NOT LISTED FOR SALE

343 Claydelle Ave El Cajon, CA 92020

11 Beds
-- Bath
4,176 Sq Ft
9,865 Sq Ft Lot

Last Sold March 26, 2024

Last sale price $1,950,000 $467 Per Sq Ft

19 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Grossmont High School Rated A-
  • Park
  • 5-minute walk to Prescott Promenade

About This Home

As of March 2024

SELLER WILL ENTERTAIN OFFERS BETWEEN $1,999,000 - $2,099,000 4 FULLY RENOVATED UNITS PLUS 3/2 HOUSE W/2 CAR GAR! CASHFLOW AND PERFECT FOR INVESTORS, OWNER OCCUPANT, OR CLIENTS NEEDING A PROPERTY TO 1031 INTO BEFORE SELLING! Pleased to present these charming units located in a serene pocket of prime downtown El Cajon surrounded by Trendy Restaurant's & Shopping. The Renovated Front house is approx.1,100 Sqft. It has a New 40 Yr Roof & New Pella Windows for Great insulation. Central A/C & Heat, Panel doors. Gourmet Kitchen, Built-in Microwave & Dishwasher. Convenient 2 Car Garage attached. Separate Laundry Room & small backyard & patio. The (4) 2 Story Apartments behind the House are spacious w/Aprox 800 SF 2BR 1BA units with a true home lifestyle feeling, each units have large, renovated gourmet kitchens, w/pantries & Beautiful New Vinyl Plank waterproof flooring in Living Room's & Kitchens. New Pella Dual Paned windows thru out. Lots of off street parking. The property has been meticulously maintained, including all new roofs, exterior rehab with stucco improvements and new paint, beautiful landscaping, fruit trees and of course tasteful interior renovation. New 40 Year Dow Corning Duration Roofs, fully permitted at a cost of over $50,000. The current rents are LOW & Proforma Rents will deliver an even more fantastic cashflow...Coin Operated Separate Laundry room for the (4) Rear Units = Great extra income! $ . Please drive-by only, Show with accepted offer only. DO NOT GO ON THE PROPERTY!! Front House has converted 3rd Bedroom from Utility Room - Permits unknown. Buyer to verify all information.

Last Agent to Sell the Property

Rick Calderone

Coldwell Banker West Brokerage Email: conversionpros@yahoo.com License #00883027 Listed on: 02/05/2024

Coldwell Banker West

Last Buyer's Agent

Jeff Diller

Bridgepoint Realty Inc License #01959483

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 9,865 Sq Ft Lot
  • Two or More Common Walls
  • West Facing Home
  • Density is 11-15 Units/Acre

Parking

  • 6 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Turnkey

Interior Spaces

  • 11 Bedrooms
  • 4,176 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • No Heating
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for telephone
  • Tax Lot #1 Tr 1173 BLK 8*W1/2 MAP
  • Tax Tract Number 23000
  • Assessor Parcel Number 4882410700

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Recreation

  • Park
  • Bike Trail

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,800
  • Gardener Expense $600
  • Insurance Expense $1,925
  • Trash Expense $2,640
  • Water Sewer Expense $3,000
  • New Taxes Expense $25,200
  • Operating Expense $35,165
  • Gross Income $124,440
  • Net Operating Income $89,275

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 4.46
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 3000.00
  • Zoning: R-3
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 4882410700
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: No
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 466.95

Exterior Features

  • Direction Faces: West
  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Cable Connected, Electricity Connected
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Common Area, Individual Room, Inside
  • Trash Expense: 2640.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights, Biking, Park

Lot Info

  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 9865.00
  • Lot Size Acres: 0.2265

Rental Info

  • Tenant Pays: Telephone

Multi Family

  • Average1 Bed Area: 1100 Square Feet
  • Average2 Bed Area: 800 Square Feet
  • Average3 Bed Area: 800 Square Feet
  • Electric Expense: 1800.00
  • Gross Income: 124440.00
  • Gross Multiplier: 16.00
  • Gross Operating Income: 124440.00
  • Gross Scheduled Income: 122340.00
  • Insurance Expense: 1925.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 2100.00
  • Lot Size Area: 9865.0000 Square Feet
  • Net Operating Income: 89275.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number With Dishwasher: 1
  • Number With Disposal: 5
  • Number With Drapes: 5
  • Number With Patio: 1
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Operating Expense: 35165.00
  • Rent Control: No
  • Total Actual Rent: 10195.00
  • Total Expenses: 35165.00

Tax Info

  • New Taxes Expense: 25200.00
  • Tax Census Tract: 060730158.023000
  • Tax Lot: #1 Tr 1173 BLK 8*W1/2 MAP
  • Tax Tract Number: 023000
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Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2024 03/26/24 Sold $1,950,000 -2.5% $467 / Sq Ft
02/24/2024 02/24/24 Pending -- -- --
02/12/2024 02/12/24 Price Changed $1,999,000 -4.8% $479 / Sq Ft
02/05/2024 02/05/24 For Sale $2,099,000 -- $503 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,385 $1,989,000 $1,326,000 $663,000
2024 $10,385 $572,071 $188,273 $383,798
2023 $9,891 $560,855 $184,582 $376,273
2022 $9,519 $549,859 $180,963 $368,896
2021 $8,788 $539,078 $177,415 $361,663
2020 $8,847 $533,551 $175,596 $357,955
2019 $6,695 $523,090 $172,153 $350,937
2018 $6,340 $512,834 $168,778 $344,056
2017 $30 $502,779 $165,469 $337,310
2016 $6,010 $492,922 $162,225 $330,697
2015 $5,980 $485,519 $159,789 $325,730
2014 $5,865 $476,009 $156,659 $319,350
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2400702

California Regional Multiple Listing Service (CRMLS)