360 North 1st St

    El Cajon, CA 92021
    • $13,995,000
    • STATUS: ACTIVE
    • ON SITE: 92 days
    • ID#: 180046243
    UPDATED: 39 min ago
    $13,995,000
    • 5
      BEDS
    • N/A
      ACRES
    • 4
      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 56 unit community, with 89 parking spaces (1.5/unit), has been thoroughly remodeled from the studs. All units now have washer/dryers, central a/c, granite counters and vanities, stainless steel appliances including mounted microwaves and all dual pane windows. Select units have vaulted ceilings. 4.78 CAP & 13.18 GRM on current rents.

    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. Licensed in the state of California.
    www.triolorealty.com/homes/86681904

    360 North 1st St El Cajon, CA 92021

    • Price: $13,995,000
    • Status: ACTIVE
    • Updated: 39 min ago
    • ID#: 180046243
    5
    Beds
    4
    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 56 unit community, with 89 parking spaces (1.5/unit), has been thoroughly remodeled from the studs. All units now have washer/dryers, central a/c, granite counters and vanities, stainless steel appliances including mounted microwaves and all dual pane windows. Select units have vaulted ceilings. 4.78 CAP & 13.18 GRM on current rents.
    Exterior Features

    Construction DrywallStucco Parking Spaces Parking Spaces Total 89 Roof Composition

    Interior Features

    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 4.78 Actual Gross Scheduled Income 1061520 Actual Operating Expense 363104 Assumable Finance 8350000 Buildings 6 Complex Features Bbq Existing Financing Arm Gross Equity 8350000 Gross Multiplier 13.18 Have 56 Units Leased Apartments 56 Mandatory Remarks None Known Market Area East County Monthly Rent Total 88460 Motive Want 1031 Exchange Projected Cap Rate 6.36 Projected Cash Flow 426504 Projected Gross Multiplier 10.79 Projected Gross Scheduled Inc 1297200 Projected Net Income 890450 Projected Operating Expense 370174 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. Licensed in the state of California.
     
    Keller Williams - Triolo Realty Group
    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130