NOT LISTED FOR SALE
5 Beds
4 Baths
2,766 Sq Ft
1977 Built

Sale Details

Date Sold: January 31, 2024

Last sale price $1,345,000 $486 Per Sq Ft

17 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Laundry Facilities
  • Level Lot

About This Home

As of January 2024

LWelcome to an outstanding investment opportunity! This meticulously maintained and newly updated 4-unit apartment complex is a turnkey opportunity for investors. All renovated units offer modern features like laminate floors, fresh paint, recessed lighting, upgraded vanities, toilets, plumbing, electrical, and energy-efficient mini-split AC/heat units. The charm extends to a well-maintained parking lot with new asphalt, offering each unit 2 parking spots and a personal storage closet. A community laundry facility adds convenience for the tenants. The property features a spacious 2-bedroom, 1 bath unit with a sizable private backyard and two large additional storage sheds. Three nicely sized one-bedroom, one bath units are located upstairs. Centrally located near shopping, freeways, and schools, this property guarantees a steady stream of tenants. Don't miss the chance to add this cash-flowing property to your investment portfolio – make your offer today and secure a piece of the American dream!

Last Agent to Sell the Property

Denise Dawley

New Leaf Realty License #01927306 Listed on: 12/11/2023

Last Buyer's Agent

Irma Mendez

Century Homes License #01140408

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Home Design

  • Clay Roof
  • Stucco Exterior

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Separate Water Meter
  • Water Heater

Additional Features

  • 2-Story Property
  • Level Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 499-531-06-00

Community Details

Overview

  • Association fees include cable/tv services, electricity
  • 4 Units

Pet Policy

  • No Pets Allowed

Additional Features

  • Laundry Facilities
  • Net Operating Income $76,562

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: Campo Rd. & Bancroft
  • Neighborhood: Casa De Oro
  • Stories: 2 Story
  • Sale Price List Price: 0.96
  • Total Stories: 2
  • Year Built: 1977
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Prkng Non Garage Spac U3: 2
  • Prkng Non Garage Spac U4: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Roof: Tile/Clay

Utilities

  • Cooling: Central Forced Air, Heat Pump(s)
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Electric
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Pets Allowed: No Pets Allowed
  • Community: SPRING VALLEY
  • Complex Features: Laundry Facilities
  • Home Owner Association Fee Includes: Cable/TV Services, Electricity

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Public Street
  • Topography: Level
  • Assessor Parcel Number: 499-531-06-00
  • Map Code Column: B
  • Map Code Page: 1271
  • Map Code Row: 4

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 76562
  • Gross Rent Multiplier Actual: 13.85
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 4
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4

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

Listed on
Dec 11, 2023
Closed on
Jan 4, 2024
Sold by
Bought by
Seller's Agent
Denise Dawley
New Leaf Realty
Buyer's Agent
Irma Mendez
Century Homes
List Price
$1,395,000
Sold Price
$1,345,000
Premium/Discount to List
-$50,000
-3.58%
Views
80

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$738,000
Interest Rate
0.0661%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2023
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
$904,000
Interest Rate
0.0609%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 11, 2019
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
$210,000
Interest Rate
0.037%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2019
Sold by
Bought by

Purchase Details

Listed on
May 13, 2014
Closed on
May 23, 2014
Sold by
Bought by
Seller's Agent
Lynette Mejia
Golden Girls at MPM Realty
Buyer's Agent
Kellie Martinez
Redfin Corporation
List Price
$440,000
Sold Price
$440,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,030
Interest Rate
0.0387%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 16, 1989
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$1,345,000 Lawyers Title
$1,030,000 Wfg National Title
-- Chicago Title Company
$705,000 First American Title Company
$440,000 First American Title
$195,000 --
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 $738,000
Previous Owner $904,000
Previous Owner $260,000
Previous Owner $210,000
Previous Owner $444,000
Previous Owner $432,030
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 Prior Sale
01/31/2024 01/31/24 Sold $1,345,000 -3.6% $486 / Sq Ft
12/29/2023 12/29/23 Pending -- -- --
12/11/2023 12/11/23 For Sale $1,395,000 +217.0% $504 / Sq Ft
06/19/2014 06/19/14 Sold $440,000 0.0% -- View Prior Sale
05/16/2014 05/16/14 Pending -- -- --
05/13/2014 05/13/14 For Sale $440,000 -- --
Source: San Diego MLS

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
2025 $14,226 $1,371,900 $800,700 $571,200
2024 $14,226 $1,050,600 $612,000 $438,600
2023 $10,584 $741,079 $341,632 $399,447
2022 $10,386 $741,079 $341,632 $399,447
2021 $10,280 $726,549 $334,934 $391,615
2020 $9,836 $719,100 $331,500 $387,600
2019 $7,112 $483,519 $219,781 $263,738
2018 $6,835 $474,039 $215,472 $258,567
2017 $830 $464,746 $211,248 $253,498
2016 $6,336 $455,634 $207,106 $248,528
2015 $6,300 $448,791 $203,996 $244,795
2014 $4,561 $298,492 $122,456 $176,036
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 230023799

San Diego MLS

APN: 499-531-06-00

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