609 S. Orange Ave

    El Cajon, CA 92020
    • $1,625,000
    • STATUS: ACTIVE
    • ON SITE: 507 days
    • ID#: 180028845
    UPDATED: 35 min ago
    $1,625,000
    • 5
      BEDS
    • N/A
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Excited to present this rare asset: 5 houses on 1 half acre (23,422 sqft) parcel!! This property's a real pride to own. (4) Houses are 2 bed 1 bath and (1) house is 1500sqft 3 bed 2 bath. All houses have washer/dryers, A/C and are individually metered for gas and electric, 3 houses are submetered for water. All have their own private yards. Rents currently are at apartment rates, they can be raised SIGNIFICANTLY to increase the cash flow even more. Check out virtual Tour Link

    Monthly Payment Calculator

    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/84081375

    609 S. Orange Ave El Cajon, CA 92020

    • Price: $1,625,000
    • Status: ACTIVE
    • Updated: 35 min ago
    • ID#: 180028845
    5
    Beds
    3
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    El Cajon (92020)
    County:
    San Diego
    Area:
    El Cajon (92020)
    Property Description
    Excited to present this rare asset: 5 houses on 1 half acre (23,422 sqft) parcel!! This property's a real pride to own. (4) Houses are 2 bed 1 bath and (1) house is 1500sqft 3 bed 2 bath. All houses have washer/dryers, A/C and are individually metered for gas and electric, 3 houses are submetered for water. All have their own private yards. Rents currently are at apartment rates, they can be raised SIGNIFICANTLY to increase the cash flow even more. Check out virtual Tour Link
    Exterior Features

    Parking Spaces Total 10 Units With Garages 1

    Interior Features

    Sq Ft Of Improvement 4887 Units With Dishwashers 5 Units With Ranges 5 Units With Refrigerators 5

    Property Features

    Actual Cap Rate 4.02 Actual Gross Scheduled Income 102000 Actual Operating Expense 33672 Assumable Finance 0 Buildings 5 Gross Equity 893750 Gross Multiplier 15.93 Have 5 Houses Mandatory Remarks None Known Market Area East County Monthly Rent Total 8500 Motive Want Cash Out Projected Cap Rate 4.61 Projected Gross Multiplier 14.45 Short Sale No Unit Number1 4 Unit Number2 1 Unit Rent Total1 6000 Unit Rent Total2 2500 Unit Rent1 1500 Unit Rent2 2500

    Listing provided courtesy of Apartment Consultants, 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