NOT LISTED FOR SALE

7150 Westview Place Lemon Grove, CA 91945

4 Beds
4 Baths
3,280 Sq Ft
8,712 Sq Ft Lot

Last Sold November 22, 2013

Last sale price $410,591 $125 Per Sq Ft

9 Days on Market

About This Home

As of November 2013

This 4 unit property in downtown Lemon Grove is located at 7150 Westview Pl. Current rents are in fact low so there is approximately 20%+ upside in rental income. The property consists of four (4) large 1Bed/1Bath units and two (2) double car garages which should bring in extra income. Tenants enjoy the close proximity to the I-94 freeway, local businesses, and the well maintained common areas. Ideal for any real estate investor seeking to add value and maintain long term cash flow in San Diego.

Last Agent to Sell the Property

Matt Robinson

MD Real Estate, Inc License #01491108 Listed on: 10/08/2013

Last Buyer's Agent

John Watmore

FLS & Associates License #01722175

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 8,712 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Composition Roof

Interior Spaces

  • 2-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gas Water Heater

Community Details

  • 4 Units
  • Net Operating Income $18,444

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 479-110-02-00

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: Broadway & Massachusetts
  • Neighborhood: Multi-Family
  • LP / Sq Ft: 129.57
  • Price Per Sq Ft: 125.18
  • SP/ Sq Ft: 125.18
  • Stories: 2 Story
  • Sale Price List Price: 0.97
  • Unit Sq Ft: 3280.0
  • 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

  • Fencing: Partial
  • Roof: Composition

Utilities

  • Cooling: Wall/Window
  • Sewer/Septic: Sewer Connected
  • Water Heater Type: Gas

Condo/Co-op/Association

  • Community: LEMON GROVE

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Assessor Parcel Number: 479-110-02-00
  • Land Use Code: R-3
  • Estimated Lot Sq Ft: 8712
  • Estimated Number of Acres: 0.2
  • Map Code Column: F
  • Map Code Page: 1270
  • Map Code Row: 6

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 18444
  • Annual Expense Actual: 13716
  • Annual Expense Projected: 12240
  • Gross Rent Multiplier Projected: 10.42
  • Gross Sched Income Actual: 32160
  • Gross Sched Income Projected: 40800
  • Number Of Buildings: 1
  • Number Of Units With Garage: 2
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Other Income Projected: 3600.0

Tax Info

  • Assessor Parcel Number: 7150Westview91945

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
11/22/2013 11/22/13 Sold $410,591 -3.4% $125 / Sq Ft
10/16/2013 10/16/13 Pending -- -- --
10/07/2013 10/07/13 For Sale $425,000 -- $130 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Matt Robinson

    Seller's Agent in 2013

    Matt Robinson

    MD Real Estate, Inc

    (858) 361-3159

    14 Total Sales

    Section Image
  • John Watmore

    Buyer's Agent in 2013

    John Watmore

    FLS & Associates

    (858) 229-9890

    16 Total Sales

    Section Image
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Map

Source: San Diego MLS

MLS Number: 130053917

San Diego MLS

APN: 479-110-02-00

California San Diego County Lemon Grove 91945

7150 Westview Place, Lemon Grove, CA

This home is located at 7150 Westview Place, Lemon Grove, CA 91945 since 08 October 2013. This property was built in 1965. 7150 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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