748 3rd St | El Cajon, CA 92021
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748 3rd St
El Cajon, CA 92021
17 Townhouse Units Built in 1982 in El Cajon · Multifamily Property For Sale
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17 Units
INVESTMENT HIGHLIGHTS
- 17-unit townhouse-style complex, built in 1982, located 30 minutes from Downtown San Diego
- Offered at 8.56% market CAP, 8.50 market GRM, $264,000 per unit, and $254 per foot
- (17) 2-bdrm. and 1.5-bath townhouse-style units (approx. 1,045 SF) with a back patio, washer, and dryer
- Not subject to local rent control, allowing for an annual rent increase of 5% + CPI (currently 10%)
- Significant value-add opportunity, approx. 56% rental upside compared to renovated townhomes in the area
- Nearly an acre lot that features abundant parking (approx. 33 spaces) and a well-maintained community pool
PROPERTY FACTS
| No. Units | 17 | Building Size | 17,748 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Townhome | Year Built | 1982 |
| Building Class | C | Parking Ratio | 1.86/1,000 SF |
| Lot Size | 0.88 AC | ||
| Zoning | C | ||
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.88 AC |
| Building Size | 17,748 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1982 |
| Parking Ratio | 1.86/1,000 SF |
| Zoning | C |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
- Patio
SITE AMENITIES
- Pool
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 17 | $1,450 | 1,045 |
PROPERTY TAXES
| Parcel Number | 507-283-20 | Improvements Assessment | $3,570,000 |
| Land Assessment | $1,836,000 | Total Assessment | $5,406,000 |
PROPERTY TAXES
Parcel Number
507-283-20
Land Assessment
$1,836,000
Improvements Assessment
$3,570,000
Total Assessment
$5,406,000
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