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

Sale Details

Date Sold: May 20, 2020

Last sale price $860,000 $0 Per Sq Ft

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

Rise Realty License #01967080

Rise Realty
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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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 2, 2023
Sold by
Bought by

Purchase Details

Listed on
May 4, 2020
Closed on
May 19, 2020
Sold by
Bought by
Seller's Agent
Omid Maghamfar
Coldwell Banker Realty
Buyer's Agent
Michelle Tran
Rise Realty
List Price
$849,000
Sold Price
$860,000
Premium/Discount to List
$11,000
1.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2006
Sold by
Bought by

Purchase Details

Closed on
Feb 10, 2004
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$860,000 First American Title Company
-- None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $882,000
Previous Owner $645,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $10,773 $959,341 $752,972 $206,369
2025 $10,773 $922,090 $723,734 $198,356
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

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Map

Source: San Diego MLS

MLS Number: 200020056

San Diego MLS
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