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Listing Details

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School Ratings & Info

Description

MAJOR PRICE REDUCTION. OVER $100k BELOW APPRAISED VALUE! This is a very unique and interesting property with endless possibilities and opportunities. This is not your run of the mill investment property. There are 6 units of what was originally a motel and is now 6 small studios. And there is a 2 BR 1 BA SFR estimated to be 900 SF. Lastly, there are 3 large storage yards that have been rented and used for construction equipment and vehicle storage, etc. 2 of the units have garages plus a large flat fenced yard. The 3 unit does not have a garage but a very large fenced yard. 10 rentals in total. Property is zoned C-36. All of this on 1.95 acres of usable land! Gross Scheduled Income is $8,100. Mary Etta's café is across the street and the Blossom Flinn Station strip center is next door to the subject property. And Flynn Springs Regional park is located on the south side of the road, just west of the subject site.

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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/119181532
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14830 Highway 8 Business El Cajon, CA 92021

  • Price: $1,399,900
  • Status: ACTIVE
  • Updated: 95 min ago
  • ID#: 210019354
0
Beds
0
Baths
0
½ Baths
1.95
Acres
Neighborhood:
El Cajon (92021)
County:
San Diego
Area:
El Cajon (92021)
Property Description
MAJOR PRICE REDUCTION. OVER $100k BELOW APPRAISED VALUE! This is a very unique and interesting property with endless possibilities and opportunities. This is not your run of the mill investment property. There are 6 units of what was originally a motel and is now 6 small studios. And there is a 2 BR 1 BA SFR estimated to be 900 SF. Lastly, there are 3 large storage yards that have been rented and used for construction equipment and vehicle storage, etc. 2 of the units have garages plus a large flat fenced yard. The 3 unit does not have a garage but a very large fenced yard. 10 rentals in total. Property is zoned C-36. All of this on 1.95 acres of usable land! Gross Scheduled Income is $8,100. Mary Etta's café is across the street and the Blossom Flinn Station strip center is next door to the subject property. And Flynn Springs Regional park is located on the south side of the road, just west of the subject site.
Exterior Features

Construction FrameOther/Remarks Exterior Part FencedPart LandscapedRv ParkingRemarks Parking Spaces Roof Composition

Interior Features

Cooling NoneWall/Window Floor Coverings Vinyl Floors Slab Heating Other/Remarks Sq Ft Of Improvement 0 Stories 1 Story Units With Dishwashers 0 Units With Disposals 0

Property Features

Actual Gross Scheduled Income 8100.0 Actual Operating Expense Unk Assumable Finance 0 Existing Financing Clear Financial Information Source Other/Remarks Gross Equity 1800000 Gross Multiplier 21 Have Units Mandatory Remarks None Known Market Area East County Motive Want Sell Short Sale No Special Sellers Are Re Licensees Sq Ft Source Buyer To Verify Tenant Pays Electric N Tenant Pays Gas N Tenant Pays Water N Terms CashCash To New Loan Unit Type Other/Remarks Zoning C-36

Listing provided courtesy of Compass. 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