480 Jamacha Rd
El Cajon, CA 92019
Active for $10,440,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: N/A sqft
| MLS | 240014930SD |
| Year Built | |
| Property Type | Mixed Use |
| County | San Diego |
| Status | Active |
| Active | $10,440,000 |
| Structure Size | N/A sqft |
| Lot Size | N/A sqft |
| Beds | N/A |
| Baths |
Description
A welcome addition to your multi family portfolio! 5% Cap rate on ACTUALS with significant rental upside! Enjoy a steadily increasing cash flow stream by initiating the allowable rent increases annually and/or reaching market rent upon turnovers, or complete a substantial renovation to accomplish leading market rents sooner! The Woods is a 32 unit apartment community featuring a desirable unit mix of 100% 2BR/2BA units featuring large 913 sqft layouts, each with a walk-in closet and individual water heater. Units have TWO balconies or patios, and the property's amenities include 29 carports and 23 parking spaces, a sparkling pool, laundry facility, and landscaped grounds located on a sprawling 1.32 acre lot for residents to enjoy. Built in 1977, the community is well located in the sought after neighborhood of Granite Hills in El Cajon, which offers easy access to the 8 and 94 freeways and is contiguous to masterplan Rancho San Diego.
Listing information courtesy of: Christina Labowicz, Apartment Consultants Incorporated . *Based on information from the Association of REALTORS/Multiple Listing as of 09/20/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Tina Keuroghlian
REALTOR®
Direct: 818.262.0621
Email: Email Me
DRE: 01880857
DRE #01873088
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