NOT LISTED FOR SALE
8 Beds
4 Baths
2,992 Sq Ft
7,405 Sq Ft Lot

Last Sold March 21, 2012

Last sale price $490,000 $164 Per Sq Ft

47 Days on Market

About This Home

As of March 2012

Well maintained Escondido 4-plex with long term tenants. All units are 2 bedroom, 1 bath and each has a separate 2 car garage. Tile roof. Laundry room provides approx. $200 per month additional income. There are 5 storage rooms on the north side of the building (approx. 13x8.5 feet) currently empty that could generate additional income. Please do not disturb tenants. [Supplement]: Tenants pay cable, electricity and gas. Owner pays water, sewer, trash for units and gas and electricity for laundry room as well as security lighting. Laundry room generates approximately $2000 additional income annually. Five storage rooms on the north side of the building (currently empty) could also generate additional income of approximately $640 per month. There are two closets in each of two of the garages that house the water heaters and have a small additional storage space there.

Last Agent to Sell the Property

Melissa Gwaltney

tenXrealty License #01751280 Listed on: 01/04/2012

Last Buyer's Agent

Out of Area Agent

Out of Area Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 7,405 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Tile Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • 2-Story Property
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2292305500

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $19,319
  • Net Operating Income $37,483

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • CapRate: 5.49
  • Subdivision Name Other: SOUTHWEST ESCONDIDO
  • Property Type: Residential Income
  • Parcel Number: 2292305500
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Appliances: Yes
  • Levels: Two

Exterior Features

  • Fence: Yes
  • Fencing: Partial
  • Roof: Tile

Utilities

  • Appliances: Gas Water Heater

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Multi Family

  • Gross Multiplier: 11.19
  • Gross Scheduled Income: 46920.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 37483.00
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Other Income1: 2082.00
  • Total Expenses: 19319.00

Range of Values:

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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 Change Sq Ft Price
03/21/2012 03/21/12 Sold $490,000 -6.7% $164 / Sq Ft
02/20/2012 02/20/12 Pending -- -- --
01/04/2012 01/04/12 For Sale $525,000 -- $175 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 120000573

California Regional Multiple Listing Service (CRMLS)

APN: 229-230-55-00