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1503 Luke Lane

El Cajon, CA 92021
  • $875,000
  • STATUS: ACTIVE
  • ON SITE: 37 Days
  • ID#: 240005230
$875,000
  • 5
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,056
    SQFT
  • $426
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1955
County:

School Ratings & Info

Description

AMAZING DUPLEX. 2 HOMES ONE LOT, close to transportation. The two homes have private back and front yards and their own private entrance. Built in 1983 on a 9583 SQ Ft Lot. Perfect for an owner occupant looking to offset their mortgage, or an investor looking for Residual income. 1st Home: 1503 Luke Lane is a 3bds, 1bath 1330 square foot home. 2nd home: 951 N. Third St is a 2bds/1 bath 726 square foot home. Both homes have dual pane windows. N Third Street is stucco.

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San Diego MLS logo 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 San Diego MLS. 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 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/148442574
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1503 Luke Lane El Cajon, CA 92021

  • Price: $875,000
  • Status: ACTIVE
  • On Site: 37 Days
  • ID#: 240005230
5
Beds
2
Baths
0
½ Baths
N/A
Acres
2,056
SQFT
$426
$/SQFT
1955
Built
Neighborhood:
El Cajon City
County:
San Diego
Area:
El Cajon (92021)
Property Description
AMAZING DUPLEX. 2 HOMES ONE LOT, close to transportation. The two homes have private back and front yards and their own private entrance. Built in 1983 on a 9583 SQ Ft Lot. Perfect for an owner occupant looking to offset their mortgage, or an investor looking for Residual income. 1st Home: 1503 Luke Lane is a 3bds, 1bath 1330 square foot home. 2nd home: 951 N. Third St is a 2bds/1 bath 726 square foot home. Both homes have dual pane windows. N Third Street is stucco.
Exterior Features

Exterior Wood Fencing Full Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 1 Units With Patios 1

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Heat Equipment Wall/Gravity Heat Source Natural Gas Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 2 Units With Fireplaces 0 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 2 Water Heater Type Gas

Property Features

Actual Cap Rate 0.0 Age Restrictions N/K Annual Expense Actual 28800 Annual Expense Projected 26000 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community SAN DIEGO Complex Park none Cross Streets Third Street Gross Rent Multiplier Actual 17.0 Gross Rent Multiplier Project 14.52 Gross Scheduled Income Actual 52800 Gross Scheduled Income Project 65400 Mandatory Remarks None Known Market Area East County Monthly Total Fees 0 Net Operating Income Projected 26000 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 0.0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays TrashWaterCable TVElectricityGas/Propane Terms CashConventional Unit Number For Unit1 1503 Unit Number For Unit2 951 Unit1 Deposit 1600 Unit1 Occupied Tenant Unit1 Projected Rent 3200.0 Unit1 Rent Actual 2650.0 Unit2 Deposit 1200 Unit2 Occupied Tenant Unit2 Projected Rent 2250.0 Unit2 Rent Actual 1750.0 Zoning RMF

San Diego MLS logo Listing provided courtesy of Ernie Castellanos of USAFC Realty: 619-816-7787. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo 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 San Diego MLS. 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 San Diego MLS, Inc. Licensed in the state of California.
 
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