$1,325,000
SOLD JUL 19, 2024

7142 Westview Place Lemon Grove, CA 91945

12 Beds
8 Baths
4,500 Sq Ft
1965 Built

Recently Sold

$294 Per Sq Ft

4% Below List Price

9 Days on Market

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

Keller Williams Realty

Last Buyer's Agent

Doug Taber

Keller Williams Realty License #01920184

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

  • 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
  • Annual Expense Actual: 40008
  • Annual Expense Projected: 40008
  • Gross Rent Multiplier Actual: 17.1
  • Gross Rent Multiplier Projected: 9.8
  • Gross Sched Income Actual: 80400
  • Gross Sched Income Projected: 140400
  • Number Of Buildings: 1
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Other Income Projected: 6900.0

Map

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
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

Source: San Diego MLS

MLS Number: 240013605

San Diego MLS

APN: 479-110-04-00

California San Diego County Lemon Grove 91945

7142 Westview Place, Lemon Grove, CA

Homes for Sale in Lemon Grove, CA

This home is located at 7142 Westview Place, Lemon Grove, CA 91945 and is currently priced at $1,325,000, approximately $294 per square foot. This property was built in 1965. 7142 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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