NOT LISTED FOR SALE

644-46 Emerald Ave El Cajon, CA 92020

Estimated Value: $964,283 - $1,050,000

6 Beds
4 Baths
2,056 Sq Ft
$485/Sq Ft Est. Value

Last Sold September 01, 2021

Last sale price $750,000 $365 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $6,115/month

12 Days on Market

Highlights

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

About This Home

As of September 2021

Two homes on one lot with additional accessory building – solid income property! Currently operating as three rental units. Front House: 2 Bed / 1 Bath, Middle Unit: 1 Bed / 1 Bath, Back House: 3 Bed / 2 Bath. Huge upside in rental income and add-value! Great location with easy access to Freeways, transportation, walking distance to shops, services, and minutes from recently upgraded Parkway Plaza shopping mall. Live in one house and rent out other or enjoy as a long-term rental cash cow!

Last Agent to Sell the Property

Nick Emerson

Keller Williams La Jolla License #01897169 Listed on: 07/29/2021

Keller Williams La Jolla

Last Buyer's Agent

Shems Mansour

Lawyers Capital Realty Group License #01905063

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 9,485 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Home Design

  • Wood Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Net Operating Income $52,500

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 487-544-61-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: W Washington Avenue
  • Neighborhood: Renette Park,Heartland Fire Station
  • Stories: 1 Story
  • Sale Price List Price: 1.02
  • Total Stories: 1
  • Year Built: 1946
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 1
  • Prkng Non Garage Spac U3: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco, Wood
  • Fencing: Partial
  • Roof: Wood

Utilities

  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: EL CAJON
  • Manager Name: Mr. Owner

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Topography: Level
  • Zoning: R-3
  • Assessor Parcel Number: 487-544-61-00
  • Estimated Lot Sq Ft: 9485
  • Estimated Number of Acres: 0.22
  • Map Code Column: E
  • Map Code Page: 1251
  • Map Code Row: 6

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 52500
  • Gross Rent Multiplier Actual: 13.5
  • Number Of Buildings: 1
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 6, 2022
Sold by
Salman George
Bought by
George Salman
Current Estimated Value
$997,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Outstanding Balance
$417,422
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$580,149

Purchase Details

Listed on
Jul 29, 2021
Closed on
Aug 30, 2021
Sold by
Binns Cory Wayne
Bought by
Georgee Salman
Seller's Agent
Nick Emerson
Keller Williams La Jolla
Buyer's Agent
Shems Mansour
Lawyers Capital Realty Group
List Price
$738,800
Sold Price
$750,000
Premium/Discount to List
$11,200
1.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.68%

Purchase Details

Closed on
Jun 24, 2016
Sold by
Zeiler Properties Llc
Bought by
Binns Cory Wayne

Purchase Details

Closed on
Oct 1, 2011
Sold by
Federal National Mortgage Association
Bought by
Zeiler Properties Llc

Purchase Details

Closed on
Feb 22, 2010
Sold by
Soto Mark A
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 24, 2006
Sold by
Soto Kristina
Bought by
Soto Mark A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
7.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 11, 2006
Sold by
Embry Bobby Lee
Bought by
Soto Mark A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
7.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 2, 2006
Sold by
Ortiz Ramirez Xavier A and Torres Burgos Yanira
Bought by
Embry Bobby Lee

Purchase Details

Closed on
Feb 6, 2006
Sold by
Embry Joriece Riley
Bought by
Embry Bobby

Purchase Details

Closed on
Feb 1, 2006
Sold by
Embry Bobby Lee
Bought by
Ortiz Ramirez Xavier A and Torres Burgos Yanira

Purchase Details

Closed on
Nov 10, 2005
Sold by
Embry Joriece
Bought by
Embry Bobby Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.97%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 4, 2003
Sold by
Soto Kristina L
Bought by
Soto Mark A

Purchase Details

Closed on
Nov 16, 1998
Sold by
Brown Thomas L
Bought by
Soto Mark A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,969
Interest Rate
6.82%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 30, 1997
Sold by
Levin Shaun M
Bought by
Brown Thomas

Purchase Details

Closed on
Jan 30, 1995
Sold by
Saunders Michael R and Saunders Leslie Ann
Bought by
Brown Thomas Lewis and Levin Shaun Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,468
Interest Rate
8.86%
Mortgage Type
FHA
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
George Salman -- Chicago Title
Georgee Salman $750,000 First American Title Company
Georgee Salman -- First American Title Company
Binns Cory Wayne -- First American Title Company
Binns Cory Wayne $350,000 None Available
Zeiler Properties Llc $178,000 Lsi Title Company
Federal National Mortgage Association $406,467 Accommodation
Soto Mark A -- Stewart Title Of California
Soto Mark A $331,661 None Available
Embry Bobby Lee -- None Available
Embry Bobby -- None Available
Ortiz Ramirez Xavier A -- None Available
Embry Bobby Lee -- Ticor Title Company
Embry Bobby Lee $650,000 Ticor Title Company
Soto Mark A -- California Title Company
Soto Mark A -- California Title Company
Soto Mark A $126,000 Chicago Title Co
Brown Thomas -- --
Brown Thomas Lewis $90,000 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open George Salman $450,000
Previous Owner Soto Mark A $340,000
Previous Owner Embry Bobby Lee $300,000
Previous Owner Embry Bobby Lee $350,000
Previous Owner Embry Bobby Lee $300,000
Previous Owner Soto Mark A $124,969
Previous Owner Brown Thomas Lewis $89,468
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2021 09/01/21 Sold $750,000 +1.5% $365 / Sq Ft
08/11/2021 08/11/21 Pending -- -- --
07/29/2021 07/29/21 For Sale $738,800 -- $359 / 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 $11,214 $795,905 $424,483 $371,422
2024 $11,214 $780,300 $416,160 $364,140
2023 $10,913 $765,000 $408,000 $357,000
2022 $10,393 $750,000 $400,000 $350,000
2021 $7,755 $409,770 $204,287 $205,483
2020 $5,778 $378,846 $202,193 $176,653
2019 $4,564 $371,419 $198,229 $173,190
2018 $4,491 $364,138 $194,343 $169,795
2017 $4,433 $356,999 $190,533 $166,466
2016 $2,320 $188,862 $100,797 $88,065
2015 $2,308 $186,026 $99,283 $86,743
2014 $2,264 $182,383 $97,339 $85,044
Source: Public Records

Agents Affiliated with this Home

  • Nick Emerson

    Seller's Agent in 2021

    Nick Emerson

    Keller Williams La Jolla

    (858) 692-1805

    100 Total Sales

    Nick Emerson
    Section Image

  • S

    Buyer's Agent in 2021

    Shems Mansour

    Lawyers Capital Realty Group

    (619) 220-0500

    5 Total Sales

    Shems Mansour
    Section Image
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Map

Source: San Diego MLS

MLS Number: 210021511

San Diego MLS

APN: 487-544-61

California San Diego County El Cajon 92020

644-46 Emerald Ave, El Cajon, CA

Not Listed for Sale

MultiFamily

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