445-523 Hart Dr - Apartments FOR SALE


El Cajon, CA 92021- Bostonia
$13,200,000 USD
858-395-6935
445-523 Hart Dr, El Cajon, CA for Sale
$13,200,000 USD
Apartments - FOR SALE
1/24
null | 4.85% Cap Rate

445-523 Hart Dr
El Cajon, CA 92021
Bostonia


HIGHLIGHTS

  • All units were renovated between 2016 and 2019 to a consistent, modern finish level.
  • Durable concrete drives and xeriscape landscaping reduce long-term maintenance needs.
  • Wood-burning fireplaces, central HVAC, skylights, and in-unit laundry hookups are standard.
  • The property sits minutes from Interstate 8, State Route 67, and major retail amenities.

OVERVIEW

Hart Drive Townhomes is a professionally maintained, 24-home townhome community located on a private drive in El Cajon. Originally developed as a for-sale product, the property offers a residential experience rarely found in the local rental market. Each attached duet townhome features direct-access two-car garages, private walled yards, and thoughtfully designed interiors that live like single-family homes. The community was built in 1991 and comprehensively renovated between 2016 and 2019 to a uniform finish standard, creating a cohesive, modern aesthetic throughout. Interior features include stainless steel appliances, upgraded cabinetry, granite countertops, natural stone flooring, wood-burning fireplaces, central heating and air, skylights, and double-pane windows. The 1.67-acre site is engineered for durability and efficiency with concrete drive aisles, xeriscape landscaping, individual water meters, and a property-wide security camera system. Its infill East County location provides convenient access to regional retail, employment centers, and major transportation routes.

FOR SALE DETAILS

PRICE

$13,200,000 USD

PRICE/SF

$402 USD /SF

# OF UNITS

24

PRICE/UNIT

$550,000

CAP RATE

4.85%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hart Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1991

PARKING SPACES

59

LAND DETAILS

LAND ACRES

1.68 AC

LAND SF

73,181 SF

ZONING

RV

APN/PARCEL ID

483-103-30

ASK ABOUT THIS PROPERTY

Erik AndersonNewmarkMore Info
858-395-6935

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Erik AndersonNewmarkMore Info
858-395-6935

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