NOT LISTED FOR SALE
6 Beds
6 Baths
3,192 Sq Ft
1964 Built

Last Sold April 25, 2022

Last sale price $1,050,000 $329 Per Sq Ft

88 Days on Market

Highlights

  • Mountain View
  • Fireplace
  • Gated Home
  • San Pasqual High School Rated A-
  • Laundry Facilities
  • Level Lot

About This Home

As of April 2022

This three unit building features two identical lower units and one slightly larger unit upstairs over the garage. All of the units are two bedrooms and two full baths with dual-pane windows and open beam ceilings plus a garage. The lower units each feature a fireplace, a solatube in the kitchen, and a fully fenced private patio. The upper unit enjoys a deck with mountain and city views. Individual gas and power meters for each unit. Common laundry generates additional income. The garage has a storage room for each unit. Secure access for the tenants via the back alley to the garage. Guest parking at the front driveway. All of the tenants are non-smokers. This building is conveniently located to freeway access, shopping, and schools.

Last Agent to Sell the Property

Kevin DeCew

DeCew Realty License #01210756 Listed on: 01/01/2022

Last Buyer's Agent

Kevin DeCew

DeCew Realty License #01210756 Listed on: 01/01/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Lot Details

  • Gated Home
  • Partially Fenced Property
  • Level Lot

Parking

  • Alley Access

Home Design

  • Rolled or Hot Mop Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Fireplace
  • Mountain Views

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Heating System Uses Wood
  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 236-012-04-00

Community Details

Overview

  • 3 Units
  • South Escondido Community

Pet Policy

  • Pets Allowed

Additional Features

  • Laundry Facilities
  • Net Operating Income $43,505

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: North County
  • Cross Street: S Spruce St
  • Neighborhood: South Escondido
  • LP / Sq Ft: 16.81
  • Stories: 2 Story
  • Sale Price List Price: 0.88
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Gate, Partial
  • Roof: Rolled/Hot Mop
  • View: Mountains/Hills

Utilities

  • Cooling: Wall/Window
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial)
  • Heat Equipment: Fireplace, Forced Air Unit

Condo/Co-op/Association

  • Complex Name: South Escondido
  • Pets Allowed: Yes
  • Community: SOUTHWEST ESCONDIDO
  • Complex Features: Laundry Facilities

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Site: Alley Access, Curbs, Public Street, Sidewalks, Street Paved
  • Topography: Level
  • Zoning: R1-7
  • Assessor Parcel Number: 236-012-04-00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 43505
  • Annual Expense Actual: 13528
  • Annual Expense Projected: 13528
  • Gross Rent Multiplier Actual: 28.0
  • Gross Rent Multiplier Projected: 18.0
  • Gross Sched Income Actual: 4400
  • Gross Sched Income Projected: 6600
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 3
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Fireplaces: 2
  • Number Of Units With Garage: 3
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Other Income Actual: 2100

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 List to Sale Price per Sq Ft
04/25/2022 04/25/22 Sold $1,050,000 -12.1% $329 / Sq Ft
03/31/2022 03/31/22 Pending -- -- --
03/29/2022 03/29/22 Price Changed $1,195,000 -7.7% $374 / Sq Ft
02/25/2022 02/25/22 Price Changed $1,295,000 -5.1% $406 / Sq Ft
01/01/2022 01/01/22 For Sale $1,365,000 -- $428 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210034063

San Diego MLS