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$11,750,000
Est. payment /mo
74 Beds
72 Baths
32,800 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 32,800 sqft
Price per Sqft $358
MLS Listing ID 260010489
Bedrooms 74
Full Baths 48
Half Baths 24
Property Sub-Type Com-Res Income
Property Type Com-Res Income
Property Description
Price reduced $1,450,000. We are pleased to present Hart Townhomes, a 24-unit townhome community in El Cajon offered by the original developer. - Built 1991, comprehensively renovated 2016 to 2019 - 22 three bedroom homes (1,350 SF) and 2 four bedroom homes (1,550 SF) - Every home: attached duet, two car garage, private yard, fireplace, in-unit laundry - Tentative map contemplating individual townhome sales - 98% historical occupancy with four plus year average tenant tenure - In-place rents approximately 12% below market - Comparable El Cajon townhomes averaged $681,000 over trailing twelve months - Only 22.8% of El Cajon apartments contain three bedroom units; just 2.3% include four bedroom units Stabilized cash flow with embedded mark-to-market upside and condominium disposition optionality.
Location
State CA
County San Diego
Community Other/Remarks
Area East County
Interior
Fireplace No
Exterior
View Y/N No
Total Parking Spaces 54
Building
Story 2
Others
Senior Community No
Tax ID 483-103-30
Virtual Tour https://www.propertypanorama.com/instaview/snd/260010489
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Listed by Erik M Anderson, DRE#01991182 Newmark of Southern California
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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