360 North 1st St

    El Cajon, CA 92021
    • $14,250,000
    • STATUS: ACTIVE
    • ON SITE: 38 days
    • ID#: 180046243
    $14,250,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    The Heritage is a rare opportunity to acquire a high-quality asset at a great price. The community has been thoroughly remodeled from the studs. All units now have washer/dryers, central a/c, granite counters, SS appliances and dual pane windows. 4.69CAP & 13.42GRM on actuals. 6.3CAP & 10.84GRM on ProForma. Assumable loan of 3.75%. Community is 56 units, (20) 2 bed+1 den 2 bath and (36) 1 bed+1 den 2 bath.

    Monthly Payment Calculator

    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.
    www.triolorealty.com/homes/86681904

    360 North 1st St El Cajon, CA 92021

    • Price: $14,250,000
    • Status: ACTIVE
    • ID#: 180046243
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    El Cajon (92021)
    County:
    San Diego
    Area:
    El Cajon (92021)
    Property Description
    The Heritage is a rare opportunity to acquire a high-quality asset at a great price. The community has been thoroughly remodeled from the studs. All units now have washer/dryers, central a/c, granite counters, SS appliances and dual pane windows. 4.69CAP & 13.42GRM on actuals. 6.3CAP & 10.84GRM on ProForma. Assumable loan of 3.75%. Community is 56 units, (20) 2 bed+1 den 2 bath and (36) 1 bed+1 den 2 bath.
    Exterior Features

    Construction DrywallStucco Parking Spaces Parking Spaces Total 89 Roof Composition

    Interior Features

    Baths Unit1 2 Baths Unit2 2 Bedrooms Unit1 2 Bedrooms Unit2 3 Cooling Central Forced Air Elec Floors Slab Heating Central Forced Air Elec Sq Ft Of Improvement 46409 Stories 2 Story

    Property Features

    Actual Cap Rate 4.52 Actual Gross Scheduled Income 1049520 Actual Operating Expense 375334 Assumable Finance 8371875 Buildings 6 Complex Features Bbq Existing Financing Arm Gross Equity 5900000 Gross Multiplier 13.58 Have 56 Units Mandatory Remarks None Known Market Area East County Motive Want 1031 Exchange Projected Cap Rate 5.68 Projected Cash Flow 344360 Projected Gross Multiplier 11.6 Projected Gross Scheduled Inc 1228800 Projected Net Income 809618 Projected Operating Expense 384298 Short Sale No Sq Ft Source Buyer To Verify Terms Assumable 1st Unit Number1 36 Unit Number2 20 Unit Rent Total1 50220 Unit Rent Total2 31740 Unit Rent1 1395 Unit Rent2 1587 Unit Type Apartment

    Listing provided courtesy of Apartment Consultants, Inc.. 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.
     
    Keller Williams - Triolo Realty Group
    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130