514 N 1St

    El Cajon, CA 92021
    • $1,100,000
    • STATUS: ACTIVE
    • ON SITE: 164 days
    • ID#: 180006549
    $1,100,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1977
    County:

    School Ratings & Info

    Description

    Excellent Income Opportunity! Four Rental Units....Two - 3 Bedroom & 2 Bathroom spacious townhouses with balconies and large backyards. And Two - 1 Bedroom & 1 Bathroom units with patio and backyards. Walking distance to shopping, schools and parks. Owner also has approved plans with the city of El Cajon to tear down both 1 bedroom units and build two new 3 Bedroom & 2 Bathroom units with four carports. This would dramatically increase the rents collected on the front units if the new buyer builds it.....

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    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 Sandicor®. 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 © 2018 Sandicor®, Inc.
    www.amazingtemeculahomes.com/homes/80575443

    514 N 1St El Cajon, CA 92021

    • Price: $1,100,000
    • Status: ACTIVE
    • ID#: 180006549
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    1977
    Built
    Neighborhood:
    El Cajon
    County:
    San Diego
    Area:
    El Cajon (92021)
    Property Description
    Excellent Income Opportunity! Four Rental Units....Two - 3 Bedroom & 2 Bathroom spacious townhouses with balconies and large backyards. And Two - 1 Bedroom & 1 Bathroom units with patio and backyards. Walking distance to shopping, schools and parks. Owner also has approved plans with the city of El Cajon to tear down both 1 bedroom units and build two new 3 Bedroom & 2 Bathroom units with four carports. This would dramatically increase the rents collected on the front units if the new buyer builds it.....
    Exterior Features

    Exterior Wood/Stucco Fencing Partial Parking Garage Spaces Unit1 0 Parking Garage Spaces Unit2 0 Parking Garage Spaces Unit3 0 Parking Garage Spaces Unit4 0 Roof CompositionTile/Clay Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Unit4 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 2

    Interior Features

    Bedrooms Unit1 3 Bedrooms Unit2 3 Bedrooms Unit3 1 Bedrooms Unit4 1 Cooling Attic FanWall/Window Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Full Baths Unit4 1 Furnished Units 0 Half Baths Unit1 1 Half Baths Unit2 1 Half Baths Unit3 0 Half Baths Unit4 0 Stories Other/Remarks Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Estimated Sq Ft 1450 Unit1 Laundry Hook Ups Common Unit2 Estimated Sq Ft 1450 Unit2 Laundry Hook Ups Common Unit3 Estimated Sq Ft 900 Unit3 Laundry Hook Ups Common Unit4 Estimated Sq Ft 900 Unit4 Laundry Hook Ups Common Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 2 Units With Range Oven 4 Units With Refrigerators 0 Units With Washers 0

    Property Features

    Actual Cap Rate 4.8 Age Restrictions N/K Annual Expense Actual 17160 Annual Expense Projected 17160 Association ID Pacific Southwest Association Of Realtors (Psar) Buildings 2 Cfd Mello Roos Fee 0 Community El Cajon Complex Park Na Cross Streets E. Madison Ave Gross Rent Multiplier Actual 0 Gross Scheduled Income Actual 69600 Gross Scheduled Income Project 75600 Mandatory Remarks None Known Market Area East County Monthly Total Fees 0 Net Operating Income Projected 58440 Other Fees 0 Other Income Actual 600 Pets Yes Projected Cap Rate 5.3 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays Cable TvElectricityGas/Propane Terms CashConventionalFha Unit Number For Unit1 514 Unit Number For Unit2 516 Unit Number For Unit3 518 Unit Number4 520 Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Projected Rent 1900 Unit1 Rent Actual 1650 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Projected Rent 1900 Unit2 Rent Actual 1700 Unit3 Deposit 0 Unit3 Occupied Tenant Unit3 Projected Rent 1250 Unit3 Rent Actual 1200 Unit4 Deposit 0 Unit4 Occupied Tenant Unit4 Projected Rent 1250 Unit4 Rent Actual 1200 Water N/K Zoning R-3:Restri

    Listing provided courtesy of The Real Estate Agency. Listing information © 2018 SANDICOR, Inc.



    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 Sandicor®. 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 © 2018 Sandicor®, Inc.
     
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