209 Millar Ave | El Cajon, CA 92020
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209 Millar Ave
El Cajon, CA 92020
Millar Avenue Apartment Homes · Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Value-add 4plex in central El Cajon. Minutes to downtown El Cajon, transit center, restaurants, and retail.
- Roughly 45% upside in rents. All tenants month-month.
- Separately metered for all utilities. Common-area coin-op. laundry. (2) rear storage rooms.
- Resurfaced parking area and exterior painting completed in 2020 ($30K+ in total upgrades).
- Units in mostly original condition with some minor upgrades.
- (8) off-street parking spaces. Fenced front and rear yard areas with natural grass.
PROPERTY FACTS
| No. Units | 4 | Building Size | 2,508 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1969 |
| Building Class | C | Parking Ratio | 3.19/1,000 SF |
| Lot Size | 0.19 AC | ||
| Zoning | R-3 - residential | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 2,508 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 3.19/1,000 SF |
| Zoning | R-3 - residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
- Carpet
- Yard
- Deck
- Garden
- Handrails
- Lawn
- Patio
- Porch
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Laundry Facilities
- Gated
- Gas Range
- Pet Play Area
- Storage Space
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $1,098 | - |
| 1+1 | 2 | $975.00 | - |
PROPERTY TAXES
| Parcel Number | 487-282-10 | Improvements Assessment | $408,000 |
| Land Assessment | $688,500 | Total Assessment | $1,096,500 |
PROPERTY TAXES
Parcel Number
487-282-10
Land Assessment
$688,500
Improvements Assessment
$408,000
Total Assessment
$1,096,500
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