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360 N 1st St
El Cajon, CA 92021
Garden Park Apartment Homes · Multifamily Property For Sale
·
56 Units
PROPERTY FACTS
| No. Units | 56 | Lot Size | 1.61 AC |
| Property Type | Multifamily | Building Size | 46,409 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1973/2020 |
| Building Class | B | Parking Ratio | 2.14/1,000 SF |
| Zoning | R3 | ||
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.61 AC |
| Building Size | 46,409 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1973/2020 |
| Parking Ratio | 2.14/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Freezer
- Patio
- Wheelchair Accessible (Rooms)
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Gated
- Grill
- Lounge
- Online Services
- Sundeck
- Walk-Up
ABOUT 360 N 1ST ST , EL CAJON, CA 92021
The Heritage is a rare opportunity to acquire an high-quality asset at a great price (compare to recent comp 330 n 1st)! The community has been thoroughly remodeled from the studs. All units now have washer/dryers, central air-conditioning, granite counters, SS appliances, and vanities, dual-pane windows, etc (see pictures). The property has pitched roofs, 89 parking spaces (+1.5/unit), newly plastered pool, BBQ area, and gated entry. It’s centrally located near downtown El Cajon and many retail locations, including grocery stores, restaurants, banks, schools, and parks (20) 3(2 bed+1 den) 2 bath and (36) 2 (1 bed+1 den) 2 bath that is selling at a 4.78 cap and 6.36 cap on market rents. These beautiful units have plenty of room for growth. Raising rents to market level will give the new investor an even greater return! Optional Assumable loan at 3.75% with Chase with 4 years left at fixed rate (P&I).
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 36 | - | - |
| 3+2 | 20 | - | - |
PROPERTY TAXES
| Parcel Number | 489-130-42 | Improvements Assessment | $6,637,336 |
| Land Assessment | $7,808,631 | Total Assessment | $14,445,967 |
PROPERTY TAXES
