M
Seller's Agent in 2024
Michael Mignosa
Nara Advisors, Inc.
8858 Olive Ln Santee, CA 92071
3
Beds
3
Baths
21,990
Sq Ft
1.01
Acres
Highlights
- Community Barbecue Grill
- Tile Flooring
- Central Heating and Cooling System
- Pride Academy At Prospect Avenue Rated A-
- Landscaped
About This Home
As of November 2024ASSUMABLE FINANCING AVAILABLE, INQUIRE WITH LISTING AGENT. We are pleased to present the Olive Tree Apartments. The Olive Tree Apartments are located at 8858 Olive Lane Santee, CA 92071. This 26-unit apartment community was built in 1979 and sits on a 43,996 square foot lot. The property is comprised of (1) 1bed+1bath unit, & (25) 2bed+2bath units, and 36 surface level parking spaces. The Olive Tree Apartments include a communal BBQ outdoor area, on site laundry, and private balconies or patios for all units. Recent upgrades include but are not limited to a newer roof, parking lot improvements, and outdoor lighting & landscaping. Held long-term by current ownership, the property represents an excellent value add opportunity for astute investors to fix up the units and increase cash flow. The Olive Tree Apartments are less than a mile away from local shopping including Mission Gorge Square Shopping Center, Santee Trolley Square, and Santee Town Shopping Center and Trolley Station. This superb location offers tenants the ability to walk to local shopping, dining, and more. This location also offers easy access to main thoroughfares such as Mission Gorge Road and State Route 52.
Last Agent to Sell the Property
Michael Mignosa
Nara Advisors, Inc. License #02049221 Listed on: 03/04/2024
Property Details
Home Type
- Multi-Family
Lot Details
- 1.01 Acre Lot
- Landscaped
Home Design
Interior Spaces
- 3 Bedrooms
- 21,990 Sq Ft Home
- 2-Story Property
Flooring
- Tile
- Vinyl
Parking
- 36 Parking Spaces
- Parking Available
Additional Homes
- Number of ADU Units: 25
Utilities
- Central Heating and Cooling System
- Cooling System Mounted To A Wall/Window
- Heating System Mounted To A Wall or Window
Community Details
- 26 Units
- Community Barbecue Grill
- Operating Expense $227,671
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/26/2024 11/26/24 | Sold | $7,608,000 | -7.8% | $346 / Sq Ft |
| 07/02/2024 07/02/24 | Pending | -- | -- | -- |
| 03/26/2024 03/26/24 | For Sale | $8,250,000 | -- | $375 / Sq Ft |
Source: San Diego MLS
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 | $32,901 | $7,608,750 | $1,800,000 | $5,808,750 |
| 2024 | $32,901 | $2,492,937 | $827,903 | $1,665,034 |
| 2023 | $31,899 | $2,444,057 | $811,670 | $1,632,387 |
| 2022 | $31,563 | $2,396,135 | $795,755 | $1,600,380 |
| 2021 | $31,082 | $2,349,152 | $780,152 | $1,569,000 |
| 2020 | $30,709 | $2,325,065 | $772,153 | $1,552,912 |
| 2019 | $29,685 | $2,279,476 | $757,013 | $1,522,463 |
| 2018 | $29,084 | $2,234,781 | $742,170 | $1,492,611 |
| 2017 | $28,700 | $2,190,963 | $727,618 | $1,463,345 |
| 2016 | $27,870 | $2,148,003 | $713,351 | $1,434,652 |
| 2015 | $27,511 | $2,115,739 | $702,636 | $1,413,103 |
| 2014 | $26,975 | $2,074,296 | $688,873 | $1,385,423 |
Source: Public Records
Agents Affiliated with this Home
-
-
Krista Losito
Buyer's Agent in 2024
Krista Losito
KB Investments
(858) 243-6570
20 Total Sales
Map
Source: San Diego MLS
MLS Number: 240006417
APN: 384-330-29-00
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