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Alexander Pfleger
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P: 858.483.4687
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609 S. Orange Ave
El Cajon, California CA 92020
Price: $1,625,000
ACTIVE Status, Bedrooms, Full Baths

Listing ID # 180028845

Property Description:

Excited to present this rare asset: 5 houses on 1 half acre (23,422 sqft) parcel!! This property's a real pride to own. (4) Houses are 2 bed 1 bath and (1) house is 1500sqft 3 bed 2 bath. All houses have washer/dryers, A/C and are individually metered for gas and electric, 3 houses are submetered for water. All have their own private yards. Rents currently are at apartment rates, they can be raised SIGNIFICANTLY to increase the cash flow even more. Check out virtual Tour Link

Primary Features

Market Area: East County
Short Sale: no
Number of Buildings: 5
Number of Units: 5
Parking Spaces Total: 10

Interior Features

Number of Baths (1): 1
Number of Baths (2): 2
Number of Bedrooms (1): 2
Number of Bedrooms (2): 3

External Features

Entry Only: No

Location Information

Zip/Area: EL CAJON (92020)

Financial Details

Actual Gross Scheduled Income: 102000
Actual Operating Expense: 33672
Assessors Parcel Number: 488-282-01-00
Cap Rate Actual: 4.02
Cap Rate Projected: 4.61
Gross Equity: 893750
Gross Multiplier: 15.93
Monthly Rent Total: 8500
Price/Unit: 325000
Projected Gross Multiplier: 14.45
Sale/Rent: For Sale
Unit Rent (1): 1500
Unit Rent (2): 2500
Unit Rent Total (1): 6000
Unit Rent Total (2): 2500

Additional

Association ID: San Diego Association of REALTORS (SDAR)
Have: 5 Houses
Mandatory Remarks: None Known
Number of Units (1): 4
Number of Units (2): 1
Number of Units w/Garage: 1
Number of Units w/Ranges: 5
Number of Units w/Refrigerator: 5
Number Units w/Dishwashers: 5
Sales Restrictions: N/K
SqFt of Improvement: 4887

Zoning Info


Listing courtesy of Apartment Consultants, Inc.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) services provided by SDMLS and CRMLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. © 2019 San Diego Multiple Listing Service, Inc. © 2019 California Regional Multiple Listing Service. Data updated on Wednesday, June 26th, 2019 05:45:26 PM.

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Office: 858-483-4687 | Cell: 619-339-7334 | Email: [email protected] | CA BRE #01043581 | NMLS# 373603

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The Fair Housing Act prohibits discrimination in housing based on color, race, religion, national origin, sex, familial status, or disability.

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited.

Information Deemed Reliable But Not Guaranteed. The information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information, including square footage, while not guaranteed, has been acquired from sources believed to be reliable.

Last Updated: 2019-05-20

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