$560,000
SOLD MAY 7, 2015

8730 Lemon Ave Unit 32 La Mesa, CA 91941

6 Beds
4 Baths
2,360 Sq Ft
6,403 Sq Ft Lot

Recently Sold

$237 Per Sq Ft

4% Below List Price

132 Days on Market

Highlights

  • Partially Fenced Property
  • La Mesa Arts Academy Rated A-
  • Level Lot

About This Home

As of May 2015

The owner has made many upgrades to increase rent to downstairs unit. Tax says property is zoned 4! Currently TWO 3bd/2ba (VERY RARE)! Live in one rent the other or great income property with endless possibilities. Build unit over carport for more income. This is a MUST see! Both units have private yard space and two car carport and storage. Laundry in each unit and Large Master bedrooms. Downstairs unit has vaulted ceilings. Walking distance to La Mesa Village.

Last Agent to Sell the Property

Kilee Waller

Coldwell Banker West License #01470597 Listed on: 11/25/2014

Last Buyer's Agent

Brooks Howard

Krone & Bushard, Inc. License #01806487

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,178

Year Built

  • Built in 1942

Lot Details

  • Partially Fenced Property
  • Level Lot
  • Sprinkler System

Home Design

  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Schools

  • La Mesa Spring Valley School District Elementary And Middle School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 494-310-16-00

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • 2 Units
  • Net Operating Income $32,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,178

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: Glen
  • Neighborhood: The Village
  • Stories: 2 Story
  • Sale Price List Price: 0.99
  • Total Stories: 2
  • Year Built: 1942
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial

Utilities

  • Cooling: Wall/Window
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: LA MESA

Schools

  • Elementary School: La Mesa Spring Valley School District
  • Elementary School Website: https://www.lmsvschools.org/
  • Middle School Url: https://www.lmsvschools.org/
  • Middle School: La Mesa Spring Valley School District

Lot Info

  • Irrigation: Sprinklers
  • Lot Size: 4,000-7,499 SF
  • Site: Public Street
  • Topography: Level
  • Zoning: 4
  • Assessor Parcel Number: 494-310-16-00
  • Land Use Code: 4
  • Map Code Column: A
  • Map Code Page: 1271
  • Map Code Row: 2

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 32400
  • Annual Expense Actual: 7750
  • Gross Sched Income Actual: 40200
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2014
Closed on
May 1, 2015
Sold by
Howard Bruce V and Howard Lynne M
Bought by
Howard Family Trust and Howard Lynne M
Seller's Agent
Kilee Waller
Coldwell Banker West
Buyer's Agent
Brooks Howard
Krone & Bushard, Inc.
List Price
$585,000
Sold Price
$560,000
Premium/Discount to List
-$25,000
-4.27%
Current Estimated Value
$1,129,598

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$569,598
Avg. Annual Appreciation
7.33%
Original Mortgage
$233,000
Outstanding Balance
$179,753
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$976,694

Purchase Details

Listed on
Nov 25, 2014
Closed on
Apr 10, 2015
Sold by
Reich Shane
Bought by
Howard Bruce and Howard Lynne M
Seller's Agent
Kilee Waller
Coldwell Banker West
Buyer's Agent
Brooks Howard
Krone & Bushard, Inc.
List Price
$585,000
Sold Price
$560,000
Premium/Discount to List
-$25,000
-4.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,000
Outstanding Balance
$179,753
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$976,694

Purchase Details

Listed on
Oct 16, 2012
Closed on
Jan 3, 2013
Sold by
Kerns Krista K
Bought by
Reich Shane
Seller's Agent
Chuck Oursler
Realty Headquarters
Buyer's Agent
Chuck Oursler
Realty Headquarters
List Price
$485,000
Sold Price
$441,500
Premium/Discount to List
-$43,500
-8.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.99%
Original Mortgage
$353,200
Interest Rate
3.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 2001
Sold by
Kerns Krista K
Bought by
Kerns Krista K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,000
Interest Rate
6.84%

Purchase Details

Closed on
Dec 29, 2000
Sold by
Kerns Krista K
Bought by
Kerns Krista K
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Accommodation
Grant Deed $565,000 Chicago Title Company
Grant Deed $441,500 Fidelity National Title Co
Interfamily Deed Transfer -- New Century Title Company
Interfamily Deed Transfer -- New Century Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $233,000 New Conventional
Previous Owner $353,200 New Conventional
Previous Owner $217,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2015 05/07/15 Sold $560,000 -4.3% $237 / Sq Ft
04/06/2015 04/06/15 Pending -- -- --
11/25/2014 11/25/14 For Sale $585,000 +32.5% $248 / Sq Ft
01/24/2013 01/24/13 Sold $441,500 -9.0% $187 / Sq Ft
12/22/2012 12/22/12 Pending -- -- --
10/16/2012 10/16/12 For Sale $485,000 -- $206 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

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 $9,178 $679,039 $218,661 $460,378
2024 $9,178 $665,725 $214,374 $451,351
2023 $8,927 $652,672 $210,171 $442,501
2022 $8,822 $639,875 $206,050 $433,825
2021 $8,712 $627,329 $202,010 $425,319
2020 $8,470 $620,897 $199,939 $420,958
2019 $8,266 $608,723 $196,019 $412,704
2018 $8,067 $596,788 $192,176 $404,612
2017 $7,862 $585,087 $188,408 $396,679
2016 $7,575 $573,615 $184,714 $388,901
2015 $6,171 $452,363 $145,669 $306,694
2014 $6,076 $443,503 $142,816 $300,687
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 140062935

San Diego MLS

APN: 494-310-16