$1,600,000
$1,775,000
9.9%For more information regarding the value of a property, please contact us for a free consultation.
786 S Orange Ave El Cajon, CA 92020
2 Beds
1 Bath
5,184 SqFt
Key Details
Sold Price $1,600,000
Property Type Single Family Home, Condo
Sub Type Com-Res Income
Listing Status Sold
Purchase Type For Sale
Square Footage 5,184 sqft
Price per Sqft $308
MLS Listing ID 220025677
Bedrooms 2
Property Sub-Type Com-Res Income
Property 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 washerand 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).
Location
State CA
County San Diego
Area East County
Zoning RM-2500
Interior
Heating Radiant
Cooling Wall/Window
Flooring Slab
Laundry Leased
Exterior
Parking Features Spaces
View Y/N No
Roof Type Composition
Building
Story 2
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Bought with Melvina Selfani Century 21 Award