Fantastic 4 unit property below $500k in the beautiful community of Borrego Springs! All units are 1 bedroom 1 bath. This is ideal situation for investor or live full or part time while paying for itself. The existing property was recently acquired and two of the units have been remodeled and leased to show the substantial increase in income. The two other units can be remodeled for an increase in rent. New septic system has been installed, each unit has 100 amp panels and all have newer split systems for energy efficient cooling/heating. Over a half acre lot. Beautiful views of the mountains and easy bike ride to Borrego Springs, Christmas Circle. Buyer to verify all. Seller may carry.
Sold for $340,000 on 10/31/23
Listing Provided by:
Kerry Christenson DRE #01184759 619-552-9872,
Coldwell Banker Borrego
Bought with: Coldwell Banker Borrego
$340,000
3125-31 Borrego Springs Rd, Borrego Springs, CA 92004
4beds
4baths
2,112sqft
Quadruplex
Built in 1966
-- sqft lot
$459,000 Zestimate®
$161/sqft
$2,254 Estimated rent
Home value
$459,000
$399,000 - $523,000
$2,254/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: November 13, 2023 at 10:54am
Listing Provided by:
Kerry Christenson DRE #01184759 619-552-9872,
Coldwell Banker Borrego
Bought with:
Kerry Christenson, DRE #01184759
Coldwell Banker Borrego
Source: CRMLS,MLS#: NDP2301917
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Appliances
- Laundry: None
Features
- Has fireplace: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 2,112
- Total interior livable area: 2,112 sqft
Property
Parking
- Total spaces: 4
- Parking features: Carport
- Carport spaces: 4
Features
- Entry location: door
- Pool features: None
Lot
- Size: 0.53 Acres
- Features: Level
Details
- Parcel number: 1982510500
- Zoning: Multi Family Residential
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- Year built: 1966
Utilities & green energy
- Water: Public
Community & neighborhood
Community
- Community features: Rural
Location
- Region: Borrego Springs
Other
Other facts
- Listing terms: Cash,Conventional,1031 Exchange
Price history
| Date | Event | Price |
|---|---|---|
| 10/31/2023 | Sold | $340,000-13.9%$161/sqft |
Source:  CRMLS #NDP2301917 | ||
| 7/25/2023 | Contingent | $395,000$187/sqft |
Source: CRMLS #NDP2301917 | ||
| 7/25/2023 | Listed for sale | $395,000$187/sqft |
Source: CRMLS #NDP2301917 | ||
| 7/25/2023 | Contingent | $395,000$187/sqft |
Source: CRMLS #NDP2301917 | ||
| 5/13/2023 | Price change | $395,000-20.2%$187/sqft |
Source: CRMLS #NDP2301917 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,959 +2.1% | $346,800 +2% |
| 2024 | $3,878 +79.1% | $340,000 +88.9% |
| 2023 | $2,165 +12.1% | $180,000 +14.3% |
Find assessor info on the county website
Neighborhood: 92004
Nearby schools
GreatSchools rating
- 5/10Borrego Springs Elementary SchoolGrades: K-5Distance: 2.2 mi
- 3/10Borrego Springs Middle SchoolGrades: 6-8Distance: 2.2 mi
- 6/10Borrego Springs High SchoolGrades: 9-12Distance: 2.1 mi
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$459,000
2% more+ $9,180
With Zillow Showcase(estimated)
$468,180