NOT LISTED FOR SALE

2831 Crane St Lemon Grove, CA 91945

Estimated Value: $835,000 - $1,085,000

4 Beds
2 Baths
-- Sq Ft
0.34 Acres

Last Sold June 30, 2023

Last sale price $899,000

Est. 7% increase in value since last sale

Current estimated payment $5,954/month

32 Days on Market

Highlights

  • Central Air
  • Property is Fully Fenced
  • 1-Story Property

About This Home

As of June 2023

Welcome to this beautifully remodeled duplex in the charming Lemon Grove community. This property includes two spacious 2 bedroom and 1 bathroom units, each with its own parking space and expansive backyard. Over 200k spent on upgrades to this home. This stunning duplex has been completely remodeled from top to bottom, featuring brand new paint, flooring, appliances, AC/heating, and a brand new sewer line. With the city's approval, the garage has been approved by the city to build a separate unit/ ADU, offering additional space and rental income potential. The property is currently occupied by excellent tenants, making this an ideal opportunity for investors seeking a turn-key income-generating property. Don't miss this incredible opportunity to own a beautifully renovated duplex with great rental potential in a sought-after Lemon Grove community.

Last Agent to Sell the Property

Joe Corbisiero

Compass License #01886351 Listed on: 05/10/2023

Compass

Last Buyer's Agent

Hazael Garay

eXp Realty of California, Inc. License #02151603

eXp Realty of California, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.34 Acre Lot
  • Property is Fully Fenced

Home Design

  • Stucco Exterior

Additional Features

  • 1-Story Property
  • Central Air

Listing and Financial Details

  • Tenant pays for water, cable TV, electricity, gas/propane
  • Assessor Parcel Number 503-243-31-00

Community Details

Overview

  • 2 Units
  • Crane St Community

Building Details

  • Net Operating Income $4,320

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: Golden Ave
  • Neighborhood: Lemon Grove
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 1961
  • 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: Full

Utilities

  • Cooling: Central Forced Air

Condo/Co-op/Association

  • Complex Name: Crane St
  • Community: LEMON GROVE

Lot Info

  • Lot Size: .25 to .5 AC
  • Zoning: R-2:MINOR
  • Assessor Parcel Number: 503-243-31-00
  • Estimated Lot Sq Ft: 14853
  • Estimated Number of Acres: 0.34
  • Map Code Column: J
  • Map Code Page: 1270
  • Map Code Row: 7

Rental Info

  • Tenant Pays: Water, Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 4320
  • Gross Rent Multiplier Actual: 14.6
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2023
Closed on
Jun 20, 2023
Sold by
My Way Re Solutions Inc
Bought by
Garcia Nancy
Seller's Agent
Joe Corbisiero
Compass
Buyer's Agent
Hazael Garay
eXp Realty of California, Inc.
List Price
$929,000
Sold Price
$899,000
Premium/Discount to List
-$30,000
-3.23%
Views
120
Current Estimated Value
$959,114

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,114
Avg. Annual Appreciation
2.54%
Original Mortgage
$719,200
Outstanding Balance
$699,969
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$259,145

Purchase Details

Closed on
Jul 7, 2022
Sold by
Gomez Francisco J and Gomez Christina
Bought by
My Way Re Solutions Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$763,400
Interest Rate
5.09%
Mortgage Type
Construction

Purchase Details

Listed on
Jul 29, 2013
Closed on
Oct 14, 2013
Sold by
Brouard Barbara
Bought by
Gomez Francisco J and Gomez Christina
Seller's Agent
Catherine Zolezzi
Coldwell Banker West
Buyer's Agent
Manuel Lopez
Casa Bonita Realty
List Price
$355,000
Sold Price
$355,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.48%
Original Mortgage
$266,250
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 8, 1999
Sold by
Vidali Joseph J
Bought by
State Of California
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Garcia Nancy $899,000 First American Title
My Way Re Solutions Inc $640,000 First American Title
Gomez Francisco J $355,000 Lawyers Title
State Of California -- United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Nancy $719,200
Previous Owner My Way Re Solutions Inc $763,400
Previous Owner Gomez Francisco J $266,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2023 06/30/23 Sold $899,000 0.0% --
06/12/2023 06/12/23 Pending -- -- --
05/19/2023 05/19/23 Price Changed $899,000 -3.2% --
05/10/2023 05/10/23 For Sale $929,000 +161.7% --
11/14/2013 11/14/13 Sold $355,000 0.0% $194 / Sq Ft View Prior Sale
10/08/2013 10/08/13 Pending -- -- --
07/29/2013 07/29/13 For Sale $355,000 -- $194 / Sq Ft
Source: San Diego MLS

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 $11,677 $935,317 $393,652 $541,665
2024 $11,677 $916,979 $385,934 $531,045
2023 $7,732 $594,000 $250,000 $344,000
2022 $5,615 $410,072 $173,104 $236,968
2021 $5,540 $402,032 $169,710 $232,322
2020 $5,478 $397,910 $167,970 $229,940
2019 $5,393 $390,109 $164,677 $225,432
2018 $5,273 $382,461 $161,449 $221,012
2017 $5,196 $374,963 $158,284 $216,679
2016 $5,015 $367,612 $155,181 $212,431
2015 $4,985 $362,092 $152,851 $209,241
2014 $4,790 $355,000 $149,857 $205,143
Source: Public Records

Agents Affiliated with this Home

  • Joe Corbisiero

    Seller's Agent in 2023

    Joe Corbisiero

    Compass

    (760) 201-9252

    2 in this area

    77 Total Sales

    Joe Corbisiero
    Section Image
  • Hazael Garay

    Buyer's Agent in 2023

    Hazael Garay

    eXp Realty of California, Inc.

    (619) 629-6629

    1 in this area

    33 Total Sales

    Hazael Garay
    Section Image
  • Catherine Zolezzi

    Seller's Agent in 2013

    Catherine Zolezzi

    Coldwell Banker West

    (619) 672-0203

    21 Total Sales

    Catherine Zolezzi
    Section Image
  • Manuel Lopez

    Buyer's Agent in 2013

    Manuel Lopez

    Casa Bonita Realty

    (619) 600-4443

    11 Total Sales

    Manuel Lopez
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 230008644

San Diego MLS

APN: 503-243-31

California San Diego County Lemon Grove 91945

2831 Crane St, Lemon Grove, CA

Not Listed for Sale

MultiFamily

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