MARTI KILBY,  CRS


Direct: 619-846-9249 |

Fletcher Hills


Fletcher Hills is a suburban community that straddles Fletcher Parkway to the north and south just before the road goes down the hill into El Cajon proper. The area was first developed back in the late 1920’s by Colonel Ed Fletcher who was a prominent San Diegan that spear headed several water projects and was responsible for the development of Fletcher Hills and Mt. Helix, among other communities. The shopping is good and the location convenient but the homes help make this area so special. There are a few areas where small subdivisions were built, but probably 50% of the area is comprised of custom homes. Prices range from $500K to over $1 million with the median price around $700K.


Fletcher Hills

8537-8538 Cora Mae
East County Santee 92071

$459,900
2-4 Units built: 1960

Facade/Exterior Front
Photo 1: SANTEE Property for sale: 8537-8538 Cora Mae
Photo 2: SANTEE Property for sale: 8537-8538 Cora Mae
Photo 3: SANTEE Property for sale: 8537-8538 Cora Mae
Photo 4: SANTEE Property for sale: 8537-8538 Cora Mae
Photo 5: SANTEE Property for sale: 8537-8538 Cora Mae
Photo 6: SANTEE Property for sale: 8537-8538 Cora Mae
Photo 7: SANTEE Property for sale: 8537-8538 Cora Mae
Photo 8: SANTEE Property for sale: 8537-8538 Cora Mae
Photo 9: SANTEE Property for sale: 8537-8538 Cora Mae
Status:
Active
Prop. Type:
2-4 Units
MLS® Num:
190049507
Year Built:
1960
Tremendous opportunity to live in one unit and rent the other to help off set mortgage payment OR Duplex offers a sizable cash flow return with increased rental income potential per section 8 for long term buy and hold. No HOA or management fees so perfect for hands on investor. Larger opportunity has the potential of 3 individual adjacent parcels each representing 1 building and 2 units per parcel for a total of 6 units and 3 parcels. This listing represents 1 parcel and 2 units. See other units listed
Lot Size:
7,500-10,889 SF
Number of Buildings:
1
Number of Units:
2
Year Built:
1960
Stories:
1 Story
Total Stories:
1
Market Area:
East County
Community:
SANTEE
County:
San Diego
Neighborhood Code:
Santee
Name of Complex/Subdivision:
N/A
Home Owner Fees Include:
N/K
Mello Roos Fee:
0.0
Monthly Total Fees:
0.0
Other Fees:
0.0
Other Fee Type:
N/K
Tenant pays:
Sewer, Water, Cable TV, Electricity, Gas/Propane
Projected net operating income:
34600
Other income:
0
Projected other income:
0
Annual expense actual:
5000
Projected annual expense:
6000
Cap Rate.:
4.78
Projected Cap Rate.:
5.7
Gross Rent Multiplier:
17.0
Projected Gross Rent Multiplier:
11.59
Gross scheduled income:
27000
Projected gross scheduled income:
39600
Unit Number for Unit 1:
8538
Finished Area for Unit 1:
728 sq. ft.
Bedrooms for Unit 1:
2
Number of bathrooms for Unit 1:
1
Full Bathrooms for Unit 1:
1
Half Bathrooms for Unit 1:
0
Deposit for Unit 1:
900.0
Total Rent for Unit 1:
1100.0
Projected Rent for Unit 1:
1650.0
Total Garage Spaces for Unit 1:
0
Garage for Unit 1:
N/K
Parking for Unit 1:
Assigned
Unit 1 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 1:
Yes
Unit Number for Unit 2:
8537
Finished Area for Unit 2:
728 sq. ft.
Bedrooms for Unit 2:
2
Number of bathrooms for Unit 2:
1
Full Bathrooms for Unit 2:
1
Half Bathrooms for Unit 2:
0
Deposit for Unit 2:
1300.0
Total Rent for Unit 2:
1300.0
Projected Rent for Unit 2:
1650.0
Total Garage Spaces for Unit 2:
0
Garage for Unit 2:
N/K
Parking for Unit 2:
Assigned
Unit 2 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 2:
Yes
Number of bathrooms for Unit 3:
0
Number of bathrooms for Unit 4:
0
The information contained herein has been obtained from sources believed reliable. While Zimkin Realty does not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property.The value of this transaction to you depends on tax, financial and legal advisers. You and your advisers should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
Prospect
Site Influences:
Easement Access, Private Street, Street Paved
Miscellaneous:
N/K
Complex Features:
N/K
Exposure Front:
N/K
Exterior Features:
Wood
View:
None
Directions:
Prospect to Cora Mae
Cooling:
None
Heating:
Wall/Gravity
Heating fuel:
Natural Gas
Irrigation:
N/K
Additional Use:
N/K
Number of Units with Cooling:
0
Number of Units with Dishwashers:
0
Number of Units with Dryers:
0
Number of Units with Fireplaces:
0
Number of Furnished Units:
0
Number of Units with Garages:
0
Number of Units with Patios:
2
Number of Units with Range/Oven:
2
Number of Units with Refrigerators:
0
Number of Units with Washers:
0
Pool:
N/K
Pool Heat:
None Known
Spa:
N/K
Spa Heat:
None Known
Roof:
Composition
RV Parking:
None Known
Sewer Septic:
Sewer Connected
Telecommunications:
N/K
Water Heater Type:
Gas
Water supply:
Meter on Property
Security:
N/K
Fencing:
Full
Topography:
Level
Short Sale:
No
Listing Type:
Exclusive Right (R)
Age Restrictions:
N/K
Sales Restrictions:
N/K
Terms:
Cash, Conventional, FHA, VA
Pets:
No Pets Allowed
Parcel Number:
384-250-09-00
  • Photo 1: SANTEE Property for sale: 8537-8538 Cora Mae
    Facade/Exterior Front
  • Photo 2: SANTEE Property for sale: 8537-8538 Cora Mae
    Exterior Front
  • Photo 3: SANTEE Property for sale: 8537-8538 Cora Mae
    Photo 3 of 9
  • Photo 4: SANTEE Property for sale: 8537-8538 Cora Mae
    Exterior Back
  • Photo 5: SANTEE Property for sale: 8537-8538 Cora Mae
    Photo 5 of 9
  • Photo 6: SANTEE Property for sale: 8537-8538 Cora Mae
    Photo 6 of 9
  • Photo 7: SANTEE Property for sale: 8537-8538 Cora Mae
    Photo 7 of 9
  • Photo 8: SANTEE Property for sale: 8537-8538 Cora Mae
    Photo 8 of 9
  • Photo 9: SANTEE Property for sale: 8537-8538 Cora Mae
    Photo 9 of 9
Larger map options:
Listed by Zimkin Realty
Data was last updated November 15, 2019 at 11:10 PM (UTC)
Area Statistics
Listings on market:
38
Avg list price:
$672,500
Min list price:
$459,900
Max list price:
$1,900,000
Avg days on market:
76
Min days on market:
6
Max days on market:
1,594
Avg price per sq.ft.:
$57.69
These statistics are generated based on the current listing's property type and located in East County. Average values are derived using median calculations.