Marti Kilby, CRS

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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

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1033-1039 Dennstedt Place
East County El Cajon 92020

$1,780,000
2-4 Units built: 1957

Exterior Front
Photo 1: EL CAJON Property for sale: 1033-1039 Dennstedt Place
Photo 2: EL CAJON Property for sale: 1033-1039 Dennstedt Place
Photo 3: EL CAJON Property for sale: 1033-1039 Dennstedt Place
Photo 4: EL CAJON Property for sale: 1033-1039 Dennstedt Place
Photo 5: EL CAJON Property for sale: 1033-1039 Dennstedt Place
Photo 6: EL CAJON Property for sale: 1033-1039 Dennstedt Place
Photo 7: EL CAJON Property for sale: 1033-1039 Dennstedt Place
Photo 8: EL CAJON Property for sale: 1033-1039 Dennstedt Place
Photo 9: EL CAJON Property for sale: 1033-1039 Dennstedt Place
Status:
Active
Prop. Type:
2-4 Units
MLS® Num:
220023364
Year Built:
1957
Four single level garden cottage style units in two duplexes on a large lot on Murray Hill next to Grossmont High School at the end of a cul-de-sac street. Potential for ADU units subject to city approval. Coin Laundry and storage room in garage building. All long term tenants are currently at below market rent for the area. All tenants paid Security Deposit and Last Months Rent upon move in. All Tenant have renters insurance. City used EDCO trash pick up and bills owner every four months Shown with accepted offer. Drive by only. Buyer to cooperate with Seller's IRS 1031 exchange. Only 1035 has washer/dryer hookups and built in AC unit. 1037 does not have a private yard/patio the other three do. One of the four garages is rented month to month for $150/mo. Three garages are use by the owner. Market rent is $250-300 each garage per month.
Lot Size:
4,000-7,499 SF
Lot Size:
14,810.4 sq. ft.
Number of Buildings:
3
Number of Units:
4
Year Built:
1957
Stories:
1 Story
Total Stories:
1
Market Area:
East County
Community:
EL CAJON
County:
San Diego
Neighborhood Code:
Fletcher Hills
Name of Complex/Subdivision:
Murray Hill
Home Owner Fees Include:
Trash Pickup, Water
Mello Roos Fee:
0.0
Monthly Total Fees:
95.0
Other Fees:
1140.0
Other Fees Frequency:
Other/Remarks
Other Fee Type:
N/K, Other/Remarks
Tenant pays:
Cable TV, Electricity, Gas/Propane
Projected net operating income:
85200
Other income:
500
Projected other income:
1500.0
Annual expense actual:
17400
Projected annual expense:
18000
Cap Rate.:
3.6
Projected Cap Rate.:
4.7
Gross Rent Multiplier:
21.5
Projected Gross Rent Multiplier:
17.2
Gross scheduled income:
82800
Projected gross scheduled income:
103200
Unit Number for Unit 1:
1033
Finished Area for Unit 1:
800 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:
1750.0
Total Rent for Unit 1:
1750.0
Projected Rent for Unit 1:
1950.0
Total Garage Spaces for Unit 1:
1
Garage for Unit 1:
Detached
Unit 1 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 1:
Common
Unit Number for Unit 2:
1035
Finished Area for Unit 2:
700 sq. ft.
Bedrooms for Unit 2:
1
Number of bathrooms for Unit 2:
1
Full Bathrooms for Unit 2:
1
Half Bathrooms for Unit 2:
0
Deposit for Unit 2:
1400.0
Total Rent for Unit 2:
1620.0
Projected Rent for Unit 2:
1850.0
Total Garage Spaces for Unit 2:
1
Garage for Unit 2:
Detached
Unit 2 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 2:
Yes
Unit Number for Unit 3:
1035
Finished Area for Unit 3:
700 sq. ft.
Bedrooms for Unit 3:
1
Number of bathrooms for Unit 3:
1
Full Bathrooms for Unit 3:
1
Half Bathrooms for Unit 3:
0
Deposit for Unit 3:
1700.0
Total Rent for Unit 3:
1700.0
Projected Rent for Unit 3:
1800.0
Total Garage Spaces for Unit 3:
1
Garage for Unit 3:
Detached
Unit 3 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 3:
Common
Unit Number for Unit 4:
1039
Finished Area for Unit 4:
800 sq. ft.
Bedrooms for Unit 4:
2
Number of bathrooms for Unit 4:
1
Full Bathrooms for Unit 4:
1
Half Bathrooms for Unit 4:
0
Deposit for Unit 4:
1500.0
Total Rent for Unit 4:
1680.0
Projected Rent for Unit 4:
1950.0
Total Garage Spaces for Unit 4:
1
Garage for Unit 4:
Detached
Unit 4 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 4:
Common
Murray Dr
School District URL:
http://www.guhsd.net/
Elementary School:
Cajon Valley Union School District
Elementary School URL:
http://www.cajonvalley.net/
Middle School:
Cajon Valley Union School District
Middle School URL:
http://www.cajonvalley.net/
High School:
Grossmont Union High School District
Site Influences:
Cul-De-Sac, Public Street, Street Paved
Frontage:
175'
Exterior Features:
Stucco
View:
Parklike
Directions:
Take Murray Drive past Grossmont High School, turn left on Dennstedt Place to end of cul-de-sac.
Cooling:
Other
Heating:
Wall/Gravity
Heating fuel:
Natural Gas
Number of Units with Cooling:
0
Number of Units with Dishwashers:
2
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:
3
Number of Units with Range/Oven:
4
Number of Units with Refrigerators:
4
Number of Units with Washers:
0
Pool:
N/K
Pool Heat:
None Known
Spa:
N/K
Spa Heat:
None Known
Roof:
Composition
RV Parking:
On-Site Parking, Potential Space
Sewer Septic:
Sewer Connected
Water district:
HELIX WATER DISTRICT
Water Heater Type:
Gas
Boat Facilities:
Other/Remarks
Security:
N/K
Fencing:
Partial
Topography:
Slope Gentle
Short Sale:
No
Listing Type:
Exclusive Agency (A)
Age Restrictions:
N/K
Sales Restrictions:
Other/Remarks
Terms:
Cash
Parcel Number:
487-760-08-00
  • Photo 1: EL CAJON Property for sale: 1033-1039 Dennstedt Place
    Exterior Front
  • Photo 2: EL CAJON Property for sale: 1033-1039 Dennstedt Place
    Exterior Front
  • Photo 3: EL CAJON Property for sale: 1033-1039 Dennstedt Place
    Parking Lot/Garage
  • Photo 4: EL CAJON Property for sale: 1033-1039 Dennstedt Place
    Living Room
  • Photo 5: EL CAJON Property for sale: 1033-1039 Dennstedt Place
    Living Room
  • Photo 6: EL CAJON Property for sale: 1033-1039 Dennstedt Place
    Bathroom
  • Photo 7: EL CAJON Property for sale: 1033-1039 Dennstedt Place
    Bedroom
  • Photo 8: EL CAJON Property for sale: 1033-1039 Dennstedt Place
    Living Room
  • Photo 9: EL CAJON Property for sale: 1033-1039 Dennstedt Place
    Kitchen
Listed by Point Properties
Data was last updated October 5, 2022 at 01:10 AM (UTC)
Area Statistics
Listings on market:
40
Avg list price:
$949,500
Min list price:
$630,000
Max list price:
$1,799,000
Avg days on market:
126
Min days on market:
20
Max days on market:
2,644
Avg price per sq.ft.:
$77.25
These statistics are generated based on the current listing's property type and located in East County. Average values are derived using median calculations.
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