1116-1118 Persimmon Ave - Apartments FOR SALE


El Cajon, CA 92021
$1,199,000 USD
619-861-3939
1116-1118 Persimmon Ave, El Cajon, CA for Sale
$1,199,000 USD
Apartments - FOR SALE
1/45
null | 6.02% Cap Rate

1116-1118 Persimmon Ave
El Cajon, CA 92021


OVERVIEW

2 HOUSES ON 1 LOT IN ELCAJON FOR SALE! Fantastic Investment Opportunity in a Prime Location! Discover this rare gem featuring two units on a single lot, perfectly designed for both investors and owner-occupiers. One unit is newly remodeled and ready for immediate move-in, while the other is occupied. Each unit boasts 3 bedrooms, 2 bathrooms, a 2-car garage, and no common walls, offering a sense of independence and privacy. The spacious yards are a highlight, featuring large covered concrete patios that are ideal for outdoor gatherings, barbecues, and relaxation, both side yards are fully fenced. This prime location offers unparalleled convenience, with close proximity to shopping centers, schools, and a variety of entertainment options. Currently one unit is rented at $3550 per month. The newly remodeled unit is turnkey ready, featuring modern finishes and upgrades for a comfortable and stylish living experience.

FOR SALE DETAILS

PRICE

$1,199,000 USD

PRICE/SF

$556 USD /SF

# OF UNITS

2

PRICE/UNIT

$599,500

CAP RATE

6.02%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1116-1118 Persimmon Ave

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

R-2:Minor Multiple

APN/PARCEL ID

484-101-69-00

ASK ABOUT THIS PROPERTY

Michael ChenavoKW CommercialMore Info
619-861-3939

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Michael ChenavoKW CommercialMore Info
619-861-3939

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