$850,000
SOLD DEC 18, 2024

8075 Palm St Lemon Grove, CA 91945

4 Beds
2 Baths
1,800 Sq Ft
5,924 Sq Ft Lot

Recently Sold

$472 Per Sq Ft

4% Below List Price

75 Days on Market

Highlights

  • Attic Fan
  • Partially Fenced Property
  • 1-Story Property

About This Home

As of December 2024

Discover an exceptional investment opportunity in Lemon Grove, listed at $849,000. This delightful duplex consists of two separate units, each featuring two bedrooms and one bathroom, making it ideal for both investors and homeowners looking for supplementary income. Each unit boasts a spacious living room, a distinct kitchen, and a cozy dining area, ensuring comfort for residents. The two generously sized bedrooms provide ample space, while the full bathroom caters to all needs. Additionally, each unit comes with its own small patio and side yard, perfect for enjoying the outdoors or hosting gatherings. The property also includes four off-street parking spaces for convenience. This is a fantastic chance to acquire a property with income-generating potential. Whether you're an investor in search of a dependable rental or a homeowner wanting to supplement your income, this duplex offers both privacy and comfort. Don't let this opportunity pass you by—reach out to us via call or text for more information about this charming duplex today! Do not disturb the tenants. Please be mindful of others. Thanks

Last Agent to Sell the Property

Maximo Perez

Anchor Funding, Inc. License #02140854 Listed on: 08/28/2024

Last Buyer's Agent

Shannen Gillick

Leal Real Estate Group, Inc License #02130956

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,536

Year Built

  • Built in 1958

Lot Details

  • Partially Fenced Property

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property
  • Attic Fan

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 480-591-11-00

Community Details

Overview

  • 2 Units
  • Lemon Grove Park Community

Building Details

  • Net Operating Income $2,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,536

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: Myra St
  • Neighborhood: Lemon grove
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 1958
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Cooling: Attic Fan

Condo/Co-op/Association

  • Complex Name: Lemon grove park
  • Community: LEMON GROVE

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 480-591-11-00

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 2400
  • Annual Expense Actual: 1000
  • Gross Rent Multiplier Actual: 12.0
  • Gross Sched Income Actual: 73200
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2024
Closed on
Dec 2, 2024
Sold by
Alfonseca Roberto Albiery Hernandez and Castellanos Jennifer Patricia
Bought by
Gillick Sean Patrick and Gillick Shannen
Seller's Agent
Maximo Perez
Anchor Funding, Inc.
Buyer's Agent
Shannen Gillick
Leal Real Estate Group, Inc
List Price
$890,000
Sold Price
$850,000
Premium/Discount to List
-$40,000
-4.49%
Views
208
Current Estimated Value
$873,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,580
Avg. Annual Appreciation
3.31%
Original Mortgage
$775,250
Outstanding Balance
$769,153
Interest Rate
6.79%
Mortgage Type
VA
Estimated Equity
$104,427

Purchase Details

Closed on
Nov 13, 2023
Sold by
Shirreffs Family Living Trust and Lindsay Cynthia L
Bought by
Alfonseca Roberto Alberty Hern and Castellanos Jennifer Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$781,447
Interest Rate
7.63%
Mortgage Type
VA

Purchase Details

Closed on
Jan 28, 2010
Sold by
Shirreffs Carol
Bought by
Shirreffs John and Shirreffs Carol

Purchase Details

Closed on
Dec 29, 2004
Sold by
Shirreffs Carol Lee and Drennan Carol Lee
Bought by
Shirreffs Carol

Purchase Details

Closed on
Sep 12, 2003
Sold by
Shirreffs John Stanley
Bought by
Shirreffs Carol Lee and Drennan Carol Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,500
Interest Rate
6.4%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 8, 1983
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Type Sale Price Title Company
Grant Deed $850,000 Ticor Title
Grant Deed $850,000 Ticor Title
Grant Deed $765,000 Lawyers Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Old Republic Title Company
Deed $80,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $775,250 VA
Closed $775,250 VA
Previous Owner $781,447 VA
Previous Owner $109,500 Unknown
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2024 12/18/24 Sold $850,000 +0.1% $472 / Sq Ft
11/12/2024 11/12/24 Pending -- -- --
10/15/2024 10/15/24 Price Changed $849,000 -4.1% $472 / Sq Ft
10/02/2024 10/02/24 Price Changed $884,999 -0.6% $492 / Sq Ft
08/28/2024 08/28/24 For Sale $890,000 0.0% $494 / Sq Ft
07/15/2024 07/15/24 Rented $2,900 -10.8% --
07/02/2024 07/02/24 For Rent $3,250 -- --
Source: San Diego MLS

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 $10,536 $850,000 $555,556 $294,444
2024 $10,536 $765,000 $500,000 $265,000
2023 $4,141 $233,531 $74,521 $159,010
2022 $4,125 $228,953 $73,060 $155,893
2021 $4,083 $224,465 $71,628 $152,837
2020 $4,021 $222,164 $70,894 $151,270
2019 $3,948 $217,808 $69,504 $148,304
2018 $3,856 $213,539 $68,142 $145,397
2017 $3,789 $209,353 $66,806 $142,547
2016 $3,641 $205,249 $65,497 $139,752
2015 $3,624 $202,167 $64,514 $137,653
2014 $3,502 $198,208 $63,251 $134,957
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240020417

San Diego MLS

APN: 480-591-11