NOT LISTED FOR SALE

Estimated Value: $1,022,841

4 Beds
2 Baths
2,028 Sq Ft
$504/Sq Ft Est. Value

Sale Details

Date Sold: June 29, 2020

Last sale price $643,000 $317 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $6,826 / mo

14 Days on Market

Highlights

  • RV Access or Parking
  • Forced Air Heating System
  • Level Lot
  • Gated Parking
  • Gated Home

About This Home

As of June 2020

Beautiful Two-Unit Duplex located on a quite street in Lemon Grove. This is a very well-kept investment property with many owner updates. Each unit is a 2 bed, 1 bath, 1,014 sqft each. The upper unit has a new enclosed patio area that may be a bonus room. Attached 2-car garage, huge 2-story 200+sqft storage shed/outbuilding, large private yard and plenty of room for boat/RV parking. If you're looking for a turn-key rental property, this is a great opportunity. This turn-key investment opportunity has just gone through some major owner upgrades, including all new windows, doors & sliders, both units, interior and exterior have new paint, all sinks and bathtubs have been re-glazed, all electrical has been upgraded with Lemon Grove, SDG&E with new main panel/breaker box, new heating units & thermostats, new toilets and a new garage door. The upstairs unit has just converted the huge balcony into an optional room or bonus room (insulated, new windows/slider). Huge, two story outbuilding in the backyard is perfect for a workshop, huge play house, storage, game room etc.

Last Agent to Sell the Property

Jordan Griffin

Pierce & Co. License #01456601 Listed on: 05/07/2020

Co-Listed By

Ernest Pierce

Pierce & Co. License #01719375

Last Buyer's Agent

Lawrence Dy

Dycor Realty Inc. License #01749497

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • Gated Home
  • Partially Fenced Property
  • Level Lot

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Parking

  • Gated Parking
  • RV Access or Parking

Schools

  • Lemon Grove School Distict Elementary And Middle School
  • Grossmont Union High School District

Utilities

  • Forced Air Heating System
  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 480-573-04-00

Community Details

Overview

  • 2 Units

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

7,187 Sq Ft Lot

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: Palm
  • Neighborhood: Lemon Grove
  • Supplement: This turn-key investment opportunity has just gone through some major owner upgrades, including all new windows, doors & sliders, both units, interior and exterior have new paint, all sinks and bathtubs have been re-glazed, all electrical has been upgraded with Lemon Grove, SDG&E with new main panel/breaker box, new heating units & thermostats, new toilets and a new garage door. The upstairs unit has just converted the huge balcony into an optional room or bonus room (insulated, new windows/slider). Huge, two story outbuilding in the backyard is perfect for a workshop, huge play house, storage, game room etc.
  • Miscellaneous: Outbuilding
  • Stories: 2 Story
  • Sale Price List Price: 1.01
  • Total Stories: 2
  • Year Built: 1958
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

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

Garage/Parking

  • Parking for RV: Gated, On-Site Parking, Potential Space

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial)
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: LEMON GROVE

Schools

  • School District URL: http://www.guhsd.net/
  • Elementary School: Lemon Grove School Distict
  • Elementary School Website: http://www.lgsd.k12.ca.us/lgsd/default.htm
  • High School: Grossmont Union High School District
  • Middle School Url: http://www.lgsd.k12.ca.us/lgsd/default.htm
  • Middle School: Lemon Grove School Distict

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Site: Street Paved
  • Topography: Level
  • Zoning: R2
  • Assessor Parcel Number: 480-573-04-00

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • No. of Units: 2
  • Gross Rent Multiplier Actual: 15.2
  • Gross Rent Multiplier Projected: 15.2
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 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

Closed on
Mar 7, 2022
Sold by
Bought by
Current Estimated Value
$1,022,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$757,500
Outstanding Balance
$691,176
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$331,665

Purchase Details

Closed on
Feb 17, 2022
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
$757,500
Outstanding Balance
$691,176
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$331,665

Purchase Details

Closed on
Jan 26, 2022
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
$757,500
Outstanding Balance
$691,176
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$331,665

Purchase Details

Listed on
May 7, 2020
Closed on
May 30, 2020
Sold by
Bought by
Seller's Agent
Jordan Griffin
Pierce & Co.
Buyer's Agent
Lawrence Dy
Dycor Realty Inc.
List Price
$639,000
Sold Price
$643,000
Premium/Discount to List
$4,000
0.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.96%
Original Mortgage
$631,353
Interest Rate
3.2%
Mortgage Type
FHA

Purchase Details

Closed on
May 2, 2018
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
$413,000
Interest Rate
7.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 18, 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
$147,223
Interest Rate
6.88%
Mortgage Type
FHA
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
-- None Listed On Document
-- First American Title
$1,010,000 First American Title
$643,000 Innovative Title Company
$590,000 First American Title Company
-- Southland Title
$150,000 Southland Title
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 $757,500
Closed $757,500
Previous Owner $620,000
Previous Owner $631,353
Previous Owner $426,000
Previous Owner $413,000
Previous Owner $147,223
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
06/29/2020 06/29/20 Sold $643,000 +0.6% $317 / Sq Ft
05/22/2020 05/22/20 Pending -- -- --
05/07/2020 05/07/20 For Sale $639,000 -- $315 / 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
2026 $15,040 $1,093,254 $703,580 $389,674
2025 $13,961 $1,071,819 $689,785 $382,034
2024 $13,961 $1,050,804 $676,260 $374,544
2023 $13,603 $1,030,200 $663,000 $367,200
2022 $9,264 $662,653 $456,540 $206,113
2021 $9,143 $649,661 $447,589 $202,072
2020 $8,620 $601,799 $280,837 $320,962
2019 $8,482 $590,000 $275,331 $314,669
2018 $3,686 $206,515 $96,373 $110,142
2017 $3,619 $202,467 $94,484 $107,983
2016 $3,475 $198,498 $92,632 $105,866
2015 $3,458 $195,517 $91,241 $104,276
2014 $3,341 $191,688 $89,454 $102,234
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 200020616

San Diego MLS

APN: 480-573-04

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