NOT LISTED FOR SALE

7142 Westview Place Lemon Grove, CA 91945

12 Beds
8 Baths
4,500 Sq Ft
1965 Built

Last Sold July 19, 2024

Last sale price $1,325,000 $294 Per Sq Ft

9 Days on Market

Highlights

  • Forced Air Heating System
  • Property is Fully Fenced
  • Level Lot

About This Home

As of July 2024

Special opportunity to acquire a rare fourplex featuring ALL 3-bedroom, 2-bath units! The community offers seven off-street parking spots and potential additional income through garage rentals and on-site laundry hook-ups. Perfect for an owner-occupied or investor looking for a property with lots of upside. Key Features: • Most sought after unit mix: All units are 3-bedroom, 2-bath • Value-add opportunities: Increase rents, add laundry services, and rent out garages • Desirable location: Strong tenant employment area with nearby shopping centers, restaurants, and parks, close to downtown San Diego.

Last Agent to Sell the Property

Doug Taber

Keller Williams Realty License #01920184 Listed on: 06/14/2024

Keller Williams Realty

Last Buyer's Agent

Doug Taber

Keller Williams Realty License #01920184 Listed on: 06/14/2024

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • Property is Fully Fenced
  • Level Lot

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 479-110-04-00

Community Details

Overview

  • 4 Units
  • Broadway Gardens Community

Building Details

  • Net Operating Income $37,177

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: Massachusetts Ave
  • Neighborhood: Broadway Gardens
  • LP / Sq Ft: 14.51
  • Stories: 2 Story
  • Sale Price List Price: 0.96
  • 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: Full
  • Roof: Composition

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Complex Name: Broadway Gardens
  • Community: LEMON GROVE

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Topography: Level
  • Assessor Parcel Number: 479-110-04-00

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 37177
  • Gross Rent Multiplier Actual: 17.1
  • Gross Rent Multiplier Projected: 9.8
  • Number Of Buildings: 1
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Other Income Projected: 6900.0
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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
07/19/2024 07/19/24 Sold $1,325,000 -3.6% $294 / Sq Ft
06/24/2024 06/24/24 Pending -- -- --
06/14/2024 06/14/24 For Sale $1,375,000 -- $306 / Sq Ft
Source: San Diego MLS

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 $7,385 $1,325,000 $865,000 $460,000
2024 $7,385 $391,339 $101,740 $289,599
2023 $7,249 $383,667 $99,746 $283,921
2022 $7,222 $376,145 $97,791 $278,354
2021 $7,153 $368,771 $95,874 $272,897
2020 $7,039 $364,990 $94,891 $270,099
2019 $6,925 $357,834 $93,031 $264,803
2018 $6,761 $350,818 $91,207 $259,611
2017 $6,638 $343,940 $89,419 $254,521
2016 $6,372 $337,197 $87,666 $249,531
2015 $6,344 $332,133 $86,350 $245,783
2014 $6,137 $325,628 $84,659 $240,969
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240013605

San Diego MLS

APN: 479-110-04-00