978 Peach Ave - Apartments FOR SALE


El Cajon, CA 92021
$2,800,000 USD
858-336-9688
978 Peach Ave, El Cajon, CA for Sale
$2,800,000 USD
Apartments - FOR SALE
1/14
null | 3.53% Cap Rate

978 Peach Ave
El Cajon, CA 92021


HIGHLIGHTS

  • Significant Upside Value through Strategic Renovations - Market Cap Rate of 5.5%
  • 8 of the 10 units have already received minor interior upgrades
  • Located in a highly accessible area of El Cajon that is directly connected to I-8 & SR-67

OVERVIEW

978 Peach Ave, El Cajon is a well-maintained 10-unit multi-family property situated on a spacious 0.43-acre lot. Built in 1977, the community features a desirable unit mix of (9) two-bedroom/one-bath units averaging 780 SF and (1) three-bedroom/one-bath unit. Residents benefit from on-site laundry, storage, and 18 uncovered off-street parking spaces. The expansive lot and underutilized grass area offer excellent potential for additional dwelling units (ADUs) without affecting current parking. Recent capital improvements include new windows throughout, foam roof re-coating, and parking lot repairs and striping. 8 of 10 units have received minor interior upgrades, with strong rental upside remaining through continued renovations. Ideally located in a highly accessible area of El Cajon, the property provides tenants with excellent connectivity to I-8 and SR-67, allowing easy access to Downtown San Diego, Mission Valley, and East County job hubs. Nearby attractions include Parkway Plaza Mall, Target, Best Buy, Sprouts, Walmart, and numerous dining and service options—all within walking or short driving distance. Families and students enjoy proximity to Johnson Elementary, El Cajon Valley High, and Grossmont College, while nearby Wells Park, Kennedy Park, and public transit along Main Street enhance overall livability.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$430 USD /SF

# OF UNITS

10

PRICE/UNIT

$280,000

CAP RATE

3.53%

% LEASED

-

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

24

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

R3

APN/PARCEL ID

484-310-30

ASK ABOUT THIS PROPERTY

Jason LeeNara AdvisorsMore Info
858-336-9688

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Jason LeeNara AdvisorsMore Info
858-336-9688

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