NOT LISTED FOR SALE
3 Beds
4 Baths
2,250 Sq Ft
0.43 Acres

Last Sold June 16, 2023

Last sale price $788,000 $350 Per Sq Ft

33 Days on Market

Highlights

  • Partially Fenced Property
  • Level Lot
  • 1-Story Property
  • Santana High School Rated A-
  • Wood Siding

About This Home

As of June 2023

Three buildings situated on an 18,513 SF lot in the strong rental submarket of Bostonia (El Cajon). Total of three (3) units: a detached 2bed/1.5bath home w/ a detached garage, a detached non-conforming 1bed/1bath unit, and a detached non-conforming studio unit. All units have ample off-street parking, and the lot boasts an extended driveway. This asset is conveniently located near schools, parks, services, and major highways. Tons of upside potential and is a perfect opportunity to renovate, convert to ADU's and bring rents up to market and/or owner-occupy. This property can be purchased together with the adjoining 2-Unit property (4bed/2bath home and 2bed/1bath unit - See MLS#:230006550).

Last Agent to Sell the Property

Kevin Chung

Apartment Realty Group (ARG) License #02181557 Listed on: 04/12/2023

Last Buyer's Agent

David Keefe

Coldwell Banker West License #01334208

Coldwell Banker West

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 0.43 Acre Lot
  • Partially Fenced Property
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Septic System

Listing and Financial Details

  • Tenant pays for water, electricity, gas/propane
  • Assessor Parcel Number 388-031-18-00

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Bostonia Community

Building Details

  • Net Operating Income $12,259

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: El Cajon
  • Neighborhood: Churchill Dr
  • LP / Sq Ft: 22.23
  • Stories: 1 Story
  • Sale Price List Price: 0.88
  • Total Stories: 1
  • Year Built: 1951
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

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

Utilities

  • Cooling: Wall/Window
  • Sewer/Septic: Septic Installed, Sewer Connected
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: Bostonia
  • Community: EL CAJON

Lot Info

  • Lot Size: .25 to .5 AC
  • Topography: Level
  • Water District: HELIX WATER DISTRICT
  • Zoning: RS
  • Assessor Parcel Number: 388-031-18-00
  • Estimated Lot Sq Ft: 18513
  • Water District URL: http://www.hwd.com
  • Estimated Number of Acres: 0.43
  • Map Code Column: G
  • Map Code Page: 1251
  • Map Code Row: 1

Rental Info

  • Tenant Pays: Water, Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 12259
  • Gross Rent Multiplier Actual: 29.0
  • Gross Rent Multiplier Projected: 61800.0
  • Number Of Buildings: 3
  • Number Of Units With Cooling: 1
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Dryers: 3
  • Number Of Units With Fireplaces: 1
  • 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
  • Number Of Units With Washers: 3

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 $788,000 -12.4% $350 / Sq Ft
05/16/2023 05/16/23 Pending -- -- --
05/02/2023 05/02/23 Price Changed $900,000 -5.3% $400 / Sq Ft
04/12/2023 04/12/23 For Sale $950,000 -- $422 / 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: 230006692

San Diego MLS