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    1121 E Washington Ave

    El Cajon, CA 92020
    • $6,750,000
    • STATUS: ACTIVE
    • ON SITE: 135 Days
    • ID#: 210016427
    UPDATED: 67 min ago
    $6,750,000
    • 3
      BEDS
    • N/A
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    * Great upside strong rental market with higher new re-rent. The last two bedroom remodeled unit rented for $1,900. * Pride of ownership. * No deferred management * Great upside in income. * Real winner with 20 two bedroom one bath and 4 bedroom one bath units. * This property is located on quite part of El Cajon nestled among the single family dwellings. * Neutral color exterior with sparkling pool and BBQ makes it inviting to anyone. * All exterior lights are LED and draught resistant landscaping saves a bundle. * Remodeled units with new cabinets granite counters, vinyl planks, retrofit windows and vinyl exterior doors.

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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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/118227959
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    1121 E Washington Ave El Cajon, CA 92020

    • Price: $6,750,000
    • Status: ACTIVE
    • Updated: 67 min ago
    • ID#: 210016427
    3
    Beds
    2
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    El Cajon (92020)
    County:
    San Diego
    Area:
    El Cajon (92020)
    Property Description
    * Great upside strong rental market with higher new re-rent. The last two bedroom remodeled unit rented for $1,900. * Pride of ownership. * No deferred management * Great upside in income. * Real winner with 20 two bedroom one bath and 4 bedroom one bath units. * This property is located on quite part of El Cajon nestled among the single family dwellings. * Neutral color exterior with sparkling pool and BBQ makes it inviting to anyone. * All exterior lights are LED and draught resistant landscaping saves a bundle. * Remodeled units with new cabinets granite counters, vinyl planks, retrofit windows and vinyl exterior doors.
    Exterior Features

    Construction Stucco Exterior All Auto SprinklersCable AvailableCommunity FacilitiesFully LandscapedMetal Fence Parking Spaces Roof Rock/Gravel

    Interior Features

    Cooling Wall/Window Floor Coverings TileWall To Wall CarpetOther/Remarks Floors Slab Heating Wall Laundry Owned Sq Ft Of Improvement 19800 Stories 2 Story Unit Furnished1 No Unit Furnished2 No

    Property Features

    Actual Cap Rate 4.95 Actual Gross Operating Income 457205 Actual Gross Scheduled Income 462840.0 Actual Operating Expense 122483 Actual Vacancy And Credit Loss 13885 Assumable Finance 3000000 Complex Features Bbq Existing Financing Arm Financial Information Source Limited Info Fiscal Year From 21 Fiscal Year To 21 Gross Equity 3750000 Gross Multiplier 14.3 Have 24 Beautiful Unit Mandatory Remarks None Known Market Area East County Monthly Rent Total 461640 Motive Want Sell Other Income Actual 8250 Other Income Amount 8250 Other Income Source Misc Short Sale No Special Rent Control Terms Assumable 1StCashCash To Existing LoanCash To New Loan Unit Number1 4 Unit Number2 20 Unit Rent Total1 5095 Unit Rent Total2 33375

    Listing provided courtesy of Tayyar C. Egilmez. Listing information © 2021 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 © 2021 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