966 S Sunshine Avenue, El Cajon, CA 92020

$5,700,000
List Price
$5,700,000
Status
ACTIVE
MLS#
220027738SD
Days on Market
19
Property Type
Commercial
Property Sub Type
Mixed Use

Property Description

ASSUMABLE FINANCING AT 2.97% FIXED FOR 4 YEARS AT 69% LTV. AVAILABLE WITH CONTIGUOUS 39 UNITS AT 922 and 948 S SUNSHINE • Excellent unit mix of over 100% 2-bedroom Units • Additional increase in revenue through the implementation of a utility reimbursement program • 1978 Construction allows an investor to calculate less for capital expenditures • Less than one mile from Interstate-8, the property offers great accessibility to all San Diego employment hubs • Attractive assumable financing at 2.97% in a rising interest rate environment fixed until November 2026 – Original loan balance of $3,920,000 • Proforma ~5.5% Cap Contact agent for OM.

Additional Information

Attached Structure
Detached
Number Of Units Total
19
Gross Scheduled Income
$417,876
Operating Expense
160245

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

Mortgage Calculator

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Term of Loan
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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.