532 N 1st Street, El Cajon, CA, 92021
Offer Price:
$4,650,000
Cap Rate:
5.25%
Price/SF:
$372.60
Price/Unit:
$232,500
Gross Building Area:
12,480 SF
Lot Size:
21,928 SF
Status:
Closed
Submarket:
South County
Property Type:
Apartments
Strategy:
Value Add
INVESTMENT HIGHLIGHTS
Ideal unit mix of 2bd/1ba in a strong rental area of El Cajon
Potential to add value to exterior of building that already has renovated interiors and pool
Great transit area located within close proximity to Interstate 8 and SR-67 freeways, offering easy access to all major employment centers of central San Diego County
The property sits a mile from El Cajon City Park and only a few blocks away from Wells Park giving tenants easy access to enjoy outdoor activities
Only a few blocks away from El Cajon Valley High School and located within walking distance to Naranca and Johnson Elementary School
Less than a mile away from Westfield Parkway Plaza, El Cajon’s regional mall with anchor tenants including Best Buy, Macy’s, JC Penney, Sears, Dicks Sporting Goods and Regal Cinemas
Listed By:
Aaron Bove
Senior Vice President, Investments
aaronbove@thebovegroup.com
(858) 373-3237