Alissa Anderson
TurboHome Brokerage Inc.
(901) 402-1681
46 Total Sales
2 in Bostonia
$493K - $949K Price Range
529 Hart Dr El Cajon, CA 92021
Bostonia Neighborhood
3
Beds
2
Baths
10,400
Sq Ft
0.55
Acre Lot
About This Home
As of May 2020This asset consists of eight, 1,300 SF, townhouse style units in the highly desirable Bostonia community of El Cajon. Built in 1988, all units are 3 Bedroom 2.5 Baths with large open floor plans, 2 car attached garages, in unit washer/dryers, individual hot water heaters, gated front and rear yards, walk-in closets and master suite with private bathroom. Tenants pay gas and electric, as well as water and sewer through the units (private) water meters. The asset sits on a large, 23,958 SF lot, with 10,400 SF of improved space and a pitched composition shingle roof. Hart Drive was built and operated by the current owner. The property has been very well maintained but, can yield significant upside through a cosmetic remodel. The current average rents are well below what the area will support for a renovated unit with these amenities. This is an excellent opportunity for an investor to acquire an asset with a highly desirable unit mix where upside can be achieved in modernizing the units finishes.
Last Agent to Sell the Property
South Coast Commercial, Inc. License #01862044 Listed on: 02/26/2020
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Property Details
Home Type
- Multi-Family
Lot Details
- 0.55
Parking
- 18 Parking Spaces
Home Design
Interior Spaces
- 3 Bedrooms
- 10,400 Sq Ft Home
- 2-Story Property
Additional Homes
- Number of ADU Units: 8
Community Details
Overview
- 8 Units
Building Details
- 8 Leased Units
- Operating Expense $60,488
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
Listed on
Feb 26, 2020
Closed on
May 20, 2020
Sold by
Bought by
Seller's Agent
Sean Bascom
South Coast Commercial, Inc.
Buyer's Agent
Sean Bascom
South Coast Commercial, Inc.
List Price
$2,695,000
Sold Price
$2,450,000
Premium/Discount to List
-$245,000
-9.09%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,505,000
Interest Rate
3.3%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 23, 1987
Purchase Details
Closed on
Apr 1, 1985
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Bostonia, CA
-
Alissa Anderson
-
Karla Robles
Karla Robles
(626) 736-1235
4 Total Sales
1 in Bostonia
$405,000 Price
-
Jace Coleman
Jace Coleman
Allison James Estates & Homes
(858) 630-2454
55 Total Sales
3 in Bostonia
$776K - $818K Price Range
-
Nathan Barkley
Nathan Barkley
1st Class Real Estate SD
(858) 295-0282
40 Total Sales
2 in Bostonia
$170,000 Price Range
-
Jenniffer Taylor
Jenniffer Taylor
Responds QuicklyPacific Sotheby's Int'l Realty
(858) 289-0348
82 Total Sales
2 in Bostonia
$250K - $375K Price Range
-
Dave Zimkin
Dave Zimkin
New Morning Inc
(858) 223-9297
57 Total Sales
2 in Bostonia
$765K - $820K Price Range
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 |
|---|---|---|---|
| $2,450,000 | Ticor Title Company | ||
| $117,500 | -- | ||
| $90,000 | -- |
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 |
|---|---|---|---|
| Open | $2,193,750 | ||
| Closed | $1,505,000 |
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 |
|---|---|---|---|---|
| 05/29/2020 05/29/20 | Sold | $2,450,000 | -9.1% | $236 / Sq Ft |
| 03/18/2020 03/18/20 | Pending | -- | -- | -- |
| 02/27/2020 02/27/20 | For Sale | $2,695,000 | -- | $259 / Sq Ft |
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 | $36,701 | $2,733,018 | $1,394,398 | $1,338,620 |
| 2025 | $36,701 | $2,679,430 | $1,367,057 | $1,312,373 |
| 2024 | $36,747 | $2,626,893 | $1,340,252 | $1,286,641 |
| 2023 | $35,740 | $2,575,386 | $1,313,973 | $1,261,413 |
| 2022 | $35,036 | $2,524,889 | $1,288,209 | $1,236,680 |
| 2021 | $34,486 | $2,475,382 | $1,262,950 | $1,212,432 |
| 2020 | $16,263 | $972,958 | $185,362 | $787,596 |
| 2019 | $16,105 | $953,881 | $181,728 | $772,153 |
| 2018 | $15,784 | $935,178 | $178,165 | $757,013 |
| 2017 | $595 | $916,842 | $174,672 | $742,170 |
| 2016 | $14,911 | $898,866 | $171,248 | $727,618 |
| 2015 | $14,816 | $885,365 | $168,676 | $716,689 |
| 2014 | $14,513 | $868,023 | $165,372 | $702,651 |
Source: Public Records
Agents Affiliated with this Home
-
Sean Bascom
Seller's Agent in 2020
Sean Bascom
South Coast Commercial, Inc.
(619) 916-9179
1 in this area
25 Total Sales
Map
Source: San Diego MLS
MLS Number: 200009654
APN: 483-103-09-00
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