NOT LISTED FOR SALE

8551 Graham Terrace Santee, CA 92071

-- Bed
12 Baths
9,600 Sq Ft
0.75 Acres Lot

Sale Details

Date Sold: January 24, 2022

Last sale price $3,000,000 $312 Per Sq Ft

42 Days on Market

About This Home

As of January 2022

Great investment opportunity. One single level building with 8 units attached one building and 4 unit attached 2nd building. They are 2bd/1bath and private backyard. Great location. Tenants occupied. Please do not disturb the tenants.

Last Agent to Sell the Property

Mark Smith

Town & Ranch Realty License #01746341 Listed on: 09/17/2021

Last Buyer's Agent

John Hudson

JWH Properties License #01040107

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 32,670 Sq Ft Lot
  • 1 Common Wall
  • Density is 11-15 Units/Acre

Home Design

  • 9,600 Sq Ft Home
  • Property Attached

Laundry

  • Laundry in unit

Listing and Financial Details

  • Tax Lot 16015
  • Assessor Parcel Number 3831113300

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Amenities

  • Laundry Facilities

Building Details

  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,222
  • Insurance Expense $7,012
  • Professional Management Expense $19,376
  • Trash Expense $3,769
  • Water Sewer Expense $11,602
  • New Taxes Expense $10,675
  • Operating Expense $113,217
  • Gross Income $195,251
  • Net Operating Income $82,033

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0.75 Acres

Listing Details

  • Assessments: Yes
  • CapRate: 2.40
  • Professional Management Expense: 19376.00
  • Property Attached: Yes
  • Water Sewer Expenses: 11602.00
  • Zoning: R-4:MULTIPLE RESIDENTIAL
  • Property Type: Residential Income
  • Parcel Number: 3831113300
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 312.50

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Trash Expense: 3769.00

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 32670.00
  • Lot Size Acres: 0.7500

Multi Family

  • Electric Expense: 1222.00
  • Gross Income: 195251.00
  • Gross Scheduled Income: 195251.00
  • Insurance Expense: 7012.00
  • Lot Size Area: 32670.0000 Square Feet
  • Net Operating Income: 82033.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Operating Expense: 113217.00
  • Rent Control: No
  • Total Expenses: 113217.00

Tax Info

  • New Taxes Expense: 10675.00
  • Tax Lot: 16015
  • Tax Tract Number: PM0915
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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
01/24/2022 01/24/22 Sold $3,000,000 -9.1% $313 / Sq Ft
10/29/2021 10/29/21 Pending -- -- --
09/17/2021 09/17/21 For Sale $3,300,000 -- $344 / 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
2025 $38,494 $3,183,624 $1,061,208 $2,122,416
2024 $38,494 $3,121,200 $1,040,400 $2,080,800
2023 $37,320 $3,060,000 $1,020,000 $2,040,000
2022 $37,735 $785,451 $271,653 $513,798
2021 $10,803 $785,451 $271,653 $513,798
2020 $10,676 $777,398 $268,868 $508,530
2019 $10,328 $762,156 $263,597 $498,559
2018 $10,121 $747,213 $258,429 $488,784
2017 $160 $732,562 $253,362 $479,200
2016 $9,700 $718,199 $248,395 $469,804
2015 $9,578 $707,412 $244,664 $462,748
2014 $9,396 $693,556 $239,872 $453,684
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2106598

California Regional Multiple Listing Service (CRMLS)

APN: 383-111-33-00

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