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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

$ 10,440,000

Est. payment -/mo

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Pending

480 Jamacha Rd El Cajon, CA 92019

UPDATED:

09/30/2024 05:55 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 240014930SD

HOA Y/N No

Property Description

A welcome addition to your multi family portfolio! 5% Cap rate on ACTUALS with significant rental upside! Enjoy a steadily increasing cash flow stream by initiating the allowable rent increases annually and/or reaching market rent upon turnovers, or complete a substantial renovation to accomplish leading market rents sooner! The Woods is a 32 unit apartment community featuring a desirable unit mix of 100% 2BR/2BA units featuring large 913 sqft layouts, each with a walk-in closet and individual water heater. Units have TWO balconies or patios, and the property's amenities include 29 carports and 23 parking spaces, a sparkling pool, laundry facility, and landscaped grounds located on a sprawling 1.32 acre lot for residents to enjoy. Built in 1977, the community is well located in the sought after neighborhood of Granite Hills in El Cajon, which offers easy access to the 8 and 94 freeways and is contiguous to masterplan Rancho San Diego.

Location

State CA

County San Diego

Area 92019 - El Cajon

Interior

Fireplace No

Others

Tax ID 5112607000

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Listed by Christina Labowicz • Apartment Consultants Incorporated

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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Rick Lee

Rick Lee

480 Jamacha Rd El Cajon, CA 92019

Key Details

Location

Interior

Others

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480 Jamacha Rd