Multifamily Property For Sale - The Heritage Condominiums

360 North 1st Street, El Cajon, CA, 92021

 

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The Heritage Condominiums

360 North 1st Street, El Cajon, CA 92021

The Heritage Condominiums
  • $7,999,900
  • 56
  • 45,016 SF
  • $142,855.36
  • Multifamily
  • Garden/Low-Rise
  • Investment
  • 2%
  • 7.10%
  • 8.90
  • 95%
  • 45,016 SF
  • Find Out More...
Last Verified  11/20/2009 Listing ID  16453513

Description

The Heritage has undergone extensive renovation in 2009. The property features new roof, stucco, insulation, drywall, doors, plumbing, electrical, HVAC, three new boilers, new stairs, railings, and pool fence. Residents
2006 COMPS PEAK VS CURRENT OFFER
can enjoy the beautiful pool & spa with BBQ area and the lush landscaping, as well as the convenience of 110 parking spaces on paved asphalt.
The 56 units available include 36 two bedrooms, ranging from 684 to 760 square feet, and 20 three bedrooms with 936 square feet. All units feature new dual-pane vinyl windows, doors, stainless steel appliances, granite counters in kitchen and bathrooms, new carpet, new cabinetry, new designer paint, and in-unit washer & dryer.
At $142,855 per unit, the portfolio is offered at a 45% discount to the average sold price of $260,297 in 2006.

The Heritage is located in El Cajon, San Diego County. The three largest sectors of San Diego's economy are defense, manufacturing, and tourism, respectively, but San Diego County's economy is also composed of agriculture,
biotechnology/biosciences, computer sciences, electronics manufacturing, defense-related manufacturing, financial and business services, ship-repair and construction, software development, and wireless technology.
The economy of San Diego is influenced by its port, which includes the only major submarine and shipbuilding yards on the West Coast, as well as the largest naval fleet in the world.
The presence of the University of California, San Diego (UCSD) with the affiliated UCSD Medical Center promotes research in biotechnology, whereas San Diego State University (SDSU) is renown for its business department.

Financial Summary

  • Actual
  • $567,992.88

Map of 360 North 1st Street, El Cajon, CA 92021 (San Diego County)

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Presented by

Pacifica Real Estate Services

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Karen Richardson (760) 650-5372
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Created 10/30/2009

Additional Information for 360 N 1st Street, El Cajon, CA 92021

  • Active For Sale - 1 Listing
  • Active For Lease - 0 Listing
  • Previously Listed - 1 Historic Listing
  • Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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