NOT LISTED FOR SALE

7625 Sturgess Ave La Mesa, CA 91941

-- Bed
-- Bath
5,552 Sq Ft
9,409 Sq Ft Lot

Last Sold June 17, 2024

Last sale price $2,304,000 $415 Per Sq Ft

8 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • No Heating
  • La Mesa Arts Academy Rated A-

About This Home

As of June 2024

Seven two bedroom units and one, one bedroom unit. Property is well maintained with room for additional improvement and repositioning of vacancies. Sloped roof is a benefit. Owners have found uplegs for exchange. Prepayment penalty to Chase Bank is currently at 1% and may be waived with loan or assumption with Chase. Shown with accepted offer.

Last Agent to Sell the Property

Dan Brophy

Flying Dog Enterprises Inc Brokerage Email: dbrophy@flyingdogent.com License #00578892 Listed on: 02/13/2024

Last Buyer's Agent

Sohrab Sam Khadivi

Century 21 United Brokers License #01767624

Century 21 United Brokers

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 9,409 Sq Ft Lot
  • Lot Dimensions are 103x91
  • Two or More Common Walls

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 5,552 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • No Heating

Listing and Financial Details

  • Legal Lot and Block -02-00 / 412
  • Tax Tract Number 470
  • Assessor Parcel Number 4704120200

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • Insurance Expense $3,500
  • Professional Management Expense $8,938
  • Trash Expense $4,305
  • Water Sewer Expense $2,521
  • New Taxes Expense $23,999
  • Operating Expense $57,750
  • Gross Income $187,560
  • Net Operating Income $121,911

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 5.00
  • Price Per Unit: 300000
  • Professional Management Expense: 8938.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 2521.00
  • Zoning: Apartments
  • Property Type: Residential Income
  • Parcel Number: 4704120200
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: driveway
  • Common Walls: 2+ Common Walls
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 414.99

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Common Area
  • Trash Expense: 4305.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size: 103x91
  • Lot Size Sq Ft: 9409.00
  • Lot Size Acres: 0.2160

Multi Family

  • Average1 Bed Area: 570 Square Feet
  • Average2 Bed Area: 695 Square Feet
  • Gross Income: 187560.00
  • Gross Multiplier: 12.79
  • Gross Scheduled Income: 187560.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 9409.0000 Square Feet
  • Net Operating Income: 121911.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Number With Disposal: 4
  • Number With Drapes: 8
  • Number With Patio: 2
  • Number With Range: 8
  • Number With Refrigerator: 8
  • Operating Expense: 65649.00
  • Operating Expense Percent: 35.00
  • Rent Control: Yes
  • Total Actual Rent: 15630.00
  • Total Expenses: 57750.00

Tax Info

  • New Taxes Expense: 23999.00
  • Tax Block: 412
  • Tax Lot: -02-00
  • Tax Tract Number: 470-

Range of Values:

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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
06/17/2024 06/17/24 Sold $2,304,000 -4.0% $415 / Sq Ft
02/21/2024 02/21/24 Pending -- -- --
02/13/2024 02/13/24 For Sale $2,399,998 -- $432 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dan Brophy

    Seller's Agent in 2024

    Dan Brophy

    Flying Dog Enterprises Inc

    (619) 980-7520

    9 Total Sales

    Dan Brophy
    Section Image
  • Sohrab Sam Khadivi

    Buyer's Agent in 2024

    Sohrab Sam Khadivi

    Century 21 United Brokers

    (858) 335-6498

    1 Total Sale

    Sohrab Sam Khadivi
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2400827

California Regional Multiple Listing Service (CRMLS)
California San Diego County La Mesa 91941

7625 Sturgess Ave, La Mesa, CA

This home is located at 7625 Sturgess Ave, La Mesa, CA 91941 since 13 February 2024. This property was built in 1959. 7625 Sturgess Ave is a home located in San Diego County with nearby schools including La Mesa Dale Elementary School, La Mesa Arts Academy, and Mount Miguel High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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