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1069 Naranca Ave
El Cajon, CA 92021
The OLIVE Apartment Homes · Multifamily Property For Sale
·
6 Units
Investment Highlights
- Prime East San Diego Location – El Cajon / Located Just 17 Miles East of Downtown San Diego
- Large Floor Plans (1,050sf Avg Size) / Fully Remodeled (Completely Turn-Key) / High Quality Interior & Exterior Rehab
- All Units Equipped w/ Washer/Dryer and Air-Conditioning / Convenient Access to Freeways, Shopping and Local Services
- Excellent Unit Mix – All 2 Bedroom / 2 Bathroom Units / Pride of Ownership, Trophy Property
- Nice Courtyard Setting with Common Area Picnic and Dog-Run Yard Space / Secured / Gated Access
- High Demand Rental Market / Ample Parking, Ten (10) Parking Spaces
Property Facts
| No. Units | 6 | Building Size | 6,468 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1973 |
| Building Class | C | Parking Ratio | 1.54/1,000 SF |
| Lot Size | 0.28 AC | ||
| Zoning | R3 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 6,468 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.54/1,000 SF |
| Zoning | R3 |
About 1069 NARANCA AVE , EL CAJON, CA 92021
The OLIVE Apartment Homes is a fantastic opportunity to own an absolute turn-key multifamily asset with a strong in-place cap rate with additional upside in rental income. This 6-unit complex is located in the highly desirable east San Diego county market of El Cajon and has been completely remodeled with thoughtful quality finishes. El Cajon has experienced more rent growth than almost any other community in San Diego County over the last few years. 4.62% Cap on Currents - 5% Cap by just leveling out the rents to the highest current rental rate. The unit mix consists of six (6) large 2 bedroom / 2 bathroom units (1,050sf each) with in-unit washer/dyer, air-conditioning and private yards on the downstairs units. This is an ideal opportunity for an investor seeking a fully remodeled property with stable, in-place rental income located in one of San Diego County’s most desirable rental markets.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 6 | $1,920 | 1,050 |
Property Taxes
| Parcel Number | 484-300-16 | Improvements Assessment | $1,086,490 |
| Land Assessment | $909,242 | Total Assessment | $1,995,732 |
Property Taxes
