1322 North 1st Street
1322 North 1st Street El Cajon, California 92021 United States

$4,100,000
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1322 North 1st Street is a turnkey 13-unit apartment building in El Cajon, California. The asset is an attractively renovated 1987 construction with a coveted mix of 11 two-bed/one-and-one-half-bath and two three-bed/two-bath units. All units...
$4,100,000
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.46 Acres
Exterior
Residential Income
Property type
1987
Year Built
PW21227369
Web Id
PW21227369
MLS ID
El Cajon
Subdivision
Grossmont Union High
School District
12
days ago

About 1322 North 1st Street

1322 North 1st Street is a turnkey 13-unit apartment building in El Cajon, California. The asset is an attractively renovated 1987 construction with a coveted mix of 11 two-bed/one-and-one-half-bath and two three-bed/two-bath units. All units boast desirable townhome-style floor plans, in-unit laundry, central air and heating, and private patios. The property also features gated access, 21 surface parking spaces, and a shared back patio for tenants enjoyment.The property is well-located proximate to the 8 and 67 freeways, a short five-minute drive to the Parkway Plaza shopping mall, and a nine-minute drive from the site of a future Amazon warehouse that is anticipated to bring a significant 300+ jobs to the area.1322 North 1st Street has solid rents in place and offers a new investor seven percent potential upside. Furthermore, a RUBS program is in place to recoup utility costs, minimize owner expenses, and maximize the potential return on this excellent investment property in a growing market.

Listing Courtesy of Steven M. Bogoyevac, Broker

PROPERTY INFORMATION

Sewer
Public Sewer
Water
Public

EXTERIOR

Lot Description
Rectangular Lot

ADDITIONAL INFORMATION

Number of Units
13
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