Edgar Gilbert
Century 21 Affiliated
(619) 603-0249
35 Total Sales
2 in Lemon Grove
$640K - $700K Price Range
7525 Pacific Ave Lemon Grove, CA 91945
Lemon Grove Area
4
Beds
3
Baths
13,800
Sq Ft
--
Built
About This Home
As of June 20217525 Pacific Avenue is a large 12 unit apartment building featuring 8 spacious 2 bed / 2 bath single-level units and four 2 bed / 1.5 bath townhome units. The two story 13,800 square foot structure built in the 1970s sits on a 18,741 square foot lot with 18 parking spaces. Several units feature dens and computer rooms as well as large patios. The units have dishwashers, private balconies, and A/C units. One unit has private laundry hook ups. There is a common laundry room with one washer and one dryer. The units have white cabinets with brushed nickel fixtures, ceramic tile and carpeted floors as well as bookshelves and storage in unit. The property features newer asphalt and landscaping as well as significant upside in rents. DO NOT DISTURB TENANTS OR WALK ON PROPERTY.
Last Agent to Sell the Property
NorthMarq Multifamily License #01883437 Listed on: 04/09/2021
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Property Details
Home Type
- Multi-Family
Parking
- 18 Parking Spaces
Home Design
Interior Spaces
- 4 Bedrooms
- 13,800 Sq Ft Home
- 2-Story Property
Additional Homes
- Number of ADU Units: 8
Listing and Financial Details
- Total Actual Rent $18,065
Community Details
Overview
- 12 Units
Building Details
- 12 Leased Units
- Operating Expense $79,884
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 9, 2021
Closed on
Jun 2, 2021
Sold by
Bought by
Seller's Agent
Benn Vogelsang
NorthMarq Multifamily
Buyer's Agent
Benn Vogelsang
NorthMarq Multifamily
List Price
$3,200,000
Sold Price
$2,875,000
Premium/Discount to List
-$325,000
-10.16%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,725,000
Outstanding Balance
$1,530,823
Interest Rate
2.9%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Lemon Grove, CA
-
Edgar Gilbert
-
Rob Cunningham
Rob Cunningham
ROA California Inc
(619) 453-0060
49 Total Sales
2 in Lemon Grove
$403K - $760K Price Range
-
Kim Hawley
Kim Hawley
Compass
(858) 264-3573
68 Total Sales
1 in Lemon Grove
$751,000 Price
-
Rick McCandless
Rick McCandless
RE/MAX Connections
(858) 905-5201
66 Total Sales
1 in Lemon Grove
$940,000 Price
-
Agne Isidro
Agne Isidro
Innovate Realty, Inc.
(858) 757-8350
62 Total Sales
1 in Lemon Grove
$615,000 Price
-
Vern Lovett
Vern Lovett
A Team Real Estate
(858) 302-4509
39 Total Sales
2 in Lemon Grove
$789K - $825K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,875,000 | Chicago Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,725,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/25/2021 06/25/21 | Sold | $2,875,000 | -4.1% | $208 / Sq Ft |
| 05/15/2021 05/15/21 | Pending | -- | -- | -- |
| 05/05/2021 05/05/21 | Price Changed | $2,999,000 | -6.3% | $217 / Sq Ft |
| 04/15/2021 04/15/21 | For Sale | $3,200,000 | -- | $232 / Sq Ft |
Source: San Diego MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $47,841 | $3,174,231 | $2,208,161 | $966,070 |
| 2025 | $47,841 | $3,111,992 | $2,164,864 | $947,128 |
| 2024 | $44,583 | $3,050,973 | $2,122,416 | $928,557 |
| 2023 | $43,539 | $2,991,150 | $2,080,800 | $910,350 |
| 2022 | $43,333 | $407,841 | $83,854 | $323,987 |
| 2021 | $12,947 | $407,841 | $83,854 | $323,987 |
| 2020 | $12,683 | $403,660 | $82,995 | $320,665 |
| 2019 | $12,458 | $395,746 | $81,368 | $314,378 |
| 2018 | $12,145 | $387,987 | $79,773 | $308,214 |
| 2017 | $150 | $380,380 | $78,209 | $302,171 |
| 2016 | $11,338 | $372,923 | $76,676 | $296,247 |
| 2015 | $11,308 | $367,323 | $75,525 | $291,798 |
| 2014 | $11,010 | $360,129 | $74,046 | $286,083 |
Source: Public Records
Agents Affiliated with this Home
-
Benn Vogelsang
Seller's Agent in 2021
Benn Vogelsang
NorthMarq Multifamily
(415) 250-4947
89 Total Sales
Map
Source: San Diego MLS
MLS Number: 210009775
APN: 480-082-04-00
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