NOT LISTED FOR SALE

178 E East Dr Vista, CA 92084

Estimated Value: $870,000 - $1,111,795

5 Beds
4 Baths
2,247 Sq Ft
$431/Sq Ft Est. Value

Last Sold April 25, 2024

Last sale price $860,000 $383 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,621/month

258 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • No Heating

About This Home

As of April 2024

Two story duplex with late eighties construction located in the heart of the new and vibrant Vista Village. 3 br/2ba unit downstairs with one car garage. 2br/2ba unit upstairs with one car garage. Units have washer dryer/fridge/dishwashers and patios. Upper level 2br just turned over to fresh resident at market rent of $2,400. Downstairs unit has long term (10 year plus) resident well below market at $2,200. Potential to turn over to market rent of $2,900. Units run very lean with fresh exterior paint, well maintained driveways and recent roof repairs. 184 E. East next door also available with identical numbers. Listing agent is Owner. Agent note: Seller would like to sell 178,184 and 1042 as one bulk sale. All identical buildings, side by side. 1042 N. Citrus just recieved a $150,000 extensive interior remodel on both units and at market rents.

Last Agent to Sell the Property

Dale Lawrence

Dale Lawrence, Broker Brokerage Email: desertarea@gmail.com License #00689712 Listed on: 07/04/2023

Last Buyer's Agent

Rupande ShethnaShrimankar

Absolute Financial Inc License #01393528

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 7,399 Sq Ft Lot
  • 1 Common Wall
  • Density is 16-20 Units/Acre

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 2,247 Sq Ft Home
  • 2-Story Property

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • Exterior Lighting
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 85-3 #2 / 85-3
  • Tax Tract Number 11296
  • Assessor Parcel Number 1750301900
  • $1,498 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,250
  • Other Expense $1,000
  • Trash Expense $600
  • Water Sewer Expense $1,900
  • New Taxes Expense $10,500
  • Operating Expense $15,250
  • Gross Income $5,520
  • Net Operating Income $41,022

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 4.50
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1900.00
  • Zoning: R-2:MINOR MULTIPLE
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 1750301900
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 382.73

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, In Closet, Washer Hookup, Washer Included, Gas Dryer Hookup
  • Trash Expense: 600.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 7399.00
  • Lot Size Acres: 0.1699

Multi Family

  • Average2 Bed Area: 900
  • Average3 Bed Area: 1200
  • Gross Income: 5520.00
  • Gross Scheduled Income: 55200.00
  • Insurance Expense: 1250.00
  • Lot Size Area: 7399.0000 Square Feet
  • Net Operating Income: 41022.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 14178.00
  • Other Expense: 1000.00
  • Other Expense Description: misc
  • Rent Control: Yes
  • Total Actual Rent: 4400.00
  • Total Expenses: 15250.00

Tax Info

  • New Taxes Expense: 10500.00
  • Tax Block: 85-3
  • Tax Lot: 85-3 #2
  • Tax Tract Number: 011296
  • TaxOtherAnnualAssessmentAmount: 1497.64

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 4, 2023
Closed on
Apr 16, 2024
Sold by
Eagle Crest Holdings Llc
Bought by
Patel Bhavanabahen Panjeshkumar and Patel Panjeshkumar Chimanbhai
Seller's Agent
Dale Lawrence
Dale Lawrence, Broker
Buyer's Agent
Rupande ShethnaShrimankar
Absolute Financial Inc
List Price
$931,000
Sold Price
$860,000
Premium/Discount to List
-$71,000
-7.63%
Views
180
Current Estimated Value
$959,978

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,978
Avg. Annual Appreciation
6.87%
Original Mortgage
$817,000
Outstanding Balance
$804,465
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$163,484

Purchase Details

Closed on
Jun 13, 2016
Sold by
Service Kinsey T
Bought by
Eagle Crest Holdings Llc

Purchase Details

Closed on
Jul 13, 2007
Sold by
Service Gregg R and Service Kinsey T
Bought by
Service Gregg R and Service Kinsey T

Purchase Details

Closed on
May 2, 2002
Sold by
Rk Multifamily Income Fund Vi Llc
Bought by
Moret Gilbert A and Moret Margarita G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,975,000
Interest Rate
6.74%
Mortgage Type
Balloon

Purchase Details

Closed on
Apr 23, 2002
Sold by
Rk Multifamily Income Fund Vi Llc
Bought by
Service Gregg R and Service Kinsey T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,975,000
Interest Rate
6.74%
Mortgage Type
Balloon

Purchase Details

Closed on
Mar 13, 2001
Sold by
Serles James C and Serles Pamela A
Bought by
Serles James C and Serles Pamela A

Purchase Details

Closed on
May 8, 2000
Sold by
Moore John T and Moore Janice M
Bought by
Moore John T and Moore Janice M

Purchase Details

Closed on
Dec 2, 1998
Sold by
Rk Multifamily Income Fund Vi Llc
Bought by
Moore John T and Moore Janice M

Purchase Details

Closed on
Sep 9, 1998
Sold by
Rk Multifamily Income Fund Vi Llc
Bought by
Serles James C

Purchase Details

Closed on
May 27, 1998
Sold by
Rk Multifamily Income Vi Llc
Bought by
Gunther George and Gunther Elisa

Purchase Details

Closed on
Apr 16, 1998
Sold by
Rk Multifamily Income Fund Vi Llc
Bought by
Helber Carlyle L and Helber Rollene C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,612,500
Interest Rate
7.06%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 17, 1998
Sold by
Hawthorne Svgs Fsb
Bought by
Rk Multifamily Income Fund Vi Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,612,500
Interest Rate
7.06%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 21, 1997
Sold by
Eastcrest Apartment Ltd Partnership
Bought by
Hawthorne Svgs Fsb

Purchase Details

Closed on
May 31, 1989
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

Date Buyer Sale Price Title Company
Patel Bhavanabahen Panjeshkumar $860,000 Ticor Title Company
Eagle Crest Holdings Llc $1,430,000 Chicago Title Company
Service Gregg R -- None Available
Moret Gilbert A $80,000 Commonwealth Land Title Co
Borthwick Donald G -- Commonwealth Land Title Co
Service Gregg R -- Commonwealth Land Title Co
Serles James C -- --
Moore John T -- --
Moore John T -- --
Serles James C -- --
Gunther George -- --
Helber Carlyle L -- --
Rk Multifamily Income Fund Vi Llc $2,150,000 North American Title Co
Hawthorne Svgs Fsb -- North American Title Co
-- $2,740,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Bhavanabahen Panjeshkumar $817,000
Previous Owner Service Gregg R $2,975,000
Previous Owner Rk Multifamily Income Fund Vi Llc $1,612,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/25/2024 04/25/24 Sold $860,000 -5.5% $383 / Sq Ft
03/18/2024 03/18/24 Pending -- -- --
10/28/2023 10/28/23 Price Changed $910,000 -2.3% $405 / Sq Ft
07/04/2023 07/04/23 For Sale $931,000 -- $414 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,510 $877,200 $357,000 $520,200
2024 $7,510 $553,206 $158,996 $394,210
2023 $7,364 $542,360 $155,879 $386,481
2022 $7,349 $531,726 $152,823 $378,903
2021 $7,190 $521,301 $149,827 $371,474
2020 $7,142 $515,956 $148,291 $367,665
2019 $7,045 $505,840 $145,384 $360,456
2018 $6,765 $495,923 $142,534 $353,389
2017 $6,666 $486,200 $139,740 $346,460
2016 $3,971 $239,588 $68,629 $170,959
2015 $3,941 $235,991 $67,599 $168,392
2014 $3,853 $231,369 $66,275 $165,094
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2305152

California Regional Multiple Listing Service (CRMLS)

APN: 175-030-19