510-514 Emerald Ave

    El Cajon, CA 92020
    • $839,000
    • STATUS: ACTIVE
    • ON SITE: 14 days
    • ID#: 190060155
    UPDATED: 52 min ago
    $839,000
    • 8
      BEDS
    • N/A
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 2,900
      SQFT
    • $289
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    Opportunity Zone- 3 add value units with good cash flow on a Large 63 ' X 279' lot zoned RM -2200. (Potential for 8 Units) Existing improvements are : 4 bedroom 2 bath (includes 1 non permitted bath and 1 non permitted bedroom) & two- 2 bedroom 1 bath units. The 4 bedroom has a large garage (no longer accessible for parking but is used as a laundry room) Two bedroom units have a 1 car garage. All units have laundry and there is plenty of parking.

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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/100593613

    510-514 Emerald Ave El Cajon, CA 92020

    • Price: $839,000
    • Status: ACTIVE
    • Updated: 52 min ago
    • ID#: 190060155
    8
    Beds
    4
    Baths
    0
    ½ Baths
    N/A
    Acres
    2,900
    SQFT
    $289
    $/SQFT
    1959
    Built
    Neighborhood:
    El Cajon
    County:
    San Diego
    Area:
    El Cajon (92020)
    Property Description
    Opportunity Zone- 3 add value units with good cash flow on a Large 63 ' X 279' lot zoned RM -2200. (Potential for 8 Units) Existing improvements are : 4 bedroom 2 bath (includes 1 non permitted bath and 1 non permitted bedroom) & two- 2 bedroom 1 bath units. The 4 bedroom has a large garage (no longer accessible for parking but is used as a laundry room) Two bedroom units have a 1 car garage. All units have laundry and there is plenty of parking.
    Exterior Features

    Exterior Other/Remarks Fencing Partial Parking Garage Spaces Unit1 0 Parking Garage Spaces Unit2 1 Parking Garage Spaces Unit3 1 Roof Composition Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Units With Garages 2 Units With Patios 3

    Interior Features

    Cooling Wall/Window Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Stories 1 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 3 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 3

    Property Features

    Actual Cap Rate 4.62 Age Restrictions N/K Annual Expense Actual 19413 Association ID San Diego Association Of Realtors (Sdar) Buildings 3 Cfd Mello Roos Fee 0 Community El Cajon Complex Features Other/Remarks Complex Park Emerald Tri Cross Streets Chamberlain Ave Gross Rent Multiplier Actual 14.12 Gross Scheduled Income Actual 59400 Mandatory Remarks None Known Market Area East County Monthly Total Fees 0 Other Fees 0 Other Income Actual 0 Pets Yes Projected Cap Rate 5.61 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays Cable TvElectricityGas/Propane Terms Cal VetCashConventionalExchangeFhaVa Unit Number For Unit1 510 Unit Number For Unit2 512 Unit Number For Unit3 514 Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Projected Rent 2450 Unit1 Rent Actual 2200 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Projected Rent 1600 Unit2 Rent Actual 1350 Unit3 Deposit 0 Unit3 Occupied Tenant Unit3 Projected Rent 1600 Unit3 Rent Actual 1400 Water District Bailey Mutual

    Listing provided courtesy of Apartment Advisors Inc.. 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