480 Jamacha Rd , El Cajon, CA 92019
El Cajon, CA 92019
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.
Details
| MLS# | 240014930SD |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 83 |
| Listing Provided By | Apartment Consultants Incorporated 619-299-3000 | Christina Labowicz |
Features
| Units | 32 |
|---|---|
| Building(s) | 4 |
Market Activity 92019
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Learn More About This Property
| State | CA |
|---|---|
| County | San Diego |
| City | El Cajon |
| Zip Code | 92019 |
| Area | 92019 El Cajon |
| Listing VS Median (in 92019) | |
Price: $10,440,000 low | high Med: $799,000 On Site: 83 low | high Med: 51.000000 | |