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Key Details
Sold Price $1,600,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 220025677SD
Sold Date 02/16/23
HOA Y/N No
Lot Size 7,840 Sqft
Property Sub-Type Mixed Use
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 92020 - El Cajon
Zoning RM-2500
Interior
Heating Radiant
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 8
Others
Tax ID 4921601000
Financing Cash to New Loan
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Bought with Melvina Selfani Century 21 Award
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