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1033 Dennstedt Place

El Cajon, CA 92020
  • $1,850,000
  • STATUS: ACTIVE
  • ON SITE: 34 Days
  • ID#: 240011191
$1,850,000
  • 6
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,000
    SQFT
  • $617
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1953
County:

School Ratings & Info

Description

Fletcher Hills Four Units in Two duplexes and detached Garages with coin laundry on Cul-de-Sac near Griffin Park and Grossmont High on Murray Hill. Large lot has potential for ADUs subject to city approval. All tenants are long term with good credit and large deposits. GSI over $99K with room for increases. The Four Garages could rent for $250-300 each, owner uses two garages. One unit 1035 is newly upgraded with new bathroom, AC and washer/dryer hookups. Subject to seller's 1031 exchange. Potential seller carryback with large down and excellent buyer credit.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/150698140
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1033 Dennstedt Place El Cajon, CA 92020

  • Price: $1,850,000
  • Status: ACTIVE
  • On Site: 34 Days
  • ID#: 240011191
6
Beds
4
Baths
0
½ Baths
N/A
Acres
3,000
SQFT
$617
$/SQFT
1953
Built
Neighborhood:
Fletcher Hills
County:
San Diego
Area:
El Cajon (92020)
Property Description
Fletcher Hills Four Units in Two duplexes and detached Garages with coin laundry on Cul-de-Sac near Griffin Park and Grossmont High on Murray Hill. Large lot has potential for ADUs subject to city approval. All tenants are long term with good credit and large deposits. GSI over $99K with room for increases. The Four Garages could rent for $250-300 each, owner uses two garages. One unit 1035 is newly upgraded with new bathroom, AC and washer/dryer hookups. Subject to seller's 1031 exchange. Potential seller carryback with large down and excellent buyer credit.
Exterior Features

Exterior StuccoWood/Stucco Fencing Partial Frontage Other/Remarks Irrigation Other/Remarks Parking For RV On-Site ParkingPotential SpaceOther/Remarks Parking Garage Desc Unit1 AssignedDetached Parking Garage Desc Unit2 N/K Parking Garage Desc Unit3 N/K Parking Garage Desc Unit4 N/K Parking Non Garage Desc Unit1 Assigned Parking Non Garage Desc Unit2 Assigned Parking Non Garage Desc Unit3 Assigned Parking Non Garage Desc Unit4 Assigned Pool N/K Pool Heat None Known Roof Composition Site Cul-De-SacPublic Street Spa N/K Spa Heat None Known Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard Yes Units With Garages 1 Units With Patios 3 View Other/Remarks

Interior Features

Cooling Other/Remarks Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment Wall/Gravity Heat Source Natural Gas Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups No Unit4 Laundry Hook Ups No Units With Cooling 1 Units With Dishwashers 1 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 0 Water Heater Type Gas

Property Features

Actual Cap Rate 4.75 Additional Property Use ORMKS Age Restrictions N/K Annual Expense Actual 14500 Annual Expense Projected 15500 Association ID San Diego Association of REALTORS (SDAR) Buildings 3 Cfd Mello Roos Fee 0.0 Cfd Mello Roos Fee Reflects None Known Community EL CAJON Complex Features Laundry FacilitiesRecreation AreaOther/Remarks Complex Park Murray Hill Cross Streets Murray Drive Gross Rent Multiplier Actual 18.6 Gross Rent Multiplier Project 15.8 Gross Scheduled Income Actual 99400 Gross Scheduled Income Project 117000 Home Owners Assoc Fee Includes N/K Jurisdiction Incorporated Mandatory Remarks None Known Market Area East County Miscellaneous Outbuilding Monthly Total Fees 0 Net Operating Income Projected 100000 Other Fees 0.0 Other Income Actual 800 Pets No Pets Allowed Possession Call Listing Agent Projected Cap Rate 6.32 Projected Other Income 1000.0 Sales Restrictions N/KOther/Remarks Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications N/K Tenant Pays ElectricityGas/Propane Terms Seller May Carry Unit Number For Unit1 1033 Unit Number For Unit2 1033 Unit Number For Unit3 1035 Unit Number4 1039 Unit1 Deposit 4280 Unit1 Occupied Tenant Unit1 Projected Rent 2500.0 Unit1 Rent Actual 2390.0 Unit2 Deposit 2680 Unit2 Occupied Tenant Unit2 Projected Rent 2100.0 Unit2 Rent Actual 1860.0 Unit3 Deposit 3800 Unit3 Occupied Tenant Unit3 Projected Rent 2100 Unit3 Rent Actual 1900.0 Unit4 Deposit 3320 Unit4 Occupied Tenant Unit4 Projected Rent 2300 Unit4 Rent Actual 1900.0 Water Meter on Property Water District HELIX WATER DISTRICT Zoning R-4

San Diego MLS logo Listing provided courtesy of Paul Yancey of Point Properties: 619-665-1745. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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