NOT LISTED FOR SALE

6550 Macarthur Dr Lemon Grove, CA 91945

Broadway Heights Neighborhood

Estimated Value: $812,000 - $1,119,000

6 Beds
2 Baths
2,390 Sq Ft
$398/Sq Ft Est. Value

Last Sold March 06, 2024

Last sale price $1,050,000 $439 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $5,834/month

46 Days on Market

About This Home

As of March 2024

PRICE CORRECTION! Fresh remodel of two 3BR units located on a 10,000sqft lot! Separate top + bottom layout provides privacy, separate parking + yard + outdoor living space for each home. Located on a quiet residential street with stunning views of the Coronado Bridge + Quick access to the 94 freeway! Ample parking + Individual W/D hookups for each unit. Top unit has a laundry room. Cash in on $7-$8K monthly income while pulling permits to build ADUs! 5.9% - 6.98% existing Cap Rate!

Last Agent to Sell the Property

Christina Labowicz

ACI Apartments License #02055851 Listed on: 12/20/2023

Last Buyer's Agent

Keegan Wetzel

Real Broker License #02153342

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,544

Year Built

  • Built in 1959

Lot Details

  • 10,106

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Listing and Financial Details

  • Tenant pays for trash, electricity, gas/propane
  • Assessor Parcel Number 478-200-51-00

Community Details

Overview

  • 2 Units
  • RV Parking in Community

Building Details

  • Net Operating Income $64,845

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,544

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: Federal
  • Neighborhood: Lemon Grove
  • LP / Sq Ft: 13.68
  • Stories: 2 Story
  • Sale Price List Price: 1.0
  • Total Stories: 2
  • Year Built: 1959
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Roof: Composition

Condo/Co-op/Association

  • Community: LEMON GROVE
  • Complex Features: RV/Boat Parking

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Assessor Parcel Number: 478-200-51-00

Rental Info

  • Tenant Pays: Trash, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 64845
  • Annual Expense Actual: 19146
  • Annual Expense Projected: 19146
  • Gross Rent Multiplier Actual: 13.1
  • Gross Rent Multiplier Projected: 11.47
  • Gross Sched Income Actual: 84000
  • Gross Sched Income Projected: 95880
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 20, 2023
Closed on
Feb 6, 2024
Sold by
Lupas Lucian Alexandru
Bought by
Stevens Scott Craig and Stevens Mikaela Ambres
Seller's Agent
Christina Labowicz
ACI Apartments
Buyer's Agent
Keegan Wetzel
Real Broker
List Price
$1,100,000
Sold Price
$1,050,000
Premium/Discount to List
-$50,000
-4.55%
Views
216
Current Estimated Value
$950,329

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$99,671
Avg. Annual Appreciation
-6.19%
Original Mortgage
$1,084,650
Outstanding Balance
$1,067,850
Interest Rate
6.69%
Mortgage Type
VA
Estimated Equity
-$117,521

Purchase Details

Listed on
Jul 27, 2023
Closed on
Sep 6, 2023
Sold by
Bohlen Family 2000 Trust
Bought by
Lupas Lucian Alexandru
Seller's Agent
Judy Bohlen
Century 21 Affiliated
Buyer's Agent
Christina Labowicz
ACI Apartments
List Price
$749,000
Sold Price
$737,900
Premium/Discount to List
-$11,100
-1.48%
Views
38

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
115.29%
Original Mortgage
$125,400
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2020
Sold by
Bohlen Joseph M and Bohlen Judy L
Bought by
Bohlen Joseph M and Bohlen Judy L

Purchase Details

Closed on
Jul 31, 2019
Sold by
Casler Barbara R
Bought by
Bohlen Joseph M and Bohlen Judy L
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Stevens Scott Craig $1,050,000 Lawyers Title
Lupas Lucian Alexandru $738,000 Lawyers Title
Bohlen Joseph M -- Accommodation
Bohlen Joseph M $379,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stevens Scott Craig $1,084,650
Previous Owner Lupas Lucian Alexandru $125,400
Previous Owner Lupas Lucian Alexandru $590,320
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2024 03/06/24 Sold $1,050,000 0.0% $439 / Sq Ft
02/05/2024 02/05/24 Pending -- -- --
01/18/2024 01/18/24 Price Changed $1,050,000 -4.5% $439 / Sq Ft
12/20/2023 12/20/23 For Sale $1,100,000 +49.1% $460 / Sq Ft
09/20/2023 09/20/23 Sold $737,900 -1.5% $378 / Sq Ft
07/29/2023 07/29/23 Pending -- -- --
07/27/2023 07/27/23 For Sale $749,000 -- $384 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

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 $9,544 $1,071,000 $698,700 $372,300
2024 $9,544 $737,900 $541,127 $196,773
2023 $6,318 $473,027 $346,887 $126,140
2022 $6,285 $463,753 $340,086 $123,667
2021 $6,200 $454,661 $333,418 $121,243
2020 $6,132 $450,000 $330,000 $120,000
2019 $3,778 $256,662 $103,069 $153,593
2018 $3,693 $251,631 $101,049 $150,582
2017 $3,637 $246,698 $99,068 $147,630
2016 $3,506 $241,862 $97,126 $144,736
2015 $3,486 $238,230 $95,668 $142,562
Source: Public Records

Agents Affiliated with this Home

  • Christina Labowicz

    Seller's Agent in 2024

    Christina Labowicz

    ACI Apartments

    (858) 876-5701

    2 in this area

    29 Total Sales

    Christina Labowicz
    Section Image
  • Keegan Wetzel

    Buyer's Agent in 2024

    Keegan Wetzel

    Real Broker

    (708) 256-7904

    1 in this area

    49 Total Sales

    Keegan Wetzel
    Section Image
  • Judy Bohlen

    Seller's Agent in 2023

    Judy Bohlen

    Century 21 Affiliated

    (619) 985-9194

    2 in this area

    144 Total Sales

    Judy Bohlen
    Section Image
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Map

Source: San Diego MLS

MLS Number: 230024241

San Diego MLS

APN: 478-200-51

California San Diego County Lemon Grove 91945 Broadway Heights

6550 Macarthur Dr, Lemon Grove, CA

This home is located at 6550 Macarthur Dr, Lemon Grove, CA 91945 since 20 December 2023 and is currently estimated at $950,329, approximately $397 per square foot. This property was built in 1959. 6550 Macarthur Dr is a home located in San Diego County with nearby schools including San Miguel Elementary School, Mount Miguel High School, and Helix High School.

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