939 E Washington Avenue

    El Cajon, CA 92020
    • $3,995,000
    • STATUS: PENDING
    • ON SITE: 222 days
    • ID#: 180018272
    Pending
    UPDATED: 53 min ago
    $3,995,000
    • 6
      BEDS
    • N/A
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Sierra Vista Apartments is a 21* unit complex located at 939 East Washington Avenue in El Cajon. Built in 1980 and situated on 37,461 square feet of land, this property possesses a highly desirable unit mix of all two bedroom units. There are (19) two-bedroom/one-bath units at approx. 850 sqft, (1) two-bedroom/two-bath standalone unit at approx. 1050 sqft w/ an attached garage and w/d hookups, and (1) newly rehabbed two-bedroom/one-bathroom *non-conforming unit approx. 850 sqft with its own separate electric meter. Total rentable sqft is approx. 18,337. The units are all electric and some features include tile floors, upgraded fixtures, granite countertops, wall A/C in all units, mirrored closet doors, built in shelving, and private balconies and patios. Community amenities for residents in the secured gated premises include, a pool & jacuzzi, BBQ area, and an on-site laundry facility leased from Coinmach. There are a total of 39 off-street parking spaces and a garage all accessible from the alley.

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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/82435633

    939 E Washington Avenue El Cajon, CA 92020

    • Price: $3,995,000
    • Status: PENDING
    • Updated: 53 min ago
    • ID#: 180018272
    6
    Beds
    4
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    El Cajon (92020)
    County:
    San Diego
    Area:
    El Cajon (92020)
    Property Description
    Sierra Vista Apartments is a 21* unit complex located at 939 East Washington Avenue in El Cajon. Built in 1980 and situated on 37,461 square feet of land, this property possesses a highly desirable unit mix of all two bedroom units. There are (19) two-bedroom/one-bath units at approx. 850 sqft, (1) two-bedroom/two-bath standalone unit at approx. 1050 sqft w/ an attached garage and w/d hookups, and (1) newly rehabbed two-bedroom/one-bathroom *non-conforming unit approx. 850 sqft with its own separate electric meter. Total rentable sqft is approx. 18,337. The units are all electric and some features include tile floors, upgraded fixtures, granite countertops, wall A/C in all units, mirrored closet doors, built in shelving, and private balconies and patios. Community amenities for residents in the secured gated premises include, a pool & jacuzzi, BBQ area, and an on-site laundry facility leased from Coinmach. There are a total of 39 off-street parking spaces and a garage all accessible from the alley.
    Interior Features

    Sq Ft Of Improvement 0

    Property Features

    Actual Cap Rate 5.49 Actual Gross Scheduled Income 354480 Actual Operating Expense 138516 Actual Taxes Expense 49037 Actual Total Expense 138516 Actual Vacancy And Credit Loss 10634 Assumable Finance 0 Financial Information Source Other/Remarks Gross Equity 0 Gross Multiplier 11.27 Have N/A Mandatory Remarks None Known Market Area East County Motive Want Sell Other Income Actual 13831 Projected Cap Rate 5.58 Projected Gross Multiplier 10.16 Projected Gross Scheduled Inc 393734 Projected Net Income 255189 Projected Other Income 13831 Projected Taxes Expense 49037 Projected Total Expense 140214 Projected Vacancy And Credit Loss 11801 Unit Number1 19 Unit Number2 1 Unit Number3 1 Unit Rent1 1300-1595 Unit Rent2 1600 Unit Rent3 1595

    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