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Ben Biggs

ben@thewinfieldgroup.org +1(619) 987-8294

$ 6,495,000

Est. payment | -/mo

40 Beds

1 Bath

0.5 Acres Lot

Save Virtual Tour

$ 6,495,000

Est. payment | -/mo

Save Virtual Tour

40 Beds

1 Bath

0.5 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

MLS Listing ID 260009246

Bedrooms 40

Full Baths 20

Lot Size 0.503 Acres

Lot Dimensions 101X218

Property Sub-Type Com-Res Income

Property Description

Pleased to present a rare high cap rate investment opportunity in San Diego County. This 20-unit multifamily property offers strong in-place income with significant upside potential. The property consists of approximately 12,000 square feet of rentable space situated on a 21,928 square foot lot, featuring twenty (20) spacious two-bedroom, one-bathroom units. This well-located asset benefits from its proximity to key amenities, including shopping, parks, schools, and major transportation corridors. Conveniently positioned less than one mile from major retail and community resources such as Town & Country Shopping Center El Cajon, Wells Park, Boys & Girls Club of East County, and El Cajon Valley High School, the property also offers excellent access to Interstate 8 and State Route 67, providing connectivity to major employment hubs throughout San Diego County. Several units have been upgraded with modernized kitchens, updated flooring (tile and carpet), and new bathroom vanities, enhancing tenant appeal and rental potential. Community amenities include gated entry, off-street parking, an on-site laundry facility, a community courtyard, and a swimming pool, contributing to a comfortable and attractive living environment. This is an exceptional opportunity for investors seeking a stabilized asset with value-add potential in a high-demand rental market.

Location

State CA

County San Diego

Community Bbq, Other/Remarks

Area East County

Zoning R-3:RESTRI

Interior

Heating Wall

Cooling Wall/Window

Flooring Slab, Wood

Fireplace No

Laundry Leased

Exterior

Parking Features Carports

Carport Spaces 20

View Y/N No

Roof Type Other/Remarks

Total Parking Spaces 22

Building

Dwelling Type Apartment

Story 2

Others

Senior Community No

Tax ID 489-030-28-00

Acceptable Financing Cash

Listing Terms Cash

Virtual Tour https://www.propertypanorama.com/instaview/snd/260009246

Listed by Farid Khayamian, DRE#01835318 Bluxen, Inc.

Nearby Locations

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Ben Biggs

REALTOR® | Lic# 02016327

ben@thewinfieldgroup.org

+1(619) 987-8294

10620 Treena St #230 San Diego, CA, 92131

532 N 1St El Cajon, CA 92021

Ben Biggs

Key Details

Location

Interior

Exterior

Building

Others

532 N 1St