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315 W Cypress Ave

El Cajon, CA 92020
  • $1,600,000
  • STATUS: ACTIVE
  • ON SITE: 9 Days
  • ID#: 240010267
UPDATED: 147 min ago
$1,600,000
  • 9
    BEDS
  • N/A
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 2,864
    SQFT
  • $559
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1951
County:

School Ratings & Info

Description

Completely renovated 4 unit. All electric wiring replaced and grounded. New 400 amp panel, each unit pays own electric. Washer/dryer in each unit. All units have been taken down to studs and completely rebuilt which will minimize repairs. New mini split units and new appliances . Easy walk to shopping and restaurants, makes renting easy. 4th unit is brand new garage conversion ADU, tastefully done with permits.

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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/150383334
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315 W Cypress Ave El Cajon, CA 92020

  • Price: $1,600,000
  • Status: ACTIVE
  • On Site: 9 Days
  • Updated: 147 min ago
  • ID#: 240010267
9
Beds
6
Baths
0
½ Baths
N/A
Acres
2,864
SQFT
$559
$/SQFT
1951
Built
Neighborhood:
El Cajon
County:
San Diego
Area:
El Cajon (92020)
Property Description
Completely renovated 4 unit. All electric wiring replaced and grounded. New 400 amp panel, each unit pays own electric. Washer/dryer in each unit. All units have been taken down to studs and completely rebuilt which will minimize repairs. New mini split units and new appliances . Easy walk to shopping and restaurants, makes renting easy. 4th unit is brand new garage conversion ADU, tastefully done with permits.
Exterior Features

Exterior StuccoWood/Stucco Fencing Full Irrigation N/K Roof Composition Site Corner Lot Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Unit4 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 0

Interior Features

Cooling Heat Pump(s) Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment Combination HeatingOther/Remarks Heat Source Electric Stories 1 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 2 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Unit4 Laundry Hook Ups Yes Units With Cooling 4 Units With Dishwashers 3 Units With Dryers 4 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 4 Water Heater Type ElectricGas

Property Features

Actual Cap Rate 5.3 Age Restrictions N/K Annual Expense Actual 13400 Annual Expense Projected 13400 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community EL CAJON Complex Park NA Cross Streets N. Sunshine Gross Rent Multiplier Actual 13.33 Gross Rent Multiplier Project 12.31 Gross Scheduled Income Actual 121000 Gross Scheduled Income Project 130000 Home Owners Assoc Fee Includes N/K Mandatory Remarks None Known Market Area East County Monthly Total Fees 0 Net Operating Income Projected 91000 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 5.6 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Tenant Pays ElectricityGas/Propane Terms CashConventional Unit Number For Unit1 315 Unit Number For Unit2 182 Unit Number For Unit3 184 Unit Number4 186 Unit1 Deposit 3300 Unit1 Occupied Tenant Unit1 Projected Rent 3500.0 Unit1 Rent Actual 3300.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Projected Rent 2500.0 Unit2 Rent Actual 2400.0 Unit3 Deposit 2100 Unit3 Occupied Tenant Unit3 Projected Rent 2400 Unit3 Rent Actual 2100.0 Unit4 Deposit 2300 Unit4 Occupied Tenant Unit4 Projected Rent 2400 Unit4 Rent Actual 2300.0 Water Meter on Property

San Diego MLS logo Listing provided courtesy of Dirk Cahaan of Eclipse Realty: 619-913-4852. 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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