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$2,990,000
Est. payment /mo
0.29 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2503466
HOA Y/N No
Year Built 1952
Lot Size 0.290 Acres
Property Description
Welcome to Russo's Garden Apartments. A well-maintained, family-owned and operated 10-unit multifamily property located at 1011–1013 El Cajon Blvd. in the heart of El Cajon. This centrally located complex offers a peaceful and private living environment just minutes from major freeways, shopping, and dining. The property consists of two buildings consisting of nine single-story units and one two-bedroom unit, with assigned off-street parking and a spacious landscaped walkway between buildings. Units are being renovated on a rolling basis, with updated units featuring tiled shower/tub combos, stainless steel appliances, quartz countertops, laminate wood flooring, and new cabinetry throughout. Each unit is equipped with new dual-pane windows, and the property has a recently installed roof on each of the buildings. Interiors offer open-concept layouts with a modern, neutral color palette that appeals to today's renters. An income-producing billboard on-site adds passive revenue and enhances the investment potential.
Location
State CA
County San Diego
Area 92020 - El Cajon
Zoning COMMERCIAL
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Sidewalks
View Y/N No
Total Parking Spaces 10
Private Pool No
Building
Lot Description Level, No Landscaping
Story 1
New Construction No
Others
Senior Community No
Tax ID 4926420400
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Lease Land No
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Listed by Michael Morero • Coldwell Banker West • moreromike@gmail.com