Pending
5

1322 N 1ST ST El Cajon, CA 92021

$4,100,000

Bedrooms

Total Baths

Full Baths

12,968

Square Feet

0.46

Acres

1987

Year Built

14 days

On Website

Active Under Contract

Status

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.

I'm Interested

Schedule a showing
In Person Virtual

Details


Interior
Living Area
12,968 SqFt.

Building And Construction
Number Of Units Total
13
Property Sub Type
Multi Family
Property Type
Residential Income
Year Built
1987

Exterior And Lot
Lot Size Acres
0.457
Lot Size Square Feet
19908
Lot Size Units
Square Feet
Parking Total
21
Zoning
C

Area And Schools
City
El Cajon
County Or Parish
San Diego
Subdivision Name
El Cajon

Financial Info
Buyer Agency Compensation
2%

Listing By Steven M. Bogoyevac, Broker – Steven Bogoyevac

MLS# PW21227369

Data Last Updated

California Regional MLS

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright© 2021 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright© 2021 California Regional Multiple Listing Service, Inc. All rights reserved.

Your browser is out of date or unsupported. Some features of this website may not work until you update to a supported browser. More Info

Your browser is not currently supported. We recommend viewing REMAX.com and it's affiliated sites on one of the following browsers: