30349 California 78 Santa Ysabel, CA 92036
Highlights
- RV Parking in Community
- Covered RV Parking
- Property is Fully Fenced
- Gated Parking
- Mountain View
About This Home
As of July 2024Discover 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 distance 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. Don’t miss out—contact us today to make this dream property yours!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1954
Lot Details
- 7,500 Sq Ft Lot
- Property is Fully Fenced
Home Design
- Composition Roof
- Stucco Exterior
Interior Spaces
- 2-Story Property
- Mountain Views
Parking
- Gated Parking
- Covered RV Parking
Schools
- Julian Union School District Elementary School
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Uses Propane
- Well
- Gas Water Heater
- Perc Test On File For Septic Tank
- Septic System
Listing and Financial Details
- Assessor Parcel Number 248-045-03-00
Community Details
Overview
- 2 Units
- 30349 Hwy78 Community
- RV Parking in Community
Pet Policy
- Pets Allowed
Building Details
- Net Operating Income $46,200
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/29/2024 07/29/24 | Sold | $630,000 | -1.6% | $401 / Sq Ft |
| 07/01/2024 07/01/24 | Price Changed | $640,000 | +3.2% | $407 / Sq Ft |
| 07/01/2024 07/01/24 | For Sale | $620,000 | 0.0% | $394 / Sq Ft |
| 05/24/2024 05/24/24 | Pending | -- | -- | -- |
| 05/13/2024 05/13/24 | For Sale | $620,000 | 0.0% | $394 / Sq Ft |
| 06/10/2020 06/10/20 | Rented | $1,500 | -72.7% | -- |
| 06/10/2020 06/10/20 | Under Contract | -- | -- | -- |
| 05/16/2020 05/16/20 | For Rent | $5,500 | -- | -- |
Source: San Diego MLS
MLS Number: 240010575
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