1123 E Lexington Ave - Apartments FOR SALE


El Cajon, CA 92019
$1,450,000 USD
619-504-5042
1123 E Lexington Ave, El Cajon, CA for Sale
$1,450,000 USD
Apartments - FOR SALE
1/18
null | 5.35% Cap Rate

1123 E Lexington Ave
El Cajon, CA 92019


OVERVIEW

Great 4 unit investment property & upside on rental income! Long term tenants that want to stay and room for rent increases. The property has 3 single story units w a 4th unit upstairs with each unit over 950 sq. ft. Each unit has a 1 car garage, one parking spot and share laundry room in back of property. All units are in good condition and offer fireplaces and new AC units. This complex can be sold with the adjoining 4 unit property next door that shares a courtyard together to comprise a total of 8 units! Great location in the 92019 zip code of El Cajon with high rental demand.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$380 USD /SF

# OF UNITS

4

PRICE/UNIT

$362,500

CAP RATE

5.35%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

-

APN/PARCEL ID

489-232-01-00

ASK ABOUT THIS PROPERTY

Mike AonRealty Executives DillonMore Info
619-504-5042

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Mike AonRealty Executives DillonMore Info
619-504-5042

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.