NOT LISTED FOR SALE
8 Beds
8 Baths
-- Sq Ft
1964 Built

Last Sold May 20, 2020

Last sale price $860,000

About This Home

As of May 2020

Investor ELITE! An ideal investment opportunity with an incredible and rare +6% cap rate for an investor that can maximize the rental potential. This well maintained property includes 4 two bedrooms / two bathrooms units. Newer central water heater, newer roof, newer windows throughout.4 assigned carports have recently replaced roof. Tenants are all on month-to-month tenancy. Minutes to schools, shops, convenient stores. Easy access to public transportation.

Last Agent to Sell the Property

Omid Maghamfar

Coldwell Banker Realty License #01996440 Listed on: 05/04/2020

Coldwell Banker Realty

Last Buyer's Agent

Michelle Tran

Professional Realty Services License #01967080

Professional Realty Services

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Home Design

  • Composition Roof
  • Stucco Exterior

Utilities

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

Additional Features

  • 2-Story Property
  • Property is Fully Fenced

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 231-311-09-00

Community Details

Overview

  • 4 Units
  • Vista Del Cerritos Community

Building Details

  • Net Operating Income $52,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: North County
  • Cross Street: E Washington
  • Neighborhood: Vista Del Cerritos
  • Stories: 2 Story
  • Sale Price List Price: 1.01
  • Total Stories: 2
  • Year Built: 1964
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

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

Utilities

  • Cooling: Wall/Window
  • Sewer/Septic: Sewer Available
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: Vista Del Cerritos
  • Community: SOUTH ESCONDIDO

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 231-311-09-00

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 52400
  • Gross Rent Multiplier Actual: 13.0
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 4
  • Number Of Units With Range Oven: 4
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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
05/20/2020 05/20/20 Sold $860,000 +1.3% --
05/04/2020 05/04/20 For Sale $849,000 -- --
04/26/2020 04/26/20 Pending -- -- --
Source: San Diego MLS

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 $10,552 $940,531 $738,208 $202,323
2024 $10,552 $922,090 $723,734 $198,356
2023 $10,313 $904,011 $709,544 $194,467
2022 $10,203 $886,286 $695,632 $190,654
2021 $10,038 $868,909 $681,993 $186,916
2020 $2,492 $212,054 $63,565 $148,489
2019 $2,433 $207,897 $62,319 $145,578
2018 $2,365 $203,822 $61,098 $142,724
2017 $2,326 $199,826 $59,900 $139,926
2016 $2,279 $195,909 $58,726 $137,183
2015 $2,260 $192,967 $57,844 $135,123
2014 $2,169 $189,188 $56,711 $132,477
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 200020056

San Diego MLS
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