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449 El Cajon Blvd

El Cajon, CA 92020
  • $1,980,000
  • STATUS: ACTIVE
  • ON SITE: 71 Days
  • ID#: 220024567
Price Reduced
UPDATED: 15 min ago
$1,980,000
  • 3
    BEDS
  • 0.17
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Market 7.4% CAP RATE & 2.83% ASSUMABLE FINANCING. 449 El Cajon Boulevard is an 11-unit apartment complex. The two single-story structures comprising a total of 4,562 square feet were built in 1944 and are situated on a 7,405 square foot lot. The unit mix consists of one 2Bed/1Bath unit, nine 1Bed/1Bath units, and one studio. The secure complex features gated a gated central walkway and common laundry facilities.

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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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/133429381
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449 El Cajon Blvd El Cajon, CA 92020

  • Price: $1,980,000
  • Status: ACTIVE
  • On Site: 71 Days
  • Updated: 15 min ago
  • ID#: 220024567
3
Beds
3
Baths
0
½ Baths
0.17
Acres
Neighborhood:
El Cajon (92020)
County:
San Diego
Area:
El Cajon (92020)
Property Description
Market 7.4% CAP RATE & 2.83% ASSUMABLE FINANCING. 449 El Cajon Boulevard is an 11-unit apartment complex. The two single-story structures comprising a total of 4,562 square feet were built in 1944 and are situated on a 7,405 square foot lot. The unit mix consists of one 2Bed/1Bath unit, nine 1Bed/1Bath units, and one studio. The secure complex features gated a gated central walkway and common laundry facilities.
Exterior Features

Parking Spaces Total 0

Interior Features

Sq Ft Of Improvement 4562 Units With Refrigerators 11

Property Features

Actual Cap Rate 5.09 Actual Gross Operating Income 153124 Actual Gross Scheduled Income 157860.0 Actual Operating Expense 52301 Actual Vacancy And Credit Loss 4736 Assumable Finance 1200000 Buildings 3 Gross Equity 780000 Gross Multiplier 12.5 Have Units Leased Apartments 11 Mandatory Remarks None Known Market Area East County Monthly Rent Total 13155 Motive Want Sell Present Loan 1200000 Projected Cap Rate 7.64 Projected Gross Multiplier 9.4 Projected Gross Operating Inc 203642 Projected Gross Scheduled Inc 209940 Projected Net Income 151341 Projected Operating Expense 52301 Projected Vacancy And Credit Loss 6298 Short Sale No Tenant Pays Water N Unit Number1 1 Unit Number2 9 Unit Number3 1 Unit Rent Total1 1250 Unit Rent Total2 10773 Unit Rent1 1250 Unit Rent2 1197 Unit Rent3 1080

San Diego MLS logo Listing provided courtesy of Northmarq Multifamily: [IDXCONTACTINFORMATION]. Listing information © 2022 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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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The Neuman Team Real Estate Inc.
516 5th Avenue
San Diego CA, 92101