31
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$11,750,000
Est. payment /mo
1.67 Acres Lot
Active
445 Hart Drive El Cajon, CA 92021
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260010489SD
HOA Y/N No
Lot Size 1.670 Acres
Property Sub-Type Mixed Use
Property Description
Price reduced $1,450,000. We are pleased to present Hart Townhomes, a 24-unit townhome community in El Cajon offered by the original developer. - Built 1991, comprehensively renovated 2016 to 2019 - 22 three bedroom homes (1,350 SF) and 2 four bedroom homes (1,550 SF) - Every home: attached duet, two car garage, private yard, fireplace, in-unit laundry - Tentative map contemplating individual townhome sales - 98% historical occupancy with four plus year average tenant tenure - In-place rents approximately 12% below market - Comparable El Cajon townhomes averaged $681,000 over trailing twelve months - Only 22.8% of El Cajon apartments contain three bedroom units; just 2.3% include four bedroom units Stabilized cash flow with embedded mark-to-market upside and condominium disposition optionality.
Location
State CA
County San Diego
Area 92021 - El Cajon
Interior
Fireplace No
Exterior
Total Parking Spaces 54
Others
Tax ID 48310330
Virtual Tour https://www.propertypanorama.com/instaview/snd/260010489
Listed by Erik Anderson Newmark of Southern California #01991182
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