Russo's Garden Apartments 1011 El Cajon Blvd 10 Unit Apartment Building $2,750,000 ($275,000/Unit) 6.60% Cap Rate El Cajon, CA 92020

Welcome to Russo’s Garden Apartments. A well-maintained, family-owned and operated 10-unit multifamily property located at 1011–1013 El Cajon Blvd. in the heart of El Cajon. This centrally located complex offers a peaceful and private living environment just minutes from major freeways, shopping, and dining. The property consists of two buildings, consisting of nine single-story units and one two-bedroom unit, with assigned off-street parking and a spacious landscaped walkway between buildings. Units are being renovated on a rolling basis, with updated units featuring tiled shower/tub combos, stainless steel appliances, quartz countertops, laminate wood flooring, and new cabinetry throughout. Each unit is equipped with new dual-pane windows, and the property has a recently installed roof on each of the buildings. Interiors offer open-concept layouts with a modern, neutral color palette that appeals to today’s renters. An income-producing billboard on-site adds passive revenue and enhances the investment potential.