El Cajon, CA 92019,1140 & 1146 E Lexington Ave
El Cajon, CA 92019,1140 & 1146 E Lexington Ave
El Cajon, CA 92019,1140 & 1146 E Lexington Ave
El Cajon, CA 92019,1140 & 1146 E Lexington Ave
El Cajon, CA 92019,1140 & 1146 E Lexington Ave
El Cajon, CA 92019,1140 & 1146 E Lexington Ave
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$3,685,000

$3,950,000

6.7%
Est.Price: ?

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Est. payment /mo

0.32 Acres Lot


SOLD DATE : 11/04/2024

Key Details

Sold Price $3,685,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 240015800

Sold Date 11/04/24

Lot Size 0.319 Acres

Acres 0.3

Property Description

12 Turn Key Units with all of the Major Capital Improvements Completed. Current Owner recently installed and paid for Solar Panels eliminating most electric bills. In addition the roofs, windows, hot water heaters, parking gate, exterior paint have all been updated within the past couple years. All the interiors have been renovated in some fashion over the past 5-7 years. Rents are approximately 12% below market so with all the heavy lifting completed the new owner should be able to continue and raise rents in what is considered a very stable rental market.

Location

State CA

County San Diego

Area El Cajon (92019)

Zoning R3 Multipl

Interior

Cooling Wall/Window

Flooring Vinyl

Exterior

Exterior Feature Metal Fence, No Landscaping, Solar Owned

Total Parking Spaces 13

Building

Story 2

Lot Size Range .25 through .50 Acres

Others

Space Rent $302,940

Financing Cash

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San Diego Regional MLS (SDMLS)
Listed by Thomas McCartin • Marcus & Millichap
Bought with Thomas McCartin • Marcus & Millichap
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