NOT LISTED FOR SALE

644-46 Emerald Ave El Cajon, CA 92020

El Cajon Area

Estimated Value: $929,327

6 Beds
4 Baths
2,056 Sq Ft
$452/Sq Ft Est. Value

Sale Details

Date Sold: September 1, 2021

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

Est. 24% increase in value since last sale

Current estimated payment $6,051 / mo

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

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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

9,485 Sq Ft Lot

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

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
May 6, 2022
Sold by
Bought by
Current Estimated Value
$929,327

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
$412,636
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$516,691

Purchase Details

Listed on
Jul 29, 2021
Closed on
Aug 30, 2021
Sold by
Bought by
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
4.45%

Purchase Details

Closed on
Jun 24, 2016
Sold by
Bought by

Purchase Details

Closed on
Oct 1, 2011
Sold by
Bought by

Purchase Details

Closed on
Feb 22, 2010
Sold by
Bought by

Purchase Details

Closed on
Nov 24, 2006
Sold by
Bought by

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
Bought by

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
Bought by

Purchase Details

Closed on
Feb 6, 2006
Sold by
Bought by

Purchase Details

Closed on
Feb 1, 2006
Sold by
Bought by

Purchase Details

Closed on
Nov 10, 2005
Sold by
Bought by

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
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 16, 1998
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Jan 30, 1995
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
-- Chicago Title
-- First American Title Company
-- First American Title Company
$750,000 First American Title Company
$350,000 None Available
$178,000 Lsi Title Company
$406,467 Accommodation
-- Stewart Title Of California
$331,661 None Available
-- None Available
-- None Available
-- None Available
$650,000 Ticor Title Company
-- Ticor Title Company
-- California Title Company
-- California Title Company
$126,000 Chicago Title Co
-- --
$90,000 Southland Title
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $450,000
Previous Owner $340,000
Previous Owner $300,000
Previous Owner $300,000
Previous Owner $350,000
Previous Owner $50,000
Previous Owner $320,000
Previous Owner $60,000
Previous Owner $210,000
Previous Owner $75,000
Previous Owner $15,000
Previous Owner $124,969
Previous Owner $17,000
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
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

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 $11,206 $811,822 $432,972 $378,850
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

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Map

Source: San Diego MLS

MLS Number: 210021511

San Diego MLS

APN: 487-544-61

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