CBRE is pleased to present 621 Grape Street, a well-maintained 9-unit multifamily property with significant in-place rental upside located in the heart of El Cajon in East San Diego County. Constructed in 1987, this well-maintained property offers a compelling investment opportunity with significant rental upside potential in a high-demand suburban market. Comprised of two separate buildings with a strong parking ratio and a strategic transit friendly location, 621 Grape Street attracts a reliable and sticky tenant base due to its proximity to educational institutions, employment centers, and recreational amenities.
The property is comprised of four (4) one-bedroom/one-bathroom units, three (3) two bedroom/one-bathroom units, and two (2) two bedroom/two bathroom units which all feature various levels of upgrades. Rents are well below market given their current renovated condition. A new owner can also implement a utility billing program to further enhance income.