El Cajon, CA 92021,1940 44 Valley Rim Road
El Cajon, CA 92021,1940 44 Valley Rim Road
El Cajon, CA 92021,1940 44 Valley Rim Road
El Cajon, CA 92021,1940 44 Valley Rim Road
El Cajon, CA 92021,1940 44 Valley Rim Road
El Cajon, CA 92021,1940 44 Valley Rim Road
See all 21 photos

$1,150,000

$1,199,999

4.2%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

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

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit
Pathway Team Real Estate

Pathway Team Real Estate

+1(858) 255-7876

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Florian Sighe • The Browar Group
Bought with Steven Bryie • Real Broker
advisor-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

GET MORE INFORMATION

Name
Phone*
Message