$870,000
SOLD JAN 16, 2025

788-90 Grossmont Ave El Cajon, CA 92020

3 Beds
2 Baths
1,208 Sq Ft
0.32 Acres

Recently Sold

$720 Per Sq Ft

3% Below List Price

21 Days on Market

Highlights

  • Private Yard
  • No HOA
  • No Heating
  • Grossmont High School Rated A
  • Laundry Room
  • 1-Story Property

About This Home

As of January 2025

Seize the opportunity to own this exceptional two-unit property, offering both comfort and investment potential. Each unit is equipped with its own water heater, HVAC system, washer and dryer, and additional storage space. Both units share a single water meter, gas meter, and are powered by solar energy, ensuring efficiency and lower utility costs. The property sits on a flat, spacious lot with secure alley access to a large backyard, spanning approximately a third of an acre, the back dirt yard space is currently rented out, allowing for maximum income for this parcel. This versatile space, enclosed by a privacy fence, offers endless possibilities for expansion or additional uses. Each unit features its own fenced yard, providing privacy and convenience for tenants. Ample on-site parking. Ideally situated near Lake Murray, Big Rock Park, and Mission Trails Regional Park, this location is a haven for outdoor enthusiasts. With easy access to the I-8 freeway, residents enjoy seamless connectivity to the rest of San Diego, making this an attractive opportunity for both renters and investors.

Last Agent to Sell the Property

Dene Sellers

Coldwell Banker Realty Brokerage Phone: 760-859-7417 License #01923880 Listed on: 10/31/2024

Coldwell Banker Realty

Last Buyer's Agent

Nazar Alabid

LPT Realty,Inc License #02084670

LPT Realty,Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,186

Year Built

  • Built in 1942

Lot Details

  • 0.32 Acre Lot
  • 1 Common Wall
  • Private Yard
  • Back and Front Yard

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,208 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 199
  • Tax Tract Number 1636
  • Assessor Parcel Number 4926411500
  • $1,091 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,400
  • Operating Expense $2,881
  • Gross Income $45,480
  • Net Operating Income $34,628

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,186

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 3.85
  • Property Attached: Yes
  • Subdivision Name Other: El Cajon Acres 2
  • View: No
  • Zoning: R-2:MINOR MULTIPLE
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 4926411500
  • Year Built: 1942
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 720.20

Exterior Features

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

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Yard
  • Lot Size: 13962
  • Lot Size Sq Ft: 13939.20
  • Lot Size Acres: 0.3200

Multi Family

  • Electric Expense: 2400.00
  • Gross Income: 45480.00
  • Gross Scheduled Income: 45480.00
  • Lot Size Area: 0.3200 Acres
  • Net Operating Income: 34628.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 37510.00
  • Rent Control: No
  • Total Expenses: 2881.25

Tax Info

  • Tax Lot: 199
  • Tax Tract Number: 001636
  • TaxOtherAnnualAssessmentAmount: 1090.58

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2024
Closed on
Dec 26, 2024
Sold by
Shaikhli Lina Al
Bought by
Tekreeti Taha
Seller's Agent
Dene Sellers
Coldwell Banker Realty
Buyer's Agent
Nazar Alabid
LPT Realty,Inc
List Price
$899,000
Sold Price
$870,000
Premium/Discount to List
-$29,000
-3.23%
Views
43
Current Estimated Value
$889,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,180
Avg. Annual Appreciation
2.91%
Original Mortgage
$826,000
Outstanding Balance
$819,378
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$69,802

Purchase Details

Listed on
Oct 31, 2024
Closed on
Dec 4, 2024
Sold by
Barker Robert K
Bought by
Tekreeti Taha
Seller's Agent
Dene Sellers
Coldwell Banker Realty
Buyer's Agent
Nazar Alabid
LPT Realty,Inc
List Price
$899,000
Sold Price
$870,000
Premium/Discount to List
-$29,000
-3.23%
Views
43

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$826,000
Outstanding Balance
$819,378
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$69,802

Purchase Details

Listed on
Oct 31, 2024
Closed on
Dec 3, 2024
Sold by
Barker Kelly Jean
Bought by
Barker Robert K
Seller's Agent
Dene Sellers
Coldwell Banker Realty
Buyer's Agent
Nazar Alabid
LPT Realty,Inc
List Price
$899,000
Sold Price
$870,000
Premium/Discount to List
-$29,000
-3.23%
Views
43

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$826,000
Outstanding Balance
$819,378
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$69,802

Purchase Details

Closed on
Apr 5, 2022
Sold by
Barker Robert K
Bought by
Barker Robert K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,867
Interest Rate
4.67%
Mortgage Type
VA

Purchase Details

Closed on
Nov 19, 2013
Sold by
Ktfo Llc
Bought by
Barker Robert K and Barker Jonna J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
4.23%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 29, 2013
Sold by
Rademacher Kimberly
Bought by
Ktfo Llc

Purchase Details

Closed on
Feb 27, 2013
Sold by
Berger Krista and Berger Mark L
Bought by
Rademacher Kimberly

Purchase Details

Closed on
Jan 29, 2011
Sold by
Jacome Ignacio G and Jacome Virginia
Bought by
Berger Krista and Berger Mark L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
4.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2010
Sold by
Jacome Ignacio and Jacome Virginia
Bought by
Jacome Ignacio G and Jacome Virginia

Purchase Details

Closed on
Aug 28, 2006
Sold by
Jacome Ignacio and Jacome Virginia
Bought by
Jacome Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
7.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 18, 2006
Sold by
Innovative Property Solutions Inc
Bought by
Jacome Ignacio G and Jacome Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
7.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 2, 2005
Sold by
Mclaen Ronya A
Bought by
Innovative Property Solutions Inc

Purchase Details

Closed on
Apr 22, 2004
Sold by
Mclaen Ronya A
Bought by
City Of El Cajon

Purchase Details

Closed on
Feb 22, 2002
Sold by
Bonney William H and Bonney Chantal H
Bought by
Mclaen Ronya A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
7.75%

Purchase Details

Closed on
Feb 29, 2000
Sold by
Schweer George W Iii & Willa A Trs
Bought by
Bonney William H and Bonney Chantal H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,200
Interest Rate
8.38%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Equity Title Company
Grant Deed -- Equity Title Company
Grant Deed $870,000 Equity Title Company
Grant Deed $870,000 Equity Title Company
Grant Deed -- Equity Title Company
Grant Deed -- Equity Title Company
Grant Deed -- Amrock
Grant Deed $415,000 Fidelity National Title Sd
Grant Deed -- None Available
Grant Deed $285,000 Chicago Title Company
Grant Deed $220,000 Settlementone Title Company
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- None Available
Grant Deed $490,000 California Title Company
Individual Deed -- None Available
Grant Deed -- --
Grant Deed $210,000 United Title Company
Interfamily Deed Transfer -- United Title Company
Grant Deed $128,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $826,000 New Conventional
Closed $826,000 New Conventional
Previous Owner $335,867 VA
Previous Owner $328,000 Seller Take Back
Previous Owner $165,000 New Conventional
Previous Owner $392,000 Unknown
Previous Owner $189,000 No Value Available
Previous Owner $115,200 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/16/2025 01/16/25 Sold $870,000 -3.2% $720 / Sq Ft
11/21/2024 11/21/24 Pending -- -- --
10/31/2024 10/31/24 For Sale $899,000 -- $744 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $7,186 $508,720 $294,200 $214,520
2024 $7,186 $498,746 $288,432 $210,314
2023 $6,933 $488,968 $282,777 $206,191
2022 $6,730 $469,984 $271,798 $198,186
2021 $6,555 $469,984 $271,798 $198,186
2020 $6,283 $465,166 $269,012 $196,154
2019 $5,727 $456,046 $263,738 $192,308
2018 $5,979 $447,105 $258,567 $188,538
2017 $32 $438,340 $253,498 $184,842
2016 $5,742 $429,746 $248,528 $181,218
2015 $5,662 $423,291 $244,795 $178,496
2014 $5,230 $415,000 $240,000 $175,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2409653

California Regional Multiple Listing Service (CRMLS)

APN: 492-641-15