NOT LISTED FOR SALE

8136-38 Palm St Lemon Grove, CA 91945

Estimated Value: $925,936 - $1,267,000

5 Beds
4 Baths
2,668 Sq Ft
$398/Sq Ft Est. Value

Last Sold June 19, 2020

Last sale price $725,000 $272 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $6,521/month

6 Days on Market

About This Home

As of June 2020

On the lookout for a low-maintenance investment? This is an opportunity to secure 2 upgraded and well-maintained units in a prime location. Modern, spacious and light-filled, these units offer comfort and style along with well-sized bedrooms, updated baths, open-plan living, and outdoor entertaining. Both kitchens are modern with fireplaces, ceiling fans and central heating and air ensuring year-round relaxed living. Extra features include ample parking space, individual garages and easy-care gardens. Req'd to Show after offer acceptance 1) Provide proof of funds and preapproval(with DU/LP Findings) 2) Provide PEAD signed by prospective buyers, agent & anyone else who will attend showing 3) Only 1 agent and 2 buyers allowed inside unit at one time 4) Everyone entering must sanitize hands or wear latex gloves and wear face mask and shoe covers Please submit your highest and best as the seller might not counter. Information is believed to be accurate, but shall not be relied on without verification. California Coast Escrow-Jen Mendigutia. Lawyers Title Insurance Co-Debra Hughes

Last Agent to Sell the Property

Toan Nguyen

Cal State Realty Services License #01873841 Listed on: 05/22/2020

Cal State Realty Services

Last Buyer's Agent

Toan Nguyen

Cal State Realty Services License #01873841 Listed on: 05/22/2020

Cal State Realty Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,684

Year Built

  • Built in 1970

Lot Details

  • Property is Fully Fenced
  • Sprinklers on Timer

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Utilities

  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Community Details

  • 2 Units
  • Net Operating Income $42,000

Listing and Financial Details

  • Tenant pays for trash, water, cable TV, electricity, gas/propane
  • Assessor Parcel Number 480-450-40-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,684

Year Built

Built in 1970

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
  • Supplement: Req'd to Show after offer acceptance 1) Provide proof of funds and preapproval(with DU/LP Findings) 2) Provide PEAD signed by prospective buyers, agent & anyone else who will attend showing 3) Only 1 agent and 2 buyers allowed inside unit at one time 4) Everyone entering must sanitize hands or wear latex gloves and wear face mask and shoe covers Please submit your highest and best as the seller might not counter. Information is believed to be accurate, but shall not be relied on without verification. California Coast Escrow-Jen Mendigutia. Lawyers Title Insurance Co-Debra Hughes
  • Stories: 2 Story
  • Sale Price List Price: 0.97
  • Total Stories: 2
  • Year Built: 1970
  • 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: Full
  • Roof: Composition

Utilities

  • Cooling: Central Forced Air
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Community: LEMON GROVE

Lot Info

  • Irrigation: Automatic
  • Lot Size: 4,000-7,499 SF
  • Site: Public Street
  • Assessor Parcel Number: 480-450-40-00

Rental Info

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

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 42000
  • Annual Expense Actual: 10405
  • Gross Rent Multiplier Actual: 17.7
  • Gross Sched Income Actual: 52620
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Dryers: 2
  • Number Of Units With Fireplaces: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 1
  • 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

Closed on
Feb 7, 2024
Sold by
Ta Minh Quang and Ta Kayla Phung
Bought by
Ta Family Trust and Ta
Current Estimated Value
$1,061,984

Purchase Details

Listed on
May 22, 2020
Closed on
Jun 3, 2020
Sold by
Ho Howard H
Bought by
Ta Minh Quang and Nguyen Kayla Phung
Seller's Agent
Toan Nguyen
Cal State Realty Services
Buyer's Agent
Toan Nguyen
Cal State Realty Services
List Price
$749,900
Sold Price
$725,000
Premium/Discount to List
-$24,900
-3.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.21%
Original Mortgage
$616,250
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 16, 2017
Sold by
Samuels Robert
Bought by
Ho Howard H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,250
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2012
Sold by
Asian Residential V Llc
Bought by
Samuels Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.56%
Mortgage Type
VA

Purchase Details

Closed on
Nov 21, 2011
Sold by
Torrero Estrada Ricardo and De Torrero Bertha A Sandoval
Bought by
Aslan Residential V Llc

Purchase Details

Closed on
Mar 16, 2011
Sold by
Estrada Ricardo
Bought by
Estrada Ricardo and Perez Teresa

Purchase Details

Closed on
Dec 7, 2010
Sold by
Estrada Ricardo T
Bought by
Estrada Ricardo T and Nunez Leticia

Purchase Details

Closed on
Oct 4, 2006
Sold by
Torrero Estrada Ricardo and De Torrero Bertha Alicia Sandoval
Bought by
Torrero Estrada Ricardo and Detorero Bertha Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 10, 2002
Sold by
Torrero Estrada Ricardo
Bought by
Torrero Estrada Ricardo and Detorrero Bertha Alicia Sandoval

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.99%

Purchase Details

Closed on
Feb 4, 1999
Sold by
Furnia Brian Thomas and Furnia Jean Baro
Bought by
Torrero Estrada Richardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,274
Interest Rate
6.73%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 13, 1997
Sold by
Fuhr Donald R
Bought by
Furnia Brian Thomas and Furnia Jean Baro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,100
Interest Rate
7.92%
Mortgage Type
VA

Purchase Details

Closed on
Sep 2, 1986
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Ta Family Trust -- None Listed On Document
Ta Minh Quang $725,000 Lawyers Title San Diego
Ho Howard H $635,500 Title 365
Samuels Robert $350,000 First American Title Company
Aslan Residential V Llc $261,000 First American Title
Estrada Ricardo -- None Available
Estrada Ricardo T -- None Available
Torrero Estrada Ricardo -- Old Republic Title Co Riv
Torrero Estrada Ricardo -- Old Republic Title Co Riv
Torrero Estrada Ricardo -- Old Republic Title Company
Torrero Estrada Richardo $171,000 Chicago Title Co
Furnia Brian Thomas $158,000 Lawyers Title
-- $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ta Minh Quang $616,250
Previous Owner Ho Howard H $476,250
Previous Owner Samuels Robert $350,000
Previous Owner Torrero Estrada Ricardo $420,000
Previous Owner Torrero Estrada Ricardo $210,000
Previous Owner Torrero Estrada Richardo $169,274
Previous Owner Furnia Brian Thomas $158,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2020 06/19/20 Sold $725,000 -3.3% $272 / Sq Ft
05/29/2020 05/29/20 Pending -- -- --
05/22/2020 05/22/20 For Sale $749,900 -- $281 / Sq Ft
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 $10,684 $792,888 $546,820 $246,068
2024 $10,684 $777,343 $536,099 $241,244
2023 $10,419 $762,102 $525,588 $236,514
2022 $10,366 $747,160 $515,283 $231,877
2021 $10,230 $732,511 $505,180 $227,331
2020 $9,556 $679,064 $273,188 $405,876
2019 $9,405 $665,750 $267,832 $397,918
2018 $9,196 $652,697 $262,581 $390,116
2017 $5,773 $371,361 $149,399 $221,962
2016 $5,561 $364,080 $146,470 $217,610
2015 $5,531 $358,612 $144,270 $214,342
2014 $5,329 $351,588 $141,444 $210,144
Source: Public Records

Agents Affiliated with this Home

  • Toan Nguyen

    Seller's Agent in 2020

    Toan Nguyen

    Cal State Realty Services

    (858) 312-4905

    28 Total Sales

    Toan Nguyen
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Map

Source: San Diego MLS

MLS Number: 200023420

San Diego MLS

APN: 480-450-40

California San Diego County Lemon Grove 91945

8136-38 Palm St, Lemon Grove, CA

This home is located at 8136-38 Palm St, Lemon Grove, CA 91945 since 22 May 2020 and is currently estimated at $1,061,984, approximately $398 per square foot. This property was built in 1970. 8136-38 Palm St is a home located in San Diego County with nearby schools including Mount Miguel High School, Saint John Of The Cross Catholic School, and Lighthouse Christian Academy.

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