000 | $3,589,380 |
| 2017 | $102,272 | $6,069,000 | $2,550,000 | $3,519,000 |
| 2016 | $99,590 | $5,950,000 | $2,500,000 | $3,450,000 |
| 2015 | $52,834 | $1,649,565 | $549,427 | $1,100,138 |
| 2014 | $50,846 | $1,617,253 | $538,665 | $1,078,588 |
Source: Public Records
Agents Affiliated with this Home
-
Terry Moore
Map
Source: San Diego MLS
MLS Number: 200007182
APN: 281-100-26-00
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