1121 East Washington Ave

    El Cajon, CA 92019
    • $5,985,000
    • STATUS: ACTIVE
    • ON SITE: 166 days
    • ID#: 190018485
    Price Reduced
    UPDATED: 129 min ago
    $5,985,000
    • 3
      BEDS
    • 0.66
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Villas of Washington Apartments is truly a pride of ownership building with 20 two bedroom/ one bath and four one bedroom/one bath units. The many of the unit have upgrades. The building has been painted and the pool has been plaster in the last couple of years. The rents have lot of upside. The property is near all and with schools nearby. The landscaping is drought resistant. The property lightning are energy efficient. Its an excellent choice for 10-31 investors who is looking for great value with a upside.

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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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/93438056

    1121 East Washington Ave El Cajon, CA 92019

    • Price: $5,985,000
    • Status: ACTIVE
    • Updated: 129 min ago
    • ID#: 190018485
    3
    Beds
    2
    Baths
    0
    ½ Baths
    0.66
    Acres
    Neighborhood:
    El Cajon (92019)
    County:
    San Diego
    Area:
    El Cajon (92019)
    Property Description
    Villas of Washington Apartments is truly a pride of ownership building with 20 two bedroom/ one bath and four one bedroom/one bath units. The many of the unit have upgrades. The building has been painted and the pool has been plaster in the last couple of years. The rents have lot of upside. The property is near all and with schools nearby. The landscaping is drought resistant. The property lightning are energy efficient. Its an excellent choice for 10-31 investors who is looking for great value with a upside.
    Exterior Features

    Carports 0 Construction DrywallFrameStucco Exterior Fully LandscapedWood Fence Parking Spaces Roof Rock/GravelTar & Gravel Units With Garages 0

    Interior Features

    Cooling Wall/Window Floor Coverings TileVinylWall To Wall Carpet Floors Slab Heating Wall Laundry Owned Sq Ft Of Improvement 19615 Stories 2 Story Unit Furnished1 0 Unit Furnished2 0 Units With Disposals 24 Units With Drapes 24 Units With Ranges 24 Units With Refrigerators 24

    Property Features

    Actual Cap Rate 4.79 Actual Cash Flow 114677 Actual Gross Operating Income 438039 Actual Gross Scheduled Income 451571 Actual Operating Expense 151034 Actual Total Pi Pay 175836 Actual Vacancy And Credit Loss 13482 Assumable Finance 2926954 Buildings 3 Complex Features BbqSauna Existing Financing Conventional Financial Information Source Owner Fiscal Year From 18 Fiscal Year To 18 Gross Equity 3068000 Gross Multiplier 13.34 Have 24 Excellent Units Leased Apartments 24 Mandatory Remarks None Known Market Area East County Monthly Rent Total 37450 Motive Want Sell Other Income Actual 2171 Other Income Amount 2171 Present Loan 2926954 Projected Cap Rate 5.65 Projected Gross Multiplier 11.93 Projected Gross Operating Inc 489604 Projected Gross Scheduled Inc 504960 Projected Net Income 338570 Projected Operating Expense 151034 Projected Other Income 2400 Projected Vacancy And Credit Loss 15076 Short Sale No Special Sellers Are Re Licensees Sq Ft Source Tax Record Terms Cash Unit Number1 4 Unit Number2 20 Unit Rent Total1 4435 Unit Rent Total2 29510 Unit Rent1 1050-1200 Unit Rent2 1395-1645 Unit Type Apartment Zoning Commercial

    Listing provided courtesy of Tayyar C. Egilmez. Listing information © 2019 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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
     
    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101