6759-69 El Cajon Boulevard is a 34 unit mixed use storefront and apartment complex that consists of 21,216 rentable square feet built around 1950 in different phases. The property is situated on a 20,485 square foot lot and was formally known as the Banner Building. The unit mix consists of (5) 2 Bedroom / 1 Bath units, (19) 1 Bedroom / 1 Bath units and (3) studios as well as onsite laundry facilities. Two studios and possibly a second bedroom are non-permitted. There are (7) storefront units with frontage to El Cajon Blvd. There are (3) garages and approximately 17 parking spaces. There is a courtyard and a picnic table on an upstairs patio and a unique entrance to the parking lot. The tenants are month to month and there is a tremendous upside in rents. The property has spacious floorplans and offers an investor additional upside in rents in the burgeoning Rolando Village Neighborhood near the College East District.
DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS. CONTACT LIST AGENT FOR TOUR. Square footage, number of legal units and bedrooms, and vintage are estimated. Buyer to investigate.
The property is located just East of where Montezuma Road and El Cajon Blvd meet in the College East District right by the Rolando Village Neighborhood. Rolando is a fully developed suburban community with homes, churches, businesses, parks, and schools. Rolando is a model suburb of San Diego. The exclusive suburban design of the Rolando Village area with its curved streets allows for the retention of its majority older single-family homes and is not an area inundated with apartment buildings. The area is just West of La Mesa and East of San Diego State University. Rolando has seen significant rent growth and an improvement in the tenant-base with college students, young professionals, and families residing there.
