NOT LISTED FOR SALE

560 Richfield Ave El Cajon, CA 92020

7 Beds
4 Baths
2,349 Sq Ft
0.39 Acres

Last Sold July 23, 2021

Last sale price $750,000 $319 Per Sq Ft

65 Days on Market

Highlights

  • Partially Fenced Property
  • Wood Siding
  • 1-Story Property
  • Grossmont High School Rated A

About This Home

As of July 2021

3 Units, Single-level units - Residential Area (West El Cajon Neighborhood) - Corner Lot Location (16,901sf) - Zoned to Build 14 to 21+ Units When Combined w/ Adjacent Parcel - Substantial Upside in Rental Income - High Demand Rental Market - Single-Level Units - Easy Access to Local Services and Major Freeways **Property to be sold concurrently w/ adjacent parcel at 572 Richfield Avenue (MLS#: 210007337)**

Last Agent to Sell the Property

James V. Carter

Apartment Realty Group (ARG) License #01352336 Listed on: 03/22/2021

Last Buyer's Agent

Ramin Karimi

Pemberley Realty Inc. License #02076734

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 0.39 Acre Lot
  • Partially Fenced Property

Home Design

  • Clay Roof
  • Wood Siding

Additional Features

  • 1-Story Property
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Assessor Parcel Number 487-500-27-00

Community Details

Overview

  • 3 Units
  • El Cajon Community

Building Details

  • Net Operating Income $35,220

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: Palm Ave
  • Neighborhood: El Cajon
  • LP / Sq Ft: 20.53
  • Stories: 1 Story
  • Sale Price List Price: 0.89
  • Total Stories: 1
  • Year Built: 1955
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood, Wood/Stucco
  • Fencing: Partial
  • Roof: Tile/Clay

Utilities

  • Cooling: Wall/Window

Condo/Co-op/Association

  • Complex Name: El Cajon
  • Community: EL CAJON

Lot Info

  • Lot Size: .25 to .5 AC
  • Water District: HELIX WATER DISTRICT
  • Zoning: RM-2200
  • Assessor Parcel Number: 487-500-27-00
  • Estimated Lot Sq Ft: 16901
  • Water District URL: http://www.hwd.com
  • Estimated Number of Acres: 0.39
  • Map Code Column: E
  • Map Code Page: 1251
  • Map Code Row: 6

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 35220
  • Annual Expense Actual: 33883
  • Annual Expense Projected: 33883
  • Gross Rent Multiplier Actual: 15.11
  • Gross Rent Multiplier Projected: 13.32
  • Gross Sched Income Actual: 55920
  • Gross Sched Income Projected: 63420
  • Number Of Buildings: 1
  • Number Of Furnished Units: 3
  • Number Of Units With Garage: 3
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3

Range of Values:

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List Price
Sold Price
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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 Change Sq Ft Price
07/23/2021 07/23/21 Sold $750,000 -11.2% $319 / Sq Ft
05/27/2021 05/27/21 Pending -- -- --
04/24/2021 04/24/21 For Sale $845,000 0.0% $360 / Sq Ft
04/09/2021 04/09/21 Pending -- -- --
03/22/2021 03/22/21 For Sale $845,000 -- $360 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • James V. Carter

    Seller's Agent in 2021

    James V. Carter

    Apartment Realty Group (ARG)

    (610) 755-1778

    41 Total Sales

    James V. Carter
    Section Image

  • R

    Buyer's Agent in 2021

    Ramin Karimi

    Pemberley Realty Inc.

    (858) 205-4646

    9 Total Sales

    Ramin Karimi
    Section Image
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Map

Source: San Diego MLS

MLS Number: 210007339

San Diego MLS

APN: 487-500-27-00

California San Diego County El Cajon 92020

560 Richfield Ave, El Cajon, CA

This home is located at 560 Richfield Ave, El Cajon, CA 92020 since 22 March 2021. This property was built in 1955. 560 Richfield Ave is a home located in San Diego County with nearby schools including Johnson Elementary School, Cajon Valley Middle School, and Grossmont High School.

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