948 S Sunshine Ave., El Cajon, CA 92020

$5,700,000
List Price
$5,700,000
Status
ACTIVE
MLS#
220027267SD
Lot Size
34,848
Acres
0.80
Days on Market
26
Property Type
Commercial
Property Sub Type
Mixed Use

Property Description

ASSUMABLE FINANCING AT ~68.5% LTV FIXED AT 3.03% FOR 4 YEARS - Available with contiguous properties at 922 and 966 S Sunshine for a total of 58-units, 2/3 properties have assumable debt - 19-Unit apartment building in great shape with moderately renovated interiors - All 900/SF 2 bed 1 bathroom units and 1, 4 bedroom 2 bath unit - 1977 construction - Great rental upside with current rents ~11% under market. - Unparalleled demand for apartments in San Diego with lowest vacancy in the county - Hard surface floors, upgraded cabinets - Ample surface parking available for tenants 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
19

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.