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    209 Millar Avenue

    El Cajon, CA 92020
    • $895,000
    • STATUS: ACTIVE
    • ON SITE: 24 days
    • ID#: PTP2102542
    UPDATED: 43 min ago
    $895,000
    • 3
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    *FINANCIALS ARE PRO-FORMA - CURRENT RENTS ARE SIGNIFICANTLY BELOW MARKET*. Value-add 4plex in central El Cajon. Minutes to downtown El Cajon, transit center, restaurants, and retail. Quiet, family-friendly neighborhood near major freeways. (2) 2bed+1bath (roughly 750 SF), (2) 1bed+1bath units (roughly 500 SF). According to assessor building records, the front duplex was built 1955; rear duplex built 1979. (8) off-street parking spaces. Larger 8,085 SF lot - may be possible to add ADUs. Roughly 45% upside in rents. Units are in mostly original condition with some minor upgrades. Unit 213 (2bed+1bath) is more recently upgraded with newer flooring, cabinets, and in-unit W/D. Separately metered for all utilities. Common-area coin-op. laundry. (2) rear storage rooms. Fenced front and rear yard areas with natural grass. Ready for further renovations. Resurfaced parking area and exterior painting completed in 2020 ($30K+ in total upgrades). All tenants on month-month leases. *FINANCIALS ARE PRO-FORMA - CURRENT RENTS ARE SIGNIFICANTLY BELOW MARKET*. Value-add 4plex in central El Cajon. Minutes to downtown El Cajon, transit center, restaurants, and retail. Quiet, family-friendly neighborhood near major freeways. (2) 2bed+1bath (roughly 750 SF), (2) 1bed+1bath units (roughly 500 SF). According to assessor building records, the front duplex was built 1955; rear duplex built 1979. (8) off-street parking spaces. Larger 8,085 SF lot - may be possible to add ADUs. Roughly 45% upside in rents. Units are in mostly original condition with some minor upgrades. Unit 213 (2bed+1bath) is more recently upgraded with newer flooring, cabinets, and in-unit W/D. Separately metered for all utilities. Common-area coin-op. laundry. (2) rear storage rooms. Fenced front and rear yard areas with natural grass. Ready for further renovations. Resurfaced parking area and exterior painting completed in 2020 ($30K+ in total upgrades). All tenants on month-month leases.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sunluxrealestate.com/homes/116184559
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    209 Millar Avenue El Cajon, CA 92020

    • Price: $895,000
    • Status: ACTIVE
    • Updated: 43 min ago
    • ID#: PTP2102542
    3
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    Neighborhood:
    El Cajon
    County:
    San Diego
    Area:
    El Cajon (92020)
    Property Description
    *FINANCIALS ARE PRO-FORMA - CURRENT RENTS ARE SIGNIFICANTLY BELOW MARKET*. Value-add 4plex in central El Cajon. Minutes to downtown El Cajon, transit center, restaurants, and retail. Quiet, family-friendly neighborhood near major freeways. (2) 2bed+1bath (roughly 750 SF), (2) 1bed+1bath units (roughly 500 SF). According to assessor building records, the front duplex was built 1955; rear duplex built 1979. (8) off-street parking spaces. Larger 8,085 SF lot - may be possible to add ADUs. Roughly 45% upside in rents. Units are in mostly original condition with some minor upgrades. Unit 213 (2bed+1bath) is more recently upgraded with newer flooring, cabinets, and in-unit W/D. Separately metered for all utilities. Common-area coin-op. laundry. (2) rear storage rooms. Fenced front and rear yard areas with natural grass. Ready for further renovations. Resurfaced parking area and exterior painting completed in 2020 ($30K+ in total upgrades). All tenants on month-month leases. *FINANCIALS ARE PRO-FORMA - CURRENT RENTS ARE SIGNIFICANTLY BELOW MARKET*. Value-add 4plex in central El Cajon. Minutes to downtown El Cajon, transit center, restaurants, and retail. Quiet, family-friendly neighborhood near major freeways. (2) 2bed+1bath (roughly 750 SF), (2) 1bed+1bath units (roughly 500 SF). According to assessor building records, the front duplex was built 1955; rear duplex built 1979. (8) off-street parking spaces. Larger 8,085 SF lot - may be possible to add ADUs. Roughly 45% upside in rents. Units are in mostly original condition with some minor upgrades. Unit 213 (2bed+1bath) is more recently upgraded with newer flooring, cabinets, and in-unit W/D. Separately metered for all utilities. Common-area coin-op. laundry. (2) rear storage rooms. Fenced front and rear yard areas with natural grass. Ready for further renovations. Resurfaced parking area and exterior painting completed in 2020 ($30K+ in total upgrades). All tenants on month-month leases.
    Exterior Features

    Pool N/K Site Sidewalks Topography Level

    Interior Features

    Total Baths Unit1 1 Total Baths Unit2 1

    Property Features

    Actual Cap Rate 5.66 Annual Expense Actual 22744 Association ID Pacific Southwest Association Of Realtors (Psar) Buildings 2 Gross Scheduled Income Actual 75600 Terms Cal VetCashConventionalFhaVa Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 1098.0 Unit2 Rent Actual 975.0

    Listing provided courtesy of Top Gun Cre. Listing information © 2021 San Diego MLS Inc. Source: CR Paragon
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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