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

Highlights

  • No HOA
  • Chet F. Harritt Elementary School Rated A-
  • Laundry Room

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 Room

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

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

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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