NOT LISTED FOR SALE

8410 Los Coches Rd El Cajon, CA 92021

5 Beds
4 Baths
33,096 Sq Ft
1.11 Acres

Last Sold May 08, 2014

Last sale price $4,200,000 $127 Per Sq Ft

195 Days on Market

Highlights

  • Private Pool
  • 1.11 Acre Lot
  • Laundry Room
  • Granite Hills High School Rated A-
  • No HOA

About This Home

As of May 2014

Investors Dream! 33 Units priced to sell as is! 21 large 3 BR 2BA units and 12 large 2 BR 2BA units, all with private patios and extra storage and washer and Dryer hook-ups, A/C and ceiling fans. Blue sparkling pool and BBQ area, and children's play yard along with an on sight rental office. Willow Creek Apartment homes is located within close proximity of SR-67 and I-8 with easy access to major areas of SD. Willow Creek is located across the street from East County Square retail center anchored by Wal-Mart, Vons, Radio Shack, Denny's, Subway, McDonalds. Also near Parkway Plaza! Beautiful Mountain Views from 2nd and 3rd floors

Last Agent to Sell the Property

Doug Merlino

Beach Pointe Properties Inc License #01333796 Listed on: 02/15/2014

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 1.11 Acre Lot
  • No Common Walls
  • Density is 31-35 Units/Acre

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 33,096 Sq Ft Home
  • 3-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 66 Parking Spaces
  • 38 Carport Spaces

Pool

  • Private Pool

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Legal Lot and Block 3 / 40
  • Tax Tract Number 380
  • Assessor Parcel Number 4003802500

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 33 Units

Recreation

  • Community Pool

Building Details

  • 33 Separate Electric Meters
  • Electric Expense $21,681
  • Gardener Expense $5,185
  • Insurance Expense $5,885
  • Maintenance Expense $30,824
  • Other Expense $1,857
  • Pest Control $1,524
  • Pool Expense $2,312
  • Supplies Expense $935
  • Trash Expense $7,510
  • Water Sewer Expense $12,236
  • New Taxes Expense $51,861
  • Gross Income $40,110
  • Net Operating Income $266,673

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • CapRate: 6.07
  • Improvements Percent: 40.00
  • Other Phone Description: 714 742-4601
  • Price Per Unit: 133182
  • Property Attached: No
  • Supplies Expense: 935.00
  • Water Sewer Expenses: 12236.00
  • Zoning: RC
  • Property Type: Residential Income
  • Gardener Expense: 5185.00
  • Parcel Number: 4003802500
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 3
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 126.90

Exterior Features

  • Pool Expense: 2312.00
  • Pool Features: Community
  • Pool Private: Yes

Garage/Parking

  • Carport Spaces: 38.00
  • Total Parking Spaces: 66.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: In Closet
  • Pest Control Expense: 1524.00
  • Trash Expense: 7510.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Land Value Percent: 60.00
  • Lot Features: 31-35 Units/Acre
  • Lot Size Sq Ft: 48352.00
  • Lot Size Acres: 1.1100

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Average2 Bed Area: 900
  • Average3 Bed Area: 1100
  • Electric Expense: 21681.00
  • Gross Income: 40110.00
  • Gross Multiplier: 10.11
  • Gross Scheduled Income: 434920.00
  • Insurance Expense: 5885.00
  • Lot Size Area: 48352.0000 Square Feet
  • Maintenance Expense: 30824.00
  • Net Operating Income: 266673.00
  • Number Of Separate Electric Meters: 33
  • Number Of Units Total: 33
  • Number With Patio: 33
  • Number With Range: 33
  • Operating Expense: 155566.00
  • Other Expense: 1857.00
  • Other Expense Description: Elevator
  • Rent Control: No
  • Total Actual Rent: 485040.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 51861.00
  • Tax Area: 59344
  • Tax Block: 40
  • Tax Lot: 3
  • Tax Tract Number: 380
  • Tax Year: 2012

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
05/08/2014 05/08/14 Sold $4,200,000 -8.6% $127 / Sq Ft
05/07/2014 05/07/14 Pending -- -- --
10/24/2013 10/24/13 For Sale $4,595,000 -- $139 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13217707

California Regional Multiple Listing Service (CRMLS)

APN: 400-380-25-00