$649,999
PENDING $50K PRICE DROP

Estimated payment $4,198/month

Total Views 7,641
7 Beds
5 Baths
4,891 Sq Ft
$133 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Cul-De-Sac
  • Central Heating and Cooling System
  • No HOA
  • Laundry Room
  • Fenced

About This Home

Back on the Market! This S.W. fourplex fully rented! All four units include 2 car garages w/ washer/dryer hookups, & are separately metered for gas & electric. These units also have private patios & all the downstairs units have small backyards! One of the two bedroom units has a long term tenant paying below market rent creating an opportunity to create an increased cash flow. Check out this opportunity today!

Listing Agent

Shanti Brinsfield

Watson Realty Brokerage Phone: 661-978-7101 License #01350420 Listed on: 11/15/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,964

Year Built

  • Built in 1978

Lot Details

  • 9,150 Sq Ft Lot
  • Two or More Common Walls
  • Cul-De-Sac
  • Fenced
  • Fence is in average condition
  • Density is 2-5 Units/Acre

Parking

  • 8 Car Garage
  • Parking Available
  • Single Garage Door

Home Design

  • Traditional Architecture
  • Quadruplex
  • Cosmetic Repairs Needed
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,891 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tax Lot 24
  • Tax Tract Number 3813
  • Assessor Parcel Number 16428122
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,400
  • Insurance Expense $2,520
  • Maintenance Expense $2,000
  • Other Expense $1,500
  • Professional Management Expense $1,800
  • Trash Expense $400
  • New Taxes Expense $7,964
  • Operating Expense $19,040
  • Gross Income $51,900
  • Net Operating Income $33,631

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,964

Year Built

Built in 1978

Lot Details

0

Parking

8

Listing Details

  • Assessments: Yes
  • CapRate: 0.05
  • Price Per Unit: 162500
  • Professional Management Expense: 1800.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Architectural Style: Traditional
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1400.00
  • Parcel Number: 16428122
  • Year Built: 1978
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: Front Door
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 132.90
  • Room Type: Kitchen, Living Room

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Brick, Stucco

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Garage - Single Door
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Disposal, Refrigerator, Water Heater
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 400.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Cul-De-Sac
  • Lot Size Sq Ft: 9150.00
  • Lot Size Acres: 0.2101

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 51900.00
  • Gross Multiplier: 11.97
  • Gross Operating Income: 52671.00
  • Gross Scheduled Income: 54300.00
  • Insurance Expense: 2520.00
  • Lot Size Area: 9150.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 33631.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 3
  • Number With Refrigerator: 2
  • Operating Expense: 19040.00
  • Other Expense: 1500.00
  • Other Expense Description: Utilites
  • Rent Control: No
  • Total Actual Rent: 4525.00
  • Total Expenses: 19040.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 7964.00
  • Tax Lot: 24
  • Tax Tract Number: 3813
  • Tax Annual Amount: 7964.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $7,964 $476,278 $49,752 $426,526
2024 $7,964 $466,941 $48,777 $418,164
2023 $7,785 $457,787 $47,821 $409,966
2022 $7,581 $448,812 $46,884 $401,928
2021 $7,181 $440,013 $45,965 $394,048
2020 $7,042 $435,503 $45,494 $390,009
2019 $6,905 $435,503 $45,494 $390,009
2018 $6,751 $418,594 $43,728 $374,866
2017 $6,709 $410,387 $42,871 $367,516
2016 $6,185 $402,341 $42,031 $360,310
2015 $6,144 $396,298 $41,400 $354,898
2014 $2,387 $70,000 $30,000 $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2025 04/02/25 Sold $621,000 0.0% $127 / Sq Ft
03/07/2025 03/07/25 Off Market $621,000 -- --
02/21/2025 02/21/25 For Sale $649,999 +4.7% $133 / Sq Ft
02/14/2025 02/14/25 Off Market $621,000 -- --
02/08/2025 02/08/25 Price Changed $649,999 -3.7% $133 / Sq Ft
02/08/2025 02/08/25 For Sale $675,000 +8.7% $138 / Sq Ft
01/24/2025 01/24/25 Off Market $621,000 -- --
01/03/2025 01/03/25 Price Changed $675,000 -2.9% $138 / Sq Ft
12/20/2024 12/20/24 Price Changed $694,899 0.0% $142 / Sq Ft
12/03/2024 12/03/24 Price Changed $694,999 0.0% $142 / Sq Ft
12/03/2024 12/03/24 For Sale $694,999 -0.7% $142 / Sq Ft
11/27/2024 11/27/24 Pending -- -- --
11/15/2024 11/15/24 For Sale $699,999 -- $143 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $621,000 Chicago Title Company
Interfamily Deed Transfer -- Ticor Title San Diego Branch
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $335,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $262,000 New Conventional
Previous Owner $262,500 New Conventional
Previous Owner $200,000 Purchase Money Mortgage
Previous Owner $132,800 Unknown
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI24234170

California Regional Multiple Listing Service (CRMLS)

APN: 164-291-22-00-1