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1207-9 Lyons Lane

El Cajon, CA 92021
  • $890,000
  • STATUS: ACTIVE
  • ON SITE: 23 Days
  • ID#: 240012167
$890,000
  • 5
    BEDS
  • 0.39
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,150
    SQFT
  • $414
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Description

Renovated single-level duplex in El Cajon with $5,350 in monthly rental income. Room for 10+ cars on-site. Lots of potential in this property. All structures are located on one half of the property's .39 acre lot, leaving lots of room for an ADU or a possible lot split. Zoning is 15 units per acre, so it could also be a candidate for re-development. Buyer to conduct their own investigation. For planning and development, the property is part of Unincorporated San Diego County and not the City of El Cajon. Photos were taken prior to the most recent move-ins. Please do not disturb tenants. Seller is a California Real Estate licensee and the listing agent on this transaction.

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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/151122065
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1207-9 Lyons Lane El Cajon, CA 92021

  • Price: $890,000
  • Status: ACTIVE
  • On Site: 23 Days
  • ID#: 240012167
5
Beds
3
Baths
0
½ Baths
0.39
Acres
2,150
SQFT
$414
$/SQFT
1959
Built
Neighborhood:
Rancho El Cajon
County:
San Diego
Area:
El Cajon (92021)
Property Description
Renovated single-level duplex in El Cajon with $5,350 in monthly rental income. Room for 10+ cars on-site. Lots of potential in this property. All structures are located on one half of the property's .39 acre lot, leaving lots of room for an ADU or a possible lot split. Zoning is 15 units per acre, so it could also be a candidate for re-development. Buyer to conduct their own investigation. For planning and development, the property is part of Unincorporated San Diego County and not the City of El Cajon. Photos were taken prior to the most recent move-ins. Please do not disturb tenants. Seller is a California Real Estate licensee and the listing agent on this transaction.
Exterior Features

Exterior Stucco Fencing Partial Frontage Dimensions In Feet 114 Irrigation N/K Lot Dimensions Approx 114' X 147' Parking Garage Spaces Unit1 0 Parking Garage Spaces Unit2 1 Roof Rolled/Hot Mop Site Private Street Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 1 Units With Patios 2 View Mountains/Hills

Interior Features

Cooling Wall/Window Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Heat Equipment Wall/Gravity Heat Source Natural Gas Stories 1 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 1 Units With Fireplaces 0 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 1 Water Heater Type Gas

Property Features

Actual Cap Rate 5.3 Age Restrictions N/K Annual Expense Actual 16125 Annual Expense Projected 17125 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community EL CAJON Complex Park NA Cross Streets Greenfield Drive Gross Rent Multiplier Actual 13.9 Gross Rent Multiplier Project 11.2 Gross Scheduled Income Actual 64200 Gross Scheduled Income Project 79200 Home Owners Assoc Fee Includes SewerTrash PickupWater Mandatory Remarks None Known Market Area East County Monthly Total Fees 0 Net Operating Income Projected 60491 Other Fees 0.0 Other Income Actual 0 Pets Yes Projected Cap Rate 6.8 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Tenant Pays Other/Remarks Terms ConventionalExchange Unit Number For Unit1 1207 Unit Number For Unit2 1209 Unit1 Deposit 3200 Unit1 Occupied Tenant Unit1 Projected Rent 3600.0 Unit1 Rent Actual 3200.0 Unit2 Deposit 2000 Unit2 Occupied Tenant Unit2 Projected Rent 2500.0 Unit2 Rent Actual 2150.0 Water Meter on Property Water District HELIX WATER DISTRICT Zoning VR-15

San Diego MLS logo Listing provided courtesy of Daniel Melroy of Melroy Investments Inc: 858-414-1853. 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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