$ 10,440,000
480 Jamacha Rd El Cajon, CA 92019
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 10,440,000
Est. payment /mo
Pending
480 Jamacha Rd El Cajon, CA 92019
UPDATED:
09/23/2024 08:48 PM
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 240014930
Property 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.
Location
State CA
County San Diego
Area El Cajon (92019)
Exterior
Garage Carports, Spaces
Building
Story 2
Others
Acceptable Financing Cash, Cash to New Loan, Exchange Down, Exchange Up
Space Rent $972,252
Listing Terms Cash, Cash to New Loan, Exchange Down, Exchange Up
Special Listing Condition Call Agent
Listed by Christina M Labowicz • Apartment Consultants Incorporated
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