NOT LISTED FOR SALE
5 Beds
4 Baths
33,096 Sq Ft
1.11 Acre Lot

Sale Details

Date Sold: May 8, 2014

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

195 Days on Market

Highlights

  • Private Pool
  • No HOA
  • Laundry closet
  • 1.11 Acre Lot

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

General NONMEMBER

NONMEMBER MRML

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 closet

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

Amenities

  • Laundry Facilities

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

1.11 Acres

Listing Details

  • CapRate: 6.07
  • Improvements Percent: 40.00
  • 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 18, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,604,000
Outstanding Balance
$5,032,823
Interest Rate
3.3%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 28, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,600,000
Interest Rate
3.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 14, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,150,000
Interest Rate
4.35%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 8, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,450,000
Interest Rate
5.77%
Mortgage Type
Commercial

Purchase Details

Closed on
May 4, 1988
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in El Cajon, CA

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$8,550,000 First American Title Company
$6,270,000 Commonwealth Land Title Ins
$4,275,000 Fidelity National Title Co
$4,600,000 Landamerica Commonwealth Tit
$2,180,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $6,604,000
Previous Owner $4,600,000
Previous Owner $3,150,000
Previous Owner $3,450,000
Previous Owner $2,467,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $130,764 $9,537,682 $3,346,555 $6,191,127
2025 $130,764 $9,350,670 $3,280,937 $6,069,733
2024 $129,038 $9,167,324 $3,216,605 $5,950,719
2023 $125,237 $8,987,574 $3,153,535 $5,834,039
2022 $122,614 $8,811,348 $3,091,701 $5,719,647
2021 $121,218 $8,638,578 $3,031,080 $5,607,498
2020 $97,758 $6,786,847 $2,679,018 $4,107,829
2019 $96,440 $6,653,773 $2,626,489 $4,027,284
2018 $93,747 $6,523,308 $2,574,990 $3,948,318
2017 $91,502 $6,395,400 $2,524,500 $3,870,900
2016 $87,351 $6,270,000 $2,475,000 $3,795,000
2015 $63,827 $4,283,916 $1,019,980 $3,263,936
2014 $65,860 $4,455,000 $1,100,000 $3,355,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13217707

California Regional Multiple Listing Service (CRMLS)

APN: 400-380-25-00

Your Personal Tour Guide

Ask me questions while you tour the home.