3125-31 Borrego Springs Road

Borrego Springs, CA 92004

$340,000
Last Sold Price
4
Beds
2,112 Sq. Ft.
$161 / Sq. Ft.
2,112
Sq. Ft.
$161
per Sq. Ft.

Description

Fantastic 4 unit property below $500k in the beautiful community of Borrego Springs! All units are 1 bedroom 1 bath. This is ideal situation for investor or live full or part time while paying for itself. The existing property was recently acquired and two of the units have been remodeled and leased to show the substantial increase in income. The two other units can be remodeled for an increase in rent. New septic system has been installed, each unit has 100 amp panels and all have newer split systems...Fantastic 4 unit property below $500k in the beautiful community of Borrego Springs! All units are 1 bedroom 1 bath. This is ideal situation for investor or live full or part time while paying for itself. The existing property was recently acquired and two of the units have been remodeled and leased to show the substantial increase in income. The two other units can be remodeled for an increase in rent. New septic system has been installed, each unit has 100 amp panels and all have newer split systems for energy efficient cooling/heating. Over a half acre lot. Beautiful views of the mountains and easy bike ride to Borrego Springs, Christmas Circle. Buyer to verify all. Seller may carry.
  1. Listed by Kerry Christenson • DRE #01184759 • Brokerage DRE #01912388 • Coldwell Banker Borrego

Property Details for 3125-31 Borrego Springs Road

Parking Spaces Total
4
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
2112
Assessor Parcel Number
198-251-05-00
Property Attached YN
true

Location

Listing Courtesy of Coldwell Banker Borrego, Kerry Christenson, DRE #01184759

Sold By Coldwell Banker Borrego, Kerry Christenson, DRE #01184759

Add your commute
LISTING UPDATED: 11/13/2023 02:54 AM

Property Details for 3125-31 Borrego Springs Road

StatusClosed
MLS #NDP2301917
Days on Market131
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1966
Lot Size0.53 AC / 23,086 SF
CountySan Diego County

Location

Listing Courtesy of Coldwell Banker Borrego, Kerry Christenson, DRE #01184759

Sold By Coldwell Banker Borrego, Kerry Christenson, DRE #01184759

Add your commute

Building Information for 3125-31 Borrego Springs Road

Stories1Residences-Year Built1966Building Size-Lot Size0.53 AC / 23,086 SF

Payment Calculator

$1,856 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,856

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3125-31 Borrego Springs Road

Income / Expense / Tax Details
Income Details
  • Gross Income: $38,400
  • Gross Scheduled Income: $3,250
  • Vacancy Allowance: 900
  • Gross Operating Income: $2,350
  • Net Operating Income: $1,750
  • Cap Rate: 7.75
Expense Details
  • Operating Expense: $100
  • New Taxes Expense: $0
  • Fuel Expense: $0
  • Insurance Expense: $100
  • Trash Expense: $125
  • Water Sewer Expense: $125
  • Total Expenses: $600
Tax / Assessment Info
  • Tax Tract Number: 002457
  • Tax Lot: 143
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Rural
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: door
  • Fence: No
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Level
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Parking Garage Spaces: 0
  • Carport Spaces: 4
Unit Information
Unit 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $650
  • Unit Type Total Rent: $650
  • Unit Type Pro Forma: 850
  • Unit Type Type: 1
Unit 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $850
  • Unit Type Total Rent: $850
  • Unit Type Pro Forma: 850
  • Unit Type Type: 2
Unit 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 900
  • Unit Type Type: 3
Unit 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $850
  • Unit Type Total Rent: $850
  • Unit Type Pro Forma: 850
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 1

Property History for 3125-31 Borrego Springs Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 3125-31 Borrego Springs Road

This home is within Borrego Springs Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Borrego Springs Elementary School
PublicK to 5

Borrego Springs Middle School
Public6 to 8

Borrego Springs High School
Public9 to 12

San Diego Workforce Innovation High
Charter9 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Borrego, Kerry Christenson, DRE #01184759

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by SDMLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 SDMLS®, Inc.