NOT LISTED FOR SALE

8806 Madison Ave La Mesa, CA 91941

5 Beds
2 Baths
1,830 Sq Ft
1947 Built

Last Sold March 30, 2020

Last sale price $795,000 $434 Per Sq Ft

Highlights

  • Cooling System Mounted To A Wall/Window
  • Tankless Water Heater
  • Partially Fenced Property
  • Grossmont High School Rated A-
  • Forced Air Heating and Cooling System
  • 1-Story Property

About This Home

As of March 2020

Amazing opportunity to own two homes on one lot! The front house features 3 bedrooms, 1 bathroom, hardwood floors, custom built-ins, & an updated kitchen. A spacious courtyard sits between the homes with a grassy area, covered patio, hot tub & built-in BBQ. The back house features 2 bedrooms, 1 bathroom, & its own gated driveway w/ alley access. Walking distance to downtown La Mesa, & a short drive to SDSU & Lake Murray. Great potential for multi-generational families or for rental/vacation rental income. Neighborhoods: La Mesa Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: Front Unit # for Unit 2: Back Number of Furnished Units: 0 Topography: LL

Last Agent to Sell the Property

Jeff Kim

eXp Realty of California, Inc. License #01959539 Listed on: 02/27/2020

eXp Realty of California, Inc.

Last Buyer's Agent

Sami Koudmani

Pacific Best Home Services, Inc. License #01974766

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 7,128 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Tankless Water Heater

Listing and Financial Details

  • Tenant pays for water, electricity
  • Assessor Parcel Number 4943221700

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Net Operating Income $41,738

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • CapRate: 5.20
  • Subdivision Name Other: La Mesa
  • Property Type: Residential Income
  • Parcel Number: 4943221700
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Appliances: Yes
  • Levels: One

Exterior Features

  • Fence: Yes
  • Fencing: Partial
  • Pool Private: No
  • Roof: Composition

Utilities

  • Heating: Yes
  • Appliances: Tankless Water Heater
  • Heating Type: Natural Gas, Forced Air
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Lot Info

  • Lot Size Sq Ft: 7128.00

Rental Info

  • Tenant Pays: Water, Electricity

Multi Family

  • Gross Scheduled Income: 53760.00
  • Lot Size Area: 7128.0000 Square Feet
  • Net Operating Income: 41738.00
  • Number Of Units Total: 2
  • Number With Dishwasher: 1
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2020 03/30/20 Sold $795,000 0.0% $434 / Sq Ft
02/27/2020 02/27/20 Pending -- -- --
02/27/2020 02/27/20 For Sale $795,000 -- $434 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,964 $1,224,000 $612,000 $612,000
2024 $10,964 $852,397 $372,924 $479,473
2023 $10,578 $835,684 $365,612 $470,072
2022 $10,424 $819,299 $358,444 $460,855
2021 $10,295 $803,235 $351,416 $451,819
2020 $9,697 $775,200 $339,150 $436,050
2019 $9,562 $760,000 $332,500 $427,500
2018 $8,497 $665,856 $291,312 $374,544
2017 $8,363 $652,800 $285,600 $367,200
2016 $8,110 $640,000 $280,000 $360,000
2015 $5,949 $460,732 $214,294 $246,438
2014 $5,779 $451,708 $210,097 $241,611
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 200010170

California Regional Multiple Listing Service (CRMLS)

APN: 494-322-17-00