193 W Renette Ave

    El Cajon, CA 92020
    • $950,000
    • STATUS: ACTIVE
    • ON SITE: 76 days
    • ID#: 180048234
    UPDATED: 25 min ago
    $950,000
    • 8
      BEDS
    • 0.19
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 3,440
      SQFT
    • $276
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1977
    County:

    School Ratings & Info

    Description

    Rents Raised to Market with 1 Year Leases. Stable Property. 2 units only raised to $1500 because they are very long term tenants. Property shows very well and should be in mostly turn key condition. Well maintained Units with Immediate Upside. 4 Value Ad Large Two Bedroom Units. Rents well below market. Large lot with plenty of parking and on site laundry. 1977 Construction. Units all with private patios or balconies and average roughly 860 Sq Ft.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 San Diego MLS, Inc. Licensed in the state of California.
    www.triolorealty.com/homes/86980879

    193 W Renette Ave El Cajon, CA 92020

    • Price: $950,000
    • Status: ACTIVE
    • Updated: 25 min ago
    • ID#: 180048234
    8
    Beds
    4
    Baths
    0
    ½ Baths
    0.19
    Acres
    3,440
    SQFT
    $276
    $/SQFT
    1977
    Built
    Neighborhood:
    El Cajon
    County:
    San Diego
    Area:
    El Cajon (92020)
    Property Description
    Rents Raised to Market with 1 Year Leases. Stable Property. 2 units only raised to $1500 because they are very long term tenants. Property shows very well and should be in mostly turn key condition. Well maintained Units with Immediate Upside. 4 Value Ad Large Two Bedroom Units. Rents well below market. Large lot with plenty of parking and on site laundry. 1977 Construction. Units all with private patios or balconies and average roughly 860 Sq Ft.
    Exterior Features

    Exterior Stucco Fencing Partial Roof Composition Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 0 Units With Patios 4

    Interior Features

    Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups Common Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Unit4 Laundry Hook Ups Common Units With Cooling 0 Units With Dishwashers 4 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 0

    Property Features

    Actual Cap Rate 5.27 Age Restrictions N/K Annual Expense Actual 24520 Annual Expense Projected 24520 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0 Community El Cajon Complex Park El Cajon Cross Streets West Renette & South Sunshine Gross Rent Multiplier Actual 12.82 Gross Rent Multiplier Project 11.82 Gross Scheduled Income Actual 74100 Gross Scheduled Income Project 80400 Mandatory Remarks None Known Market Area East County Monthly Total Fees 0 Net Operating Income Projected 55164 Other Fees 0 Other Income Actual 500 Projected Cap Rate 5.81 Projected Other Income 1000 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays Association FeeElectricityGas/Propane Terms Conventional Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Deposit 1125 Unit1 Occupied Tenant Unit1 Projected Rent 1675 Unit1 Rent Actual 1500 Unit2 Deposit 1250 Unit2 Occupied Tenant Unit2 Projected Rent 1675 Unit2 Rent Actual 1500 Unit3 Deposit 1000 Unit3 Occupied Tenant Unit3 Projected Rent 1675 Unit3 Rent Actual 1575 Unit4 Deposit 1400 Unit4 Occupied Tenant Unit4 Projected Rent 1675 Unit4 Rent Actual 1600 Water N/K Zoning R-3

    Listing provided courtesy of Marcus & Millichap. Listing information © 2018 San Diego MLS, Inc.
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 San Diego MLS, Inc. Licensed in the state of California.
     
    Keller Williams - Triolo Realty Group
    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130