788-90 Grossmont Avenue

El Cajon, CA 92020

$899,000
Price
3
Beds
1,208 Sq. Ft.
$744 / Sq. Ft.
1,208
Sq. Ft.
$744
per Sq. Ft.

Description

Seize the opportunity to own this exceptional two-unit property, offering both comfort and investment potential. Each unit is equipped with its own water heater, HVAC system, washer and dryer, and additional storage space. Both units share a single water meter, gas meter, and are powered by solar energy, ensuring efficiency and lower utility costs. The property sits on a flat, spacious lot with secure alley access to a large backyard, spanning approximately a third of an acre, the back dirt yard...Seize the opportunity to own this exceptional two-unit property, offering both comfort and investment potential. Each unit is equipped with its own water heater, HVAC system, washer and dryer, and additional storage space. Both units share a single water meter, gas meter, and are powered by solar energy, ensuring efficiency and lower utility costs. The property sits on a flat, spacious lot with secure alley access to a large backyard, spanning approximately a third of an acre, the back dirt yard space is currently rented out, allowing for maximum income for this parcel. This versatile space, enclosed by a privacy fence, offers endless possibilities for expansion or additional uses. Each unit features its own fenced yard, providing privacy and convenience for tenants. Ample on-site parking. Ideally situated near Lake Murray, Big Rock Park, and Mission Trails Regional Park, this location is a haven for outdoor enthusiasts. With easy access to the I-8 freeway, residents enjoy seamless connectivity to the rest of San Diego, making this an attractive opportunity for both renters and investors.
  1. Listed by Dene Sellers • DRE #01923880 • Brokerage DRE #00616212 • Coldwell Banker Realty • 760-859-7417

Property Details for 788-90 Grossmont Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Lot Size Dimensions
13962
Living Area
1208
Assessor Parcel Number
492-641-15-00
LISTING UPDATED: 11/17/2024 09:42 PM

Property Details for 788-90 Grossmont Avenue

StatusActive
MLS #NDP2409653
Days on Market17
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1942
Lot Size0.32 AC / 13,939 SF
CountySan Diego County

Building Information for 788-90 Grossmont Avenue

Stories1Residences-Year Built1942Building Size-Lot Size0.32 AC / 13,939 SF

Property Information for 788-90 Grossmont Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $45,480
  • Gross Scheduled Income: $45,480
  • Vacancy Allowance: 0
  • Net Operating Income: $34,628
  • Cap Rate: 3.85
Expense Details
  • Operating Expense: $37,510
  • New Taxes Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $2,400
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $2,881
Tax / Assessment Info
  • Tax Tract Number: 001636
  • Tax Lot: 199
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Entry Location: Front
  • Fence: No
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Back Yard, Front Yard, Yard
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,295
  • Unit Type Total Rent: $2,295
  • Unit Type Pro Forma: 27540
  • 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: $1,550
  • Unit Type Total Rent: $1,550
  • Unit Type Pro Forma: 18600
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Wall AC: 1

Property History for 788-90 Grossmont Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 788-90 Grossmont Avenue

This home is within Cajon Valley Union School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Chase Avenue Elementary School
PublicK to 6

Emerald Middle School
Public6 to 8

Grossmont High School
Public9 to 12

Eje Middle Academy
Charter6 to 8

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.

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788-90 Grossmont Avenue is a multi-family home for sale in El Cajon, CA 92020. This property was listed for sale on October 30, 2024 by Coldwell Banker Realty, it's currently listed at $899,000. This listing's school districts are Cajon Valley Union School District, Grossmont Union High School District. Nearby schools include Chase Avenue Elementary School, Emerald Middle School and Grossmont High School. 788-90 Grossmont Avenue is a 3-bed, 0-bath, 1,208 sqft multi-family home built in 1942.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Dene Sellers, DRE #01923880

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