Available For Sale - Multifamily

5,148 SF | Show Pricing $

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