Courtesy of: Steven Bogoyevac 01332755 | Steven M. Bogoyevac, Broker
Purchase Type: Sale
MLS ID: PW21227369
Days On Market: 4
Year Build: 1987
Lot size: 0.457
Property Type: Residential Income
New Construction: No
Swimming Pool: No
Address: 1322 N 1st Street
County: San Diego
City: El Cajon
Neighborhood: El Cajon, 92021 - El Cajon
Pool Features: None
1322 North 1st Street is a turnkey 13-unit apartment building in El Cajon, California. The asset is an attractively renovated 1987 construction with a coveted mix of 11 two-bed/one-and-one-half-bath and two three-bed/two-bath units. All units boast desirable townhome-style floor plans, in-unit laundry, central air and heating, and private patios. The property also features gated access, 21 surface parking spaces, and a shared back patio for tenants’ enjoyment.
The property is well-located proximate to the 8 and 67 freeways, a short five-minute drive to the Parkway Plaza shopping mall, and a nine-minute drive from the site of a future Amazon warehouse that is anticipated to bring a significant 300+ jobs to the area.
1322 North 1st Street has solid rents in place and offers a new investor seven percent potential upside. Furthermore, a RUBS program is in place to recoup utility costs, minimize owner expenses, and maximize the potential return on this excellent investment property in a growing market.