Listing provided courtesy of Christina Labowicz of Apartment Consultants Incorporated. Last updated 2024-07-02 09:21:51.000000. Listing information © 2024 Sandicor.
Asking Price: $10,440,000
480 Jamacha Rd, El Cajon CA 92019
Community: East County
This Com-Res Income property was built in and is priced at $10,440,000. Please see the additional details below.
A welcome addition to your multi family portfolio! 5% Cap rate on ACTUALS with significant rental upside! Enjoy a steadily increasing cash flow stream by initiating the allowable rent increases annually and/or reaching market rent upon turnovers, or complete a substantial renovation to accomplish leading market rents sooner! The Woods is a 32 unit apartment community featuring a desirable unit mix of 100% 2BR/2BA units featuring large 913 sqft layouts, each with a walk-in closet and individual water heater. Units have TWO balconies or patios, and the property's amenities include 29 carports and 23 parking spaces, a sparkling pool, laundry facility, and landscaped grounds located on a sprawling 1.32 acre lot for residents to enjoy. Built in 1977, the community is well located in the sought after neighborhood of Granite Hills in El Cajon, which offers easy access to the 8 and 94 freeways and is contiguous to masterplan Rancho San Diego.
