855 Franklin Ave - Multi-Family FOR SALE


El Cajon, CA 92020
$1,300,000 USD
925-997-0459
855 Franklin Ave, El Cajon, CA for Sale
$1,300,000 USD
Multi-Family - FOR SALE
1/16
null | 3.8% Cap Rate

855 Franklin Ave
El Cajon, CA 92020


HIGHLIGHTS

  • Two Detached Single Family Homes with Private Yards and Parking on One Oversized Lot
  • Excess Land Allows for Potential ADU Development
  • Large Two and Three-Bedroom Units with Parking
  • Easy Access to the 8 Freeway, El Cajon Boulevard and Other Major Thoroughfares
  • Private Parking & Gated Access
  • In-Unit Laundry Metered Individually for Water and Gas/Electric

OVERVIEW

We are pleased to offer for sale 855 Franklin Avenue, a residential community consisting of two updated detached Single Family Homes in the heart of El Cajon. 855 Franklin consists of a renovated 3-bedroom/2-bathroom house and a lightly updated 2-bedroom/2-bathroom house. Each home has their own private yards, parking, entrances and laundry and truly live as individual single family homes. This offering delivers immediate income potential with the added potential of future development of ADU’s on the over-sized lot, without eliminating any existing parking. This property’s prime location in El Cajon is a major draw for tenants, ensuring consistent rental demand. The property offers convenient access to major freeways (e.g., I-8), public transportation, shopping centers, and dining options, making daily life easy and convenient. Residents enjoy proximity to parks, schools, and recreational facilities, providing a high quality of life. El Cajon is known for its friendly neighborhoods, diverse community, and welcoming atmosphere, attracting long-term tenants. The area also benefits from proximity to employment centers and major employers within the San Diego region, further bolstering tenant demand.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$584 USD /SF

# OF UNITS

2

PRICE/UNIT

$650,000

CAP RATE

3.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

855 Franklin Avenue

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,434 SF

ZONING

-

APN/PARCEL ID

487-512-05-00

ASK ABOUT THIS PROPERTY

Sam CookeCBREMore Info
925-997-0459

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Sam CookeCBREMore Info
925-997-0459

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