Seller's Agent in 2021
Max Delbecq
Top Gun CRE
(619) 550-4293
9 Total Sales
209-15 Millar Ave El Cajon, CA 92020
El Cajon Area
3
Beds
2
Baths
2,508
Sq Ft
8,085
Sq Ft Lot
Highlights
- Property is near public transit
- Private Yard
- Laundry Facilities
- Grossmont High School Rated A-
- Landscaped
- Paved or Partially Paved Lot
About This Home
As of June 2021*FINANCIALS ARE PRO-FORMA - CURRENT RENTS ARE SIGNIFICANTLY BELOW MARKET*. Value-add 4plex in central El Cajon. Minutes to downtown El Cajon, transit center, restaurants, and retail. Quiet, family-friendly neighborhood near major freeways. (2) 2bed+1bath (roughly 750 SF), (2) 1bed+1bath units (roughly 500 SF). According to assessor building records, the front duplex was built 1955; rear duplex built 1979. (8) off-street parking spaces. Larger 8,085 SF lot - may be possible to add ADUs. Roughly 45% upside in rents. Units are in mostly original condition with some minor upgrades. Unit 213 (2bed+1bath) is more recently upgraded with newer flooring, cabinets, and in-unit W/D. Separately metered for all utilities. Common-area coin-op. laundry. (2) rear storage rooms. Fenced front and rear yard areas with natural grass. Ready for further renovations. Resurfaced parking area and exterior painting completed in 2020 ($30K+ in total upgrades). All tenants on month-month leases.
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1955
Lot Details
- 8,085 Sq Ft Lot
- 1 Common Wall
- Landscaped
- Paved or Partially Paved Lot
- Level Lot
- Private Yard
- Lawn
- Garden
- Back and Front Yard
Home Design
- Quadruplex
Interior Spaces
- 2,508 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Outdoor Features
- Exterior Lighting
Location
- Property is near public transit
- Urban Location
- Suburban Location
Listing and Financial Details
- Tax Lot 487-282-10-00
- Tax Tract Number 487
- Assessor Parcel Number 4872821000
Community Details
Overview
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Insurance Expense $1,003
- Trash Expense $2,760
- New Taxes Expense $10,875
- Operating Expense $22,744
- Gross Income $75,600
- Net Operating Income $50,696
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
Mar 6, 2024
Sold by
Bought by
Purchase Details
Listed on
Apr 14, 2021
Closed on
May 20, 2021
Sold by
Bought by
Seller's Agent
Max Delbecq
Top Gun CRE
Buyer's Agent
Farid Khayamian
Bluxen, Inc.
List Price
$895,000
Sold Price
$938,000
Premium/Discount to List
$43,000
4.8%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,400
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 21, 2017
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
3.88%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 26, 2017
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
3.88%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 12, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,800
Interest Rate
3%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Jan 24, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,500
Interest Rate
5.97%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 12, 1998
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
6.42%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 23, 1998
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
6.42%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 11, 1988
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 | ||
| $938,000 | Lawyers Title Company | ||
| -- | First American Title Company | ||
| -- | First American Title Company | ||
| $621,000 | Chicago Title Company | ||
| -- | Fidelity National Title Co | ||
| -- | Fidelity National Title Co | ||
| $150,000 | First American Title | ||
| -- | First American Title | ||
| $160,000 | -- |
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 | $750,400 | ||
| Previous Owner | $490,000 | ||
| Previous Owner | $496,800 | ||
| Previous Owner | $113,500 | ||
| Previous Owner | $112,500 |
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 |
|---|---|---|---|---|
| 06/10/2021 06/10/21 | Sold | $938,000 | +4.8% | $374 / Sq Ft |
| 05/10/2021 05/10/21 | Pending | -- | -- | -- |
| 04/30/2021 04/30/21 | For Sale | $895,000 | 0.0% | $357 / Sq Ft |
| 04/24/2021 04/24/21 | Pending | -- | -- | -- |
| 04/14/2021 04/14/21 | For Sale | $895,000 | -- | $357 / 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 | $15,331 | $1,118,430 | $702,270 | $416,160 |
| 2025 | $14,404 | $1,096,500 | $688,500 | $408,000 |
| 2024 | $14,404 | $995,411 | $398,163 | $597,248 |
| 2023 | $14,120 | $975,894 | $390,356 | $585,538 |
| 2022 | $13,835 | $956,759 | $382,702 | $574,057 |
| 2021 | $11,806 | $784,010 | $313,603 | $470,407 |
| 2020 | $11,407 | $775,972 | $310,388 | $465,584 |
| 2019 | $9,322 | $760,757 | $304,302 | $456,455 |
| 2018 | $9,171 | $745,841 | $298,336 | $447,505 |
| 2017 | $9,054 | $731,218 | $292,487 | $438,731 |
| 2016 | $8,693 | $716,881 | $286,752 | $430,129 |
| 2015 | $8,649 | $706,114 | $282,445 | $423,669 |
| 2014 | $8,482 | $692,283 | $276,913 | $415,370 |
Source: Public Records
Agents Affiliated with this Home
-
Max Delbecq
-
Farid Khayamian
Buyer's Agent in 2021
Farid Khayamian
Bluxen, Inc.
(858) 535-0000
108 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PTP2102542
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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