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594 Graves Ave

El Cajon, CA 92020
  • $3,200,000
  • STATUS: ACTIVE
  • ON SITE: 20 Days
  • ID#: 240022450
UPDATED: 44 min ago
$3,200,000
  • 20
    BEDS
  • 0.46
    ACRES
  • 10
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

This 10-unit building is located in the heart of El Cajon on a nearly 20K sq ft lot. All of the units feature 2 bedrooms and 1 bathroom. Eight of the ten units have been renovated, the exterior has been painted, and the roof has been replaced. In addition to the units, you have incoming-producing laundry and four storage units. With some room to raise rents, this property can be your cash cow with a 7.5%+ cap rate.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.gellens.com/homes/155543729
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594 Graves Ave El Cajon, CA 92020

  • Price: $3,200,000
  • Status: ACTIVE
  • On Site: 20 Days
  • Updated: 44 min ago
  • ID#: 240022450
20
Beds
10
Baths
0
½ Baths
0.46
Acres
Neighborhood:
El Cajon (92020)
County:
San Diego
Area:
El Cajon (92020)
Property Description
This 10-unit building is located in the heart of El Cajon on a nearly 20K sq ft lot. All of the units feature 2 bedrooms and 1 bathroom. Eight of the ten units have been renovated, the exterior has been painted, and the roof has been replaced. In addition to the units, you have incoming-producing laundry and four storage units. With some room to raise rents, this property can be your cash cow with a 7.5%+ cap rate.
Exterior Features

Carports 0 Construction Stucco Units With Garages 0

Interior Features

Cooling Wall/Window Sq Ft Of Improvement 8432 Stories 2 Story Unit Furnished1 No Unit Furnished10 No Unit Furnished2 No Unit Furnished3 No Unit Furnished4 No Unit Furnished5 No Unit Furnished6 No Unit Furnished7 No Unit Furnished8 No Unit Furnished9 No

Property Features

Actual Cap Rate 5.3 Actual Gross Scheduled Income 218928.0 Actual Operating Expense 49178 Assumable Finance 0 Buildings 1 Gross Equity 0 Gross Multiplier 14.62 Have 10 Apartment Units Leased Apartments 10 Mandatory Remarks None Known Market Area East County Monthly Rent Total 18118 Motive Want N/A Other Income Amount 126 Other Income Source Lndy/Strg Projected Cap Rate 7.82 Projected Gross Multiplier 9.59 Projected Gross Scheduled Inc 331200 Projected Net Income 250200 Projected Operating Expense 83400 Projected Other Income 2400 Sq Ft Source Tax Record Terms CashCash to New Loan Unit Number1 1 Unit Number10 1 Unit Number2 1 Unit Number3 1 Unit Number4 1 Unit Number5 1 Unit Number6 1 Unit Number7 1 Unit Number8 1 Unit Number9 1 Unit Rent Total1 1644 Unit Rent Total10 1925 Unit Rent Total2 2000 Unit Rent Total3 1925 Unit Rent Total4 1530 Unit Rent Total5 1553 Unit Rent Total6 1925 Unit Rent Total7 1738 Unit Rent Total8 2000 Unit Rent Total9 1878 Unit Rent1 1644 Unit Rent10 1925 Unit Rent2 2000 Unit Rent3 1925 Unit Rent4 1530 Unit Rent5 1553 Unit Rent6 1925 Unit Rent7 1738 Unit Rent8 2000 Unit Rent9 1878 Unit Type Apartment Zoning R-4:MULTIP

San Diego MLS logo Listing provided courtesy of Kyle Whissel of eXp Realty of California, Inc.: 619-618-7997. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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