977 Coleen Ct | El Cajon, CA 92021
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- LoopNet Team
977 Coleen Ct
El Cajon, CA 92021
Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- Prime value-add opportunity with minimal repositioning expenses
- Dedicated parking for every unit — rare in this submarket
- Strong tenant base in a supply-constrained El Cajon rental market
- 10 units: (6) 2BD/1BA and (4) 1BD/1BA — larger-than-typical layouts
- Current 4.7% cap rate with achievable 5.4% proforma through operational improvements
PROPERTY FACTS
| No. Units | 10 | Lot Size | 0.31 AC |
| Property Type | Multifamily | Building Size | 7,798 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1973 |
| Building Class | C | Parking Ratio | 1.28/1,000 SF |
| Zoning | RM-2200 | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 7,798 SF |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | RM-2200 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | $2,495 | - |
| 1+1 | 4 | $2,095 | - |
PROPERTY TAXES
| Parcel Number | 507-270-24 | Improvements Assessment | $1,242,984 |
| Land Assessment | $414,325 | Total Assessment | $1,657,309 |
PROPERTY TAXES
Parcel Number
507-270-24
Land Assessment
$414,325
Improvements Assessment
$1,242,984
Total Assessment
$1,657,309
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