NOT LISTED FOR SALE
5 Beds
2 Baths
1,795 Sq Ft
1959 Built

Sale Details

Date Sold: September 12, 2023

Last sale price $930,000 $518 Per Sq Ft

7 Days on Market

Highlights

  • Corner Lot
  • Partially Fenced Property
  • 1-Story Property

About This Home

As of September 2023

Two homes on one lot at 209 S Cedar St in Escondido! This property offers two detached homes with separate access on one lot. It's perfect for those who want to enjoy the benefits of added income by renting the second unit or for investors looking for rental income opportunities. The main house offers three large bedrooms, private backyard, and attached garage. The corner unit is a well maintained two bedroom home with a private yard and driveway, with strong in-place rental income. Excellent location is walking distance to shops and restaurants, making it convenient for your daily errands and dining needs. And with easy access to the freeway, you can quickly reach any destination in the San Diego area.

Last Agent to Sell the Property

Alexander Kohl

South Coast Commercial, Inc. License #02024212 Listed on: 08/03/2023

Last Buyer's Agent

Jennifer Griffeth

John Lemkau License #01992839

John Lemkau

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Lot Details

  • Partially Fenced Property
  • Corner Lot
  • Level Lot
  • Sprinklers on Timer

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 230-302-09-00

Community Details

Overview

  • Association fees include sewer, trash pickup, water
  • 2 Buildings
  • 2 Units

Building Details

  • Net Operating Income $10,110

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: North County
  • Cross Street: E 2nd AVe
  • Neighborhood: Central
  • LP / Sq Ft: 18.06
  • Stories: 1 Story
  • Sale Price List Price: 0.98
  • Total Stories: 1
  • Year Built: 1959
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: EAST ESCONDIDO
  • Home Owner Association Fee Includes: Sewer, Trash Pickup, Water

Lot Info

  • Irrigation: Automatic
  • Lot Size: 4,000-7,499 SF
  • Site: Corner Lot, Curbs, Public Street, Street Paved
  • Topography: Level
  • Assessor Parcel Number: 230-302-09-00

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 10110
  • Gross Rent Multiplier Actual: 33.0
  • Gross Rent Multiplier Projected: 13.1
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2

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

Listed on
Aug 3, 2023
Closed on
Aug 26, 2023
Sold by
Bought by
Seller's Agent
Alexander Kohl
South Coast Commercial, Inc.
Buyer's Agent
Jennifer Griffeth
John Lemkau
List Price
$950,000
Sold Price
$930,000
Premium/Discount to List
-$20,000
-2.11%
Views
70

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,000
Interest Rate
0.0681%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 20, 2013
Closed on
Sep 25, 2013
Sold by
Bought by
Seller's Agent
Michael Anet
Woodring Real Estate
Buyer's Agent
Jake Fair
Re/Max Associates
List Price
$370,000
Sold Price
$370,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.73%

Purchase Details

Closed on
Mar 20, 2013
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
$207,600
Interest Rate
0.0332%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 28, 2012
Sold by
Bought by

Purchase Details

Closed on
Sep 14, 2005
Sold by
Bought by

Purchase Details

Closed on
Mar 7, 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
$226,400
Interest Rate
0.056%
Mortgage Type
Commercial

Purchase Details

Closed on
May 21, 2004
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
$110,000
Interest Rate
0.0586%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 9, 2004
Sold by
Bought by

Purchase Details

Closed on
Nov 6, 2001
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$930,000 Ticor Title Company
$370,000 Chicago Title Company
-- None Available
-- None Available
-- --
-- Orange Coast Title
-- Chicago Title Co
-- --
$66,000 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
Open $430,000
Previous Owner $207,600
Previous Owner $226,400
Previous Owner $110,000
Previous Owner $67,000
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 Prior Sale
09/12/2023 09/12/23 Sold $930,000 -2.1% $518 / Sq Ft
08/11/2023 08/11/23 Pending -- -- --
08/03/2023 08/03/23 For Sale $950,000 +156.8% $529 / Sq Ft
10/11/2013 10/11/13 Sold $370,000 0.0% $206 / Sq Ft View Prior Sale
09/23/2013 09/23/13 Pending -- -- --
09/20/2013 09/20/13 For Sale $370,000 -- $206 / Sq Ft
Source: San Diego MLS

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
2025 $10,631 $948,599 $410,201 $538,398
2024 $10,631 $930,000 $402,158 $527,842
2023 $4,986 $435,945 $188,515 $247,430
2022 $4,933 $427,398 $184,819 $242,579
2021 $4,853 $419,019 $181,196 $237,823
2020 $4,825 $414,724 $179,339 $235,385
2019 $4,709 $406,593 $175,823 $230,770
2018 $4,579 $398,622 $172,376 $226,246
2017 $4,505 $390,807 $168,997 $221,810
2016 $4,419 $383,145 $165,684 $217,461
2015 $4,382 $377,391 $163,196 $214,195
2014 $4,201 $370,000 $160,000 $210,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 230015026

San Diego MLS

APN: 230-302-09-00

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