NOT LISTED FOR SALE

638 Emerald Ave El Cajon, CA 92020

Estimated Value: $841,104 - $1,087,000

4 Beds
2 Baths
1,868 Sq Ft
$505/Sq Ft Est. Value

Last Sold May 19, 2020

Last sale price $605,000 $324 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $5,741/month

1 Day on Market

Highlights

  • Forced Air Heating and Cooling System
  • Property is Fully Fenced
  • 1-Story Property
  • Grossmont High School Rated A-
  • Level Lot

About This Home

As of May 2020

TURNKEY Duplex with two large private units that are fully fenced. Both units are identical with 1 car garage and carport for each. Consists of a renovated living room area, new flooring, windows, their own electric meters, private patios and personal yards for both units. Back unit has extra space for creating a large entertainment area, storage space, and room for RV Parking. This is currently the most affordable and best ROI duplex on the market in El Cajon. A Must Buy for a first time investor/owner.

Last Agent to Sell the Property

Jason Lee

Nara Advisors, Inc. License #02068011 Listed on: 04/06/2020

Last Buyer's Agent

Justin Roberts

Cal State Realty Services License #01294574

Cal State Realty Services

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • Property is Fully Fenced
  • Level Lot

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 487-544-60-00

Community Details

Overview

  • 2 Units
  • Renette Park Community

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $30,111

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: E Washington Avenue
  • Neighborhood: Cajon Heights
  • LP / Sq Ft: 18.0
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 1958
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full
  • Roof: Composition

Utilities

  • Cooling: Central Forced Air
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Complex Name: Renette Park
  • Pets Allowed: Yes
  • Community: EL CAJON

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Topography: Level
  • Zoning: R-3
  • Assessor Parcel Number: 487-544-60-00

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 30111
  • Gross Rent Multiplier Actual: 14.0
  • Gross Rent Multiplier Projected: 13.0
  • Number Of Buildings: 1
  • Number Of Furnished Units: 2
  • Number Of Units With Cooling: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2020
Closed on
Apr 14, 2020
Sold by
Freeman Donald A and Freeman Deborah P
Bought by
Lopez Jesus
Seller's Agent
Jason Lee
Nara Advisors, Inc.
Buyer's Agent
Justin Roberts
Cal State Realty Services
List Price
$599,000
Sold Price
$605,000
Premium/Discount to List
$6,000
1%
Current Estimated Value
$942,776

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$337,776
Avg. Annual Appreciation
8.11%
Original Mortgage
$594,041
Outstanding Balance
$525,249
Interest Rate
3.3%
Mortgage Type
FHA
Estimated Equity
$417,527

Purchase Details

Closed on
Jul 25, 2013
Sold by
Lvsd Llc
Bought by
Freeman Donald A and Freeman Deborah P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,750
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2013
Sold by
Onewest Bank Fsb
Bought by
Lvsd Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,750
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 27, 2012
Sold by
Langlois Walter J
Bought by
Onewest Bank Fsb

Purchase Details

Closed on
Jun 21, 1997
Sold by
Bernice Weinacht
Bought by
Langlois Walter J

Purchase Details

Closed on
Jan 17, 1994
Sold by
Toigo Aldo
Bought by
Abel David and Weinacht Bernice
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Lopez Jesus $605,000 Ticor Title
Freeman Donald A $389,000 Ticor Title San Diego
Lvsd Llc $280,000 Ticor Title Riverside
Onewest Bank Fsb $305,000 Orange Coast Title
Langlois Walter J -- --
Abel David -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Jesus $594,041
Previous Owner Freeman Donald A $291,750
Previous Owner Lvsd Llc $224,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/19/2020 05/19/20 Sold $605,000 -3.2% $324 / Sq Ft
04/09/2020 04/09/20 Price Changed $625,000 +4.3% $335 / Sq Ft
04/08/2020 04/08/20 Pending -- -- --
04/06/2020 04/06/20 For Sale $599,000 -- $321 / Sq Ft
Source: San Diego MLS

Tax History

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
2025 $10,144 $661,651 $278,590 $383,061
2024 $10,144 $648,678 $273,128 $375,550
2023 $9,821 $635,960 $267,773 $368,187
2022 $8,954 $623,491 $262,523 $360,968
2021 $8,403 $611,267 $257,376 $353,891
2020 $6,467 $436,023 $183,589 $252,434
2019 $5,245 $427,475 $179,990 $247,485
2018 $5,160 $419,094 $176,461 $242,633
2017 $30 $410,877 $173,001 $237,876
2016 $4,892 $402,821 $169,609 $233,212
2015 $4,867 $396,771 $167,062 $229,709
2014 $4,773 $389,000 $163,790 $225,210
Source: Public Records

Agents Affiliated with this Home

  • Jason Lee

    Seller's Agent in 2020

    Jason Lee

    Nara Advisors, Inc.

    (858) 336-9688

    124 Total Sales

    Jason Lee
    Section Image
  • Justin Roberts

    Buyer's Agent in 2020

    Justin Roberts

    Cal State Realty Services

    (619) 851-1677

    153 Total Sales

    Justin Roberts
    Section Image
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Map

Source: San Diego MLS

MLS Number: 200016210

San Diego MLS

APN: 487-544-60

California San Diego County El Cajon 92020

638 Emerald Ave, El Cajon, CA

Not Listed for Sale

MultiFamily

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