NOT LISTED FOR SALE

7131 Westview Place Lemon Grove, CA 91945

12 Beds
8 Baths
4,448 Sq Ft
8,941 Sq Ft Lot

Last Sold August 04, 2020

Last sale price $1,035,000 $233 Per Sq Ft

22 Days on Market

About This Home

As of August 2020

Pleased to present for sale a value-add opportunity in the city of Lemon Grove. Constructed in 1965, this property rests on an 8,941 SF lot with 4,450 rentable SF. This property is comprised of a favorable unit mix that features 4 three-bedroom/two-bathroom units. Tenants are provided with amenities such as off-street parking and laundry hookups.

Last Listed By

Carson Trujillo

Marcus & Millichap License #01974818 Listed on: 05/20/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 8,941 Sq Ft Lot
  • Gated Home

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 2-Story Property
  • Cooling System Mounted To A Wall/Window

Community Details

  • 4 Units
  • Net Operating Income $57,245

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 479-110-20-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: Florine Dr & Massachusetts Ave
  • Neighborhood: Lemon Grove
  • Stories: 2 Story
  • Sale Price List Price: 0.99
  • Total Stories: 2
  • Year Built: 1965
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Prkng Non Garage Spac U3: 1
  • Prkng Non Garage Spac U4: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Gate
  • Roof: Composition

Utilities

  • Cooling: Wall/Window

Condo/Co-op/Association

  • Community: LEMON GROVE

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Zoning: RMH
  • Assessor Parcel Number: 479-110-20-00
  • Estimated Lot Sq Ft: 8941
  • Estimated Number of Acres: 0.21

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 57245
  • Annual Expense Actual: 25503
  • Gross Rent Multiplier Actual: 12.59
  • Gross Sched Income Actual: 83400
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 4
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Garage: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Other Income Actual: 1850

Range of Values:

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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
08/04/2020 08/04/20 Sold $1,035,000 -1.4% $233 / Sq Ft
06/12/2020 06/12/20 Pending -- -- --
06/09/2020 06/09/20 For Sale $1,050,000 0.0% $236 / Sq Ft
05/27/2020 05/27/20 Pending -- -- --
05/20/2020 05/20/20 For Sale $1,050,000 -- $236 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Carson Trujillo

    Seller's Agent in 2020

    Carson Trujillo

    Marcus & Millichap

    (858) 373-3228

    2 in this area

    37 Total Sales

    Carson Trujillo
    Section Image
  • Aziz Zakkout

    Seller Co-Listing Agent in 2020

    Aziz Zakkout

    Zakkout Real Estate Services

    (858) 531-4442

    2 in this area

    26 Total Sales

    Aziz Zakkout
    Section Image
  • Justin Roberts

    Buyer's Agent in 2020

    Justin Roberts

    Cal State Realty Services

    (619) 851-1677

    6 in this area

    194 Total Sales

    Justin Roberts
    Section Image
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Map

Source: San Diego MLS

MLS Number: 200022708

San Diego MLS

APN: 479-110-20-00

California San Diego County Lemon Grove 91945

7131 Westview Place, Lemon Grove, CA

Homes for Sale in Lemon Grove, CA

This home is located at 7131 Westview Place, Lemon Grove, CA 91945 since 20 May 2020. This property was built in 1965. 7131 Westview Place 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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