441-449 Claydelle Avenue

    El Cajon, CA 92020
    • $1,950,000
    • STATUS: PENDING
    • ON SITE: 23 days
    • ID#: 190052712
    Pending
    $1,950,000
    • 6
      BEDS
    • 0.36
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    We are proud to present the Claydelle Avenue Apartment Homes, a nine-unit apartment community located in a quiet residential neighborhood of El Cajon. Situated on two separate parcels (488-241-46-00/488-241-47-00) and built in two phases 1969 & 1960, the property features three 3 bedroom/ 1 bath units, three 2 bedroom/ 1 bath units and three 1 bedroom/ 1 bath units. The two parcels consist of 6,302 total rentable square feet on 15,628 square feet of land. Select units have recently been renovated and there is immediate upside in rents for most units. In addition, the parking lot was recently recemented. The property features individual patios, yards, one garage, individual water heaters and a common area courtyard.

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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/99272573

    441-449 Claydelle Avenue El Cajon, CA 92020

    • Price: $1,950,000
    • Status: PENDING
    • ID#: 190052712
    6
    Beds
    3
    Baths
    0
    ½ Baths
    0.36
    Acres
    Neighborhood:
    El Cajon (92020)
    County:
    San Diego
    Area:
    El Cajon (92020)
    Property Description
    We are proud to present the Claydelle Avenue Apartment Homes, a nine-unit apartment community located in a quiet residential neighborhood of El Cajon. Situated on two separate parcels (488-241-46-00/488-241-47-00) and built in two phases 1969 & 1960, the property features three 3 bedroom/ 1 bath units, three 2 bedroom/ 1 bath units and three 1 bedroom/ 1 bath units. The two parcels consist of 6,302 total rentable square feet on 15,628 square feet of land. Select units have recently been renovated and there is immediate upside in rents for most units. In addition, the parking lot was recently recemented. The property features individual patios, yards, one garage, individual water heaters and a common area courtyard.
    Exterior Features

    Parking Spaces Total 10 Units With Garages 1

    Interior Features

    Sq Ft Of Improvement 6302

    Property Features

    Actual Cap Rate 4.5 Actual Gross Scheduled Income 145500 Actual Operating Expense 53305 Actual Vacancy And Credit Loss 4365 Assumable Finance 0 Buildings 1 Complex Features Other/Remarks Gross Equity 0 Gross Multiplier 13.40 Have Nine Units Mandatory Remarks None Known Market Area East County Motive Want Sell Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Unit Number1 3 Unit Number2 3 Unit Number3 3 Unit Rent1 1617 Unit Rent2 1208 Unit Rent3 1217 Zoning R-3

    Listing provided courtesy of Acre Investment Real Estate. 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