AVAILABILITY DETAILS
- Size
- 5,148 SF
- Price/SF
-
Show Pricing $
- Listing ID
- SA508262
- Notes
- Highlights
Two of the six units renovated
Rental income upside over 20%
RUBS for Water
Desirable mix of 2-bedroom 1-bath units
Value add opportunity
2% vacancy rate for El Cajon
Description
786 S Orange Ave is a six unit apartment complex located in El Cajon, CA. All units are a desirable mix of two-bedroom one-bath apartment homes of approximately 775 square feet. The two-story apartment building was originally constructed in 1971. The complex offers off-street parking, on-site laundry, and fenced courtyard. Each unit is metered for Gas & Electric; the Tenants reimburse (RUBS) for water (billed by Landlord). The on-site laundry consists of one washer and one dryer; each machine is leased. Two of the six units have undergone interior renovations and have achieved rents over $2,000/mo. The remaining units are substantially below market giving an investor a true value add opportunity (20% rent increase on remaining units).
- Uses
- Multifamily
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.
Listing provided courtesy of
Jorge Jimenez, SVN