NOT LISTED FOR SALE
6 Beds
3 Baths
2,981 Sq Ft
0.27 Acres

Last Sold June 16, 2023

Last sale price $767,000 $257 Per Sq Ft

35 Days on Market

Highlights

  • Property is Fully Fenced
  • Santana High School Rated A-
  • Wood Siding

About This Home

As of June 2023

Two homes situated on an 11,556 SF lot in the desirable Bostonia submarket (El Cajon). The front building is a detached 4bed/2bath single-family home with a two-car garage and solar panels. The rear building is a 2bed/1bath detached unit.  Both homes have ample off-street parking, in-unit w/d, and private backyards. This asset is conveniently located near schools, parks, services, and major highways. Tons of upside potential (rents are low), perfect opportunity for a value-add investment or owner-occupant play. This property can be purchased together with the adjoining property (2bed/1.5bath home - See MLS#: 230006549).

Last Agent to Sell the Property

Kevin Chung

Apartment Realty Group (ARG) License #02181557 Listed on: 04/10/2023

Last Buyer's Agent

David Keefe

Coldwell Banker West License #01334208

Coldwell Banker West

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.27 Acre Lot
  • Property is Fully Fenced

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Septic System

Community Details

  • 2 Units
  • Net Operating Income $25,117

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 388-031-36-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: El Cajon
  • Neighborhood: Bostonia
  • LP / Sq Ft: 22.94
  • Stories: 2 Story
  • Sale Price List Price: 0.81
  • Total Stories: 2
  • Year Built: 1960
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 3
  • Prkng Non Garage Spac U2: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood, Wood/Stucco
  • Fencing: Full
  • Roof: Composition

Utilities

  • Cooling: Wall/Window
  • Sewer/Septic: Septic Installed, Sewer Available, Sewer Connected
  • Water: Meter on Property

Condo/Co-op/Association

  • Community: SAN DIEGO

Lot Info

  • Lot Size: .25 to .5 AC
  • Zoning: RS
  • Assessor Parcel Number: 388-031-36-00
  • Estimated Lot Sq Ft: 11556
  • Estimated Number of Acres: 0.27
  • Map Code Column: G
  • Map Code Page: 1251
  • Map Code Row: 1

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 25117
  • Gross Rent Multiplier Actual: 21.36
  • Gross Rent Multiplier Projected: 13.12
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Dryers: 1
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 1

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
06/16/2023 06/16/23 Sold $767,000 -19.3% $257 / Sq Ft
05/16/2023 05/16/23 Pending -- -- --
05/02/2023 05/02/23 Price Changed $950,000 -5.0% $319 / Sq Ft
04/10/2023 04/10/23 For Sale $1,000,000 -- $335 / 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: 230006550

San Diego MLS

APN: 388-031-36-00