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DESCRIPTION

1024-44 Greenfield Condo Style Apartment, a pride of ownership value-add 8 units property for sale in the heart of El Cajon in San Diego. It is set in a two story charming garden-style layout.? The property enjoys easy access to the Shopping Centers, several Recreation Center Park, Restaurants, Grossmont College, Interstate 8 and Interstate 67 The property offer superior 8 units, 2 Bedrooms 1-1.2 Bathrooms units. Total building Space is approximately 9280 square feet with large Lot Size is approximately 21,930 square feet. The units are mostly renovated with below market rent and have room to further improve and push rent to market price.?($ 240,000.00) Projected annual rental income The complex offers investors the opportunity to purchase a well-maintained property with tremendous upside in San Diego's most affordable neighborhoods.? Investors have the ability to purchase the asset, decrease expenses through efficiencies and increase rents to market to create a well cash-flow asset in one of San Diego best performing markets.($ 240,000.00) Projected annual rental income Investment Highlights 8 Units Condo Style Apartments with 2 Bedrooms 1-1/2 Bathrooms

KEY DETAILS
  • Price:
  • $2,800,000
  • Bedrooms:
  • 0
  • Full Baths:
  • 0
  • Square Footage:
  • 9,280
  • Acreage:
  • 0.50
  • Year Built:
  • 1972
  • MLS #:
  • WS22068512
  • Street Address:
  • 1038 Greenfield Dr
  • City:
  • El Cajon
  • State:
  • CA
  • Postal Code:
  • 92021
  • County:
  • San Diego
  • Area:
  • El Cajon
  • Subdivision:
  • El Cajon
  • Listing Status:
  • For Sale - Active

Building

  • Number Of Floors In Unit:
  • Two
  • Number Of Units:
  • 8
  • Stories:
  • 2
  • Stories:
  • 2
  • Total # Of Buildings:
  • 2
  • Total Building Square Footage:
  • 9280
  • Walls:
  • No Common Walls
  • Year Built:
  • 1972
  • Year Built Source:
  • Assessor

Business

  • Gross Income:
  • 187128

Land

  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • C
  • Lot Features:
  • Corner Lot
  • Lot Size:
  • 21780
  • Lot Square Footage:
  • 21780

Listing

  • Community Features:
  • Sidewalks
  • On Market Date:
  • 2022-04-05
  • Originating Mls:
  • Crmls
  • Terms:
  • Cash To New Loan

Location

  • Subdivision:
  • El Cajon

Rooms

  • Laundry:
  • Electric Dryer Hookup, Gas Dryer Hookup

Structures

  • Garage Parking Spaces:
  • 8
  • Has Garage:
  • Yes
  • Parking Description:
  • Garage Faces Rear
  • Parking Spaces:
  • 8

Systems

  • Existing Water:
  • Public
  • Sewage Type:
  • Public Sewer

Source

  • Provided By:
  • Listing Agent BRIAN LAI with AMCA I

    CACRMLS
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