NOT LISTED FOR SALE

505 E 7th St National City, CA 91950

-- Bed
-- Bath
4,616 Sq Ft
1950 Built

Sale Details

Date Sold: November 17, 2020

Last sale price $725,000 $157 Per Sq Ft

6 Days on Market

Highlights

  • Property is near public transit
  • Laundry Room
  • Tile Flooring
  • Corner Lot
  • Bungalow
  • 1 Car Garage

About This Home

As of November 2020

Great investment opportunity. ***Two tenants moving out 10/31**** Main house: 2bed, 1 bath, 891 sq ft., 1 car attached garage and yard. Two units: 1bed, 1 bath 528 sq ft. separate meters, plenty of street parking and fresh paint. Long term occupants, not on a lease and are aware of the sale. These units have a lot of potential, perfect for a first-time buyer who wants to live in one and rent the rest. Centrally located near shops, restaurants, freeway and minutes away from downtown. DO NOT WALK ON THE PROPERTY OR DISTURB THE TENANTS.

Last Agent to Sell the Property

Ricardo Velarde

Realty One Group Pacific License #02039845 Listed on: 10/24/2020

Realty One Group Pacific

Last Buyer's Agent

Laura Hollister

eXp Realty of California, Inc. License #01393945

eXp Realty of California, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 4,616 Sq Ft Lot
  • 1 Common Wall
  • Wire Fence
  • Corner Lot
  • Back Yard

Parking

  • 1 Car Garage
  • 1 Open Parking Space
  • Parking Available
  • Driveway
  • On-Street Parking

Home Design

  • Bungalow
  • Property Attached
  • Composition Roof

Interior Spaces

  • 4,616 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Tile

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Property is near public transit
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 9 / 2
  • Assessor Parcel Number 5563520500

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

4,616 Sq Ft Lot

Parking

1

Listing Details

  • Property Attached: Yes
  • Zoning: R-4:MULTIPLE RESIDENTIAL
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 5563520500
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Price Per Square Foot: 157.06

Exterior Features

  • Fence: Yes
  • Fencing: Wire
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, Street
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Washer Hookup, Gas Dryer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Near Public Transit, Walkstreet
  • Lot Size Sq Ft: 4616.00
  • Lot Size Acres: 0.1000

Multi Family

  • Gross Scheduled Income: 3100.00
  • Lot Size Area: 4616.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Patio: 1
  • Number With Refrigerator: 3
  • Rent Control: No
  • Total Actual Rent: 3100.00

Tax Info

  • Tax Block: 2
  • Tax Lot: 9
  • Tax Tract Number: DB0023
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2020 11/17/20 Sold $725,000 +5.1% $157 / Sq Ft
10/31/2020 10/31/20 Pending -- -- --
10/29/2020 10/29/20 For Sale $689,900 -4.8% $149 / Sq Ft
10/26/2020 10/26/20 Off Market $725,000 -- --
10/24/2020 10/24/20 For Sale $689,900 -- $149 / 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 $10,319 $784,762 $541,216 $243,546
2024 $10,319 $769,375 $530,604 $238,771
2023 $10,181 $754,290 $520,200 $234,090
2022 $10,149 $739,500 $510,000 $229,500
2021 $9,677 $725,000 $500,000 $225,000
2020 $4,606 $303,912 $128,316 $175,596
2019 $4,494 $297,953 $125,800 $172,153
2018 $4,341 $292,112 $123,334 $168,778
2017 $4,197 $286,385 $120,916 $165,469
2016 $4,108 $280,771 $118,546 $162,225
2015 $4,069 $276,555 $116,766 $159,789
2014 $3,924 $271,138 $114,479 $156,659
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2000605

California Regional Multiple Listing Service (CRMLS)

APN: 556-352-05-00

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