NOT LISTED FOR SALE
8 Beds
8 Baths
3,900 Sq Ft
8,465 Sq Ft Lot

Sale Details

Date Sold: May 9, 2024

Last sale price $1,390,000 $356 Per Sq Ft

21 Days on Market

Highlights

  • Near a National Forest
  • Granite Countertops
  • Double Pane Windows
  • Main Floor Bedroom
  • No HOA
  • Cooling System Mounted To A Wall/Window

About This Home

As of May 2024

Nice fourplex in East Escondido, set back away from the street. Well built, 2 units up, 2 units down, all 2 bedroom, 2 bath with their own laundry closets. Each unit is roughly 975 square feet and has a private outdoor area. All have had some upgrades, some more than others. Four covered parking spots, 3 uncovered. Recent new roof. Close enough to shopping, schools, parks, but far enough from the traffic and noise... Steady, income producing property with very low turnover.

Last Agent to Sell the Property

Frank McLin

Heartland Real Estate Brokerage Email: frank@heartlandre.com License #00924501 Listed on: 03/09/2024

Last Buyer's Agent

Myrna Handley

Tri-City Real Estate License #00964761

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 8,465 Sq Ft Lot
  • Lot Dimensions are 70' x 121' x 70' x 121'
  • Two or More Common Walls
  • Northwest Facing Home
  • Partially Fenced Property
  • Wood Fence
  • Fence is in fair condition
  • Level Lot
  • Front Yard Sprinklers

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Turnkey
  • Mansard Roof Shape
  • Permanent Foundation
  • Membrane Roofing
  • Concrete Perimeter Foundation
  • Copper Plumbing
  • Stucco

Interior Spaces

  • Main Floor Bedroom
  • 3,900 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Panel Doors
  • Living Room
  • Living Room Balcony

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Free-Standing Range
  • Range Hood
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 3 Open Parking Spaces
  • 7 Parking Spaces
  • 4 Detached Carport Spaces
  • Parking Available
  • Driveway
  • Paved Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating
  • 220 Volts in Kitchen
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for telephone
  • Assessor Parcel Number 2310707400

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Near a National Forest

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $3,825
  • Professional Management Expense $5,350
  • Trash Expense $3,500
  • Water Sewer Expense $2,770
  • New Taxes Expense $14,000
  • Operating Expense $32,305
  • Gross Income $82,020
  • Net Operating Income $55,720

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

8,465 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • CapRate: 4.46
  • Professional Management Expense: 5350.00
  • Property Attached: Yes
  • Road Frontage Type: Maintained, City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Rancho Rincon
  • View: No
  • Water Sewer Expenses: 2770.00
  • Zoning: R-3: Restricted Multiple
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 2310707400
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Full, Granite Counters, Living Room Balcony
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Door Features: Panel Doors
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 356.41
  • Room Type: Kitchen, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: Northwest
  • Foundation: Concrete Perimeter, Permanent
  • Exterior Features: Lighting
  • Fence: Yes
  • Fencing: Fair Condition, Partial, Wood
  • Pool Private: No
  • Roof: Mansard, Membrane
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport, Detached Carport, Driveway, Paved, On Site, Private
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected
  • Sprinklers: Yes
  • Heating: No
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Cooktop, Free-Standing Range, Disposal, Range Hood, Refrigerator
  • Electric: 220 Volts in Kitchen, Electricity - On Property, Standard
  • Laundry Features: Dryer Included, Electric Dryer Hookup, In Closet, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 3500.00
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Blm/National Forest, Curbs, Sidewalks, Street Lights, Urban, Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Level, Sprinklers In Front
  • Lot Size: 70' x 121' x 70' x 121'
  • Lot Size Sq Ft: 8465.00
  • Lot Size Acres: 0.1943

Rental Info

  • Tenant Pays: Telephone

Multi Family

  • Average2 Bed Area: 975 Square Feet
  • Gross Income: 82020.00
  • Gross Multiplier: 15.24
  • Gross Operating Income: 79560.00
  • Gross Scheduled Income: 82020.00
  • Insurance Expense: 3825.00
  • Lot Size Area: 8465.0000 Square Feet
  • Net Operating Income: 55720.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 23840.00
  • Operating Expense Percent: 30.00
  • Rent Control: Yes
  • Total Actual Rent: 6850.00
  • Total Expenses: 32305.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 14000.00
  • Tax Lot: 00
  • Tax Tract Number: Pm0563

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

Closed on
May 30, 2025
Sold by
Bought by

Purchase Details

Listed on
Mar 9, 2024
Closed on
May 8, 2024
Sold by
Bought by
Seller's Agent
Frank McLin
Heartland Real Estate
Buyer's Agent
Myrna Handley
Tri-City Real Estate
List Price
$1,250,000
Sold Price
$1,390,000
Premium/Discount to List
$140,000
11.2%
Views
126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,042,500
Interest Rate
6.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 2022
Sold by
Bought by

Purchase Details

Closed on
Jun 30, 2022
Sold by
Bought by

Purchase Details

Closed on
Apr 21, 2014
Sold by
Bought by

Purchase Details

Closed on
Mar 28, 2014
Sold by
Bought by

Purchase Details

Closed on
Sep 15, 1999
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
-- None Listed On Document
$1,390,000 Ticor Title
$483,000 Chicago Title
-- Chicago Title
-- None Available
-- None Available
$260,000 Chicago Title Co
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
Previous Owner $1,042,500
Previous Owner $1,042,500
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
05/09/2024 05/09/24 Sold $1,390,000 +11.2% $356 / Sq Ft
03/30/2024 03/30/24 Pending -- -- --
03/09/2024 03/09/24 For Sale $1,250,000 -- $321 / 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
2026 $16,214 $1,446,156 $936,360 $509,796
2025 $14,288 $1,417,800 $918,000 $499,800
2024 $14,288 $1,250,000 $800,000 $450,000
2023 $8,472 $741,962 $366,472 $375,490
2022 $4,357 $376,399 $130,338 $246,061
2021 $4,287 $369,020 $127,783 $241,237
2020 $4,262 $365,237 $126,473 $238,764
2019 $4,160 $358,077 $123,994 $234,083
2018 $4,045 $351,057 $121,563 $229,494
2017 $40 $344,175 $119,180 $224,995
2016 $3,900 $337,428 $116,844 $220,584
2015 $3,868 $332,360 $115,089 $217,271
2014 $3,709 $325,850 $112,835 $213,015
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2401335

California Regional Multiple Listing Service (CRMLS)

APN: 231-070-74-00

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