1018 E Lexington Ave., El Cajon, CA 92020

$6,095,000
List Price
$6,095,000
Status
ACTIVE
MLS#
220026187SD
Lot Size
28,749
Acres
0.66
Days on Market
41
Property Type
Commercial
Property Sub Type
Mixed Use

Property Description

ASSUMABLE FINANCING OF ~$4,095,000 AT 3.03% FIXED FOR ANOTHER ~4 YEARS. - 23-Unit apartment building in great shape with moderately renovated interiors - 21, 1/1's and 2, 2/1's - 1977 construction - Great rental upside - Unparalleled demand for apartments in San Diego - Unbeatable assumable debt at 67% LTV fixed at 3.03% - Hard surface floors, great community feel - 7 single car garages for additional income - Air condition for tenants and 9 foot ceilings - Lush interior courtyard landscaping with BBQ area DO NOT GO ON PROPERTY OR DISTURB TENANTS - Reach out to broker for additional details and OM.

Additional Information

Attached Structure
Detached
Number Of Units Total
23
Gross Scheduled Income
$456,178
Operating Expense
193454

Listing courtesy of Listing Agent: Erik Anderson (eanderson@northmarq.com) from Listing Office: NorthMarq Multifamily.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.