NOT LISTED FOR SALE

7061 Central Ave Lemon Grove, CA 91945

6 Beds
4 Baths
2,081 Sq Ft
0.7 Acres

Last Sold March 01, 2013

Last sale price $450,000 $216 Per Sq Ft

90 Days on Market

Highlights

  • 0.7 Acre Lot
  • Partially Fenced Property
  • 1-Story Property

About This Home

As of March 2013

This is a easy property to manage with great cash flow every month. 2 detached homes with a granny flat. 2 long term tenants. 2nd unit had a new roof 3 years ago and all have newer cooper plumbing with main sewer drain replaced with ABS. The rear vacant lot is perfect for RV and boat storage that could potentiially bring in another $1000 per month. Dont miss this investment opportunity pass you it is a turn key property with little to no deferred maintenance.

Last Agent to Sell the Property

Lilly Chavez

Meta Homes Realty Inc License #01088116 Listed on: 11/01/2012

Last Buyer's Agent

Hillary Knutson

Big Block Realty, Inc. License #01706049

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.7 Acre Lot
  • Partially Fenced Property

Home Design

  • Composition Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • Parking Available
  • Assigned Parking

Additional Features

  • 1-Story Property
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for grounds care
  • Assessor Parcel Number 4792000500

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • Operating Expense $2,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • CapRate: 7.00
  • Subdivision Name Other: LEMON GROVE
  • Property Type: Residential Income
  • Parcel Number: 4792000500
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Appliances: Yes
  • Levels: One

Exterior Features

  • Fence: Yes
  • Fencing: Partial
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Appliances: Gas Water Heater

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 30492.00
  • Lot Size Acres: 0.7000

Rental Info

  • Tenant Pays: Grounds Care

Multi Family

  • Gross Multiplier: 8.31
  • Gross Scheduled Income: 54000.00
  • Lot Size Area: 30492.0000 Square Feet
  • Number Of Units Total: 3
  • Number With Dishwasher: 1
  • Number With Patio: 1
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Total Expenses: 2400.00

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

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2013 03/01/13 Sold $450,000 +0.2% $216 / Sq Ft
01/30/2013 01/30/13 Pending -- -- --
11/01/2012 11/01/12 For Sale $449,000 -- $216 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,698 $739,128 $265,321 $473,807
2024 $10,698 $724,636 $260,119 $464,517
2023 $10,451 $710,428 $255,019 $455,409
2022 $10,401 $696,499 $250,019 $446,480
2021 $10,274 $682,843 $245,117 $437,726
2020 $10,144 $675,842 $242,604 $433,238
2019 $9,986 $662,592 $237,848 $424,744
2018 $9,760 $649,601 $233,185 $416,416
2017 $9,609 $636,864 $228,613 $408,251
2016 $9,261 $624,378 $224,131 $400,247
2015 $7,333 $461,073 $165,510 $295,563
2014 -- $452,042 $162,268 $289,774
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 120054905

California Regional Multiple Listing Service (CRMLS)

APN: 479-200-05-00