NOT LISTED FOR SALE

Estimated Value: $667,000 - $886,146

3 Beds
3 Baths
1,242 Sq Ft
$617/Sq Ft Est. Value

Last Sold October 19, 2023

Last sale price $620,000 $499 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $4,779/month

176 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Fenced
  • Private Yard
  • Laundry Room
  • Paved or Partially Paved Lot

About This Home

As of October 2023

Perfect investment opportunity bordering Talmadge, Just south of El Cajon Blvd.Tons of upside on this one, make this rent ready while building equity. Front House is a large 1br 1 ba craftsman style home with architectural Integrity; original fireplace, hardwood floors, and tons charm. Back house is 2 br 2 ba, w/ separate entrance and off street parking spaces. Duplex has separate gas and electric meters . Fixer, investor buyer needed, front unit to remain in place and back unit to be delivered vacant.

Last Agent to Sell the Property

Jennifer Romero

HomeSmart Realty West License #01322850 Listed on: 02/07/2023

HomeSmart Realty West

Co-Listed By

Michael Kelley

HomeSmart Realty West License #01253379

Last Buyer's Agent

Jennifer Romero

HomeSmart Realty West License #01322850 Listed on: 02/07/2023

HomeSmart Realty West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,672

Year Built

  • Built in 1932

Lot Details

  • 3,476 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Fence is in average condition
  • Paved or Partially Paved Lot
  • Private Yard

Home Design

  • Property Attached
  • Cosmetic Repairs Needed

Interior Spaces

  • 1,242 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Additional Features

  • Property is near public transit
  • No Heating

Listing and Financial Details

  • Tax Lot 4712721200
  • Tax Tract Number 1368
  • Assessor Parcel Number 4712721200
  • $55 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $500
  • Trash Expense $50
  • New Taxes Expense $8,120
  • Operating Expense $27,000
  • Gross Income $33,000
  • Net Operating Income $27,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,672

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 5.00
  • Price Per Unit: 307500
  • Property Attached: Yes
  • View: No
  • Zoning: R-4:MULTIPLE RESIDENTIAL
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 4712721200
  • Year Built: 1932
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 499.19

Exterior Features

  • Fence: Yes
  • Fencing: Average Condition, Privacy
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 50.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Near Public Transit, Paved, Yard
  • Lot Size Sq Ft: 3476.00
  • Lot Size Acres: 0.0798

Multi Family

  • Gross Income: 33000.00
  • Gross Scheduled Income: 33000.00
  • Insurance Expense: 500.00
  • Lot Size Area: 3476.0000 Square Feet
  • Net Operating Income: 27000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 30000.00
  • Rent Control: No
  • Total Expenses: 27000.00

Tax Info

  • New Taxes Expense: 8120.00
  • Tax Lot: 4712721200
  • Tax Tract Number: 001368
  • TaxOtherAnnualAssessmentAmount: 55.36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2024
Sold by
Hernandez Jose Alfredo
Bought by
Hernandez Family Living Trust and Hernandez
Current Estimated Value
$765,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$689,500
Outstanding Balance
$684,240
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$94,915

Purchase Details

Listed on
Feb 7, 2023
Closed on
Oct 12, 2023
Sold by
Hernandez Janette S
Bought by
Hernandez Jose Alfredo
Seller's Agent
Jennifer Romero
HomeSmart Realty West
Buyer's Agent
Jennifer Romero
HomeSmart Realty West
List Price
$650,000
Sold Price
$620,000
Premium/Discount to List
-$30,000
-4.62%
Views
741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.07%
Original Mortgage
$677,000
Interest Rate
7.12%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Feb 7, 2023
Closed on
Sep 26, 2023
Sold by
Frye Michael A
Bought by
Hernandez Jose Alfredo
Seller's Agent
Jennifer Romero
HomeSmart Realty West
Buyer's Agent
Jennifer Romero
HomeSmart Realty West
List Price
$650,000
Sold Price
$620,000
Premium/Discount to List
-$30,000
-4.62%
Views
741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$677,000
Interest Rate
7.12%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 8, 2003
Sold by
Frye Michael A and Frye Ramona
Bought by
Frye Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,800
Interest Rate
7.65%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 29, 2003
Sold by
Lorr Scott R
Bought by
Frye Michael A and Frye Ramona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,800
Interest Rate
7.65%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 11, 1991
Source: Public Records

Range of Values:

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Average Value
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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
Hernandez Family Living Trust -- First American Title
Hernandez Family Living Trust -- First American Title
Hernandez Jose Alfredo -- --
Hernandez Jose Alfredo $620,000 Wfg National Title
Frye Michael A -- National Title
Frye Michael A $292,000 National Title
-- $88,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez Family Living Trust $689,500
Closed Hernandez Family Living Trust $689,500
Previous Owner Hernandez Jose Alfredo $677,000
Previous Owner Frye Michael A $387,000
Previous Owner Frye Michael A $360,000
Previous Owner Frye Michael A $38,500
Previous Owner Frye Michael A $262,800
Previous Owner Lorr Scott R $172,000
Previous Owner Lorr Scott Robert $112,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2023 10/19/23 Sold $620,000 +0.8% $499 / Sq Ft
08/02/2023 08/02/23 Pending -- -- --
05/19/2023 05/19/23 Price Changed $615,000 -5.4% $495 / Sq Ft
02/07/2023 02/07/23 For Sale $650,000 -- $523 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,672 $632,399 $309,558 $322,841
2024 $7,672 $620,000 $303,489 $316,511
2023 $5,528 $446,673 $218,646 $228,027
2022 $5,382 $437,915 $214,359 $223,556
2021 $5,346 $429,329 $210,156 $219,173
2020 $5,281 $424,928 $208,002 $216,926
2019 $5,188 $416,597 $203,924 $212,673
2018 $4,518 $380,000 $205,000 $175,000
2017 $4,148 $350,000 $189,000 $161,000
2016 $3,575 $300,000 $162,000 $138,000
2015 $3,223 $270,000 $146,000 $124,000
2014 $2,999 $250,000 $136,000 $114,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2300608

California Regional Multiple Listing Service (CRMLS)

APN: 471-272-12