Listing provided courtesy of Thomas McCartin of Marcus & Millichap. Last updated 2024-07-11 09:21:42.000000. Listing information © 2024 Sandicor.
Asking Price: $3,950,000
1140 & 1146 Lexington Ave, El Cajon CA 92019
Community: East County
This Com-Res Income property was built in and is priced at $3,950,000. Please see the additional details below.
12 Turn Key Units with all of the Major Capital Improvements Completed. Current Owner recently installed and paid for Solar Panels eliminating most electric bills. In addition the roofs, windows, hot water heaters, parking gate, exterior paint have all been updated within the past couple years. All the interiors have been renovated in some fashion over the past 5-7 years. Rents are approximately 12% below market so with all the heavy lifting completed the new owner should be able to continue and raise rents in what is considered a very stable rental market.
