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1322 N 1st Street El Cajon, CA 92021
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Key Details
Sold Price $4,100,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision El Cajon
MLS Listing ID PW21227369
Sold Date 11/22/21
Bedrooms 5
HOA Y/N No
Lot Size 0.457 Acres
Property Description
1322 North 1st Street is a turnkey 13-unit apartment building in El Cajon, California. The asset is an attractively renovated 1987 construction with a coveted mix of 11 two-bed/one-and-one-half-bath and two three-bed/two-bath units. All units boast desirable townhome-style floor plans, in-unit laundry, central air and heating, and private patios. The property also features gated access, 21 surface parking spaces, and a shared back patio for tenants enjoyment. The property is well-located proximate to the 8 and 67 freeways, a short five-minute drive to the Parkway Plaza shopping mall, and a nine-minute drive from the site of a future Amazon warehouse that is anticipated to bring a significant 300+ jobs to the area. 1322 North 1st Street has solid rents in place and offers a new investor seven percent potential upside. Furthermore, a RUBS program is in place to recoup utility costs, minimize owner expenses, and maximize the potential return on this excellent investment property in a growing market.
1322 North 1st Street is a turnkey 13-unit apartment building in El Cajon, California. The asset is an attractively renovated 1987 construction with a coveted mix of 11 two-bed/one-and-one-half-bath and two three-bed/two-bath units. All units boast desirable townhome-style floor plans, in-unit laundry, central air and heating, and private patios. The property also features gated access, 21 surface parking spaces, and a shared back patio for tenants enjoyment. The property is well-located proximate to the 8 and 67 freeways, a short five-minute drive to the Parkway Plaza shopping mall, and a nine-minute drive from the site of a future Amazon warehouse that is anticipated to bring a significant 300+ jobs to the area. 1322 North 1st Street has solid rents in place and offers a new investor seven percent potential upside. Furthermore, a RUBS program is in place to recoup utility costs, minimize owner expenses, and maximize the potential return on this excellent investment property in a growing market.
Location
State CA
County San Diego
Community El Cajon
Area El Cajon (92021)
Zoning Assessor
Building
Story 2
Level or Stories 2 Story
Others
Acceptable Financing Cash
Space Rent $1,741
Listing Terms Cash
Financing Cash
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Bought with General NONMEMBER • NONMEMBER MRML