Palm Residence is an 11-unit property that consists of one structure totaling 3,514 rentable square feet built in 1951 on a 12,979 square foot lot. There is a 1 Bedroom manager’s unit with a full kitchen and 10 studios without kitchens. All units have walk-in closets and large bathrooms. The property features 11 parking spaces, onsite laundry facilities and two large storage sheds. There is conditional approval for Single Room Occupancy use and more improvements are required for final approval. Possible CUP for 12th unit. Buyer to verify property use, zoning and square footage. DO NOT WALK ON PROPERTY. The property is located in a desirable El Cajon area with convenient access to schools and freeways. The nearby I-8 runs towards La Mesa and the SDSU College Area to the West and the I-67 runs north towards Santee and Lakeside. The average household income exceeds $85,000 in a 3-mile radius with an average family size of 3 members per household. The property is in close proximity to national health and consumer stores including VONS, Rite-Aid, CVS and North Park Produce as well as walkable to numerous quick-service restaurants, 24 Hour Fitness and schools along El Cajon Boulevard. El Cajon is located in East San Diego County and is bordered by Santee, Spring Valley, and La Mesa. It has the I-8 freeway as its main artery to the coast and downtown San Diego. El Cajon is a strong apartment rental market with low vacancies. El Cajon experienced high growth after World War II and presently growth is more moderate and steadier. Guided by prudent and fiscally responsible civic leadership, the city has weathered its rapid growth period with a balanced economy and a governmental structure that offers full municipal services. In 1976, a new civic center was opened to serve the citizens of El Cajon, lending added luster to the historic corners of Main and Magnolia. The most recent additions to this area are the new Headquarters Fire Station and the Neighborhood Center on Lexington and Douglas Avenues as well as the new stores and restaurants at the intersection of South Magnolia Avenue and Main Street. El Cajon, a suburb of San Diego, is nestled in a valley and surrounded by mountainous terrain, the city is nicknamed “The Box” due to its secluded atmosphere. Located 17 miles east of Downtown San Diego, El Cajon is an ideal choice for commuters. Residents have easy access to public bus routes, Interstate 8, and Highways 125 and 52. There are so many shopping, dining, and entertainment options as well. Residents live near Mission Trails Regional Park and Harry Griffin Park, so outdoor adventure is always around the corner. Locals can shop the 170 stores at Parkway Plaza, watch the annual Air Show San Diego event at Gillespie Field, try their luck at the Sycuan Casino, or catch some air at Kennedy Skate Park. Residents appreciate the community events in Downtown El Cajon, such as the weekly Cajun Classic Cruise, the summertime Dinner and a Concert Series, the annual Haunt Fest, America on Main, and the Mother Goose Parade.