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513 La Rue Way
El Cajon, CA 92021
Madison Manor Apartments · Multifamily Property For Sale
·
20 Units
Investment Highlights
- 2007 Complete Renovation For Condo Conversion
- $3.17M Assumable Loan Fixed @ 4.05% Thru Aug 2026
- All 2 Bedroom / 1 Bathroom 896-1,097 sq ft Townhomes
- Market 5.37% Cap Rate & 12.3 GRM
- Condo Map, 20 Parking Spaces, In-Unit Laundry, Pool
- Large Parcel on an Entire Block with Frontage on 3 Streets
Property Facts
| No. Units | 20 | Building Size | 23,577 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1962/2007 |
| Building Class | C | Parking Ratio | 0.85/1,000 SF |
| Lot Size | 0.68 AC | ||
| Zoning | RM-2200, El Cajon - Multifamily which allows 1 dwelling unit per 2,200 sf of total lot area | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.68 AC |
| Building Size | 23,577 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2007 |
| Parking Ratio | 0.85/1,000 SF |
| Zoning | RM-2200, El Cajon - Multifamily which allows 1 dwelling unit per 2,200 sf of total lot area |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Ceiling Fans
- High Speed Internet Access
- Smoke Free
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
- Pool
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 20 | $2,450 | 896 - 1,067 |
Property Taxes
| Parcel Number | 489-353-21 | Improvements Assessment | $2,102,898 |
| Land Assessment | $1,954,876 | Total Assessment | $4,057,774 |
Property Taxes
Parcel Number
489-353-21
Land Assessment
$1,954,876
Improvements Assessment
$2,102,898
Total Assessment
$4,057,774
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