NOT LISTED FOR SALE

560 Richfield Ave El Cajon, CA 92020

El Cajon Area
7 Beds
4 Baths
2,349 Sq Ft
0.39 Acre Lot

Sale Details

Date 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

Pemberley Realty Inc.
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 16,901 Sq Ft 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

0.39 Acres

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
  • Gross Rent Multiplier Actual: 15.11
  • Gross Rent Multiplier Projected: 13.32
  • 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

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
Jan 6, 2022
Sold by
Bought by

Purchase Details

Listed on
Mar 22, 2021
Closed on
Jun 10, 2021
Sold by
Bought by
Seller's Agent
James V. Carter
Apartment Realty Group (ARG)
Buyer's Agent
Ramin Karimi
Pemberley Realty Inc.
List Price
$845,000
Sold Price
$750,000
Premium/Discount to List
-$95,000
-11.24%

Purchase Details

Closed on
Sep 23, 2019
Sold by
Bought by

Purchase Details

Closed on
Apr 13, 2017
Sold by
Bought by

Purchase Details

Closed on
May 14, 2011
Sold by
Bought by

Purchase Details

Closed on
Sep 20, 1993
Sold by
Bought by
Source: Public Records

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
-- Accommodation/Courtesy Recordi
$650,000 Fidelity National Title
-- None Available
$1,100,000 California Title Company
-- None Available
-- --
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
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

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 $9,830 $703,579 $324,729 $378,850
2025 $9,881 $689,784 $318,362 $371,422
2024 $9,881 $676,260 $312,120 $364,140
2023 $10,345 $663,000 $306,000 $357,000
2022 $9,536 $650,000 $294,908 $355,092
2021 $10,972 $673,811 $305,711 $368,100
2020 $9,505 $636,724 $265,302 $371,422
2019 $7,649 $624,240 $260,100 $364,140
2018 $7,526 $612,000 $255,000 $357,000
2017 $1,140 $87,543 $37,995 $49,548
2016 $1,094 $85,827 $37,250 $48,577
2015 $1,088 $84,539 $36,691 $47,848
2014 $1,069 $82,884 $35,973 $46,911
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210007339

San Diego MLS

APN: 487-500-27-00

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