NOT LISTED FOR SALE

930 Coleen Ct El Cajon, CA 92021

2 Beds
1 Bath
8,788 Sq Ft
0.31 Acres

Last Sold July 13, 2013

Last sale price $1,360,000 $155 Per Sq Ft

65 Days on Market

About This Home

As of July 2013

ALL 2 BEDROOMS!! Two separate 6 unit buildings with new exterior paint, all units having the same general configuration & layout. One entire building is brand new from the ground up, with plumbing, electrical, with both buildings being up to current California State specifications. Each unit has an individual water heater, and all separately metered. On site washers and dryers (privately owned) generate $500/month. All appliances are included in the sale, to include all washers and dryers 12 stoves, refrigerators and microwaves. Two of the lower units have uniquely fenced yards. COIN OPERATED WASHERS AND DRYERS ARE INCLUDED IN THE SALE FOR ADDITIONAL INCOME! Complex also boasts revenue generating enclosed storage spaces, and parking spaces on site!! This is an easy to manage rental property with no extended vacancies over the past 36 months! PLEASE DO NOT DISTURB TENANTS OR WALK THE PROPERTY! Units shown only with an accepted offer! Seller is motivated and willing to entertain serious offers!

Last Agent to Sell the Property

Jimmy Williams

Keller Williams Pacific Estate License #01312891 Listed on: 05/21/2013

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.31 Acre Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 12 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 8,788 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Assessor Parcel Number 5072702800

Community Details

Overview

  • 2 Buildings
  • 12 Units

Building Details

  • 12 Leased Units
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $7,000
  • Maintenance Expense $1,500
  • New Taxes Expense $7,600
  • Gross Income $14,400
  • Net Operating Income $121,440

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

12

Listing Details

  • Assessments: Yes
  • CapRate: 8.67
  • Inclusions: Coin operated washer's & dryers, spare windows and closet doors stored on site.
  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 5072702800
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 154.76

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 12.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 13504.00
  • Lot Size Acres: 0.3100

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Average2 Bed Area: 775
  • Gross Income: 14400.00
  • Gross Scheduled Income: 168000.00
  • Insurance Expense: 7000.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 13504.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Net Operating Income: 121440.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Number With Range: 12
  • Number With Refrigerator: 12
  • Operating Expense: 45660.00
  • Rent Control: No
  • Total Actual Rent: 14000.00

Tax Info

  • New Taxes Expense: 7600.00
  • Tax Year: 2011

Range of Values:

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List Price
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 List to Sale Price per Sq Ft
07/13/2013 07/13/13 Sold $1,360,000 -2.9% $155 / Sq Ft
05/30/2013 05/30/13 Pending -- -- --
03/26/2013 03/26/13 For Sale $1,400,000 -- $159 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS13054107

California Regional Multiple Listing Service (CRMLS)

APN: 507-270-28-00