1255-1269 Jeannine Ln - Apartments FOR SALE


El Cajon, CA 92021- Bostonia
$4,400,000 USD
760-518-8002
1255-1269 Jeannine Ln, El Cajon, CA for Sale
$4,400,000 USD
Apartments - FOR SALE
1/37
null | 4.95% Cap Rate

1255-1269 Jeannine Ln
El Cajon, CA 92021
Bostonia


HIGHLIGHTS

  • 4 Duplexes that are each 3 Bedroom/2 Bathrooms/2 Car Attached Garages/Big Yards
  • EX Bread-n-Butter Units to Manage
  • Individually Metered
  • Convert Garages to ADU

OVERVIEW

TREMENDOUS OPPORTUNITY...DUPLEXES ANYONE? HOW ABOUT 4 DUPLEXES? These are EZ bread and butter units to manage with long term tenants. DRIVE BY ONLY..PLEASE BE DISCREET..AGENTS, Your Clients have the opportunity to purchase (4) duplexes as a bulk sale. Each unit is identical (3) bedrooms, (2) bathrooms, 1100 Sq ft/unit, (2) car garages/unit, HUGE Yards/Unit. MARKET RENT NOW ESTABLISHED AT $3200 for One side of one of the duplexes. Current Cap rate is 4.95% based on 2026 current projection today less trash and management expense. W ho doesn't want 3 bedroom/2 bath units with garages and laundry and huge yards in all 4 buildings. That means a total of (24) Bedrooms and (16) Bathrooms that are available and all within a few steps of one another. The units are really detached houses as they are only connected at the front of the building by the roof foyer. Tenant Pays electric, gas, and water (yes, each unit is individualized)..Possible play would also be to convert the garages to ADU??

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$500 USD /SF

# OF UNITS

8

PRICE/UNIT

$550,000

CAP RATE

4.95%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

R-3, El Cajon

APN/PARCEL ID

484-101-64,484-101-65,484-101-66,484-101-68

ASK ABOUT THIS PROPERTY

Daniel TalmanBankers Hill Capital, IncMore Info
760-518-8002

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Daniel TalmanBankers Hill Capital, IncMore Info
760-518-8002

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.