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

  • Spa
  • Tankless Water Heater
  • Partially Fenced Property
  • La Mesa Arts Academy Rated A-
  • 1-Story Property
  • Level Lot

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.

Last Agent to Sell the Property

Jeff Kim

eXp Realty of California, Inc. License #01959539 Listed on: 02/29/2020

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

  • 1947

Lot Details

  • 7,128 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Home Design

  • Composition Roof
  • Stucco Exterior

Utilities

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

Additional Features

  • 1-Story Property
  • Spa

Listing and Financial Details

  • Tenant pays for water, electricity
  • Assessor Parcel Number 494-322-17-00

Community Details

Overview

  • 2 Buildings
  • 2 Units

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $41,738

Property Details

Home Type

Multi-Family

Year Built

1947

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: East County
  • Cross Street: Lemon
  • Neighborhood: La Mesa
  • Stories: 1 Story
  • Sale Price List Price: 0.98
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1947

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition
  • Spa: Yes

Utilities

  • Cooling: Central Forced Air, Wall/Window
  • Sewer/Septic: Sewer Connected
  • Water Heater Type: Tankless
  • Heat Equipment: Forced Air Unit, Wall/Gravity

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: LA MESA

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Topography: Level
  • Assessor Parcel Number: 494-322-17-00
  • Estimated Lot Sq Ft: 7128

Rental Info

  • Tenant Pays: Water, Electricity

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 41738
  • Annual Expense Actual: 12022
  • Gross Rent Multiplier Actual: 14.88
  • Gross Sched Income Actual: 53760
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Dryers: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 1

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2020 03/30/20 Sold $795,000 -2.5% $434 / Sq Ft
02/29/2020 02/29/20 For Sale $814,999 +7.2% $445 / Sq Ft
02/27/2020 02/27/20 Pending -- -- --
07/02/2018 07/02/18 Sold $760,000 -0.7% $397 / Sq Ft
03/26/2018 03/26/18 Pending -- -- --
03/16/2018 03/16/18 Price Changed $765,000 -3.8% $399 / Sq Ft
03/12/2018 03/12/18 For Sale $795,000 -- $415 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jeff Kim

    Seller's Agent in 2020

    Jeff Kim

    eXp Realty of California, Inc.

    (619) 948-3112

    44 Total Sales

    Jeff Kim
    Section Image
  • Sami Koudmani

    Buyer's Agent in 2020

    Sami Koudmani

    Pacific Best Home Services, Inc.

    (619) 432-6075

    Sami Koudmani
    Section Image

  • B

    Seller's Agent in 2018

    Ben Maidhof

    I Homes SD

    Section Image
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Map

Source: San Diego MLS

MLS Number: 200010170

San Diego MLS

APN: 494-322-17-00

California San Diego County La Mesa 91941

8806 Madison Ave, La Mesa, CA

This home is located at 8806 Madison Ave, La Mesa, CA 91941 since 29 February 2020. This property was built in 1947. 8806 Madison Ave is a home located in San Diego County with nearby schools including Lemon Avenue Elementary School, La Mesa Arts Academy, and Grossmont High School.

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