NOT LISTED FOR SALE

6550 Macarthur Dr Lemon Grove, CA 91945

Broadway Heights Neighborhood

Estimated Value: $677,000 - $1,049,000

6 Beds
2 Baths
2,390 Sq Ft
$385/Sq Ft Est. Value

About This Home

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

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

Year Built

Built in 1959

Lot Details

10,106 Sq Ft Lot

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
  • Gross Rent Multiplier Actual: 13.1
  • Gross Rent Multiplier Projected: 11.47
  • 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

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

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
$1,050,000 Lawyers Title
$738,000 Lawyers Title
-- Accommodation
$379,000 Lawyers Title Company
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 $1,084,650
Previous Owner $125,400
Previous Owner $590,320
Source: Public Records

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 $14,342 $1,092,420 $712,674 $379,746
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

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

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