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Tamra Frost

[email protected] +1(619) 890-7688

$11,750,000

Est. payment - /mo

74 Beds

72 Baths

32,800 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 32,800 sqft

Price per Sqft $358

MLS Listing ID 260010489

Bedrooms 74

Full Baths 48

Half Baths 24

Property Sub-Type Com-Res Income

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

Community Other/Remarks

Area East County

Interior

Fireplace No

Exterior

View Y/N No

Total Parking Spaces 54

Building

Story 2

Others

Senior Community No

Tax ID 483-103-30

Virtual Tour https://www.propertypanorama.com/instaview/snd/260010489

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Listed by Erik M Anderson, DRE#01991182 Newmark of Southern California

Nearby School & Business

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Tamra Frost

+1(619) 890-7688

Agent | CA BRE #01870290

Agent CA BRE #01870290

San Diego Communities

445-523 Hart Drive El Cajon, CA 92021

Tamra Frost

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information