1410-12 Marline Avenue

El Cajon, CA 92021

$1,220,000
Last Sold Price
5
Beds
1,942 Sq. Ft.
$628 / Sq. Ft.
1,942
Sq. Ft.
$628
per Sq. Ft.

Description

Amazing opportunity to own 2 homes on 1 lot PLUS seller has city APPROVED plans to build TWO MORE UNITS. Plans for additional two units are 3 bedroom, 2.5 bath with two car garage approximately 1400 sq ft on this Huge .45 acre lot. Unit 1410 has been FULLY RENOVATED and each unit is on a month to month basis. Rents are currently under market value. Unit 1412 was remolded in 2019 has an attached 1 car garage. This income property is conveniently located with easy access to HWY 8 and close to shopping.Amazing opportunity to own 2 homes on 1 lot PLUS seller has city APPROVED plans to build TWO MORE UNITS. Plans for additional two units are 3 bedroom, 2.5 bath with two car garage approximately 1400 sq ft on this Huge .45 acre lot. Unit 1410 has been FULLY RENOVATED and each unit is on a month to month basis. Rents are currently under market value. Unit 1412 was remolded in 2019 has an attached 1 car garage. This income property is conveniently located with easy access to HWY 8 and close to shopping.
  1. Listed by Rafi Gorges • DRE #01703837 • Brokerage DRE #01233826 • Realty Executives Dillon

Property Details for 1410-12 Marline Avenue

Parking Spaces Total
1
Private Pool
No
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1942
Assessor Parcel Number
507-282-31-00
Property Attached YN
false

Location

Listing Courtesy of Realty Executives Dillon, Rafi Gorges, DRE #01703837

Sold By eXp Realty of California, Inc., Justin Shokoor, DRE #02047127

Add your commute
LISTING UPDATED: 05/12/2023 08:07 AM

Property Details for 1410-12 Marline Avenue

StatusClosed
MLS #PTP2301222
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1931
Lot Size0.45 AC / 19,790 SF
CountySan Diego County

Location

Listing Courtesy of Realty Executives Dillon, Rafi Gorges, DRE #01703837

Sold By eXp Realty of California, Inc., Justin Shokoor, DRE #02047127

Add your commute

Building Information for 1410-12 Marline Avenue

Stories1Residences-Year Built1931Building Size-Lot Size0.45 AC / 19,790 SF

Payment Calculator

$6,658 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,658

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1410-12 Marline Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $56,820
  • Gross Scheduled Income: $59,520
  • Net Operating Income: $2,700
  • Cap Rate: 4.0
Expense Details
  • Operating Expense: $2,700
  • New Taxes Expense: $0
  • Insurance Expense: $300
  • Trash Expense: $0
  • Water Sewer Expense: $225
  • Total Expenses: $3,900
Tax / Assessment Info
  • Tax Tract Number: 001833
  • Tax Lot: 507-282-31-00
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Rural
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Outside
Exterior Features
  • Entry Location: 1
  • Fence: No
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Level
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking: No
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,680
  • Unit Type Total Rent: $2,680
  • Unit Type Pro Forma: 2680
  • Unit Type Type: 1
Unit 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,280
  • Unit Type Total Rent: $2,280
  • Unit Type Pro Forma: 2280
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Number With Disposal: 2

Property History for 1410-12 Marline Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1410-12 Marline Avenue

This home is within Cajon Valley Union School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
W. D. Hall Elementary School
PublicK to 5

Bostonia Elementary School
PublicK to 8

Greenfield Middle School
Public6 to 8

Granite Hills High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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Listing Courtesy of Realty Executives Dillon, Rafi Gorges, DRE #01703837

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