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    449 El Cajon Blvd

    El Cajon, CA 92020
    • $1,649,000
    • STATUS: PENDING
    • ON SITE: 57 days
    • ID#: 200041844
    Pending
    UPDATED: 41 min ago
    $1,649,000
    • 3
      BEDS
    • N/A
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Eleven super affordable units that are always in high demand and have a long term track record of attracting good tenants. Easy to manage and consistently low expenses. Tenants can walk to the El Cajon Transit Center or downtown or Renette Park and Rec center. Still some easy to achieve upside by renovating kitchens and baths and increasing the rents while still maintaining affordability.

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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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/109485170
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    449 El Cajon Blvd El Cajon, CA 92020

    • Price: $1,649,000
    • Status: PENDING
    • Updated: 41 min ago
    • ID#: 200041844
    3
    Beds
    3
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    El Cajon (92020)
    County:
    San Diego
    Area:
    El Cajon (92020)
    Property Description
    Eleven super affordable units that are always in high demand and have a long term track record of attracting good tenants. Easy to manage and consistently low expenses. Tenants can walk to the El Cajon Transit Center or downtown or Renette Park and Rec center. Still some easy to achieve upside by renovating kitchens and baths and increasing the rents while still maintaining affordability.
    Interior Features

    Sq Ft Of Improvement 4000 Unit Furnished1 1 Unit Furnished2 1 Unit Furnished3 1

    Property Features

    Actual Gross Operating Income 131800 Actual Gross Scheduled Income 135180.0 Actual Operating Expense 46547 Actual Vacancy And Credit Loss 3380 Assumable Finance 0 Complex Features None Gross Equity 1649000 Gross Multiplier 11.75 Have Bread And Butter Units Mandatory Remarks None Known Market Area East County Monthly Rent Total 11265 Motive Want Sell Out Unit Number1 1 Unit Number2 9 Unit Number3 1 Unit Rent Total1 1225 Unit Rent Total2 9165 Unit Rent Total3 875 Unit Rent1 1225 Unit Rent2 1030 Unit Rent3 875

    Listing provided courtesy of Cal-Prop Realty, Inc.. Listing information © 2020 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 © 2020 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