El Cajon, CA 92020,786 S Orange Ave
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El Cajon, CA 92020,786 S Orange Ave

$1,600,000

Est. payment /mo

$1,775,000

9.9%
Est.Price: ?

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786 S Orange Ave El Cajon, CA 92020

2 Beds

1 Bath

5,184 SqFt

SOLD DATE : 02/16/2023

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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MLS Router / San Diego MLS
Listed by Jorge Jimenez SVN / Vanguard
Bought with Melvina Selfani Century 21 Award
agent

Ken Schwartz

Broker Associate | License ID: 01854235

+1(858) 500-2195

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