$1,150,000
$1,199,999
4.2%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 05/16/2023
Key Details
Sold Price $1,150,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision El Cajon
MLS Listing ID 230001570SD
Sold Date 05/16/23
HOA Y/N No
Year Built 1958
Property Description
PRICED TO CASH FLOW EVEN WITH CRAZY 7%+ INTEREST RATES! We are pleased to present this turnkey gem on a HUGE lot in the serene Granite Hills of El Cajon. You will not find cheaper price per lot square footage for multifamily than with this 1.42 acre estate - $21/SF! The property is basically brand new construction given the heavy renovation for all 3 units and is comprised of a large 1500 SF 4BR 2BA home with a 400 SF attached studio. Sitting below this is a 900 SF 2BR 1BA home. All units have their own solar owned free and clear. Minisplit AC units and laundry hook ups in all. The 4/2 house is rented for $4100 and the 2/1 for $2400. Tenant application ready to go for $1800. On top of this, there is the ability to rent out the 15,000 SF part of the lot at the bottom for RV or boat storage. Seller already has an offer from one RV owner for $100/month is a Buyer wants it. There is the ability to fit 10-20 RVs easily, that is potential for $10-20k extra a year!
Location
State CA
County San Diego
Area 92021 - El Cajon
Building/Complex Name Granite Hills
Interior
Cooling See Remarks
Fireplace No
Exterior
Fence Partial
Roof Type Composition
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 5080320100
Acceptable Financing Cash, Conventional, VA Loan
Listing Terms Cash, Conventional, VA Loan
Financing Conventional
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Bought with Steven Bryie • Real Broker
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "