337 First Street, El Cajon, CA 92021

$2,150,000
List Price
$2,150,000
Price Change
▼ $145,000 1701305836
Status
ACTIVE
MLS#
230014843
Lot Size(Range)
2.5 through 5.0 Acres
Lot Size(apprx.)
11,867
Property Type
Multifamily

Property Description

Property is a 5.5% CAP on current income! The property has also permits to build 2 NEW CONSTRUCTION ADU's. Shovel ready. 337 N First St. is a six unit apartment complex the City of El Cajon. All units at this property have been renovated and the exterior has been upgraded with new paint and landscaping! The property sits on a 11,867 SF lot and has a total of 5,500 rentable square footage. The property has a favorable unit mix of all 2 BD 2 BA units. El Cajon is a growing market for multifamily and this investment will be a good addition to your portfolio!

Additional Information

Lot Size
11,867
Lot Size Range
2.5 through 5.0 Acres
Style
Com-Res Income

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Jason J Lee (858-336-9688) from Listing Office: JLM Real Estate Inc..

board logo

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 © 2024 San Diego MLS®,