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    1070 S Sunshine Avenue

    El Cajon, CA 92020
    • $980,000
    • STATUS: ACTIVE
    • ON SITE: 22 days
    • ID#: 200046903
    $980,000
    • 8
      BEDS
    • 0.16
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 3,152
      SQFT
    • $311
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1978
    County:

    Description

    A rare opportunity to own a Value-Add Investment property in one of San Diego's most stable rental markets. Over the last three years the property has undergone significant exterior renovations providing a new owner a smooth transition and opportunity to upgrade the unit interiors and achieve a very attractive cash-on-cash return. All 2-Bedroom/1.25-Baths units provide new owners with a steady tenant base in a high demand rental market. Includes income-generating shared laundry room and large side yard.

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    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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/110530606
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    1070 S Sunshine Avenue El Cajon, CA 92020

    • Price: $980,000
    • Status: ACTIVE
    • ID#: 200046903
    8
    Beds
    4
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,152
    SQFT
    $311
    $/SQFT
    1978
    Built
    Neighborhood:
    El Cajon
    County:
    San Diego
    Area:
    El Cajon (92020)
    Elementary School:
    San Diego Unified School District
    Middle School:
    San Diego Unified School District
    High School:
    San Diego Unified School District
    Property Description
    A rare opportunity to own a Value-Add Investment property in one of San Diego's most stable rental markets. Over the last three years the property has undergone significant exterior renovations providing a new owner a smooth transition and opportunity to upgrade the unit interiors and achieve a very attractive cash-on-cash return. All 2-Bedroom/1.25-Baths units provide new owners with a steady tenant base in a high demand rental market. Includes income-generating shared laundry room and large side yard.
    Exterior Features

    Exterior Stucco Fencing Cross Fencing Parking For RV On-Site Parking Pool Heat Electric Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 0 Units With Patios 4

    Interior Features

    Cooling Wall/Window Furnished Units 0 Half Baths Unit1 1 Half Baths Unit2 1 Half Baths Unit3 1 Half Baths Unit4 1 Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 2 Total Baths Unit4 2 Unit1 Laundry Hook Ups Common Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Unit4 Laundry Hook Ups Common Units With Cooling 4 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 4 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 0

    Property Features

    Actual Cap Rate 4.43 Age Restrictions N/K Annual Expense Actual 20615 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community El Cajon Complex Park No Cross Streets W Chase; Renette Avenue Gross Rent Multiplier Actual 14.85 Gross Rent Multiplier Project 12.01 Gross Scheduled Income Actual 66000 Mandatory Remarks None Known Market Area East County Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 2400 Projected Cap Rate 5.97 Projected Other Income 2400.0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays N/K Terms CashConventionalVa Unit Number For Unit1 A Unit Number For Unit2 B Unit Number For Unit3 C Unit Number4 D Unit1 Deposit 1450 Unit1 Occupied Tenant Unit1 Projected Rent 1700.0 Unit1 Rent Actual 1450.0 Unit2 Deposit 1000 Unit2 Occupied Tenant Unit2 Projected Rent 1700.0 Unit2 Rent Actual 1350.0 Unit3 Deposit 1000 Unit3 Occupied Tenant Unit3 Projected Rent 1700 Unit3 Rent Actual 1350.0 Unit4 Deposit 1000 Unit4 Occupied Tenant Unit4 Projected Rent 1700 Unit4 Rent Actual 1350.0 Water District City Of San Diego

    Listing provided courtesy of Marcus & Millichap. Listing information © 2020 San Diego MLS Inc. Source: SDMLS
    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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
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    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101