594 Graves Ave - Apartments FOR SALE


El Cajon, CA 92020
$2,800,000 USD
760-840-7073
594 Graves Ave, El Cajon, CA for Sale
$2,800,000 USD
Apartments - FOR SALE
1/12
null | 4.74% Cap Rate

594 Graves Ave
El Cajon, CA 92020


HIGHLIGHTS

  • All large 2 bedroom / 1 Bathroom Units (845sf)
  • 8 out of 10 units newly renovated
  • Strong 4.6% In-Place Cap Rate + Immediate Upside
  • Large 19,973 SF lot
  • 23 On-Site Parking Spaces
  • All Tenants Due for Rental Increase

OVERVIEW

594 Graves Ave is a 10-unit multifamily property located in the highly desirable rentable market of El Cajon. The property consists of a single, two-story structure with a large laundry room as well as a community front patio. The 8,483 square foot structure features (10) 2 bedroom / 1-bathroom units, each at 845 square feet. 8/10 units each have been newly remodeled with porcelain tile flooring, quartz countertops, dove tail cabinets, and stainless-steel appliances. Tenants have not had a rental increase in over 2 years. There is upside for a buyer to renovate the remaining two vintage units and bring them to market rents.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$332 USD /SF

# OF UNITS

10

PRICE/UNIT

$280,000

CAP RATE

4.74%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

R-4

APN/PARCEL ID

483-330-40

ASK ABOUT THIS PROPERTY

Tosh EverettWD LandMore Info
760-840-7073

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Tosh EverettWD LandMore Info
760-840-7073

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