$640,000 Price Analysis   ♡   Santa Ysabel, CA 92070 4 bed 2 bath 1,573 SqFt ($406/SqFt) 7,500SqFt lot. Built 1954 Listed 2024-05-13 | ✓ USDA Eligible near Santa Ysabel, CA |
Discover a rare gem in historic downtown Santa Ysabel!
This stunning 2-unit building is perfect for generational family living or as a lucrative investment. Located within walking distanc to Julian Pie Company, Dudley's Bakery, Don's Market and the Santa Ysabel Nature Center, this property combines modern comfort with historic charm. Each unit features 2 bedrooms and 1 bathroom, with new carpet, fresh paint and stylish light fixtures. Enjoy year-round comfort with new mini split air units and the convenience of washer-dryer hookups. The lower unit boasts a large deck and private yard, perfect for relaxation.
Upgrades include a new septic system, complete repairs, new fencing around the lot, a custom front gate and RV parking with electrical hookups. All essential appliances, including a stackable washer and dryer in the upstairs unit, are included. The fully gated property offers ample parking and enhanced security. Financially, this property is a sound investment with a purchase price of $640, 000, a fair market rent of $4, 100/month, a cap rate of 5.4% and a gross rent multiplier (GRM) of 12.56. Back on the market due to the previous buyer's failure to secure a mortgage, this is a unique opportunity to own a piece of Santa Ysabel. Dont miss outcontact us today to make this dream property yours!
Presented by Henry Ota at
Engel & Volkers Union Street.
Property MLS #240010575 from SanDiegoMLS
Full Bathrooms: 2
Water Heaters: Gas
Fencing: Full
Lot Size Acres: 0.1721763
Topography: Rolling
Lot Size Square Feet: 7500
Number of Units: 2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Unit-1 Square Feet: 913
Unit-2 Square Feet: 660
Map directions Map directions Map directionsPet Features: Yes
County: San Diego
Cross Street: 78/Washington
Source Property Type: 2-4 UNITS
Area: North County
Source Neighborhood: Santa Ysabel
Parcel Number: 248-045-03-00
Park Name: 30349 Hwy78
Subdivision: SANTA YSABEL
Zoning: R-1:SINGLE
Property Subtype: Res Income 2-4 Units
Source System Name: C2C
$640,000
SanDiegoMLS
Listed 2024-05-13
$620,000
SanDiegoMLS
Listing removed 2023-11-12
$0
CRMLS
Price Changed 2023-10-08
$599,900
CRMLS
Listing removed 2023-09-28
$0
CRMLS
Price Changed 2023-09-26
$615,995
CRMLS
Listed 2023-09-13
$619,900
CRMLS
Listed 2023-09-13
$619,900
CRMLS
Listing removed 2023-09-11
$0
CRMLS
Price Changed 2023-08-27
$629,000
CRMLS
Price Changed 2023-08-08
$650,000
CRMLS
Listed 2023-07-23
$659,000
CRMLS
Listing removed 2023-06-23
$0
SanDiegoMLS
Listing removed 2020-12-08
$1,500
CRMLS
Listing removed 2020-06-11
$0
SanDiegoMLS
Price Changed for rent 2020-05-17
$1,500
SanDiegoMLS
Listed for rent 2020-05-16
$5,500
SanDiegoMLS
Listed 2020-03-30
$515,000
SanDiegoMLS
Year Built: 1954
Building Exterior Type: Stucco
Entry Location: No
Levels: 2 Story
Property Age: 70
Roof: Composition
Levels or Stories: 2
Water Source: Water: Well on Property
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.