NOT LISTED FOR SALE

572 Richfield Ave El Cajon, CA 92020

El Cajon Area
4 Beds
4 Baths
1,842 Sq Ft
0.37 Acre Lot

Sale Details

Date Sold: July 23, 2021

Last sale price $650,000 $353 Per Sq Ft

65 Days on Market

Highlights

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

About This Home

As of July 2021

3 Units, Single-level units - Residential Area (West El Cajon Neighborhood) - Corner Lot Location (15,942sf) - 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 560 Richfield Avenue (MLS#:210007339)**

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 1958

Lot Details

  • 15,942 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Clay Roof
  • Block Exterior

Additional Features

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

Listing and Financial Details

  • Tenant pays for water, electricity
  • Assessor Parcel Number 487-500-28-00

Community Details

Overview

  • 3 Units
  • El Cajon Community

Building Details

  • Net Operating Income $20,081

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0.37 Acres

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: Palm Avenue
  • Neighborhood: El Cajon
  • LP / Sq Ft: 22.03
  • Stories: 1 Story
  • Sale Price List Price: 0.87
  • Total Stories: 1
  • Year Built: 1958
  • 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: Block
  • 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: 487-500-28-00
  • Estimated Lot Sq Ft: 15942
  • Water District URL: http://www.hwd.com
  • Estimated Number of Acres: 0.37
  • Map Code Column: E
  • Map Code Page: 1251
  • Map Code Row: 6

Rental Info

  • Tenant Pays: Water, Electricity

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 20081
  • Gross Rent Multiplier Actual: 18.59
  • Gross Rent Multiplier Projected: 13.74
  • Number Of Buildings: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 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

Listed on
Mar 22, 2021
Closed on
Jul 23, 2021
Sold by
Mogavero Susan A
Bought by
Seller's Agent
James V. Carter
Apartment Realty Group (ARG)
Buyer's Agent
Ramin Karimi
Pemberley Realty Inc.
List Price
$745,000
Sold Price
$650,000
Premium/Discount to List
-$95,000
-12.75%

Purchase Details

Listed on
Mar 22, 2021
Closed on
Jun 10, 2021
Sold by
Mogavero Domenic
Bought by
Khoroshi Nika Megan
Seller's Agent
James V. Carter
Apartment Realty Group (ARG)
Buyer's Agent
Ramin Karimi
Pemberley Realty Inc.
List Price
$745,000
Sold Price
$650,000
Premium/Discount to List
-$95,000
-12.75%

Purchase Details

Closed on
Sep 23, 2019
Sold by
Maniscalco Jennett
Bought by
Mogavero Domenic

Purchase Details

Closed on
Apr 13, 2017
Sold by
Linzey George W and English Gena M
Bought by
Mogavero Giuseppa and The Giuseppa Mogavero 1990 Family Trust

Purchase Details

Closed on
May 14, 2011
Sold by
Linzey Verna M and Linzey George W
Bought by
Linzey Verna M and Linzey George W
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
-- Fidelity National Title
Khoroshi Nika Megan $750,000 Fidelity National Title Co
Mogavero Domenic -- None Available
Mogavero Giuseppa $1,100,000 California Title Company
Linzey Verna M -- 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 $650,000 -12.8% $353 / Sq Ft
05/27/2021 05/27/21 Pending -- -- --
04/24/2021 04/24/21 For Sale $745,000 0.0% $404 / Sq Ft
04/09/2021 04/09/21 Pending -- -- --
03/22/2021 03/22/21 For Sale $745,000 -- $404 / 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 $11,722 $811,822 $432,972 $378,850
2025 $10,523 $795,905 $424,483 $371,422
2024 $10,523 $780,300 $416,160 $364,140
2023 $10,096 $765,000 $408,000 $357,000
2022 $10,157 $750,000 $400,000 $350,000
2021 $10,046 $747,160 $412,226 $334,934
2020 $7,363 $530,604 $265,302 $265,302
2019 $6,386 $520,200 $260,100 $260,100
2018 $6,283 $510,000 $255,000 $255,000
2017 $32 $65,445 $37,001 $28,444
2016 $833 $64,163 $36,276 $27,887
2015 $829 $63,201 $35,732 $27,469
2014 $815 $61,964 $35,033 $26,931
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210007337

San Diego MLS

APN: 487-500-28-00

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