529 Hart Dr

    El Cajon, CA 92021
    • $2,695,000
    • STATUS: Active
    • ON SITE: 39 days
    • ID#: 200009654
    UPDATED: 22 min ago
    $2,695,000
    • 0
      BEDS
    • 0.55
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    This asset consists of eight, 1,300 SF, townhouse style units in the highly desirable Bostonia community of El Cajon. Built in 1988, all units are 3 Bedroom 2.5 Baths with large open floor plans, 2 car attached garages, in unit washer/dryers, individual hot water heaters, gated front and rear yards, walk-in closets and master suite with private bathroom. Tenants pay gas and electric, as well as water and sewer through the units (private) water meters. The asset sits on a large, 23,958 SF lot, with 10,400 SF of improved space and a pitched composition shingle roof. Hart Drive was built and operated by the current owner. The property has been very well maintained but, can yield significant upside through a cosmetic remodel. The current average rents are well below what the area will support for a renovated unit with these amenities. This is an excellent opportunity for an investor to acquire an asset with a highly desirable unit mix where upside can be achieved in modernizing the units finishes.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-07T08:25:09.877. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.

    www.playavistaliving.com/homes/103575152

    529 Hart Dr El Cajon, CA 92021

    • Price: $2,695,000
    • Status: Active
    • Updated: 22 min ago
    • ID#: 200009654
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.55
    Acres
    County:
    San Diego
    Property Description
    This asset consists of eight, 1,300 SF, townhouse style units in the highly desirable Bostonia community of El Cajon. Built in 1988, all units are 3 Bedroom 2.5 Baths with large open floor plans, 2 car attached garages, in unit washer/dryers, individual hot water heaters, gated front and rear yards, walk-in closets and master suite with private bathroom. Tenants pay gas and electric, as well as water and sewer through the units (private) water meters. The asset sits on a large, 23,958 SF lot, with 10,400 SF of improved space and a pitched composition shingle roof. Hart Drive was built and operated by the current owner. The property has been very well maintained but, can yield significant upside through a cosmetic remodel. The current average rents are well below what the area will support for a renovated unit with these amenities. This is an excellent opportunity for an investor to acquire an asset with a highly desirable unit mix where upside can be achieved in modernizing the units finishes.
    Exterior Features

    Lot Size Units Acres

    Property Features

    Cap Rate 4.00 Country Us Gross Scheduled Income 165000.00 Net Operating Income 103942.00 Operating Expense 60488.00 Property Sub Type Commercial/Residential

    Listing provided courtesy of Sean Bascom of South Coast Commercial, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-07T08:25:09.877. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.

     
    Team Tami | Palm Realty Boutique
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    Playa Vista CA, 90094