1069 Naranca Avenue

    El Cajon, CA 92021
    • $1,949,000
    • STATUS: Active
    • ON SITE: 22 days
    • ID#: 200011283
    UPDATED: 55 min ago
    $1,949,000
    • 0
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    The OLIVE Apartment Homes is a fantastic opportunity to own an absolute turn-key multifamily asset with a strong in-place cap rate with additional upside in rental income. The unit mix consists of six (6) large 2 bedroom / 2 bathroom units (1,050sf each) with in-unit washer/dryer, air-conditioning and private yards on the downstairs units. This 6-unit complex is located in the highly desirable east San Diego county market of El Cajon and has been completely remodeled with quality finishes. El Cajon has experienced more rent growth than almost any other community in San Diego County over the last few years. This is an ideal opportunity for an investor seeking a fully remodeled property with stable, in-place rental income located in one of San Diego County+GGs most desirable rental markets.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T16:27:11.317. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.

    www.sdluxe.com/homes/103909756

    1069 Naranca Avenue El Cajon, CA 92021

    • Price: $1,949,000
    • Status: Active
    • Updated: 55 min ago
    • ID#: 200011283
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    County:
    San Diego
    Property Description
    The OLIVE Apartment Homes is a fantastic opportunity to own an absolute turn-key multifamily asset with a strong in-place cap rate with additional upside in rental income. The unit mix consists of six (6) large 2 bedroom / 2 bathroom units (1,050sf each) with in-unit washer/dryer, air-conditioning and private yards on the downstairs units. This 6-unit complex is located in the highly desirable east San Diego county market of El Cajon and has been completely remodeled with quality finishes. El Cajon has experienced more rent growth than almost any other community in San Diego County over the last few years. This is an ideal opportunity for an investor seeking a fully remodeled property with stable, in-place rental income located in one of San Diego County+GGs most desirable rental markets.
    Exterior Features

    Lot Size Units Square Feet

    Property Features

    Cap Rate 4.62 Country Us Gross Scheduled Income 138240.00 Insurance Expense 4500.00 Maintenance Expense 1500.00 Net Operating Income 90115.00 Operating Expense 43978.00 Other Income1 1200.00 Property Sub Type Commercial/Residential Supplies Expense 1500.00 Total Expenses 43978.00 Total Monthly Rent 137040 Water Sewer Expense 6000.00

    Listing provided courtesy of James Carter of Apartment Realty Group (Arg)


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T16:27:11.317. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.

     
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    La Jolla CA, 92037