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Alexander Pfleger
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P: 858.483.4687
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1028 Leslie Rd
El Cajon, California CA 92020
Price: $1,890,000
ACTIVE Status, Bedrooms, Full Baths
10,430 SqFt
Listing ID # 180067631

Property Description:

This Condo complex consists of 1 structure with 8 separate Parcels, Purchase is for Parcel # 492-341-17-01 through -08. The property has a desirable unit mix of (6) 2 bedroom/2bath (800-828 SF each) & (2) three bedroom/ 2 bath (950 SF each). Originally built in 1960, but went through extensive renovation in 2006 to condo specifications. All units have stainless steel appliances, dual pane windows, dishwashers, granite counter tops, crown molding, laundry hook-ups, and much more. The property is gated & has 8 carport covered parking spaces as well. Complex building has a final condo map in place, which may allow an investor to sell each condo individually in the future.

Primary Features

Market Area: East County
Short Sale: no
Number of Buildings: 1
Number of Units: 8
Construction: Stucco
Roof: Composition
Exterior: Metal Fence, Part Landscaped, Wood Fence
Heating: Central Forced Air Gas
Cooling: Central Forced Air Gas
Parking: Carports
Parking Spaces Total: 10

Interior Features

Floor Covering: Tile
Floors: Wood
Number of Baths (1): 2
Number of Baths (2): 2
Number of Bedrooms (1): 2
Number of Bedrooms (2): 3
Stories: 1 Story

External Features

Entry Only: No
Number of Carports: 8

Location Information

Zip/Area: EL CAJON (92020)

Financial Details

Actual Gross Oper Income: 139284
Actual Gross Scheduled Income: 139284
Actual Operating Expense: 48156
Assessors Parcel Number: 492-341-17-01
Cap Rate Actual: 4.55
Gross Multiplier: 14.36
Monthly Rent Total: 11607
Price/Unit: 232500
Projected Gross Scheduled Income: 147600
Sale/Rent: For Sale
Tenant Pays Electric: y
Tenant Pays Gas: y
Tenant Pays Water: N
Terms: Assumable 1st, Cash, Cash to New Loan, Exchange Up
Unit Rent (1): $1,435
Unit Rent (2): $1,500
Unit Rent Total (1): 8607
Unit Rent Total (2): 3000

Additional

Association ID: San Diego Association of REALTORS (SDAR)
Financial Info Source: Accountant
Have: 8 units (6 2b2b & 2 3B2B)
Laundry: Leased
Mandatory Remarks: None Known
Number of Leased Apartments: 8
Number of Stories: 2
Number of Units (1): 6
Number of Units (2): 2
Number of Units w/Disposals: 8
Number of Units w/Ranges: 8
Number of Units w/Refrigerator: 8
Number Units w/Dishwashers: 8
Other Income Source: Seller
Sales Restrictions: N/K
Special: Local Transfer Tax
SqFt of Improvement: 6760
SqFt Source: Owner
Unit Type: Condo

Zoning Info


Listing courtesy of Keller Williams Realty
©2019 Sandicor, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from San Diego Multiple Listing Service (SDMLS). 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. Data updated on Thursday, February 21st, 2019 04:56:34 AM.

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

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