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1691 Colfax Dr, Lemon Grove, CA 91945

$1,067,000

Last sold 04/25/2017 for $503K

5
bed
2
bath
2,300
Sqft ($219/Sqft)

House not for sale

About 1691 Colfax Dr

Property type House

Neighborhood

Year built 1965

HOA fee $0/month

Movoto estimate

Parking 1 garage spaces

Rental estimate

Property description

Shown with written offer only- Do Not Disturb the tenant. Great investor opportunity. Large corner lot with 3 sided access. 2 Free standing homes on 1 Parcel. House 1 -1691 Colfax Dr. Lemon Grove 91945 3 BR 1 Bath House 2 - 7829 Can ton Dr. Lemon Grove 91945 2 BR 1 Bath Garage Tenant occupied. Both homes are in fair condition, ready to be flipped or fixed up.

Listed by

Listing Agent - Steve Sneed

Listing Office - Sneed Management

Source: San Diego MLS

MLS#170009349 • last updated 9 years ago

Movoto checked San Diego MLS for data 5 minutes ago

Overview
Cooling/AC	N/K
Levels/Style	1 Story
Status	SOLD
Virtual Tour	N/A
SubType	Res Income 2-4 Units
MLS #	170009349
Short Sale (Y/N)	No
Year Built	1965

Interior
# Bedrooms	1

Exterior
Exterior	Stucco
Roof	Composition
Lot Desc	7, 500-10, 889 SF
Fencing	Partial

Amenities / Utilities
Security Features	N/K

Location
Neighborhood	Lemon Grove
County	San Diego
Community	LEMON GROVE
Community Features	N/K
Cross Street	Canton
APN	577-192-01-00
Zoning	R
Directions	Property Is Located On The Corner Of Colfax And Canton In Lemon Grove.
Walk Score	47

Multifamily Details
Unit 2: # Bedrooms	2
Unit 1: Occupied	Vacant
Unit 1: # Total Baths	1
Unit 2: # Total Baths	1
Unit :1 # of Full Baths	1
Unit 1: SqFt	1200
Unit 2: Occupied	Tenant
Unit 1: # Bedrooms	3
Unit 2: SqFt	1100
Unit 2: Actual Rent	1600
Unit 1: Projected Rent	2000
Unit 2: Projected Rent	2000
Unit 2: # of Full Baths	1
# of Units w/Refrigerator	1
Total # of Units	2
# of Units w/Garage	1
# of Units w/Range/Oven	1
# of Units w/Patios	1
Gross Rent Multiplier (Projected)	11
Gross Rent Multiplier (Actual)	25
Gross Scheduled Income	19200

$1.06M

Range: $928K-$1.2M

Last 30 days

Rental est.: $8,242/month

• Gross rent multiplier: 5.1 - Great

Lower your payment with the loan terms that fit you.

Jun 2017
MLS # 170009349
Jun 30, 2017 Sold
$503,000
Mar 9, 2017 Pending
—
Feb 24, 2017 Listed
$499,000
Apr 2017
Public Records
Apr 12, 2017 Sold
$503,000 (+0.8%)

Year Property taxes Tax assessment
2024
$8,218 +2.4%

$572,324 +2.0%
2023
$8,022 +0.5%

$561,103
2022
$7,983 +2.4%

$561,103 +4.04%
2021
$7,798 +1.2%

$539,316
2020
$7,702 +1.5%

$539,316 +1.04%
2019
$7,585 +2.1%

$533,787 +2.0%
2018
$7,430 +135.1%

$523,321 +210.04%
2016
$3,160 +0.4%

$168,793
2015
$3,146

—

1691 Colfax Dr
$503K
Lemon Grove
$574K 0% y/y
91945
$729K +4% y/y
Lemon Grove
$729K +3% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
1681 Colfax Dr, Lemon Grove, CA 91945	$858,000	3/2	1,978	0.01
7810 Canton Dr, Lemon Grove, CA 91945	$653,000	2/1	964	0.02
1671 Colfax Dr, Lemon Grove, CA 91945	$654,000	3/2	915	0.02
7820 Canton Dr, Lemon Grove, CA 91945	$730,000	3/1	1,180	0.03
1690 Colfax Dr, Lemon Grove, CA 91945	$655,000	2/1	844	0.03
7830 Canton Dr, Lemon Grove, CA 91945	$639,000	3/1	1,176	0.03
1670 Colfax Dr, Lemon Grove, CA 91945	$653,000	2/1	900	0.03
7781 Canton Dr, Lemon Grove, CA 91945	$617,000	2/1	814	0.04

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.