480 Jamacha Rd, El Cajon
El Cajon Home For Sale
A welcome addition to your multi family portfolio! 5% Cap rate on ACTUALS with significant rental upside! Enjoy a steadily increasing cash flow stream by initiating the allowable rent increases annually and/or reaching market rent upon turnovers, or complete a substantial renovation to accomplish leading market rents sooner! The Woods is a 32 unit apartment community featuring a desirable unit mix of 100% 2BR/2BA units featuring large 913 sqft layouts, each with a walk-in closet and individual water heater. Units have TWO balconies or patios, and the property's amenities include 29 carports and 23 parking spaces, a sparkling pool, laundry facility, and landscaped grounds located on a sprawling 1.32 acre lot for residents to enjoy. Built in 1977, the community is well located in the sought after neighborhood of Granite Hills in El Cajon, which offers easy access to the 8 and 94 freeways and is contiguous to masterplan Rancho San Diego.
Property Details
Additional Information
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- City:
- El Cajon
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- County:
- San Diego
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- Zip:
- 92019
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- MLS® #:
- 240014930SD
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- Lot Size:
- 0.00
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- HOA Dues:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of July 24th, 2024 at 10:28pm PDT. 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.