$1,010,000
SOLD MAR 10, 2025

773 N Mollison Ave El Cajon, CA 92021

-- Bed
-- Bath
2,500 Sq Ft
0.36 Acres

Recently Sold

$404 Per Sq Ft

6% Below List Price

47 Days on Market

Highlights

  • Private Yard
  • Laundry Room
  • Family Room
  • No HOA
  • Forced Air Heating System
  • Wood Fence

About This Home

As of March 2025

Multi Purpose Property. This is a must see... a blank canvas. The house is big! The lot is big! A rare find. It may be perfect for a senior care facility, senior daycare, or maybe a child daycare. There is so much unused area in the back. The City says zoning is R-3 allowing for even more additional uses. Or, you can just cozy down and have a multi-generational family compound… and maybe build some additional living quarters. The back yard is flat… there is room enough to park just about anything. And, maybe you have your heart set on having your own orchard and garden… there is certainly room for that. City says you can build additional structures, expand existing home.... and on and on. Come take a look and see what ideas you might have. Re development possibilities are also exciting for now or in the future. Current zoning is Residential Multi Family R3 / RM2500. Lot size is approximately 15,689. El Cajon City Zoning says 6 units plus perhaps 2 additional ADU’s. Buyer to verify all possibilities at El Cajon City Building Department. The upcoming year 2025 is said to bring even more development / use opportunities. This area of Mollison in El Cajon has a high number of multi residential properties. This lot has a high walk score and is adjacent to Denny's, Starbucks, convenience stores and gas stations plus… it is close to all levels of schools; elementary, middle and high school. Easy access to all with Interstate 8 so close. The home itself is older but in good condition. After being rented for 12 years straight, the seller went in and made some nice repairs and refreshed the home. It has a fresh coat of paint inside, new kitchen and baths, new lighting. It’s all ready for new flooring that will be left up the buyer to pick with a generous flooring allowance. The home has nearly 2500 square feet. At some point the patio was enclosed and garage converted, adding considerable living area to the square footage listed on the tax rolls. The house now has 4 bedrooms and 2 baths with large living room and fireplace, dining room, large family room, inside laundry room. The house is naturally bright with lots of windows. NOTE: This property is being sold AS-IS. The property is held in a family trust, permits are unknown. Although the information provided herein is thought to be reliable, the buyer and buyer’s agent MUST satisfy themselves by performing their own due diligence to research and verify all information pertaining to this property prior to the removal of contingencies. This property is also listed under Residential.

Last Agent to Sell the Property

Karen Hubbard

Real Estate Center San Diego Brokerage Email: karenhubbard747@gmail.com License #01222656

Co-Listed By

Kelly Souza

Real Estate Center San Diego Brokerage Email: karenhubbard747@gmail.com License #02202342

Last Buyer's Agent

Cideer Saco

Century 21 Affiliated License #02055850

Century 21 Affiliated

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,870

Year Built

  • Built in 1950

Lot Details

  • 0.36 Acre Lot
  • No Common Walls
  • Wood Fence
  • Chain Link Fence
  • Private Yard

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,500 Sq Ft Home
  • 1-Story Property
  • Fireplace Features Masonry
  • Family Room
  • Living Room with Fireplace
  • Laundry Room

Parking

  • 20 Open Parking Spaces
  • 20 Parking Spaces

Utilities

  • Forced Air Heating System
  • Cable TV Available

Listing and Financial Details

  • Tax Lot /7
  • Tax Tract Number 5019
  • Assessor Parcel Number 4843220800
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association

Building Details

  • 1 Leased Unit
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,358
  • New Taxes Expense $1,501
  • Operating Expense $2,859
  • Gross Income $34,800
  • Net Operating Income $31,941

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,870

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 1045000
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Zoning: Residential Multi Family. R-3 / RM 2500.
  • Property Type: Residential Income
  • Parcel Number: 4843220800
  • Year Built: 1950
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Entry Location: front
  • Common Walls: No Common Walls
  • Appliances: No
  • Entry Level: 1
  • Fireplace Features: Living Room, Masonry
  • Levels: One
  • Price Per Square Foot: 404.00
  • Room Type: All Bedrooms Down, Family Room, Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom

Exterior Features

  • Foundation: Concrete Perimeter
  • Fence: Yes
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 20.00
  • Uncovered Spaces: 20.00

Utilities

  • Utilities: Cable Connected, Electricity Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Forced Air
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size: 194 x 82 Approximate
  • Lot Size Sq Ft: 15689.00
  • Lot Size Acres: 0.3602

Multi Family

  • Gross Income: 34800.00
  • Gross Scheduled Income: 34800.00
  • Insurance Expense: 1358.00
  • Lot Size Area: 15689.0000 Square Feet
  • Net Operating Income: 31941.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 1
  • Operating Expense: 2859.00
  • Rent Control: No
  • Total Actual Rent: 2900.00
  • Total Expenses: 2859.00

Tax Info

  • New Taxes Expense: 1501.00
  • Tax Lot: /7
  • Tax Tract Number: 005019

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2025 03/10/25 Sold $1,010,000 -3.3% $404 / Sq Ft
02/12/2025 02/12/25 Pending -- -- --
01/27/2025 01/27/25 Price Changed $1,045,000 -2.3% $418 / Sq Ft
12/27/2024 12/27/24 For Sale $1,070,000 -- $428 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,870 $50,437 $43,228 $7,209
2023 $1,501 $49,449 $42,381 $7,068
2022 $1,489 $48,480 $41,550 $6,930
2021 $1,634 $47,531 $40,736 $6,795
2020 $1,485 $47,045 $40,319 $6,726
2019 $602 $46,124 $39,529 $6,595
2018 $593 $45,220 $38,754 $6,466
2017 $585 $44,335 $37,995 $6,340
2016 $561 $43,466 $37,250 $6,216
2015 $559 $42,814 $36,691 $6,123
2014 $549 $41,977 $35,973 $6,004
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $703,500 New Conventional
Source: Public Records

Deed History

Date Type Sale Price Title Company
Grant Deed $1,010,000 First American Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2407755

California Regional Multiple Listing Service (CRMLS)

APN: 484-322-08