NOT LISTED FOR SALE

8806 Madison Ave La Mesa, CA 91941

La Mesa Area
5 Beds
2 Baths
1,830 Sq Ft
7,128 Sq Ft Lot

Sale Details

Date 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
  • La Mesa Arts Academy Rated 9+
  • 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 Service, 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

7,128 Sq Ft Lot

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

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Feb 2, 2024
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,500
Interest Rate
6.87%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Feb 27, 2020
Closed on
Mar 12, 2020
Sold by
Bought by
Seller's Agent
Jeff Kim
eXp Realty of California, Inc.
Buyer's Agent
Sami Koudmani
Pacific Best Home Service, Inc
List Price
$795,000
Sold Price
$795,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$695,604
Interest Rate
3.4%
Mortgage Type
VA

Purchase Details

Closed on
Mar 28, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$608,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$549,450
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 15, 2011
Sold by
Bought by

Purchase Details

Closed on
Jan 30, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
5.08%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 10, 2006
Sold by
Bought by

Purchase Details

Closed on
Apr 27, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,500
Interest Rate
5.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 12, 1985
Source: Public Records
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Purchase 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 Buyer Sale Price Title Company
$564,500 Lawyers Title
$795,000 Ticor Title San Diego Branch
$760,000 Ticor Title San Diego Branch
-- Fidelity National Title
$640,000 Fidelity National Title
-- None Available
$430,000 California Title Company
-- None Available
$585,000 Fidelity National Title
$111,500 --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $495,000
Previous Owner $635,500
Previous Owner $695,604
Previous Owner $608,000
Previous Owner $549,450
Previous Owner $344,000
Previous Owner $332,500
Previous Owner $216,500
Previous Owner $119,000
Source: Public Records

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
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

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
2026 $15,482 $1,248,480 $624,240 $624,240
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

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