$13,995,000

  • COMMERCIAL-RES INCOME
  • ACTIVE
  • MLS# 180046243

Description

The Heritage is a rare opportunity to acquire a high-quality asset at a great price! The 56 unit community, with 89 parking spaces (1.5/unit), has been thoroughly remodeled from the studs. All units now have washer/dryers, central a/c, granite counters and vanities, stainless steel appliances including mounted microwaves and all dual pane windows. Select units have vaulted ceilings. 4.78 CAP & 13.18 GRM on current rents.

Property Details

Property type:
Commercial-Res Income
Number of Buildings:
6
Number of Stories:
2
Total Number of Parking Spaces:
89

Location

County:
San Diego

Additional Details

Number of Units:
56
Number of Leased Apartments:
56
Number of Stories:
2
Total Monthly Rent:
$88,460
Price Per Unit:
$249,911
Down Payment:
$5,645,000
Gross Equity:
$8,350,000
Assumable Finance:
$8,350,000
Existing Finance:
ARM
SqFt of Improvement:
46,409
Lot Size:
1.5 through 2.5 Acres
Assessors Parcel #:
489-130-42
Cooling:
Central Forced Air Elec
Heating Equipment:
Central Forced Air Elec
Roof:
Composition
Parking:
Spaces

Unit Details

Unit 1
Number of Units:
36
Number of Bedrooms:
2
Number of Baths:
2
Rent:
$1,395
Unit Rental Total:
$50,220
Unit 2
Number of Units:
20
Number of Bedrooms:
3
Number of Baths:
2
Rent:
$1,587
Unit Rental Total:
$31,740

Features

Amenities:
BBQ
Construction Features:
Drywall, Stucco

Listing provided by

Apartment Consultants, Inc.
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El Cajon

El Cajon is the largest city in East County with approximately 100,000 residents. Nicknamed “The Big Box," it sits in a valley surrounded by mountains and is 15 miles east of Downtown San Diego. Within its 15 square miles are numerous parks, community centers and churches, almost two dozen elementary schools, six middle schools and six high schools. It also has three higher edu... Read More

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877.515.7443

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