NOT LISTED FOR SALE

2657 Buena Vista Ave Lemon Grove, CA 91945

Estimated Value: $808,885 - $1,055,000

6 Beds
4 Baths
2,000 Sq Ft
$476/Sq Ft Est. Value

Last Sold August 31, 2012

Last sale price $386,000 $193 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $5,641/month

34 Days on Market

Highlights

  • Panoramic View
  • Partially Fenced Property
  • Level Lot

About This Home

As of August 2012

Bread & Butter two story remodeled stucco building. The lower unit is rented to sec 8 at $1,600.00 per month. The Top unit is empty for viewing, both units have the same footprint each are 3br & 2ba, 1,000 sq ft with custom tile work, dishwasher, stove,microwave & fridgerator. You can live in one unit and rent the other or rent both for nice cash flow..Large off street parking lot, very low maintence & yearly expenses make this income property a great place to park your money.

Last Agent to Sell the Property

Mike Althof

Hunter & Maddox Intl. Inc. License #01245962 Listed on: 07/10/2012

Last Buyer's Agent

Hui Wang

Nautilus Real Estate License #01855393

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,562

Year Built

  • 1979

Lot Details

  • Partially Fenced Property
  • Level Lot

Property Views

  • Panoramic
  • City Lights
  • Mountain

Home Design

  • Composition Roof

Interior Spaces

  • 2-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 480-491-25-00

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • 2 Units
  • Net Operating Income $40,680

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,562

Year Built

1979

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: East County
  • Cross Street: SAN MIGUEL
  • Neighborhood: LEMON GROVE
  • Stories: 2 Story
  • Sale Price List Price: 0.97
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1979

Exterior Features

  • Fencing: Partial
  • Roof: Composition
  • View: Evening Lights, Mountains/Hills, Panoramic

Utilities

  • Cooling: Wall/Window
  • Sewer/Septic: Sewer Connected
  • Water: Available
  • Water Heater Type: Gas

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: LEMON GROVE
  • Manager Name: ROBERT ERB
  • Manager Phone: 619.204.9070

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Public Street, Street Paved
  • Topography: Level
  • Zoning: 2 Units
  • Assessor Parcel Number: 480-491-25-00
  • Land Use Code: R2

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 40680
  • Annual Expense Actual: 2500
  • Annual Expense Projected: 2500
  • Gross Rent Multiplier Actual: 10
  • Gross Rent Multiplier Projected: 10
  • Gross Sched Income Actual: 38400
  • Gross Sched Income Projected: 42000
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 30, 2014
Sold by
Liu Xiaobing and Har Kian L
Bought by
Fortner Jessica and Ivanov Anton A
Current Estimated Value
$915,264

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,898
Interest Rate
4.38%
Mortgage Type
VA

Purchase Details

Listed on
Jul 10, 2012
Closed on
Aug 6, 2012
Sold by
Kiki Yakov Ben and Kiki Anat Ben
Bought by
Liu Xiaobing and Har Kian L
Seller's Agent
Mike Althof
Hunter & Maddox Intl. Inc.
Buyer's Agent
Hui Wang
Nautilus Real Estate
List Price
$400,000
Sold Price
$386,000
Premium/Discount to List
-$14,000
-3.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.83%
Original Mortgage
$289,500
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2010
Sold by
R & D Management Group Llc
Bought by
Kiki Yakov Ben and Kiki Anat Ben

Purchase Details

Closed on
Nov 20, 2008
Sold by
Bragg Dennis
Bought by
R & D Management Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 10, 2008
Sold by
Bragg Francena
Bought by
Bragg Dennis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 9, 2008
Sold by
U S Bank Na
Bought by
Bragg Dennis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 31, 2008
Sold by
Cunha Sergio Alves and Silva Cidalia Maria
Bought by
U S Bank Na

Purchase Details

Closed on
Mar 8, 2005
Sold by
Schuetz Thomas C
Bought by
Cunha Sergio Alves and Silva Cidalia Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$515,700
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 26, 2002
Sold by
Schuetz Rebecca F
Bought by
Schuetz Thomas C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
6.86%

Purchase Details

Closed on
Jun 25, 2002
Sold by
Gonzalez Leonardo
Bought by
Schuetz Thomas C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
6.86%

Purchase Details

Closed on
Sep 2, 1998
Sold by
First Bank National Assn
Bought by
Gonzalez Leonardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,700
Interest Rate
6.6%
Mortgage Type
VA

Purchase Details

Closed on
Nov 12, 1997
Sold by
Marron Nancy M and Damato Francesco
Bought by
Holders United Mtg Securities Corp Condu

Purchase Details

Closed on
Jun 25, 1993

Purchase Details

Closed on
Jun 23, 1993
Sold by
Barrera Valentin and Barrera Amalia I
Bought by
Marron Nancy Miriam

Purchase Details

Closed on
Sep 29, 1992

Purchase Details

Closed on
Feb 28, 1990

Purchase Details

Closed on
Dec 17, 1986
Source: Public Records

Range of Values:

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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
Fortner Jessica $430,000 Stewart Title
Liu Xiaobing $386,000 Ticor Title
Kiki Yakov Ben $360,000 Chicago Title
R & D Management Group Llc -- None Available
Bragg Dennis -- Chicago Title
Bragg Dennis $239,000 Chicago Title
U S Bank Na $255,731 North American Title Company
Cunha Sergio Alves $573,000 Lawyers Title San Diego
Schuetz Thomas C -- Lawyers Title
Schuetz Thomas C $330,000 Lawyers Title Company
Gonzalez Leonardo $135,000 Southland Title
Holders United Mtg Securities Corp Condu $111,000 Texas National Title
-- $165,000 --
Marron Nancy Miriam -- --
-- $160,000 --
-- $160,000 --
-- $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fortner Jessica $402,000
Closed Fortner Jessica $405,898
Previous Owner Liu Xiaobing $289,500
Previous Owner Bragg Dennis $239,000
Previous Owner Cunha Sergio Alves $515,700
Previous Owner Schuetz Thomas C $264,000
Previous Owner Gonzalez Leonardo $166,860
Previous Owner Gonzalez Leonardo $137,700
Closed Schuetz Thomas C $66,000
Closed Cunha Sergio Alves $57,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2012 08/31/12 Sold $386,000 -3.5% $193 / Sq Ft
08/13/2012 08/13/12 Pending -- -- --
07/10/2012 07/10/12 For Sale $400,000 -- $200 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

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 $7,562 $527,108 $204,834 $322,274
2024 $7,562 $516,773 $200,818 $315,955
2023 $7,385 $506,641 $196,881 $309,760
2022 $7,350 $496,708 $193,021 $303,687
2021 $7,259 $486,970 $189,237 $297,733
2020 $7,169 $481,978 $187,297 $294,681
2019 $7,027 $472,528 $183,625 $288,903
2018 $6,869 $463,264 $180,025 $283,239
2017 $150 $454,182 $176,496 $277,686
2016 $6,434 $445,278 $173,036 $272,242
2015 $6,397 $438,590 $170,437 $268,153
2014 $5,735 $387,752 $150,681 $237,071
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 120034980

San Diego MLS

APN: 480-491-25