NOT LISTED FOR SALE

504 Ann St El Cajon, CA 92021

4 Beds
4 Baths
1,937 Sq Ft
8,707 Sq Ft Lot

Last Sold April 24, 2024

Last sale price $800,000 $413 Per Sq Ft

54 Days on Market

Highlights

  • RV Access or Parking
  • Level Lot
  • 1-Story Property
  • Property is Fully Fenced
  • Wood Siding
  • 4-minute walk to Wells Park

About This Home

As of April 2024

*PORTFOLIO SALE* Seller may consider individual offers but prefers to sell all duplexes as a portfolio. Property to be sold with 1012-1014 N, 1st Street, 1022-1024 N 1st, 1064 E. Madison, and 898 Valley Village (With the option to buy additional properties at 1096 N. Mollison, 964-980 Merritt Drive, and 986 Merritt Drive). Please call or email for full marketing package and details. We are proud to present Ann Street, a spacious duplex located in El Cajon, California. The Ann Street Duplex o?ers several amenities to its residents. The property is secured with a fully fenced perimeter. Ann Street Street is located adjacent to 1064 E. Madison, another duplex for sale by the owner, thus allowing the buyer to operate both properties as a 4-unit investment. The owner has instituted a utility billing system allowing the tenants to pay for electricity, gas, water, sewer, and trash. This duplex is well maintained with recently remodeled units and many other improvements. One of the major advantages of this duplex is that it comes with o?-street parking, which is a huge convenience in a busy location.

Last Agent to Sell the Property

Craig Stewart

Acre Investment Real Estate License #01060001 Listed on: 01/24/2024

Last Buyer's Agent

Mike Aqrawi

San Diego Homes Realty License #02095502

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 8,707 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot
  • Sprinklers on Timer

Parking

  • RV Access or Parking

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter

Community Details

  • 2 Units
  • Net Operating Income $36,581

Listing and Financial Details

  • Tenant pays for electricity, gas/propane, hot water, sewer, trash, water
  • Assessor Parcel Number 4890102400

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: Madison
  • Neighborhood: EC
  • Stories: 1 Story
  • Sale Price List Price: 0.94
  • Total Stories: 1
  • Year Built: 1960
  • Allow Comments Review: No
  • Internet Address Field: Partial Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco, Wood
  • Fencing: Full
  • Roof: Composition

Garage/Parking

  • Parking for RV: On-Site Parking

Utilities

  • Cooling: Wall/Window
  • Water: Meter on Property
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: EC
  • Community: EL CAJON

Lot Info

  • Irrigation: Automatic
  • Lot Size: 7,500-10,889 SF
  • Topography: Level
  • Assessor Parcel Number: 4890102400
  • Estimated Lot Sq Ft: 8707

Rental Info

  • Tenant Pays: Electricity, Gas/Propane, Hot Water, Sewer, Trash, Water

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 36581
  • Gross Rent Multiplier Actual: 17.09
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
04/24/2024 04/24/24 Sold $800,000 -5.9% $413 / Sq Ft
03/19/2024 03/19/24 Pending -- -- --
01/24/2024 01/24/24 For Sale $850,000 -- $439 / 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 $6,413 $816,000 $510,000 $306,000
2024 $6,413 $396,592 $228,342 $168,250
2023 $6,635 $388,816 $223,865 $164,951
2022 $6,323 $381,193 $219,476 $161,717
2021 $6,507 $373,720 $215,173 $158,547
2020 $6,340 $369,889 $212,967 $156,922
2019 $4,457 $362,638 $208,792 $153,846
2018 $4,386 $355,529 $204,699 $150,830
2017 $30 $348,559 $200,686 $147,873
2016 $4,157 $341,725 $196,751 $144,974
2015 $4,137 $336,593 $193,796 $142,797
2014 $4,057 $330,000 $190,000 $140,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240001805

San Diego MLS