NOT LISTED FOR SALE
5 Beds
4 Baths
2,056 Sq Ft
0.32 Acre Lot

Sale Details

Date Sold: May 24, 2019

Last sale price $745,000 $362 Per Sq Ft

166 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Laundry Facilities
  • San Pasqual High School Rated A-
  • Bungalow

About This Home

As of May 2019

Invest in the Charm of Old Escondido. On the market for the first time in decades, this 13,281 sft corner lot offers four separate individual units to diversify your rental investment income. Three charming 1 bedroom bungalows on 10th Avenue harken back to a simpler time when the Roosevelt, Truman and Eisenhower administrations were in the news. There is another 2 bedroom bungalow of 760 sft on Maple Street with its own fenced backyard that completes this investment opportunity. All units have long term tenants and the entire lot has potential to spare. A 2nd Two Bedroom Unit use to exist on Maple Street but was removed years ago due to fire damage. Contact the City regarding possible re-construction of the two bedroom unit. Bring your contractor and become of part of Escondido's architectural history, you just don't see them like this any more! Call Judy Preston for a Brochure

Last Agent to Sell the Property

David A Foster

Real Brokerage Technologies, Inc. License #01938325 Listed on: 10/10/2018

Real Brokerage Technologies, Inc.

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 13,939 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Density is up to 1 Unit/Acre

Home Design

  • 2,056 Sq Ft Home
  • Quadruplex
  • Bungalow

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 7&8
  • Tax Tract Number 20601
  • Assessor Parcel Number 2335020800

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $3,000
  • Insurance Expense $2,300
  • Maintenance Expense $5,000
  • Professional Management Expense $3,612
  • Trash Expense $951
  • Water Sewer Expense $4,149
  • New Taxes Expense $8,195
  • Operating Expense $27,207
  • Gross Income $50,340
  • Net Operating Income $26,893

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0.32 Acres

Listing Details

  • CapRate: 3.61
  • Professional Management Expense: 3612.00
  • Property Attached: No
  • Water Sewer Expenses: 4149.00
  • Zoning: R1
  • Architectural Style: Bungalow
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 3000.00
  • Parcel Number: 2335020800
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 362.35

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 951.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot
  • Lot Size Sq Ft: 13939.00
  • Lot Size Acres: 0.3200
  • Latitude Manual: 33.11335800

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 432 Square Feet
  • Average2 Bed Area: 760 Square Feet
  • Gross Income: 50340.00
  • Gross Multiplier: 14.44
  • Gross Operating Income: 54100.00
  • Gross Scheduled Income: 51600.00
  • Insurance Expense: 2300.00
  • Lot Size Area: 13939.0000 Square Feet
  • Maintenance Expense: 5000.00
  • Net Operating Income: 26893.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 27207.00
  • Other Income1: 2500.00
  • Rent Control: No
  • Total Expenses: 27207.00

Tax Info

  • New Taxes Expense: 8195.00
  • Tax Census Tract: 206.01
  • Tax Lot: 7&8
  • Tax Tract Number: 20601

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
Oct 10, 2018
Closed on
Apr 3, 2019
Sold by
Gordon Lori and The Mara Susskind Kalcheim Liv
Bought by
Seller's Agent
David A Foster
Real Brokerage Technologies, Inc.
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$825,000
Sold Price
$745,000
Premium/Discount to List
-$80,000
-9.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$558,750
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2013
Sold by
Kalcheim Mara S
Bought by
Susskind Kalcheim Mara and Mara Susskind Kalcheim Living

Purchase Details

Closed on
Jan 10, 2007
Sold by
Gordon Lori and Kalcheim Mara S
Bought by
Gordon Lori and Kalcheim Mara S
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Central Escondido, CA

See All Agents

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
$745,000 Orange Coast Title
Susskind Kalcheim Mara -- None Available
Gordon Lori -- None Available
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 $487,000
Previous Owner Ederer James John $558,750
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
05/24/2019 05/24/19 Sold $745,000 -9.7% $362 / Sq Ft
03/25/2019 03/25/19 Pending -- -- --
10/10/2018 10/10/18 For Sale $825,000 -- $401 / 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 $9,525 $847,677 $796,478 $51,199
2025 $9,330 $831,057 $780,861 $50,196
2024 $9,330 $814,762 $765,550 $49,212
2023 $9,118 $798,788 $750,540 $48,248
2022 $9,020 $783,126 $735,824 $47,302
2021 $8,875 $767,772 $721,397 $46,375
2020 $8,823 $759,900 $714,000 $45,900
2019 $480 $39,529 $39,529 $0
2018 $468 $38,754 $38,754 $0
2017 $460 $37,995 $37,995 $0
2016 $452 $37,250 $37,250 $0
2015 $448 $36,691 $36,691 $0
2014 $431 $35,973 $35,973 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18249020

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.