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245 S Lincoln Ave
El Cajon, CA 92020
Regency Park Apartments · Multifamily Property For Sale
·
27 Units
Investment Highlights
- 1985 Construction
- Majority 2 Bed/2 Bath Units
- Storage Units On Site
- Pitched Roofs
- Pool & Common Area
Property Facts
| No. Units | 27 | Building Size | 22,088 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1985 |
| Building Class | C | Parking Ratio | 1.9/1,000 SF |
| Lot Size | 1.10 AC | ||
| Zoning | R3, El Cajon | ||
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.10 AC |
| Building Size | 22,088 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 1.9/1,000 SF |
| Zoning | R3, El Cajon |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
Site Amenities
- Laundry Facilities
- Property Manager on Site
About 245 S LINCOLN AVE , EL CAJON, CA 92020
The Regency Park Apartments consist of 27 spacious units contained in 4 buildings built in 1985 totaling 22,088 sq ft situated on a 47,916 sq ft lot. The favorable unit mix is comprised of (19) 2 Bedroom / 2 Bath units and (8) 1 Bedroom / 1 Bath units. The property features 3 garages, 39 open parking spaces, pitched roofs, laundry facilities, a pool, and a common grass yard. There are 14 storage units included in the current rents. This is true value add deal with 20% upside in rents. BUYER TO VERIFY SQUARE FOOTAGE.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 19 | $1,475 | - |
| 1+1 | 8 | $1,250 | - |
Property Taxes
| Parcel Number | 488-261-44 | Improvements Assessment | $3,846,962 |
| Land Assessment | $2,354,729 | Total Assessment | $6,201,691 |
Property Taxes
Parcel Number
488-261-44
Land Assessment
$2,354,729
Improvements Assessment
$3,846,962
Total Assessment
$6,201,691
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